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