How does an entity adopt IFRSs for the first time?

• A. by reporting on its financial position, financial performance and cash flows in accordance with ifrss
• B. by issuing its first financial statements in which the entity adopts ifrss, by an explicit and unreserved statement of compliance with ifrss
• C. by reporting on its financial position, financial performance and cash flows in accordance with national requirements, which do not contradict ifrss
• D. by issuing its first financial statements in accordance with national requirements, which contain explicit and unreserved statement of compliance with ifrss