IFRS 1 | IAS 1| International Financial Reporting Standard 1 International Accounting Course

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  • čas přidán 29. 06. 2024
  • In this video, I discuss the IFRS 1. The main objective of IFRS 1 is to ensure that the entity's financial statements that firstly adopted IFRS contain high quality of information . IFRS 1 requires an entity to use the same accounting policies in its opening IFRS statement of financial position and throughout all periods. Farhat Accounting Lectures can help you understand IFRS 1
    ✔️Accounting students and CPA Exam candidates, check my website for additional resources: farhatlectures.com/
    📧Connect with me on social media: linktr.ee/farhatlectures
    #CPAEXAM #ACCA #accountingstudent
    Updated video : • International Accounti...
    Summary of IAS 1 shortly explains IFRS financial statements, their purpose, general features and looks to the statement of financial position, statement of comprehensive income and statement of changes in equity.

Komentáře • 59

  • @ringakol2368
    @ringakol2368 Před 2 lety +3

    I have learned a lot from this professor and I do enjoy checking your newly videos because the helpful in accounting field and CPA as well.

  • @shimelsgirma
    @shimelsgirma Před 4 lety +3

    Thank You Mr. Farhat's for Your Presentation!

    • @AccountingLectures
      @AccountingLectures  Před 4 lety

      You are welcome.Please subscribe and share the channel on
      social media.
      Please connect with me:
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      Facebook: facebook.com/accountinglectures

  • @miniylshewawondimu1198
    @miniylshewawondimu1198 Před 3 lety +1

    you are so kind for me thank you for all

  • @danawardanaranaweeraarachc6032

    Excellent clarification. Looking other standards too.Appreciate your valuable insight

    • @AccountingLectures
      @AccountingLectures  Před rokem

      Glad it was helpful! Please check my website for more: ✅farhatlectures.com/

  • @kedirebecca2760
    @kedirebecca2760 Před 3 lety +1

    I have liked the way you explain things and i do understand them very well

    • @AccountingLectures
      @AccountingLectures  Před 3 lety

      You are most welcome. Please subscribe and share. If you want to access more resources, check my website:
      ✔farhatlectures.com/
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      ✔Twitter: @farhatlectures
      🎤Email: Mansour.farhat@gmail.com

  • @hamideldaw7600
    @hamideldaw7600 Před 3 lety +1

    I really like your explanation . Thank you so much

    • @AccountingLectures
      @AccountingLectures  Před 3 lety

      You are most welcome. Please subscribe and share. If you want to access more resources, check my website:
      ✔farhatlectures.com/
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      🎤Email: Mansour.farhat@gmail.com

  • @hamideldaw7600
    @hamideldaw7600 Před 3 lety +1

    I’m so eager to learn more from you !

    • @AccountingLectures
      @AccountingLectures  Před 3 lety

      You are most welcome. Please subscribe and share. If you want to access more resources, check my website:
      ✔farhatlectures.com/courses
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      🎤Email: Mansour.farhat@gmail.com

  • @wondutilahun9531
    @wondutilahun9531 Před 3 lety +1

    Thank your explanation about IFRS 1

    • @AccountingLectures
      @AccountingLectures  Před 3 lety

      Most welcome.
      Please subscribe and share. If you want to access more resources, check my website:
      ✔farhatlectures.com/
      ✔Instagram: @farhatlectures
      ✔ Linkedin: www.linkedin.com/in/professorfarhat/
      ✔Facebook:@accountinglectures
      ✔Twitter: @farhatlectures
      🎤Email: Mansour.farhat@gmail.com

  • @sisaybefkadu4371
    @sisaybefkadu4371 Před 3 lety +2

    Coutinue good work and to discuss different angles

    • @AccountingLectures
      @AccountingLectures  Před 3 lety

      You are most welcome. Please subscribe and share. If you want to access more resources, check my website:
      ✔farhatlectures.com/
      ✔Instagram: @farhatlectures
      ✔ Linkedin: www.linkedin.com/in/professorfarhat/
      ✔Facebook:@accountinglectures
      ✔Twitter: @farhatlectures
      🎤Email: Mansour.farhat@gmail.com

  • @abdulrahmansenan7221
    @abdulrahmansenan7221 Před 2 lety +1

    Thank you

  • @kedirebecca2760
    @kedirebecca2760 Před 3 lety +1

    It is my first time to join and i would like to learn more with you sir

    • @AccountingLectures
      @AccountingLectures  Před 3 lety

      You are most welcome. Please subscribe and share. If you want to access more resources, check my website:
      ✔farhatlectures.com/
      ✔Instagram: @farhatlectures
      ✔ Linkedin: www.linkedin.com/in/professorfarhat/
      ✔Facebook:@accountinglectures
      ✔Twitter: @farhatlectures
      🎤Email: Mansour.farhat@gmail.com

  • @prachichoudhary2246
    @prachichoudhary2246 Před 4 lety +2

    very informative lecture.thank you.

