SOLUTION MANUAL
Modern Advanced Accounting In Canada,
10th Edition By Herauf and Mbagwu,
all Chapters 1-12, Complete
,
, Chapter 1 e
Conceptual & Case Analysis Framewor
e e e e
ks for Financial Reporting
e e e
A brief description of the major points covered in each case and problem.CASES
e e e e e e e e e e e e e
Casee1-1
Inethisecase,estudentseareeintroducedetoetheedifferenceeineaccountingeforeR&DecostsebetweeneIFRSe
andeASPEeandeaskedetoeprovideeargumentsetoesupporte theedifferentestandards.
Casee1-2e (adaptedefromeaecaseepreparedebyePetereSecord,eSainteMary’seUniversity)
Inethiserealelifeecase,estudentseareeaskedetoediscussetheemeritseofehistoricalecostsevs.ereplacementecosts.eA
ctualenoteedisclosureefromeaecompany’sefinancialestatementseiseprovidedeasebackgroundematerial.
Casee1-3e (adaptedefromeaecaseepreparedebyePetereSecord,eSainte Mary’seUniversity)
, AeCanadianecompanyehasejusteacquiredeaenon-
controllingeinteresteineaeU.S.epublicecompany.eItemustedecideewhetheretoeuseeIFRSeoreU.S.eGAAPeforet
heeU.S.esubsidiary.eFinancialestatementeinformationeiseprovidedeundereIFRSeandeU.S.eGAAP.eTheerea
sonseforesomeeofetheedifferenceseinenumbersemustebeeexplainedeandeaneopinioneprovidedeasetoewhichem
ethodebestereflectseeconomicereality.
Casee1-4
ThisecaseeiseadaptedefromeaeCPAeCanadaecase.eAeprivateecompanyeiseplanningetoegoepublic.eAnalysisea
nderecommendationseareerequiredeforeaccountingeissueserelatedetoepurchaseeandeinstallationeofeneweinf
ormationesystem,erevenueerecognition,econvertibleedebentureseandedoubtfuleaccountsereceivable.
Casee1-5
ThisecaseeiseadaptedefromeaeCPAeCanadaecase.eeeAeprivateecompanyeiseplanningetoetransitionefromeASP
Eetoe IFRS.eAnalysiseanderecommendationseareerequiredeforeaccountingeissueserelatedetoeconvertibleed
ebentures,e unusualeitem,erevenueerecognition,econtingencyeandeimpairment.
Modern Advanced Accounting In Canada,
10th Edition By Herauf and Mbagwu,
all Chapters 1-12, Complete
,
, Chapter 1 e
Conceptual & Case Analysis Framewor
e e e e
ks for Financial Reporting
e e e
A brief description of the major points covered in each case and problem.CASES
e e e e e e e e e e e e e
Casee1-1
Inethisecase,estudentseareeintroducedetoetheedifferenceeineaccountingeforeR&DecostsebetweeneIFRSe
andeASPEeandeaskedetoeprovideeargumentsetoesupporte theedifferentestandards.
Casee1-2e (adaptedefromeaecaseepreparedebyePetereSecord,eSainteMary’seUniversity)
Inethiserealelifeecase,estudentseareeaskedetoediscussetheemeritseofehistoricalecostsevs.ereplacementecosts.eA
ctualenoteedisclosureefromeaecompany’sefinancialestatementseiseprovidedeasebackgroundematerial.
Casee1-3e (adaptedefromeaecaseepreparedebyePetereSecord,eSainte Mary’seUniversity)
, AeCanadianecompanyehasejusteacquiredeaenon-
controllingeinteresteineaeU.S.epublicecompany.eItemustedecideewhetheretoeuseeIFRSeoreU.S.eGAAPeforet
heeU.S.esubsidiary.eFinancialestatementeinformationeiseprovidedeundereIFRSeandeU.S.eGAAP.eTheerea
sonseforesomeeofetheedifferenceseinenumbersemustebeeexplainedeandeaneopinioneprovidedeasetoewhichem
ethodebestereflectseeconomicereality.
Casee1-4
ThisecaseeiseadaptedefromeaeCPAeCanadaecase.eAeprivateecompanyeiseplanningetoegoepublic.eAnalysisea
nderecommendationseareerequiredeforeaccountingeissueserelatedetoepurchaseeandeinstallationeofeneweinf
ormationesystem,erevenueerecognition,econvertibleedebentureseandedoubtfuleaccountsereceivable.
Casee1-5
ThisecaseeiseadaptedefromeaeCPAeCanadaecase.eeeAeprivateecompanyeiseplanningetoetransitionefromeASP
Eetoe IFRS.eAnalysiseanderecommendationseareerequiredeforeaccountingeissueserelatedetoeconvertibleed
ebentures,e unusualeitem,erevenueerecognition,econtingencyeandeimpairment.
