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IFRS 1 First time adoption of IFRS

IFRS 1 (freeaccastudymaterial.com)

IFRS 1 Overview IFRS 1 First-time Adoption of IFRS (International Financial Reporting Standards) sets out the procedures that an entity must follow when it adopts IFRSs for the first time as the basis for preparing its general purpose financial statements. The IFRS grants limited exemptions from the general requirement to …

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