Written by: Barbora Choi on Mon Apr 28
IFRS 1 First-time Adoption of International Financial Reporting Standards
The objective of this IFRS is to ensure that an entity's first IFRS financial statements, and its interim financial reports, contain high quality information.
"A man who dares to waste one hour of time has not discovered the value of life." Charles Darwin.
At times you might feel like delving into a long accounting paper.
At times you might need just a quick glance at a topic reminding you of what it is about.
For the latter, I prepared a short refresher covering the very basics of the International Financial Reporting Standards (IFRS), for anyone.
