Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

how can i answer this question base on the UNILEVER annual report. https://www.unilever.com/Images/unilever-annual-report-and-accounts-2019-20f_tcm244-547894_en.pdf 1)Transition to IFRS (20-F) - Determine the year in which the company

how can i answer this question base on the UNILEVER annual report.

https://www.unilever.com/Images/unilever-annual-report-and-accounts-2019-20f_tcm244-547894_en.pdf

1)Transition to IFRS (20-F) - Determine the year in which the company transitioned to IFRS by referring to the accounting policies note in the financial statements (usually the first note). An overview of IFRS adoption should be mentioned. Based on that information, answer the following:

i.What was the first year the company adopted IFRS?

ii.What was the date of transition, as defined in IFRS 1?

iii.What was the previous GAAP that the company used before IFRS?

iv.What exemptions did they utilize?

v.Were there any special IFRS considerations?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Best Practices

Authors: Steven M Bragg

7th Edition

1118404149, 9781118404140

More Books

Students also viewed these Accounting questions