Modern Advanced Accounting In Canada,
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10th Edition By Darrell Herauf, Chima
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Mbagwu,
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Chapters 1 - 12, Complete
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, Chapter 1 pq
Conceptual & Case Analysis pq pq pq
Frameworks for Financial Reporting
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A brief description of the major points covered in each case and problem.
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CASES
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Case 1-1 pq
In this case, students are introduced to the difference in accounting for R&D costs between
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IFRS and ASPE and asked to provide arguments to support the different standards.
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Case 1-2 pq p q (adapted from a case prepared by Peter Secord, Saint Mary’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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pq costs. Actual note disclosure from a company’s financial statements is provided as background
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Case 1-3 pq p q (adapted from a case prepared by Peter Secord, Saint Mary’s University)
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, A Canadian company has just acquired a non-controlling interest in a U.S. public company. It
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pq must decide whether to use IFRS or U.S. GAAP for the U.S. subsidiary. Financial statement
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pq information is provided under IFRS and U.S. GAAP. The reasons for some of the differences in
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pq numbers must be explained and an opinion provided as to which method best reflects
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Case 1-4 pq
This case is adapted from a CPA Canada case. A private company is planning to go public.
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pq Analysis and recommendations are required for accounting issues related to purchase and
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pq installation of new information system, revenue recognition, convertible debentures and
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pq doubtfulaccounts receivable.
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Case 1-5 pq
This case is adapted from a CPA Canada case. A private company is planning to transition from
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pq ASPE to pq p q IFRS. Analysis and recommendations are required for accounting issues related to
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pq convertible debentures, unusual item, revenue recognition, contingency and impairment.
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