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ModernAdvancedAccountingInCanada
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mp 10th Edition By Darrell Herauf, Chima
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Mbagwu
Chapters 1 - 12, Complete
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, Chapter1 m
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Conceptual&CaseAnalysisFramewo m
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Abriefdescriptionofthemajorpointscoveredineachcaseandproblem.CA SES
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Case 1-1 mp
In this case, students are introduced to the difference in accounting for R&D costs betwee
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mp nIFRS and ASPE and asked to provide arguments to support the differentSstandards.
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Case 1-2 (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. replacement c osts.
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mp Actual note disclosure from a company’s financial statements is provided as background m aterial.
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Case 1-3 (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. GAAP f
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mp orSthe U.S. subsidiary. Financial statement information is provided under IFRS and U.S. GAAP. Th e
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mp reasons forSsome of the differences in numbers must be explained and an opinion provided as to
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mp which method best reflects economic reality.
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Case 1-4 mp
This case is adapted from a CPA Canada case. A private company is planning to go public. Analy sis
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mp and recommendations are required forSaccounting issues related to purchase and installation
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mp ofSnewSinformation system, revenue recognition, convertible debentures and doubtfulaccounts
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Case 1-5 mp
This case is adapted from a CPA Canada case.
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mp ASPE to IFRS. Analysis and recommendations are required forSaccounting issues related to c
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mp onvertible debentures, unusual item, revenue recognition, contingency and impairment.
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