Royal Dutch Shell: Transition to IFRS (20-F) - Determine the year in which Royal...
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Accounting
Royal Dutch Shell:
Transition to IFRS (20-F) - Determine the year in which Royal Dutch Shell 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 Royal Dutch Shell adopted IFRS?
ii. What was the date of transition, as defined in IFRS 1?
iii. What was the previous GAAP that Royal Dutch Shell used before IFRS?
iv. What exemptions did they utilize?
v. Were there any special IFRS considerations?
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