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