Problem
Transition To IFRS (20-F) Nike Inc.
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:
o What was the first year the company adopted IFRS?
o What was the date of transition, as defined in IFRS 1?
o What was the previous GAAP that the company used before IFRS?
o What exemptions did they utilize?
o Were there any special IFRS considerations?
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.