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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.〔IFRS Foundation, 2012. (International Financial Reporting Standard 1: First-time Adoption of International Financial Reporting Standards ). Retrieved on December 24, 2013.〕 IFRS 1 has been cited by Association of Chartered Certified Accountants (ACCA) as having "great practical significance" in jurisdictions that are adopting the IFRSs.〔ACCA, 2012. (IFRS 1 First Time Adoption ). Retrieved on December 24, 2013.〕 The standard has been endorsed by the European Commission for use in the European Union,〔EFRAG, 2012. (The EU endorsement status report ). Retrieved on May 4, 2012.〕 with the Commission Services finding in 2009 that the latest version of IFRS 1 has benefits that outweigh the costs of adoption.〔European Commission, 2009. (Endorsement of the IFRS 1 First-time Adoption of International Financial Reporting Standards ). Retrieved on May 4, 2012.〕 ==Overview== IFRS 1 aims to ensure that an entity's first financial statements after adopting IFRS, and interim statements for partial periods under IFRS, will: * be transparent and comparable; * provide a "suitable starting point" for the entity's accounting under IFRS; and * have benefits that exceed the cost of preparation.〔 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「IFRS 1」の詳細全文を読む スポンサード リンク
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