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  1. IFRS 1: First-time Adoption of International Financial Reporting Standards
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IFRS 1: First-time Adoption of International Financial Reporting Standards

Comparing proposed amendment...
Objective (para. 1)
Scope (paras. 2-5)
Recognition and measurement (paras. 6-19)
Presentation and disclosure (paras. 20-33)
Effective date (paras. 34-39AI)
Withdrawal of IFRS 1 (para. 40)
Appendix A Defined terms
Appendix B Exceptions to the retrospective application of other IFRSs
Appendix C Exemptions for business combinations
Appendix D Exemptions from other IFRSs
Appendix E Short-term exemptions from IFRSs
Approval by the Board of IFRS 1 issued in November 2008
Approval by the Board of Additional Exemptions for First-time Adopters (Amendments to IFRS 1) issued in July 2009
Approval by the Board of Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters (Amendment to IFRS 1) issued in January 2010
Approval by the Board of Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters (Amendments to IFRS 1) issued in December 2010
Approval by the Board of Government Loans (Amendments to IFRS 1) issued in March 2012
Approval by the IASB of Lack of Exchangeability issued in August 2023
IFRS 1: Basis for Conclusions
Introduction (paras. BC1-BC3)
Restructuring of the IFRS (paras. BC3A-BC3B)
Scope (paras. BC4-BC6E)
BC4-BC6
Repeated 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)
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)
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)
BC98
Deletion of short-term exemptions (amendments issued in December 2016)(para. BC99)
Appendix - Amendments to Basis for Conclusions on other IFRSs
IFRS 1: Guidance on Implementing IFRS 1
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