Jan 1, '07Jan 8, '07Jan 15, '07Jan 22, '07Jan 29, '07Feb 5, '07Feb 12, '07Feb 19, '07
TWTFSSMTWTFSSMTWTFSSMTWTFSSMTWTFSSMTWTFSSMTWTFSSMTWTFSSMTWTFSSMT
Indicators
Name
Duration
Start
Finish
Predecessors
Resource Names
-Preparations of an Opening Balance Sheet at the Date of Transition to IFRS40 days?1/1/20072/23/2007
-Perform Initial Planning5 days?1/1/20071/5/2007
Prepare a Project Plan1 day?1/1/20071/1/2007Accounting Policy Group
Assemble Team1 day?1/2/20071/2/20072CFO/Controller
Assess Internal Knowledge of IFRS1 day?1/3/20071/3/20073Accounting Policy Group,HR
Determine if Additional Training on IFRS is Needed1 day?1/4/20071/4/20074Accounting Policy Group,HR
Kickoff Meeting1 day?1/5/20071/5/20075Accounting Policy Group,Risk Management,Accounting,CFO/Controller
Initial Planning Complete0 days1/5/20071/5/20076
-Determine Current "Best Practices" Relating to IFRS Reporting2 days?1/8/20071/9/2007
Obtain IFRS Reporting Manuals/Guides from External Auditors/Other Sources1 day?1/8/20071/8/20077Accounting Policy Group
Obtain and Review Competitor Financial Information Filed in Accordance with IFRS1 day?1/8/20071/8/20077Accounting Policy Group
Meet with External Auditors to Get Perspectives on IFRS Best Practices1 day?1/9/20071/9/20079,10Accounting Policy Group
Review of Current Best Practices Complete0 days1/9/20071/9/200711
-Identify IFRS Accounting Policies to be Used7 days?1/10/20071/18/2007
Determine Which Accounting Policies under Previous GAAP are also Acceptable under IFRS1 day?1/10/20071/10/200712Accounting Policy Group
Determine Where Previous GAAP Accounting Policies are Not Acceptable under IFRS1 day?1/10/20071/10/200711Accounting Policy Group
Determine Which Standards Permit a Choice in Accounting Methodologies and Select Methodology1 day?1/10/20071/10/200711Accounting Policy Group
Identify Areas Where Required Retrospective Application Will Require Additional Information1 day?1/11/20071/11/200714,15,16Accounting Policy Group
Delegate Responsibilities to Various Departments for Obtaining Additional Information1 day?1/12/20071/12/200717Accounting Policy Group
Identify Accounting Areas/Topics Where the Accounting Requires Significant Judgment/Estimates1 day?1/15/20071/15/200718CFO/Controller
Meet with Internal/External Auditors to Resolve Final Accounting Treatment for These Areas1 day?1/16/20071/16/200719CFO/Controller
Prepare IFRS Accounting Policy Manual1 day?1/17/20071/17/200720Accounting Policy Group
Determination of IFRS Accounting Policies to be Used Complete1 day?1/18/20071/18/200721
-Determine Which Exemptions Listed in IFRS 1 Will Be Utilized10 days?1/19/20072/1/2007
Review Past Business Combinations and Determine Whether those Occurring Prior to 1/1/2004 Will Be Restated in Accordance with IFRS 31 day?1/19/20071/19/200722Accounting Policy Group
Determine Whether Entity Will Utilize Fair Value as Deemed Cost at 1/1/2004 for Certain Assets1 day?1/22/20071/22/200724Accounting Policy Group
Determine Need to Hire an Independent Actuary for Evaluation of Employee Benefit Plans in Accordance with IAS 191 day?1/23/20071/23/200725Accounting Policy Group
Determine Treatment of Unrecognized Actuarial Gains/Losses at Date of Transition1 day?1/24/20071/24/200726Accounting Policy Group
Determine Treatment for Cumulative Translation Differences Arising from Consolidation of Subsidiaries in a Foreign Currency1 day?1/25/20071/25/200727Accounting Policy Group
Identify Compound Financial Instruments and Determine the Need to Separate the Liability and Equity Components1 day?1/26/20071/26/200728Accounting Policy Group
Determine Valuation of Assets/Liabilities Related to Subsidiaries, Associates, and Joint Ventures1 day?1/29/20071/29/200729Accounting Policy Group
Determine Desired Designation Related to Financial Instruments at Date of Transition1 day?1/30/20071/30/200730Accounting Policy Group
Determine Retrospective Accounting for Share-Based Payment Transactions Based on Date of Grant and Whether They Are Vested at Date of Transition1 day?1/31/20071/31/200731Accounting Policy Group
Determine Whether to Apply the Transitional Provisions in IFRS 4 Related to Insurance Contracts1 day?2/1/20072/1/200732Accounting Policy Group
Determination of IFRS 1 Exemptions to be Utilized Complete0 days2/1/20072/1/200733
-Determine Exceptions to Retrospective Application of other IFRSs7 days?2/2/20072/12/2007
Determine Date of Transition Related to IAS 39 and IFRS 41 day?2/2/20072/2/200734Accounting Policy Group
Apply Requirements for Derecognition of Financial Assets/Liabilities Prospectively from Date of Transition to IAS 391 day?2/5/20072/5/200736Accounting Policy Group
Determine Hedging Relationships Existing Under Previous GAAP1 day?2/6/20072/6/200737Risk Management
Recognize All Derivatives on Balance Sheet at Fair Value1 day?2/7/20072/7/200738Accounting
If Hedge Accounting Is to be Applied Under IFRSs, Prepare Appropriate Documentation/Effectiveness Testing1 day?2/8/20072/8/200739Risk Management
Identify Estimates Made Under Previous GAAP that Were in Error1 day?2/9/20072/9/200740Accounting Policy Group
Determine Appropriate Accounting Related to Assets Held For Sale and Discontinued Operations1 day?2/12/20072/12/200741Accounting Policy Group
Determination of Exceptions Complete0 days2/12/20072/12/200742
-Prepare Transition Adjustments and Compile Opening IFRS Balance Sheet8 days?2/13/20072/22/2007
Recognize All Assets and Liabilities Whose Recognition is Required by IFRSs1 day?2/13/20072/13/200743Accounting
Derecognize Assets or Liabilities if IFRSs Do Not Permit Recognition1 day?2/14/20072/14/200745Accounting
Reclassify Assets, Liabilities, or Equity in Accordance with IFRSs1 day?2/15/20072/15/200746Accounting
Apply IFRSs in Measuring All Recognized Assets and Liabilities1 day?2/16/20072/16/200747Accounting
Make Journal Entries Related to Transition Adjustments to Opening Retained Earnings or Other Accounts as Deemed Necessary1 day?2/19/20072/19/200748Accounting
Prepare a Reconciliation Between Equity Reported Under Previous GAAP to Equity Under IFRSs at Date of Transition1 day?2/20/20072/20/200749Accounting Policy Group,Accounting
Review Opening IFRS Balance Sheet1 day?2/21/20072/21/200750CFO/Controller
Submit to External Auditors for Validation and Verification1 day?2/22/20072/22/200751CFO/Controller
Transition Adjustments and Opening IFRS Balance Sheet COMPLETE0 days2/22/20072/22/200752
Preparation of an Opening Balance Sheet at the Date of Transition to IFRS COMPLETE1 day?2/23/20072/23/200753
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