CERTYNEX IFRS ACADEMY

On transition, Delmas SA finds that full retrospective application is impracticable for its group G1 and practicable for its group G2 (management's assessments). Which transition approach complies with the rule for each of the two groups?

G1: fair value approach imposed, the modified retrospective approach being excluded; G2: full retrospective application.

G1: combination of the two approaches for the same group; G2: full retrospective application.

G1: choice between the modified retrospective approach and the fair value approach; G2: full retrospective application.

G1: choice between the two approaches; G2: free choice between the three approaches.