Intermediate accounting volume 2 8th edition
by Thomas H. Beechy and Joan E. Conrod
All Chapters 12-22 Covered
©N2022NMcGrawNHillNLtd.NAllNrightsNreserve
SolutionsNManualNtoNaccompanyNIntermediateNAccounting,NVolumeN2,N8thN editi d.
on 14-1
, TABLE OF CONTENT
N N
VOLUMEN2
ChapterN12:NFinancialNLiabilitiesNandNProvisions
ChapterN13:NFinancialNInstruments:NLong-TermNDebt
ChapterN14:NShareholders'NEquity
ChapterN15:NFinancialNInstruments:NComplexNDebtNandNEquity
ChapterN16:NCorporateNIncomeNTax
ChapterN17:NTaxNLosses
ChapterN18:NLeases
ChapterN19:NPost-EmploymentNBenefits
ChapterN20:NEarningsNperNShare
ChapterN21:NAccountingNChanges
ChapterN22:NFinancialNStatementNAnalysis
SolutionsNManualNtoNaccompanyNIntermediateNAccounting,NVolumeN2,N8thN editi 14-2
on
,Intermediate Accounting Volume 2 8th Edition Thomas H. Beechy, Joan E. Conrod,
N N N N
N
N N N N N N N
Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel Chapter 12-22
N N N N N N N N N
Chapter 12: Financial Liabilities and Provisions
N N N N N
Case 12-1 WinterNFunNIncorporated
12-2 PrescriptionsNDepotNLimited
12-3 CamaniNCorporation
SuggestedNTime
TechnicalNReview
TR12-1 FinancialNliabilitiesNandNprovisionsN(IFRS)N...... 10
TR12-2 FinancialNliabilitiesNandNprovisionsN(ASPE)N..... 10
TR12-3 Provision,NmeasurementN................................... 10
TR12-4 GuaranteeN......................................................... 10
TR12-5 Provision,NwarrantyN.......................................... 5
TR12-6 ForeignNcurrencyN.............................................. 5
TR12-7 NoteNpayableN.................................................... 5
TR12-8 Discounting,NnoteNpayable................................ 10
TR12-9 Discounting,NprovisionN..................................... 10
TR12-10 Classification,Nliabilities................................... 10
AssignmentNA12-1 FinancialNversusNnon-financialNliabilities……. 10
A12-2 CommonNfinancialNliabilities………………… 10
A12-3 CommonNfinancialNliabilities............................ 10
A12-4 CommonNfinancialNliabilities:NtaxesN................. 20
A12-5 CommonNfinancialNliabilities:NtaxesN ................ 20
A12-6 ForeignNcurrencyNpayables……………………. 10
A12-7 ForeignNcurrencyNpayablesN............................... 10
A12-8 CommonNfinancialNliabilitiesNandNforeignNcurrency 25
A12-9 Provisions......................................................... 20
A12-10 ProvisionsN........................................................ 20
A12-11 Provisions......................................................... 20
A12-12 ProvisionNmeasurementN.................................... 15
A12-13 ProvisionNmeasurementN.................................... 15
A12-14 Provisions;NcompensatedNabsences…………... 15
A12-15 Provisions;NcompensatedNabsencesN.................. 15
A12-16 Provisions;NwarrantyN........................................ 15
A12-17 Provisions;NwarrantyN ....................................... 20
A12-18 Provisions;NwarrantyN ....................................... 25
A12-19 Discounting;Nno-interestNnoteN........................... 15
©N2022NMcGrawNHillNLtd.NAllNrightsNreserve
SolutionsNManualNtoNaccompanyNIntermediateNAccounting,NVolumeN2,N8thN editi d.
on 14-3
, A12-20 Discounting;Nlow-interestNnoteN ........................ 20
A12-21 Discounting;Nlow-interestNnoteN......................... 20
A12-22 Discounting;Nprovision..................................... 15
A12-23 Discounting;Nprovision..................................... 25
A12-24 Discounting;Nprovision..................................... 25
A12-25 ClassificationNandNSCF..................................... 20
A12-26 SCFN.................................................................. 20
A12-27 LiabilitiesN–NIFRSNandNASPEN .......................... 10
A12-28 LiabilitiesN-NASPEN ........................................... 20
A12-29 LiabilitiesN-NASPEN............................................ 20
A12-30 Provisions/ContingenciesN–NIFRSNandNASPE…. 20
A12-31 DAISN–NwarrantyNprovisionNtrend……………... 15
A12-32 DAISN–NprovisionNforNcouponNrefund………… 15
Cases
CaseN12-1N(LO12.3,NLO12.5,NLO12.6)
WinterNFunNIncorporated
To:NMembersNofNBoardNofNDirectorsNFro
m:NAccountingNConsultant
RE:NWinterNFunNIncorporated
Overview
WinterNFunNIncorporatedN(WFI)NusesNIFRSNforNfinancialNreporting.NTheNbankNloanNhasNaNmi
nimumNcurrentNratioNsoNyouNwillNneedNtoNbeNcarefulNandNwatchNforNanyNimpactsNonNtheNra
tio.NYouNhaveNhadNaNtoughNyearNthisNyearNandNfacedNaNlossNsoNtheNbankNfinancingNisNcritical
NtoNyourNoperations.
Issues
1. RevenueNrecognitionNmemberships
2. RevenueNrecognitionNguests
3. SpecialNpromotions
4. Coupons
5. ManufacturerNLoan
6. Lawsuit
7. Warranty
8. GasolineNstorageNtanks
9. ForeignNcurrencyNpayables
SolutionsNManualNtoNaccompanyNIntermediateNAccounting,NVolumeN2,N8thN editi 14-4
on