1. Select the appropriate IFRS to be used for the recognition, measurement and disclosure of key accounting transactions and events in IFRS annual and consolidated financial statements. 2. Assess the path of recent developments in the construction of such standards, 3. Evaluate the application of IFRS to a variety of accounting transactions and events. 4. […]
Prepare all financial statements required by IAS 1 Presentation of Financial Statements.
You are an accounting adviser in an entity in a particular country. The entity faces the problem of first translation of its financial statements into IFRS. You are asked to explain the process of first adoption of IFRS Note 1: You are required to prepare a case study which is NOT based on accounting records […]
Describe at least 1 project that is being explored with regard to the roadmap, and provide details about the objective and status of the project at this time.
Explain what the IASB/FASB roadmap for convergence to International Financial Reporting Standards (IFRS) was set up to accomplish. Describe at least 1 project that is being explored with regard to the roadmap, and provide details about the objective and status of the project at this time. Review the project summary for the conceptual framework project, […]