accounting case

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:

http://www.pmdocuments.com/project-planning-documents/project-management-plan-document/

http://www.projectmanagementdocs.com/project-planning-templates/project-management-plan.html#axzz3q0TlRXKZ

http://www.energy.gov/management/downloads/sample-project-execution-plan

https://www.pwc.com/us/en/issues/ifrs-reporting/assets/pwc-ifrs-implementation-guide.pdf

http://www.ifrs.com/pdf/10414-378_ifrs_it_white_paper_web_final.pdf

http://www.isaca.org/Journal/archives/2011/Volume-3/Pages/Questions-That-Must-Be-Addressed-for-a-SuccessfulI-FRS-Implementation.aspx

http://www.journalofaccountancy.com/issues/2009/apr/preparerspointofview.html

http://www.resourcesglobal.com/index.php/client-services/ifrs/consulting-and-support/success-stories

Company name is Chevron