Solution Manual for Modern Advanced Accounting In Canada 10th Edition By Hilton Murray, Herauf Darrell

SOLUTION MANUAL Xt




Modern Advanced Accounting In Canada,
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10th Edition By Darrell Herauf, Chima
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Mbagwu
Chapters 1 - 12, Complete
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,
, Chapter1 X
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Conceptual&CaseAnalysisFramewo rk X
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A brief description of the major points covered in each case and problem.CA S
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ES

Case 1-1 Xt




In this case, students are introduced to the difference in accounting for R&D costs betw
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ee 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
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c osts. Actual note disclosure from a company’s financial statements is provided as backgroun
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d 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
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f orSthe U.S. subsidiary. Financial statement information is provided under IFRS and U.S. GAAP.
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Th e reasons forSsome of the differences in numbers must be explained and an opinion provid
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ed as to which method best reflects economic reality.
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Case 1-4 Xt




This case is adapted from a CPA Canada case. A private company is planning to go public. Ana
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ly sis and recommendations are required forSaccounting issues related to purchase and installa
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tion ofSnewSinformation system, revenue recognition, convertible debentures and doubtfulacco
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unts receivable.Xt




Case 1-5 Xt




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