Which of the following is not an example of a mandatory exception to retrospective application of IFRS?

Question

Quizplus · Accepted Answer

Cumulative translation differences are an example of a mandatory exception to retrospective application of IFRS, where entities are required to reset cumulative translation differences to zero at the date of transition to IFRS. This means that option B is not an example of a mandatory exception to retrospective application, as it is actually an instance where retrospective application is not required by IFRS 1.

Which of the Following Is Not an Example of a Mandatory