Reference no: EM131323799
Company name is Chevron
Apply IFRS 1, "Adopting IFRS" and "Rev Rec" to your U.S. company used in the "Comparison Project" for the final effort in class which is to develop a plan for the transition to both IFRS and Rev Rec.
Review the attached guide and references.
Create an Excel file with the key steps, financial statements/key accounts--implications, challenges, issues and concerns. Also indicate organizational impact such as corporate reporting, HR, IT, internal auditors, external auditors, legal, etc.
Please see sample project plan examples for assistance:
https://www.pmdocuments.com/project-planning-documents/project-management-plan-document/
https://www.projectmanagementdocs.com/project-planning-templates/project-management-plan.html#axzz3q0TlRXKZ
https://www.energy.gov/management/downloads/sample-project-execution-plan
https://www.pwc.com/us/en/issues/ifrs-reporting/assets/pwc-ifrs-implementation-guide.pdf
https://www.ifrs.com/pdf/10414-378_ifrs_it_white_paper_web_final.pdf
https://www.isaca.org/Journal/archives/2011/Volume-3/Pages/Questions-That-Must-Be-Addressed-for-a-SuccessfulI-FRS-Implementation.aspx
https://www.journalofaccountancy.com/issues/2009/apr/preparerspointofview.html
https://www.resourcesglobal.com/index.php/client-services/ifrs/consulting-and-support/success-stories
Company Annual Report - Chevron.com/AnnualReport2015
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