Question Tag: Transition Date

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FA – Nov 2013 – L1 – SA – Q35 – Regulatory Environment of Accounting

Determining the date of transition to IFRS.

Gbaja Plc has always prepared financial statements to 31 December each year. The company prepared its first IFRS financial statements for the year ended 31 December 2012 with the comparative figures for the year ended 31 December 2011. State the date of transition to IFRS.

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FA – Nov 2013 – L1 – SA – Q35 – Regulatory Environment of Accounting

Determining the date of transition to IFRS.

Gbaja Plc has always prepared financial statements to 31 December each year. The company prepared its first IFRS financial statements for the year ended 31 December 2012 with the comparative figures for the year ended 31 December 2011. State the date of transition to IFRS.

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