Solution Manual for Intermediate Accounting (Volume 2), 8th Canadian Edition By Thomas H. Beechy, Joan E. Conrod / Verified All Chapters (12 - 22)Complete Newest Version A+

Solution Manual for Intermediate Accounting (Volume 2),
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8th Canadian Edition By Thomas H. Beechy, Joan E. Conrod /
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Verified All Chapters (12 - 22)Complete
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Intermediate Accounting Volume 2 8th Edition Thomas H. Beechy,
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Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka,
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Romi-Lee Sevel Chapter 12-22
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Chapter 12: Financial Liabilities and Provisions
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Case 12-1 Winter Fun Incorporated
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12-2 Prescriptions Depot Limited ty ty


12-3 Camani Corporation
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Suggested Time
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Technical Review
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TR12-1 Financial liabilities and provisions (IFRS) ........... 10
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TR12-2 Financial liabilities and provisions (ASPE) ......... 10
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TR12-3 Provision, measurement...................................
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TR12-4 Guarantee .........................................................
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TR12-5 Provision, warranty..........................................
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TR12-6 Foreign currency ..............................................
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TR12-7 Note payable ....................................................
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TR12-8 Discounting, note payable................................
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TR12-9 Discounting, provision.....................................
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TR12-10 tyClassification, liabilities...................................
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Assignment A12-1 y
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A12-2 Common financial liabilities…………………
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A12-3 Common financial liabilities............................
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A12-4 Common financial liabilities: taxes .................
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A12-5 Common financial liabilities: taxes ................
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A12-6 Foreign currency payables…………………….
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A12-7 Foreign currency payables ...............................
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A12-8 Common financial liabilities and foreign
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currency
A12-9 Provisions......................................................... 20
A12-10 Provisions ........................................................
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A12-11 Provisions......................................................... 20
A12-12 Provision measurement....................................
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A12-13 Provision measurement....................................
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A12-14 Provisions; compensated absences…………... ty ty 15
A12-15 Provisions; compensated absences ..................
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A12-16 Provisions; warranty ........................................
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A12-17 Provisions; warranty .......................................
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A12-18 Provisions; warranty .......................................
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A12-19 Discounting; no-interest note...........................
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, A12-20 Discounting; low-interest note ........................ ty ty ty 20
A12-21 Discounting; low-interest note......................... ty ty 20
A12-22 Discounting; provision..................................... ty 15
A12-23 Discounting; provision..................................... ty 25
A12-24 Discounting; provision..................................... ty 25
A12-25 Classification and SCF..................................... ty ty 20
A12-26 SCF ..................................................................
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A12-27 Liabilities – IFRS and ASPE .......................... ty ty ty ty t y 10
A12-28 Liabilities - ASPE ........................................... ty ty t y 20
A12-29 Liabilities - ASPE ............................................ ty ty ty 20
A12-30 Provisions/Contingencies – IFRS and ASPE….
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A12-31 DAIS – warranty provision trend……………... ty ty ty ty 15
A12-32 DAIS – provision for coupon refund………… ty ty ty ty ty 15




Cases

Case 12-1 (LO12.3, LO12.5, LO12.6)
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Winter Fun Incorporated ty ty




To: Members of Board of Directors
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From: Accounting Consultant
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RE: Winter Fun Incorporated
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Overview

Winter Fun Incorporated (WFI) uses IFRS for financial reporting. The bank loan
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has a minimum current ratio so you will need to be careful and watch for any
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impacts on the ratio. You have had a tough year this year and faced a loss so
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the bank financing is critical to your operations.
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Issues

1. Revenue recognition memberships ty ty


2. Revenue recognition guests ty ty


3. Special promotions ty


4. Coupons
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6. Lawsuit
7. Warranty
8. Gasoline storage tanks ty ty


9. Foreign currency payables ty ty


10. Compensated absences ty

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