    • @AccountingLectures
      @AccountingLectures  Před 4 lety

      You are most welcome. Please subscribe and share.
      If you want to access more resources, check my website: farhatlectures.pathwright.com/library/
      Connect with me:
      Instagram Account: instagram.com/farhatlectures/
      Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures
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      Email: Mansour.farhat@gmail.com

  • @doubleabrothers2319
    @doubleabrothers2319 Před 2 lety

    Very good informative video.

    • @AccountingLectures
      @AccountingLectures  Před 2 lety

      Glad it was helpful! You are most welcome. Here's my list of my courses: farhatlectures.pathwright.com/library/

  • @kebbe6802
    @kebbe6802 Před 6 měsíci

    IFRS 1 & IAS1 ... are they the same? i would like you to review this tutorial again, pls.

  • @afeworkaberra9343
    @afeworkaberra9343 Před 3 lety +1

    Thanks lot

    • @AccountingLectures
      @AccountingLectures  Před 3 lety

      You are welcome.
      Check my website for more:
      ✔farhatlectures.com/
      ✔Instagram: @farhatlectures
      ✔ Linkedin: www.linkedin.com/in/professorfarhat/
      ✔Facebook:@accountinglectures
      ✔Twitter: @farhatlectures
      🎤Email: Mansour.farhat@gmail.com

  • @newgenerationfacts7644
    @newgenerationfacts7644 Před 4 lety +1

    Sir please tell me about us CPA course in detail

  • @Ancin47
    @Ancin47 Před 5 lety +5

    Can you do IFRS 9 or the upcoming CECL (current expected credit losses) ?

  • @urvikshelat1833
    @urvikshelat1833 Před 2 lety +1

    Can you share the playlist name where you cover all the IFRS related topics in one group?
    As information that you have put in is appreciated. Thank you so very much!

  • @mikaelabaccay8707
    @mikaelabaccay8707 Před 3 lety +1

    Hi, can someone tell me where I could find the Basis for conclusion on IFRS/IAS? Been searching all day long. Thank youuuu. It will be a huge help.

    • @AccountingLectures
      @AccountingLectures  Před 3 lety

      You are welcome.
      Check my website for more:
      ✔farhatlectures.com/
      ✔Instagram: @farhatlectures
      ✔ Linkedin: www.linkedin.com/in/professorfarhat/
      ✔Facebook:@accountinglectures
      ✔Twitter: @farhatlectures
      🎤Email: Mansour.farhat@gmail.com

  • @amanrehman8159
    @amanrehman8159 Před 5 lety +2

    Can you please give some details about ACCA qualification

  • @RealRyuzaky
    @RealRyuzaky Před 3 lety

    IFRS 1 is a revised IAS 1? Are you sure about that? Thought one was focused on financial statements characteristics and the other first time adoption. Can you please confirm they are different things? Thank you

    • @AccountingLectures
      @AccountingLectures  Před 3 lety

      IFRS 1: en.wikipedia.org/wiki/IFRS_1
      International Financial Reporting Standard 1: First-time Adoption of International Financial Reporting Standards or IFRS 1 is an international financial reporting standard issued by the International Accounting Standards Board (IASB). It sets out requirements on the preparation and presentation of financial statements and interim financial reports by entities that are adopting the IFRS for the first time, to ensure that they contain high-quality information
      IAS 1: en.wikipedia.org/wiki/IAS_1
      International Accounting Standard 1: Presentation of Financial Statements or IAS 1 is an international financial reporting standard adopted by the International Accounting Standards Board (IASB).[1] It lays out the guidelines for the presentation of financial statements[2] and sets out minimum requirements of their content; it is applicable to all general purpose financial statements that are based on International Financial Reporting Standards (IFRS).

  • @sumavishnu3359
    @sumavishnu3359 Před 4 lety +5

    But IFRS 1(1:18), is on First Time Adoption of IFRS
    IAS 1 and IFRS 1, both are different

    • @katolika9357
      @katolika9357 Před 4 lety

      CMA Suma S Prasad I also noticed that.

