1. Accounting, Auditing, Actuarial
  2. IFRS Foundation & IASB
  3. International Financial Reporting Standards (IFRSs)
  4. 2020
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  1. IFRS 1: First-time Adoption of International Financial Reporting Standards
  2. IFRS 1: Basis for Conclusions
  3. Opening IFRS balance sheet (paras. BC16-BC84)
  4. BC16
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Version date: 26 February 2020 - onwards
    Version 1 of 1    

BC16

BC16 An entity’s opening IFRS balance sheet is the starting point for its accounting in accordance with IFRSs. The following paragraphs explain how the Board used the Framework in developing recognition and measurement requirements for the opening IFRS balance sheet.

Comparing proposed amendment...
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