Modern Advanced Accounting In Canada,
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10th Edition By Darrell Herauf, Chima
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Mbagwu,
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Chapters 1 - 12, Complete
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,
, Chapter 1 si
Conceptual & Case Analysis si si si
si Frameworks for Financial Reporting si si si
A brief description of the major points covered in each case and
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problem.CASES
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Case 1-1 si
In this case, students are introduced to the difference in accounting for R&D costs
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between IFRS and ASPE and asked to provide arguments to support the different
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standards.
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Case 1-2 si s i (adapted from a case prepared by Peter Secord, Saint Mary’s University)
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In this real life case, students are asked to discuss the merits of historical costs vs. replacement
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costs. Actual note disclosure from a company’s financial statements is provided as background
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material.
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Case 1-3 si s i (adapted from a case prepared by Peter Secord, Saint Mary’s University)
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, A Canadian company has just acquired a non-controlling interest in a U.S. public company. It
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must decide whether to use IFRS or U.S. GAAP for the U.S. subsidiary. Financial statement
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information is provided under IFRS and U.S. GAAP. The reasons for some of the differences in
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numbers must be explained and an opinion provided as to which method best reflects economic
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reality.
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Case 1-4 si
This case is adapted from a CPA Canada case. A private company is planning to go public.
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Analysis and recommendations are required for accounting issues related to purchase and
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installation of new information system, revenue recognition, convertible debentures and
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doubtfulaccounts receivable.
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Case 1-5 si
This case is adapted from a CPA Canada case. A private company is planning to transition from
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ASPE to
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convertible debentures, unusual item, revenue recognition, contingency and impairment.
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