Can anyone share about what are exemptions available for first time adoption of IFRS.
Can anyone share about what are exemptions available for first time adoption of IFRS.
Optional exemptions Business combinations PP&E, investment properties and intangibles Employee benefits Cumulative translation differences Compound financial instruments Decommissioning liabilities Arrangements containing leases Fair value measurement of no-active market financial instruments at initial recognition Designation of financial assets and financial liabilities Service concession arrangements Borrowing costs Investments in subsidiaries, jointly controlled entities and associates
Non-controlling interestsWon’t apply to US companiesDerecognition of financial assets and financial lia
Discontinued operations
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
