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a. The date at the end of the first IFRS reporting period b. The date at the start of the earliest period for which comparatives are provided in the first IFRS financial statements c. The date at the end of the earliest period for which comparatives are provided in the first IFRS financial statements d. The date at the start of the first IFRS reporting period
b. The date at the start of the earliest period for which comparatives are provided in the first IFRS financial statements
a. comparatives are adjusted accordingly
B . The date at the start of the earliest period for which comparatives are provided in the first IFRS financial statements
Example : If a Company decided to present financial reports According to IFRS in Financial Year ending 31.12.2017, the trasition date has to be 01.01.2016.
Well, if we look simply the date of transition will be one year back.Example: if A Co adopt IFRS in for its financial statement of31 December2015, than the date of transition will back two periods i.e.1 Jan2013.
So I'm sure that B is the correct answer.
The correct answer A
