Crucial 2012 Annual Report Download - page 286

41
INOTERA MEMORIES, INC.
NOTES TO FINANCIAL STATEMENTS
(Continued)
of this plan is the Vice President - finance of the Company. Among of the key components of the plan, anticipated
schedule and status of execution as of December 31, 2011were as follows:
Contents of Plan Responsible Department Status of Execution
1. Access phase
(2010.1.1~2011.12.31)
1.1. Set up IFRS adoption
plan and project team Accounting department Completed
1.2. First phase of process
internal training Accounting department Completed
1.3. Comparison and analysis
of the differences
between current
accounting polices and
IFRSs Accounting department Completed
1.4. Assessment of current
accounting policies to
identify possible IFRSs
adjustments Accounting department Completed
1.5. Assessment of the impact
of first time adoption of
IFRSs Accounting department Completed
1.6. Assessment of related
information system and
internal controls to
identify possible
adjustments Internal auditors and information system department Completed
2. Preparation phase
(2011.1.1~2012.12.31)
2.1. Determine how the
current accounting
policies will be adjusted
to conform to IFRSs Accounting department Completed
2.2. Determine how the first
time adoption to IFRSs
shall be complied with. Accounting department Completed
2.3. Adjustment of related
information system and
internal controls Internal auditors and
information system department Completed
2.4. Second phase of
employees internal
training Accounting department Completed