SOLUTION MANUAL Modern Advanced Accounting In Canada, 10th Edition By Darrell Herauf, Chima Mbagwu, Chapters 1 - 12, Complete

SOLUTION MANUAL xs




Modern Advanced Accounting In Canada,
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10th Edition By Darrell Herauf, Chima
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Mbagwu
Chapters 1 - 12, Complete
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,
, Chapter1 sx




Conceptual&CaseAnalysisFramewo rk sx sx sx sx xs




s for Financial Reporting xs xs xs




A brief description of the major points covered in each case and problem.CA S
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ES

Case 1-1 xs




In this case, students are introduced to the difference in accounting for R&D costs betwe
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e nIFRS and ASPE and asked to provide arguments to support the differentSstandards.
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Case 1-2 (adapted from a case prepared by PeterSSecord, SaintSMary’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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s c osts. Actual note disclosure from a company’s financial statements is provided as backgroun
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d m aterial.
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Case 1-3 (adapted from a case prepared by Peter Secord, Saint Mary’s University)
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, A Canadian companyShas just acquired a non-
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controlling interest in a U.S. public company. It must decide whether to use IFRS orSU.S. GAAP f
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xs orSthe U.S. subsidiary. Financial statement information is provided under IFRS and U.S. GAAP. T
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h e reasons forSsome of the differences in numbers must be explained and an opinion provide
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d as to which method best reflects economic reality.
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Case 1-4 xs




This case is adapted from a CPA Canada case. A private company is planning to go public. Anal
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y sis and recommendations are required forSaccounting issues related to purchase and installati
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on ofSnewSinformation system, revenue recognition, convertible debentures and doubtfulaccou
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nts receivable.
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Case 1-5 xs




This case is adapted from a CPA Canada case.
xs xs xs xs xs xs xs xs x s A private company is planning to transition fr
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o m ASPE to IFRS. Analysis and recommendations are required forSaccounting issues related t
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o c onvertible debentures, unusual item, revenue recognition, contingency and impairment.
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