FOR IFRS please answer as per below information?

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.The following information was taken from the accounting records of Oak Corporat...
Posted by:
Moataz Ali Sobhi
23-March-2015

On July1, year2, a company decided to adopt IFRS. The company’s first IFRS reporting period is as of and for the year ended December, year2. The company will present one year of comparative information. What is the company’s date of transition to IFRS?

A. January1, year1.B. January1, year2.C. July1, year2.D. December, year2.

Auditing ERP Financial Accounting IFRS Tally ERP

Question ajoutée par Anil Lalwani , Chief Accountant , Al Ahli Hospital
Date de publication: 2016/10/24

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4 Réponses

manseer muhammed ali

par manseer muhammed ali , Accountant General , Royal Lighting L.L.C & Royal Furnishing LLC

The company’s date of transition to IFRS is

A. January1, year1

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SHAIK KHADER BASHA BASHA

par SHAIK KHADER BASHA BASHA , Senior Accountant , Polysilicon Technology Company Ltd

B. January1, Year1 - Even it's Decided to Adopt on july1, year to , company should start from January1, year1.

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Nazmul Islam CMA

par Nazmul Islam CMA , Manager , Robi Axiatal Ltd.

As there is the need comparative information I think the date should be January 1, year 1.

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par Wilfredo Quito , Accounting Manager , DDC LAND INC.

Thanks for Inviting me Mr. Anil.

answer is A. January1, year1

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