SOLUTION MANUAL
Modern Advanced Accounting In Canada,
10th Edition By Herauf and Mbagwu,
all Chapters 1-12
,
, Chapter 1 e
Conceptual & Case Analysis Framewo
e e e e
rks for Financial Reporting
e e e
A brief description of the major points covered in each case and problem.CAS
e e e e e e e e e e e e e
ES
Casee1-1
Inethisecase,estudentseareeintroducedetoetheedifferenceeineaccountingeforeR&DecostsebetweeneI
FRSeandeASPEeandeaskedetoeprovideeargumentsetoesupportetheedifferentestandards.
Casee1-2e (adaptedefromeaecaseepreparedebyePetereSecord,eSainteMary’seUniversity)
Inethiserealelifeecase,estudentseareeaskedetoediscussetheemeritseofehistoricalecostsevs.ereplacementeco
sts.eActualenoteedisclosureefromeaecompany’sefinancialestatementseiseprovidedeasebackgroundemat
erial.
Casee1-3e (adaptedefromeaecaseepreparedebyePetereSecord,eSainte Mary’seUniversity)
, AeCanadianecompanyehasejusteacquiredeaenon-
controllingeinteresteineaeU.S.epublicecompany.eItemustedecideewhetheretoeuseeIFRSeoreU.S.eGAAPefore
theeU.S.esubsidiary.eFinancialestatementeinformationeiseprovidedeundereIFRSeandeU.S.eGAAP.eTheere
asonseforesomeeofetheedifferenceseinenumbersemustebeeexplainedeandeaneopinioneprovidedeasetoew
hichemethodebestereflectseeconomicereality.
Casee1-4
ThisecaseeiseadaptedefromeaeCPAeCanadaecase.eAeprivateecompanyeiseplanningetoegoepublic.eAnalysi
seanderecommendationseareerequiredeforeaccountingeissueserelatedetoepurchaseeandeinstallationeof
e neweinformationesystem,erevenueerecognition,econvertibleedebentureseandedoubtfuleaccountserece
ivable.
Casee1-5
ThisecaseeiseadaptedefromeaeCPAeCanadaecase.eeeAeprivateecompanyeiseplanningetoetransitionefromeA
SPEetoe IFRS.eAnalysiseanderecommendationseareerequiredeforeaccountingeissueserelatedetoeconvert
ibleedebentures,eunusualeitem,erevenueerecognition,econtingencyeandeimpairment.
Modern Advanced Accounting In Canada,
10th Edition By Herauf and Mbagwu,
all Chapters 1-12
,
, Chapter 1 e
Conceptual & Case Analysis Framewo
e e e e
rks for Financial Reporting
e e e
A brief description of the major points covered in each case and problem.CAS
e e e e e e e e e e e e e
ES
Casee1-1
Inethisecase,estudentseareeintroducedetoetheedifferenceeineaccountingeforeR&DecostsebetweeneI
FRSeandeASPEeandeaskedetoeprovideeargumentsetoesupportetheedifferentestandards.
Casee1-2e (adaptedefromeaecaseepreparedebyePetereSecord,eSainteMary’seUniversity)
Inethiserealelifeecase,estudentseareeaskedetoediscussetheemeritseofehistoricalecostsevs.ereplacementeco
sts.eActualenoteedisclosureefromeaecompany’sefinancialestatementseiseprovidedeasebackgroundemat
erial.
Casee1-3e (adaptedefromeaecaseepreparedebyePetereSecord,eSainte Mary’seUniversity)
, AeCanadianecompanyehasejusteacquiredeaenon-
controllingeinteresteineaeU.S.epublicecompany.eItemustedecideewhetheretoeuseeIFRSeoreU.S.eGAAPefore
theeU.S.esubsidiary.eFinancialestatementeinformationeiseprovidedeundereIFRSeandeU.S.eGAAP.eTheere
asonseforesomeeofetheedifferenceseinenumbersemustebeeexplainedeandeaneopinioneprovidedeasetoew
hichemethodebestereflectseeconomicereality.
Casee1-4
ThisecaseeiseadaptedefromeaeCPAeCanadaecase.eAeprivateecompanyeiseplanningetoegoepublic.eAnalysi
seanderecommendationseareerequiredeforeaccountingeissueserelatedetoepurchaseeandeinstallationeof
e neweinformationesystem,erevenueerecognition,econvertibleedebentureseandedoubtfuleaccountserece
ivable.
Casee1-5
ThisecaseeiseadaptedefromeaeCPAeCanadaecase.eeeAeprivateecompanyeiseplanningetoetransitionefromeA
SPEetoe IFRS.eAnalysiseanderecommendationseareerequiredeforeaccountingeissueserelatedetoeconvert
ibleedebentures,eunusualeitem,erevenueerecognition,econtingencyeandeimpairment.
