Solution manual for modern advanced accounting in canada 9th edition hilton murray.pdf

SOLUTIONMANUAL B




ModernAdvancedAccountingInCanada
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10thEditionByDarrellHerauf,Chima
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Mbagwu
Chapters1 -12, Complete
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,
, Chapter1 B




Conceptual&CaseAnalysisFramewo B B B B




rksforFinancialReporting B B B B




Abriefdescriptionofthemajorpointscoveredineachcaseandproblem.CA SES
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Case 1-1 B




In this case, students are introduced to the difference in accounting for R&D costs betwee nIFRS
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B and ASPE and asked to provide arguments to support the differentSstandards.
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Case 1-2 (adapted froma caseprepared 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 c osts.
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B Actual note disclosure from a company’s financial statements is provided as background m aterial.
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Case 1-3 (adapted froma 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 orSthe
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B U.S. subsidiary. Financial statement information is provided under IFRS and U.S. GAAP. Th e reasons
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B forSsome of the differences in numbers must be explained and an opinion provided as to which method
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B best reflects economic reality.
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Case 1-4 B




This case is adapted from a CPA Canada case. A private company is planning to go public. Analy sis and
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B recommendations are required forSaccounting issues related to purchase and installation
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B ofSnewSinformation system, revenue recognition, convertible debentures and doubtfulaccounts
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B receivable.


Case 1-5 B




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