Author: Mohit

16. IAS 21 requires an entity:  a)    To recognise some translation differences in other...

14. In accordance with IAS 19 Employee Benefits, an entity may elect to use a ‘corridor’ approach...

13. A first-time adopter may apply the transitional provisions in IFRIC 4 Determining whether an...

9. An entity may elect to measure an item of property, plant and equipment at the date of...

8. A first-time adopter may apply the transitional provisions in IFRS 4 Insurance Contracts. IFRS...

6. A first-time adopter is encouraged, but not required, to apply IFRS 2 Share-based Payment to...

4. An entity need not apply IAS 21 The Effects of Changes in Foreign Exchange Rates...

3. The exemption for past business combinations also applies to past acquisitions of investments...

2. If a first-time adopter does not apply IFRS 3 retrospectively to a past business combination,...

A first-time adopter may elect not to apply IFRS 3 (as revised in 2008) retrospectively to past...

Under this category, a first time adopter may elect to use one or more of the following...

10. A first-time adopter shall apply the following requirements of IAS 27 (as amended in 2008)...

7. As required by IAS 39, at the date of transition to IFRSs, an entity shall: a)    Measure all...

5. Except as permitted by below paragraph, a first-time adopter shall apply the derecognition...

    An entity’s estimates in accordance with IFRSs at the date of transition to IFRSs shall...

On the FAO blog, read about how to capture data for your...