IFRS Transition definition
IFRS Transition means the proposed change to the accounting principles applied by the Company from US GAAP to IFRS.
Examples of IFRS Transition in a sentence
The Company’s unaudited consolidated statement of financial position at the IFRS Transition Date is included as comparative information in the unaudited condensed consolidated interim statements of financial position in the Company’s financial statements.
The 2004 IFRS Transition Information do not constitute a complete set of financial statements under IAS/IFRS, which would be necessary to provide, in accordance with these standards, a fair view of the assets, liabilities, financial position and results of the Company.