Lead to ensure Financial Accounting and management reporting are in accordance with GAAP, IFRS and organization policy.
More Uses of the IFRS Toolkit:
- Initiate: Financial Reporting management.
- Adhere to corporate accounting policies for Financial Accounting and reporting requirements in relation to IFRS.
- Ensure you can effectively communicate in group settings.
- Confirm your organization ensures that all Internal Control Policies and Procedures are followed.
- Audit: additional knowledge in GAAP, IFRS, and SOX.
- Establish that your organization provides suggestions and support for Process Improvements/efficiencies.
- Confirm your organization performs accounting research to ensure agreements and complex transactions are properly accounted for.
Save time, empower your teams and effectively upgrade your processes with access to this practical IFRS Toolkit and guide. Address common challenges with best-practice templates, step-by-step Work Plans and maturity diagnostics for any IFRS related project.
Download the Toolkit and in Three Steps you will be guided from idea to implementation results.
The Toolkit contains the following practical and powerful enablers with new and updated IFRS specific requirements:
STEP 1: Get your bearings
- The latest quick edition of the IFRS Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.
Organized in a Data Driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…
- Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation
Then find your goals...
STEP 2: Set concrete goals, tasks, dates and numbers you can track
Featuring 991 new and updated case-based questions, organized into seven core areas of Process Design, this Self-Assessment will help you identify areas in which IFRS improvements can be made.
Examples; 10 of the 991 standard requirements:
- Do you agree that a lease defined as a contract in which the right to use a specified asset or assets is conveyed, for a period of time, in exchange for consideration is defined appropriately?
- Have you positioned your organization for success with the right Program Management and governance structure to see the IFRS assessment and conversion through a multi-year process?
- Do your finance, accounting, and corporate officers have access to IFRS analysis that will inform your assessment activities, conversion roadmap, and overall IFRS strategy?
- Is your organization working towards identifying all embedded derivatives that meet the definition by reviewing contracts that may contain corresponding derivatives?
- Which is defined in IFRS as the amount for which an asset may be exchanged for, or a liability settled, between knowledgeable parties in an arms-length transaction?
- When considering the impact of incorporating forward-looking macroeconomic information on your stage allocation process, which approaches are you planning to take?
- Have plans been developed for producing additional disclosure notes outlining the effect of the adoption of IFRS, including , where the adjustments are material?
- How are contracts that may be settled in cash or shares (at the option of your organization) treated for the IFRS calculation of diluted earnings per share?
- Is there additional information that would be useful to investors that should be included in the disclosure of operating and financial review and prospects?
- How does the current level of concentration among international audIT Organizations affect the quality of auditing and Financial Reporting in the future?
Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:
- The workbook is the latest in-depth complete edition of the IFRS book in PDF containing 991 requirements, which criteria correspond to the criteria in...
Your IFRS self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:
- The Self-Assessment Excel Dashboard; with the IFRS Self-Assessment and Scorecard you will develop a clear picture of which IFRS areas need attention, which requirements you should focus on and who will be responsible for them:
- Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
- Gives you a professional Dashboard to guide and perform a thorough IFRS Self-Assessment
- Is secure: Ensures offline Data Protection of your Self-Assessment results
- Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:
STEP 3: Implement, Track, follow up and revise strategy
The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage IFRS projects with the 62 implementation resources:
- 62 step-by-step IFRS Project Management Form Templates covering over 1500 IFRS project requirements and success criteria:
Examples; 10 of the check box criteria:
- Responsibility Assignment Matrix: All cwbs elements specified for external reporting?
- Project Scope Statement: Will all IFRS project issues be unconditionally tracked through the Issue Resolution process?
- Activity Duration Estimates: Is the work performed reviewed against contractual objectives?
- Stakeholder Management Plan: Do IFRS Project Managers participating in the IFRS project know the IFRS projects true status first hand?
- Procurement Audit: Are review meetings organized during contract execution and do they meet demand?
- Schedule Management Plan: Is funded schedule margin reasonable and logically distributed?
- Activity Duration Estimates: What are the three main outputs of Quality Control?
- Probability and Impact Assessment: Are there new risks that mitigation strategies might introduce?
- Team Performance Assessment: To what degree are the skill areas critical to team performance present?
- Lessons Learned: Was sufficient advance training conducted and/or information provided to enable the already stated affected by the changes to adjust to and accommodate them?
Step-by-step and complete IFRS Project Management Forms and Templates including check box criteria and templates.
1.0 Initiating Process Group:
- 1.1 IFRS project Charter
- 1.2 Stakeholder Register
- 1.3 Stakeholder Analysis Matrix
2.0 Planning Process Group:
- 2.1 IFRS Project Management Plan
- 2.2 Scope Management Plan
- 2.3 Requirements Management Plan
- 2.4 Requirements Documentation
- 2.5 Requirements Traceability Matrix
- 2.6 IFRS project Scope Statement
- 2.7 Assumption and Constraint Log
- 2.8 Work Breakdown Structure
- 2.9 WBS Dictionary
- 2.10 Schedule Management Plan
- 2.11 Activity List
- 2.12 Activity Attributes
- 2.13 Milestone List
- 2.14 Network Diagram
- 2.15 Activity Resource Requirements
- 2.16 Resource Breakdown Structure
- 2.17 Activity Duration Estimates
- 2.18 Duration Estimating Worksheet
- 2.19 IFRS project Schedule
- 2.20 Cost Management Plan
- 2.21 Activity Cost Estimates
- 2.22 Cost Estimating Worksheet
- 2.23 Cost Baseline
- 2.24 Quality Management Plan
- 2.25 Quality Metrics
- 2.26 Process Improvement Plan
- 2.27 Responsibility Assignment Matrix
- 2.28 Roles and Responsibilities
- 2.29 Human Resource Management Plan
- 2.30 Communications Management Plan
- 2.31 Risk Management Plan
- 2.32 Risk Register
- 2.33 Probability and Impact Assessment
- 2.34 Probability and Impact Matrix
- 2.35 Risk Data Sheet
- 2.36 Procurement Management Plan
- 2.37 Source Selection Criteria
- 2.38 Stakeholder Management Plan
- 2.39 Change Management Plan
3.0 Executing Process Group:
- 3.1 Team Member Status Report
- 3.2 Change Request
- 3.3 Change Log
- 3.4 Decision Log
- 3.5 Quality Audit
- 3.6 Team Directory
- 3.7 Team Operating Agreement
- 3.8 Team Performance Assessment
- 3.9 Team Member Performance Assessment
- 3.10 Issue Log
4.0 Monitoring and Controlling Process Group:
- 4.1 IFRS project Performance Report
- 4.2 Variance Analysis
- 4.3 Earned Value Status
- 4.4 Risk Audit
- 4.5 Contractor Status Report
- 4.6 Formal Acceptance
5.0 Closing Process Group:
- 5.1 Procurement Audit
- 5.2 Contract Close-Out
- 5.3 IFRS project or Phase Close-Out
- 5.4 Lessons Learned
With this Three Step process you will have all the tools you need for any IFRS project with this in-depth IFRS Toolkit.
In using the Toolkit you will be better able to:
- Diagnose IFRS projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
- Implement evidence-based best practice strategies aligned with overall goals
- Integrate recent advances in IFRS and put Process Design strategies into practice according to best practice guidelines
Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.
Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'
This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make IFRS investments work better.
This IFRS All-Inclusive Toolkit enables You to be that person.
Includes lifetime updates
Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.