The Road to IFRS - A practical guide to IFRS 1 and first-time adoption
Published by the IFRS team at Grant Thornton International Ltd.
IFRS is fast becoming the global accounting language. Over 100 countries have now adopted IFRS and many more have committed to make the transition in the next few years. The benefits of global standards are widely acknowledged. For companies, however, the conversion to IFRS is a major change both for the finance function and for the wider business. This guide reflects the collective experience of Grant Thornton International's IFRS team and member firm IFRS experts. It explains IFRS 1's key implementation issues and includes interpretational guidance in the more problematic areas. The guide also includes several examples illustrating the standard's disclosure and presentation requirements.