SOLUTION,MANUAL,
Modern,Advanced,Accounting,In,Canada,
10th,Edition,By,Darrell,Herauf,,Chima,Mbagwu
,
Chapters,1,-,12,,Complete,
,
, Chapter,1
Conceptual,&,Case,Analysis,Framewo
rks,for,Financial,Reporting
A,brief,description,of,the,major,points,covered,in,each,case,and,problem.,CAS
ES
Case,1-1
In,this,case,,students,are,introduced,to,the,difference,in,accounting,for,R&D,costs,between,I
FRS,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,co
sts.,Actual,note,disclosure,from,a,company’s,financial,statements,is,provided,as,background,mat
erial.
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,re
asons,for,some,of,the,differences,in,numbers,must,be,explained,and,an,opinion,provided,as,to,w
hich,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.,Analysi
s,and,recommendations,are,required,for,accounting,issues,related,to,purchase,and,installation,of
,new,information,system,,revenue,recognition,,convertible,debentures,and,doubtful,accounts,rece
ivable.
Case,1-5
This,case,is,adapted,from,a,CPA,Canada,case.,,,A,private,company,is,planning,to,transition,from,A
SPE,to, IFRS.,Analysis,and,recommendations,are,required,for,accounting,issues,related,to,convert
ible,debentures,, unusual,item,,revenue,recognition,,contingency,and,impairment.
Modern,Advanced,Accounting,In,Canada,
10th,Edition,By,Darrell,Herauf,,Chima,Mbagwu
,
Chapters,1,-,12,,Complete,
,
, Chapter,1
Conceptual,&,Case,Analysis,Framewo
rks,for,Financial,Reporting
A,brief,description,of,the,major,points,covered,in,each,case,and,problem.,CAS
ES
Case,1-1
In,this,case,,students,are,introduced,to,the,difference,in,accounting,for,R&D,costs,between,I
FRS,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,co
sts.,Actual,note,disclosure,from,a,company’s,financial,statements,is,provided,as,background,mat
erial.
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,re
asons,for,some,of,the,differences,in,numbers,must,be,explained,and,an,opinion,provided,as,to,w
hich,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.,Analysi
s,and,recommendations,are,required,for,accounting,issues,related,to,purchase,and,installation,of
,new,information,system,,revenue,recognition,,convertible,debentures,and,doubtful,accounts,rece
ivable.
Case,1-5
This,case,is,adapted,from,a,CPA,Canada,case.,,,A,private,company,is,planning,to,transition,from,A
SPE,to, IFRS.,Analysis,and,recommendations,are,required,for,accounting,issues,related,to,convert
ible,debentures,, unusual,item,,revenue,recognition,,contingency,and,impairment.
