icon-grid
Better Regulation logo
Table of Contents

Table of Contents

Expand all headings Collapse all headings Expand side bar Collapse side bar
IFRS 1: First-time Adoption of International Financial Reporting StandardsObjective (para. 1)Scope (paras. 2-5)Recognition and measurement (paras. 6-19)Presentation and disclosure (paras. 20-33)Effective date (paras. 34-39AK)Withdrawal of IFRS 1 (para. 40)Appendix A Defined termsAppendix B Exceptions to the retrospective application of other IFRSsAppendix C Exemptions for business combinationsAppendix D Exemptions from other IFRSsAppendix E Short-term exemptions from IFRSsApproval by the Board of IFRS 1 issued in November 2008Approval by the Board of Additional Exemptions for First-time Adopters (Amendments to IFRS 1) issued in July 2009Approval by the Board of Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters (Amendment to IFRS 1) issued in January 2010Approval by the Board of Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters (Amendments to IFRS 1) issued in December 2010Approval by the Board of Government Loans (Amendments to IFRS 1) issued in March 2012Approval by the IASB of Lack of Exchangeability issued in August 2023IFRS 1: Basis for ConclusionsIntroduction (paras. BC1-BC3)Restructuring of the IFRS (paras. BC3A-BC3B)Scope (paras. BC4-BC6E)BC4-BC6Repeated application of IFRS 1 (paras. BC6A-BC6E)Basic concepts (paras. BC7-BC15)Useful information for users (paras. BC7-BC8)Comparability (paras. BC9-BC10)Current version of IFRSs (paras. BC11-BC15)Opening IFRS balance sheet (paras. BC16-BC84)BC16Recognition (paras. BC17-BC19)Derecognition in accordance with previous GAAP (paras. BC20-BC23)Measurement (paras. BC24-BC29)Exemptions from other IFRSs (paras. BC30-BC63M)Other possible exemptions rejected (paras. BC64-BC73)Retrospective designation (paras. BC74-BC83A)Estimates (para. BC84)Presentation and disclosure (paras. BC85-BC97)Comparative information (paras. BC85-BC89C)Historical summaries (para. BC90)Explanation of transition to IFRSs (paras. BC91-BC95A)Interim financial reports (paras. BC96-BC96A)Accounting policy changes in the year of adoption (paras. BC97)Short-term exemptions from IFRSs (paras. BC98-BC99)BC98Deletion of short-term exemptions (amendments issued in December 2016)(para. BC99)Appendix - Amendments to Basis for Conclusions on other IFRSsIFRS 1: Guidance on Implementing IFRS 1
Document Overview
Tools
Set a date to view the document
Text comparison options
Full text - Date 1 vs Date 2
Amendments requiring commencement - Current text vs Text requiring commencement
Draft proposed changes - Current text vs Text proposed by drafting documents
Coming soon: Any documents - Any document vs Another document at any date
Print / Export options
Current page
Whole document
Selected pages
Consolidated PDF of the entire document as of 8th January 2025
Export
Export line by line
Export provision to provision
Report template
Create report template
Alert me to changes
Manage alerts
Bookmarks
This page
This document
Manage bookmarks
Search within this document
View previous searches
Share
Get page link
Share via email application
PreviousNext

Opening IFRS balance sheet (paras. BC16-BC84)

BC16
Recognition (paras. BC17-BC19)
Derecognition in accordance with previous GAAP (paras. BC20-BC23)
Measurement (paras. BC24-BC29)
Exemptions from other IFRSs (paras. BC30-BC63M)
Other possible exemptions rejected (paras. BC64-BC73)
Retrospective designation (paras. BC74-BC83A)
Estimates (para. BC84)
PreviousNext