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

SOLUTION MANUAL x@




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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Conceptual&Case Analysis Framewo rk @
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s for Financial Reporting x@ x@ x@




A brief description of the major points covered in each case and problem.
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CA SES x@




Case 1-1 x@




In this case, students are introduced to the difference in accounting for R&D costs
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betwee nIFRS and ASPE and asked to provide arguments to support the differentSst
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andards.


Case 1-2 x@ x @ (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. replac
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ement c osts. Actual note disclosure from a company’s financial statements is provided as
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x@ background m aterial. x@ x@




Case 1-3 x@ x @ (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.
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GAAP f orSthe U.S. subsidiary. Financial statement information is provided under IFRS and
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@ U.S. GAAP. Th e reasons forSsome of the differences in numbers must be explained and
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an opinion provided as to which method best reflects economic reality.
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Case 1-4 x@




This case is adapted from a CPA Canada case. A private company is planning to go publ
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ic. Analy sis and recommendations are required forSaccounting issues related to purchase
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and installation ofSnewSinformation system, revenue recognition, convertible debentures an
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d doubtfulaccounts receivable.
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Case 1-5 x@




This case is adapted from a CPA Canada case.
x@ x@ x@ x@ x@ x@ x@ x@ x @ A private company is planning to trans
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ition fro m ASPE to IFRS. Analysis and recommendations are required forSaccounting iss
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ues related to c onvertible debentures, unusual item, revenue recognition, contingency a
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nd impairment.
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