    • @habibrahman6615
      @habibrahman6615 Před 4 lety

      Right am also confused 😳

    • @alegremohammadallem6993
      @alegremohammadallem6993 Před 4 lety +1

      Yes, they are different, I think he just made a remark describing that adoptation. IAS 1 is already a financial reporting standard while IFRS 1 is like what you've mentioned

    • @AccountingLectures
      @AccountingLectures  Před 3 lety

      IFRS 1: en.wikipedia.org/wiki/IFRS_1
      International Financial Reporting Standard 1: First-time Adoption of International Financial Reporting Standards or IFRS 1 is an international financial reporting standard issued by the International Accounting Standards Board (IASB). It sets out requirements on the preparation and presentation of financial statements and interim financial reports by entities that are adopting the IFRS for the first time, to ensure that they contain high-quality information
      IAS 1: en.wikipedia.org/wiki/IAS_1
      International Accounting Standard 1: Presentation of Financial Statements or IAS 1 is an international financial reporting standard adopted by the International Accounting Standards Board (IASB).[1] It lays out the guidelines for the presentation of financial statements[2] and sets out minimum requirements of their content; it is applicable to all general purpose financial statements that are based on International Financial Reporting Standards (IFRS).

    • @AccountingLectures
      @AccountingLectures  Před 3 lety

      @@habibrahman6615 IFRS 1: en.wikipedia.org/wiki/IFRS_1
      International Financial Reporting Standard 1: First-time Adoption of International Financial Reporting Standards or IFRS 1 is an international financial reporting standard issued by the International Accounting Standards Board (IASB). It sets out requirements on the preparation and presentation of financial statements and interim financial reports by entities that are adopting the IFRS for the first time, to ensure that they contain high-quality information
      IAS 1: en.wikipedia.org/wiki/IAS_1
      International Accounting Standard 1: Presentation of Financial Statements or IAS 1 is an international financial reporting standard adopted by the International Accounting Standards Board (IASB).[1] It lays out the guidelines for the presentation of financial statements[2] and sets out minimum requirements of their content; it is applicable to all general purpose financial statements that are based on International Financial Reporting Standards (IFRS).

  • @amiralam1000
    @amiralam1000 Před 4 lety

    I want to do diploma in IFRS can you plz guide me where to start and how to prepare

    • @AccountingLectures
      @AccountingLectures  Před 4 lety +1

      I don;t know where to get a diploma in IFRS. My lectures will help you prepare.

    • @amiralam1000
      @amiralam1000 Před 4 lety

      @@AccountingLectures OK Tnx dear

  • @amanrehman8159
    @amanrehman8159 Před 5 lety +2

    Hi! Sir
    Is it covers under ACCA qualification

    • @AccountingLectures
      @AccountingLectures  Před 5 lety

      The topic is covered.
      You are welcome. Please subscribe and share the channel on
      social media.
      Please connect with me:
      Instagram: instagram.com/farhatlectures/
      LinkedIn: www.linkedin.com/in/professorfarhat/
      Facebook: facebook.com/accountinglectures

  • @hamzaiqbal282
    @hamzaiqbal282 Před 10 měsíci

    NEED IAS/IFRS COMPLETE LECTURES FOR DEC 23 SESSION??? IS ANYONE HAVE ??

  • @syediqtidarshah4545
    @syediqtidarshah4545 Před rokem +1

    from where i get these ppts

    • @AccountingLectures
      @AccountingLectures  Před rokem

      My website. Thank you. For more resources check out my website: www.farhatlectures.com

  • @mohamedmsadaa7384
    @mohamedmsadaa7384 Před 3 lety +1

    You are explaining ias 1 and not ifrs 1 please don't confuse people, they are not the same thing

    • @AccountingLectures
      @AccountingLectures  Před 3 lety

      IFRS 1: en.wikipedia.org/wiki/IFRS_1
      International Financial Reporting Standard 1: First-time Adoption of International Financial Reporting Standards or IFRS 1 is an international financial reporting standard issued by the International Accounting Standards Board (IASB). It sets out requirements on the preparation and presentation of financial statements and interim financial reports by entities that are adopting the IFRS for the first time, to ensure that they contain high-quality information
      IAS 1: en.wikipedia.org/wiki/IAS_1
      International Accounting Standard 1: Presentation of Financial Statements or IAS 1 is an international financial reporting standard adopted by the International Accounting Standards Board (IASB).[1] It lays out the guidelines for the presentation of financial statements[2] and sets out minimum requirements of their content; it is applicable to all general purpose financial statements that are based on International Financial Reporting Standards (IFRS).

  • @butchcortez4683
    @butchcortez4683 Před 4 lety +1

    Could you make your speaking slower? thank you. Im having a hard time to understand as who english is not.primary language

    • @zel9843
      @zel9843 Před 4 lety +1

      You could change the speed to 0.75, works for me while I'm doing other things.