SOLUTION MANUALx tt x tt
Modern Advanced Accounting In Canada,
xtt xtt xtt xtt
tt
,
, Chapter 1 x
Conceptual & Case Analysis Framewor x x x x
ks for Financial Reporting
x x x
A brief description of the major points covered in each case and proble
x x x x x x x x x x x x
m.CASES
Casex 1-1
Inxthisxcase,xstudentsxarexintroducedxtoxthexdifferencexinxaccountingxforxR&Dxcostsx betweenxI
FRSxandxASPExandxaskedxtoxprovidexargumentsxtoxsupportxthexdifferentxstandards.
Casex 1-2x x (adaptedx fromx ax casex preparedx byx Peterx Secord,x Saintx Mary’sx University)
Inx thisx realx lifex case,x studentsx arex askedx tox discussx thex meritsx ofx historicalx costsx vs.xreplaceme
ntx costs.x Actualx notex disclosurex fromx ax company’sx financialx statementsx isx providedx asx backgr
oundx material.
Casex 1-3x x x (adaptedx fromx ax casex preparedx byx Peterx Secord,x Saintx Mary’sx University)
, Ax Canadianx companyx hasx justx acquiredx ax non-
controllingx interestx inx ax U.S.x publicxcompany.x Itx mustx decidex whetherx tox usex IFRSx orx U.S.x G
AAPx forx thex U.S.x subsidiary.x Financialx statementx informationx isx providedx underx IFRSx andx U.S.x
GAAP.x Thex reasonsx forxsomex ofx thex differencesx inx numbersx mustx bex explainedx andx anx opinio
nx providedx asx toxwhichx methodx bestx reflectsx economicx reality.
Casex 1-4
Thisx casex isx adaptedx fromx ax CPAx Canadax case.x Ax privatex companyx isx planningx tox goxpub
lic.x Analysisx andx recommendationsx arex requiredx forx accountingx issuesx relatedx toxpurchasexand
xinstallationxofxnewxinformationxsystem,xrevenuexrecognition,xconvertiblexdebenturesx andx doubtf
ulaccountsx receivable.
Casex 1-5
Thisx casex isx adaptedx fromx ax CPAx Canadax case.x x Ax privatex companyx isx planningx toxtransitionx
fromx ASPEx tox x IFRS.x Analysisx andx recommendationsx arex requiredx forxaccountingxissuesxrel
atedxtoxconvertiblexdebentures,xunusualxitem,xrevenuexrecognition,xcontingencyx andx impairment.
Modern Advanced Accounting In Canada,
xtt xtt xtt xtt
tt
,
, Chapter 1 x
Conceptual & Case Analysis Framewor x x x x
ks for Financial Reporting
x x x
A brief description of the major points covered in each case and proble
x x x x x x x x x x x x
m.CASES
Casex 1-1
Inxthisxcase,xstudentsxarexintroducedxtoxthexdifferencexinxaccountingxforxR&Dxcostsx betweenxI
FRSxandxASPExandxaskedxtoxprovidexargumentsxtoxsupportxthexdifferentxstandards.
Casex 1-2x x (adaptedx fromx ax casex preparedx byx Peterx Secord,x Saintx Mary’sx University)
Inx thisx realx lifex case,x studentsx arex askedx tox discussx thex meritsx ofx historicalx costsx vs.xreplaceme
ntx costs.x Actualx notex disclosurex fromx ax company’sx financialx statementsx isx providedx asx backgr
oundx material.
Casex 1-3x x x (adaptedx fromx ax casex preparedx byx Peterx Secord,x Saintx Mary’sx University)
, Ax Canadianx companyx hasx justx acquiredx ax non-
controllingx interestx inx ax U.S.x publicxcompany.x Itx mustx decidex whetherx tox usex IFRSx orx U.S.x G
AAPx forx thex U.S.x subsidiary.x Financialx statementx informationx isx providedx underx IFRSx andx U.S.x
GAAP.x Thex reasonsx forxsomex ofx thex differencesx inx numbersx mustx bex explainedx andx anx opinio
nx providedx asx toxwhichx methodx bestx reflectsx economicx reality.
Casex 1-4
Thisx casex isx adaptedx fromx ax CPAx Canadax case.x Ax privatex companyx isx planningx tox goxpub
lic.x Analysisx andx recommendationsx arex requiredx forx accountingx issuesx relatedx toxpurchasexand
xinstallationxofxnewxinformationxsystem,xrevenuexrecognition,xconvertiblexdebenturesx andx doubtf
ulaccountsx receivable.
Casex 1-5
Thisx casex isx adaptedx fromx ax CPAx Canadax case.x x Ax privatex companyx isx planningx toxtransitionx
fromx ASPEx tox x IFRS.x Analysisx andx recommendationsx arex requiredx forxaccountingxissuesxrel
atedxtoxconvertiblexdebentures,xunusualxitem,xrevenuexrecognition,xcontingencyx andx impairment.
