2012-04-13 Interim Reporting Under IFRS: Q1 2012

This publication answers questions that calendar year end companies might have while preparing their first quarter interim financial statements for their first post-transition year.

Questions covered include:

  • Do I have to disclose all the significant accounting policies of the company in the accounting policy note?
  • What are the minimum note disclosures required by IAS 34?
  • What do I have to include in the statement of IFRS compliance?
  • Do I have to include an opening balance sheet in my interim financial statements?
  • Are there any new GAAP requirements that I should consider in preparing Q1 2012 financial statements?