CERTYNEX IFRS ACADEMY

On initial application of an IFRS affecting the period, which disclosures are among those required?

The reasons why the new policy is more relevant than the old one.

The nature of the change in accounting policy.

The name of the manager who proposed the change.

To the extent practicable, the amount of the adjustment for each line item affected.

The title of the IFRS and, when applicable, that the change follows its transitional provisions.