IFRS Quick Links

IFRS Readiness Assessment

Name

Do you know the timeline when your organization is required to comply with IFRS?

Yes No

Do you have multiple companies, locations, and/or legal entities?

Yes No

Do any of your subsidiaries already comply with IFRS in other countries?

Yes No

Have you formulated a project team to address IFRS transition for your organization, encompassing all affected functional areas (Tax, Treasury, FP&A, Financial Consolidation, Purchasing, IT)?

Yes No

Do you have internal resources with IFRS experience?

Yes No

Is there an internal communication plan in place to update key stakeholders (ie analysts, board) and help them understand the impact of IFRS on your key financial indicators?

Yes No

Do you have more than one General Ledger to consolidate?

Yes No

Have you completed or planned a diagnostic report or assessment of your current systems?

Yes No

Do you know the key areas of your organization impacted by IFRS (ie Inventory, capital assets, Segment reporting, valuations, etc.)?

Yes No

Have you determined the method of parallel tracking GAAP and IFRS for the transition year (fiscal 2010 for Canadian companies)?

Yes No

Have you identified the tool to reconcile financial results between GAAP and IFRS?

Yes No

Do you use a CPM software application (not Excel) to do your Monthly Consolidated Reporting?

Yes No

IFRS Quick Links

IFRS Readiness Assessment

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