Solution Manual for International Financial Management, 10th Edition by Cheol Eun, Bruce Resnick and Tuugi Chuluun Chapter 1-21

Solution Manual for Intermediate Accounting (Volume 2),
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8th Canadian Edition By Thomas H. Beechy, Joan E. Conrod /
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Verified All Chapters (12 - 22)Complete
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,Solution Manual for p p



Intermediate Accounting Volume 2 8th Edition Thomas H. Beechy, Joan
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pE. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee
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pSevel Chapter 12-22
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Chapter 12: Financial Liabilities and Provisions
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Case 12-1 Winter Fun Incorporated
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12-2 Prescriptions Depot Limited p p


12-3 Camani Corporation p


Suggested Timep


Technical Review
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TR12-1 Financial liabilities and provisions (IFRS) ............10
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TR12-2 Financial liabilities and provisions (ASPE) ...........10
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TR12-3 Provision, measurement...................................
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TR12-4 Guarantee .........................................................
p 10
TR12-5 Provision, warranty..........................................
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TR12-6 Foreign currency ..............................................
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TR12-7 Note payable ....................................................
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TR12-8 Discounting, note payable................................
p p10
TR12-9 Discounting, provision.....................................
p 10
TR12-10 p Classification, liabilities...................................
p 10

Assignment A12-1 p Financial versus non-financial liabilities…….
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A12-2 Common financial liabilities…………………
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A12-3 Common financial liabilities............................
p p 10
A12-4 Common financial liabilities: taxes .................
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A12-5 Common financial liabilities: taxes ................
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A12-6 Foreign currency payables…………………….
p p 10
A12-7 Foreign currency payables ...............................
p p p 10
A12-8 Common financial liabilities and foreign
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currency
A12-9 Provisions......................................................... 20
A12-10 Provisions ........................................................
p 20
A12-11 Provisions......................................................... 20
A12-12 Provision measurement....................................
p 15
A12-13 Provision measurement....................................
p 15
A12-14 Provisions; compensated absences…………... p p 15
A12-15 Provisions; compensated absences ..................
p p p 15
A12-16 Provisions; warranty ........................................
p p 15
A12-17 Provisions; warranty .......................................
p p 20
A12-18 Provisions; warranty .......................................
p p 25
A12-19 Discounting; no-interest note...........................
p p 15

Solutions Manual to accompany Intermediate Accounting, Volume 2, 8th edition 14-2

, A12-20 Discounting; low-interest note ........................ p p p 20
A12-21 Discounting; low-interest note......................... p p 20
A12-22 Discounting; provision..................................... p 15
A12-23 Discounting; provision..................................... p 25
A12-24 Discounting; provision..................................... p 25
A12-25 Classification and SCF..................................... p p 20
A12-26 SCF ..................................................................
p 20
A12-27 Liabilities – IFRS and ASPE .......................... p p p p p 10
A12-28 Liabilities - ASPE ........................................... p p p 20
A12-29 Liabilities - ASPE ............................................ p p p 20
A12-30 Provisions/Contingencies – IFRS and ASPE….
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A12-31 DAIS – warranty provision trend……………... p p p p 15
A12-32 DAIS – provision for coupon refund………… p p p p p 15




Cases

Case 12-1 (LO12.3, LO12.5, LO12.6)
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Winter Fun Incorporated
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To: Members of Board of Directors
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From: Accounting Consultant
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RE: Winter Fun Incorporated
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Overview

Winter Fun Incorporated (WFI) uses IFRS for financial reporting. The bank loan
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has a minimum current ratio so you will need to be careful and watch for any
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impacts on the ratio. You have had a tough year this year and faced a loss so the
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bank financing is critical to your operations.
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Issues

1. Revenue recognition memberships p p


2. Revenue recognition guests p p


3. Special promotions p


4. Coupons
5. Manufacturer Loan p


6. Lawsuit
7. Warranty
8. Gasoline storage tanks p p


9. Foreign currency payables p p


10. Compensated absences p

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Solutions Manual to accompany Intermediate Accounting, Volume 2, 8th edition 14-4