About this seminar

All entities transitioning to International Financial Reporting Standards or Australian Accounting Standards are required to apply IFRS 1 First-time Adoption of International Financial Reporting Standards to their first set of annual financial statements prepared under either suite of Accounting Standards. This course provides an overview of the key transition requirements and options in IFRS 1, including:

  • On overview of the Australian financial reporting framework

  • An overview of main transition requirements in IFRS 1

  • An explanation of the mandatory exceptions available in IFRS 1

  • Information on the optional exemptions, including those that relate to business combinations.

How this seminar can help your business

IFRS 1 is applicable to entities that first adopt Australian Accounting Standards. However, this Standard must also be applied when an entity transitions from special purpose financial statements to general purpose financial statements; and it also needs to be applied by entities transitioning from Tier 2 to Tier 1 general purpose financial reporting requirements.

Meet your course instructors

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).

IFRS Instructor

Dean Ardern

Dean has been advising on IFRS and other financial reporting matters for over 15 years. Having worked with a range of clients in both the for-profit and not-for-profit sectors, Dean understands the challenges preparers face. Dean has presented academic and professional training seminars and published papers on various topics in financial accounting and reporting in Australia and internationally. Dean has also participated in various professional liaison and working groups, including the AASB’s Disclosure Initiative Project Advisory Panel and the Institute of Actuaries of Australia’s Insurance Accounting Standards Committee.