About this E-Learning course

This course is relevant for entities that are preparing their first set of financial statements in accordance with Australian Accounting Standards, or entities that are transitioning from special purpose financial statements to general purpose financial statements. The course is broken into the following topics:

  • Overview of the requirements of IFRS 1

  • Mandatory exceptions included in IFRS 1

  • Other optional exemptions

  • Presentation and disclosure requirements.

Course curriculum

  • 1

    First Time Application

    • Welcome!

    • Overview

    • Mandatory exceptions

    • Optional exemptions - business combinations

    • Optional exemptions - other

    • Presentation and disclosure

How this course will help your business

The requirements included in IFRS 1 are many and complex. This course will provide you with sufficient information to identify the financial statement transactions and balances that may be impacted when preparing your first set of IFRS compliant financial statements. It will also assist those transitioning from either general purpose financial statements (Tier 2) to general purpose financial statements (Tier 1) or from special purpose financial statements to your first set of general purpose financial statements.

Meet your course instructor

IFRS Instructor

Aletta Boshoff

Aletta is an Advisory Partner and National Leader of IFRS & Corporate Reporting at BDO in Australia. Aletta has over 25 years’ experience in financial reporting and accounting, including IFRS. Aletta has lectured on financial accounting and reporting, auditing and assurance and taxation at various Australian and South African universities. As an Associate Professor, she authored various financial reporting and accounting textbooks. Aletta also spent several years as a Project Manager at the Australian Accounting Standards Board (AASB).