Modern Advanced Accounting In Canada,
10th Edition By Darrell Herauf, Chima
Mbagwu,
Chapters 1 - 12, Complete Q
,
, ChapterQ1
ConceptualQ&QCaseQAnalysisQFrame
worksQforQFinancialQReporting
AQbriefQdescriptionQofQtheQmajorQpointsQcoveredQinQeachQcaseQandQpro
blem.QCASES
CaseQ1-1
InQthisQcase,QstudentsQareQintroducedQtoQtheQdifferenceQinQaccountingQforQR&DQc
ostsQbetweenQIFRSQandQASPEQandQaskedQtoQprovideQargumentsQtoQsupportQtheQdi
fferentQstandards.
CaseQ1-2Q (adaptedQfromQaQcaseQpreparedQbyQPeterQSecord,QSaintQMary’sQUniversity)
InQthisQrealQlifeQcase,QstudentsQareQaskedQtoQdiscussQtheQmeritsQofQhistoricalQcostsQvs.
QreplacementQcosts.QActualQnoteQdisclosureQfromQaQcompany’sQfinancialQstatementsQisQp
rovidedQasQbackgroundQmaterial.
CaseQ1-3Q (adaptedQfromQaQcaseQpreparedQbyQPeterQSecord,QSaintQ Mary’sQUniversity)
, AQCanadianQcompanyQhasQjustQacquiredQaQnon-
controllingQinterestQinQaQU.S.QpublicQcompany.QItQmustQdecideQwhetherQtoQuseQIFRSQor
QU.S.QGAAPQforQtheQU.S.Qsubsidiary.QFinancialQstatementQinformationQisQprovidedQunder
QIFRSQandQU.S.QGAAP.QTheQreasonsQforQsomeQofQtheQdifferencesQinQnumbersQmustQbe
QexplainedQandQanQopinionQprovidedQasQtoQwhichQmethodQbestQreflectsQeconomicQreali
ty.
CaseQ1-4
ThisQcaseQisQadaptedQfromQaQCPAQCanadaQcase.QAQprivateQcompanyQisQplanningQtoQgo
Qpublic.QAnalysisQandQrecommendationsQareQrequiredQforQaccountingQissuesQrelatedQtoQ
purchaseQandQinstallationQofQnewQinformationQsystem,QrevenueQrecognition,QconvertibleQ
debenturesQandQdoubtfulQaccountsQreceivable.
CaseQ1-5
ThisQcaseQisQadaptedQfromQaQCPAQCanadaQcase.QQQAQprivateQcompanyQisQplanningQto
QtransitionQfromQASPEQtoQ IFRS.QAnalysisQandQrecommendationsQareQrequiredQforQaccou
ntingQissuesQrelatedQtoQconvertibleQdebentures,Q unusualQitem,QrevenueQrecognition,Qconti
ngencyQandQimpairment.