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

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  • Опубликовано: 15 авг 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...
    📧Connect with me on social media: linktr.ee/farh...
    #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.

Комментарии • 61

  • @ringakol2368
    @ringakol2368 2 года назад +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.

  • @laimab9591
    @laimab9591 6 дней назад +1

    Great presentation ❤❤❤

    • @AccountingLectures
      @AccountingLectures  5 дней назад

      Most welcome. Visit my website for more information www.farhatlectutes.com 2 day free trial.

  • @danawardanaranaweeraarachc6032
    @danawardanaranaweeraarachc6032 Год назад +2

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

    • @AccountingLectures
      @AccountingLectures  Год назад

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

  • @shimelsgirma
    @shimelsgirma 5 лет назад +3

    Thank You Mr. Farhat's for Your Presentation!

    • @AccountingLectures
      @AccountingLectures  5 лет назад

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

  • @sisaybefkadu4371
    @sisaybefkadu4371 3 года назад +2

    Coutinue good work and to discuss different angles

    • @AccountingLectures
      @AccountingLectures  3 года назад

      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

  • @wondutilahun9531
    @wondutilahun9531 3 года назад +1

    Thank your explanation about IFRS 1

    • @AccountingLectures
      @AccountingLectures  3 года назад

      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

  • @Ancin47
    @Ancin47 5 лет назад +5

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

  • @miniylshewawondimu1198
    @miniylshewawondimu1198 3 года назад +1

    you are so kind for me thank you for all

  • @kebbe6802
    @kebbe6802 8 месяцев назад

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

  • @kedirebecca2760
    @kedirebecca2760 4 года назад +1

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

    • @AccountingLectures
      @AccountingLectures  4 года назад

      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

  • @kedirebecca2760
    @kedirebecca2760 4 года назад +1

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

    • @AccountingLectures
      @AccountingLectures  4 года назад

      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 2 года назад +1

    Thank you

  • @sumavishnu3359
    @sumavishnu3359 5 лет назад +5

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

    • @katolika9357
      @katolika9357 4 года назад

      CMA Suma S Prasad I also noticed that.

    • @habibrahman6615
      @habibrahman6615 4 года назад

      Right am also confused 😳

    • @alegremohammadallem6993
      @alegremohammadallem6993 4 года назад +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  3 года назад

      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  3 года назад

      @@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).

  • @hamideldaw7600
    @hamideldaw7600 3 года назад +1

    I really like your explanation . Thank you so much

    • @AccountingLectures
      @AccountingLectures  3 года назад

      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

  • @newgenerationfacts7644
    @newgenerationfacts7644 4 года назад +1

    Sir please tell me about us CPA course in detail

  • @urvikshelat1833
    @urvikshelat1833 2 года назад +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!

  • @hamideldaw7600
    @hamideldaw7600 3 года назад +1

    I’m so eager to learn more from you !

    • @AccountingLectures
      @AccountingLectures  3 года назад

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

  • @amanrehman8159
    @amanrehman8159 5 лет назад +2

    Can you please give some details about ACCA qualification

  • @afeworkaberra9343
    @afeworkaberra9343 3 года назад +1

    Thanks lot

    • @AccountingLectures
      @AccountingLectures  3 года назад

      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

  • @mikaelabaccay8707
    @mikaelabaccay8707 3 года назад +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  3 года назад

      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

  • @doubleabrothers2319
    @doubleabrothers2319 3 года назад

    Very good informative video.

    • @AccountingLectures
      @AccountingLectures  3 года назад

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

  • @prachichoudhary2246
    @prachichoudhary2246 4 года назад +2

    very informative lecture.thank you.

    • @AccountingLectures
      @AccountingLectures  4 года назад

      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
      Twitter: twitter.com/farhatlectures
      Email: Mansour.farhat@gmail.com

  • @RealRyuzaky
    @RealRyuzaky 3 года назад

    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  3 года назад

      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).

  • @amanrehman8159
    @amanrehman8159 5 лет назад +2

    Hi! Sir
    Is it covers under ACCA qualification

    • @AccountingLectures
      @AccountingLectures  5 лет назад

      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

  • @mohamedmsadaa7384
    @mohamedmsadaa7384 3 года назад +1

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

    • @AccountingLectures
      @AccountingLectures  3 года назад

      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).

  • @syediqtidarshah4545
    @syediqtidarshah4545 Год назад +1

    from where i get these ppts

    • @AccountingLectures
      @AccountingLectures  Год назад

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

  • @amiralam1000
    @amiralam1000 5 лет назад

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

    • @AccountingLectures
      @AccountingLectures  5 лет назад +1

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

    • @amiralam1000
      @amiralam1000 5 лет назад

      @@AccountingLectures OK Tnx dear

  • @hamzaiqbal282
    @hamzaiqbal282 Год назад

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

  • @butchcortez4683
    @butchcortez4683 4 года назад +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 4 года назад +1

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