SOLUTION MANUAL q q
Modern Advanced Accounting In Canada,
q q q q
10th Edition By Darrell Herauf, Chima
q q q q q
q Mbagwu,
Chapters 1 - 12, Complete
q q q q q
,
, Chapter 1 q
Conceptual & Case Analysis q q q
q Frameworks for Financial Reporting
q q q
A brief description of the major points covered in each case and
q q q q q q q q q q q
q problem.CASES q
Case q1-1
In qthis qcase, qstudents qare qintroduced qto qthe qdifference qin qaccounting qfor qR&D qcosts
q between qIFRS qand qASPE qand qasked qto qprovide qarguments qto qsupport qthe qdifferent
q standards.
Case q1-2 q (adapted qfrom qa qcase qprepared qby qPeter qSecord, qSaint qMary’s qUniversity)
In qthis qreal qlife qcase, qstudents qare qasked qto qdiscuss qthe qmerits qof qhistorical qcosts qvs.
q replacement qcosts. qActual qnote qdisclosure qfrom qa qcompany’s qfinancial qstatements qis qprovided
q as qbackground qmaterial.
Case q1-3 q (adapted qfrom qa qcase qprepared qby qPeter qSecord, qSaint q Mary’s qUniversity)
, A qCanadian qcompany qhas qjust qacquired qa qnon-controlling qinterest qin qa qU.S. qpublic qcompany. qIt
q must qdecide qwhether qto quse qIFRS qor qU.S. qGAAP qfor qthe qU.S. qsubsidiary. qFinancial qstatement
q information qis qprovided qunder qIFRS qand qU.S. qGAAP. qThe qreasons qfor qsome qof qthe qdifferences
q in qnumbers qmust qbe qexplained qand qan qopinion qprovided qas qto qwhich qmethod qbest qreflects
q economic qreality.
Case q1-4
This qcase qis qadapted qfrom qa qCPA qCanada qcase. qA qprivate qcompany qis qplanning qto qgo qpublic.
q Analysis qand qrecommendations qare qrequired qfor qaccounting qissues qrelated qto qpurchase qand
q installation qof qnew qinformation qsystem, qrevenue qrecognition, qconvertible qdebentures qand
q doubtfulqaccounts qreceivable.
Case q1-5
This qcase qis qadapted qfrom qa qCPA qCanada qcase. q q qA qprivate qcompany qis qplanning qto qtransition
q from qASPE qto q IFRS. qAnalysis qand qrecommendations qare qrequired qfor qaccounting qissues
q related qto qconvertible qdebentures, q unusual qitem, qrevenue qrecognition, qcontingency qand
q impairment.
Modern Advanced Accounting In Canada,
q q q q
10th Edition By Darrell Herauf, Chima
q q q q q
q Mbagwu,
Chapters 1 - 12, Complete
q q q q q
,
, Chapter 1 q
Conceptual & Case Analysis q q q
q Frameworks for Financial Reporting
q q q
A brief description of the major points covered in each case and
q q q q q q q q q q q
q problem.CASES q
Case q1-1
In qthis qcase, qstudents qare qintroduced qto qthe qdifference qin qaccounting qfor qR&D qcosts
q between qIFRS qand qASPE qand qasked qto qprovide qarguments qto qsupport qthe qdifferent
q standards.
Case q1-2 q (adapted qfrom qa qcase qprepared qby qPeter qSecord, qSaint qMary’s qUniversity)
In qthis qreal qlife qcase, qstudents qare qasked qto qdiscuss qthe qmerits qof qhistorical qcosts qvs.
q replacement qcosts. qActual qnote qdisclosure qfrom qa qcompany’s qfinancial qstatements qis qprovided
q as qbackground qmaterial.
Case q1-3 q (adapted qfrom qa qcase qprepared qby qPeter qSecord, qSaint q Mary’s qUniversity)
, A qCanadian qcompany qhas qjust qacquired qa qnon-controlling qinterest qin qa qU.S. qpublic qcompany. qIt
q must qdecide qwhether qto quse qIFRS qor qU.S. qGAAP qfor qthe qU.S. qsubsidiary. qFinancial qstatement
q information qis qprovided qunder qIFRS qand qU.S. qGAAP. qThe qreasons qfor qsome qof qthe qdifferences
q in qnumbers qmust qbe qexplained qand qan qopinion qprovided qas qto qwhich qmethod qbest qreflects
q economic qreality.
Case q1-4
This qcase qis qadapted qfrom qa qCPA qCanada qcase. qA qprivate qcompany qis qplanning qto qgo qpublic.
q Analysis qand qrecommendations qare qrequired qfor qaccounting qissues qrelated qto qpurchase qand
q installation qof qnew qinformation qsystem, qrevenue qrecognition, qconvertible qdebentures qand
q doubtfulqaccounts qreceivable.
Case q1-5
This qcase qis qadapted qfrom qa qCPA qCanada qcase. q q qA qprivate qcompany qis qplanning qto qtransition
q from qASPE qto q IFRS. qAnalysis qand qrecommendations qare qrequired qfor qaccounting qissues
q related qto qconvertible qdebentures, q unusual qitem, qrevenue qrecognition, qcontingency qand
q impairment.
