SOLUTION MANUAL
Modern Advanced Accounting In Canada,
10th Edition By Darrell Herauf, Chima
Mbagwu,
Chapters 1 - 12, Complete
,
, Chapter 1 j
Conceptual & Case Analysis j j j j
Frameworks for Financial Reporting
j j j
Aj briefj descriptionj ofj thej majorj pointsj coveredj inj eachj casej andj problem.j
CASES
Casej 1-1
Inj thisj case,j studentsj arej introducedj toj thej differencej inj accountingj forj R&Dj costsj
betweenj IFRSj andj ASPEj andj askedj toj providej argumentsj toj supportj thej differentj
standards.
Casej 1-2j (adaptedj fromj aj casej preparedj byj Peterj Secord,j Saintj Mary’sj University)
Inj thisj realj lifej case,j studentsj arej askedj toj discussj thej meritsj ofj historicalj costsj vs.j
replacementj costs.j Actualj notej disclosurej fromj aj company’sj financialj statementsj isj providedj
asj backgroundj material.
Casej 1-3j (adaptedj fromj aj casej preparedj byj Peterj Secord,j Saintj Mary’sj University)
, Aj Canadianj companyj hasj justj acquiredj aj non-controllingj interestj inj aj U.S.j publicj company.j Itj
mustj decidej whetherj toj usej IFRSj orj U.S.j GAAPj forj thej U.S.j subsidiary.j Financialj statementj
informationj isj providedj underj IFRSj andj U.S.j GAAP.j Thej reasonsj forj somej ofj thej differencesj
inj numbersj mustj bej explainedj andj anj opinionj providedj asj toj whichj methodj bestj reflectsj
economicj reality.
Casej 1-4
Thisj casej isj adaptedj fromj aj CPAj Canadaj case.j Aj privatej companyj isj planningj toj goj public.j
Analysisj andj recommendationsj arej requiredj forj accountingj issuesj relatedj toj purchasej andj
installationj ofj newj informationj system,j revenuej recognition,j convertiblej debenturesj andj
doubtfuljaccountsj receivable.
Casej 1-5
Thisj casej isj adaptedj fromj aj CPAj Canadaj case.j j j Aj privatej companyj isj planningj toj transitionj
fromj ASPEj toj IFRS.j Analysisj andj recommendationsj arej requiredj forj accountingj issuesj
relatedj toj convertiblej debentures,j unusualj item,j revenuej recognition,j contingencyj andj
impairment.
Modern Advanced Accounting In Canada,
10th Edition By Darrell Herauf, Chima
Mbagwu,
Chapters 1 - 12, Complete
,
, Chapter 1 j
Conceptual & Case Analysis j j j j
Frameworks for Financial Reporting
j j j
Aj briefj descriptionj ofj thej majorj pointsj coveredj inj eachj casej andj problem.j
CASES
Casej 1-1
Inj thisj case,j studentsj arej introducedj toj thej differencej inj accountingj forj R&Dj costsj
betweenj IFRSj andj ASPEj andj askedj toj providej argumentsj toj supportj thej differentj
standards.
Casej 1-2j (adaptedj fromj aj casej preparedj byj Peterj Secord,j Saintj Mary’sj University)
Inj thisj realj lifej case,j studentsj arej askedj toj discussj thej meritsj ofj historicalj costsj vs.j
replacementj costs.j Actualj notej disclosurej fromj aj company’sj financialj statementsj isj providedj
asj backgroundj material.
Casej 1-3j (adaptedj fromj aj casej preparedj byj Peterj Secord,j Saintj Mary’sj University)
, Aj Canadianj companyj hasj justj acquiredj aj non-controllingj interestj inj aj U.S.j publicj company.j Itj
mustj decidej whetherj toj usej IFRSj orj U.S.j GAAPj forj thej U.S.j subsidiary.j Financialj statementj
informationj isj providedj underj IFRSj andj U.S.j GAAP.j Thej reasonsj forj somej ofj thej differencesj
inj numbersj mustj bej explainedj andj anj opinionj providedj asj toj whichj methodj bestj reflectsj
economicj reality.
Casej 1-4
Thisj casej isj adaptedj fromj aj CPAj Canadaj case.j Aj privatej companyj isj planningj toj goj public.j
Analysisj andj recommendationsj arej requiredj forj accountingj issuesj relatedj toj purchasej andj
installationj ofj newj informationj system,j revenuej recognition,j convertiblej debenturesj andj
doubtfuljaccountsj receivable.
Casej 1-5
Thisj casej isj adaptedj fromj aj CPAj Canadaj case.j j j Aj privatej companyj isj planningj toj transitionj
fromj ASPEj toj IFRS.j Analysisj andj recommendationsj arej requiredj forj accountingj issuesj
relatedj toj convertiblej debentures,j unusualj item,j revenuej recognition,j contingencyj andj
impairment.
