SOLUTION MANUAL c c
Modern Advanced Accounting In Canada,
c c c c
10th Edition By Darrell Herauf, Chima Mbagwu,
c c c c c c
Chapters 1 - 12, Complete
c c c c c
,
, Chapter 1 c
Conceptual & Case Analysis c c c
c Frameworks for Financial Reporting c c c
A brief description of the major points covered in each case and problem.CASES
c c c c c c c c c c c c c
Case 1-1 c
In this case, students are introduced to the difference in accounting for R&D costs
c c c c c c c c c c c c c
c betweenIFRS and ASPE and asked to provide arguments to support the different standards.
c c c c c c c c c c c c c
Case 1-2 (adapted from a case prepared by Peter Secord, Saint Mary’s University)
c c c c c c c c c c c c
In this real life case, students are asked to discuss the merits of historical costs vs. replacement costs.
c c c c c c c c c c c c c c c c c
c Actual note disclosure from a company’s financial statements is provided as background material.
c c c c c c c c c c c c
Case 1-3 (adapted from a case prepared by Peter Secord, Saint Mary’s University)
c c c c c c c c c c c c
, A Canadian company has just acquired a non-controlling interest in a U.S. public company. It must
c c c c c c c c c c c c c c c
c decide whether to use IFRS or U.S. GAAP for the U.S. subsidiary. Financial statement information
c c c c c c c c c c c c c c
c is provided under IFRS and U.S. GAAP. The reasons for some of the differences in numbers must
c c c c c c c c c c c c c c c c
c be explained and an opinion provided as to which method best reflects economic reality.
c c c c c c c c c c c c c
Case 1-4 c
This case is adapted from a CPA Canada case. A private company is planning to go public. Analysis
c c c c c c c c c c c c c c c c c
c and recommendations are required for accounting issues related to purchase and installation of new
c c c c c c c c c c c c c
c information system, revenue recognition, convertible debentures and doubtfulaccounts receivable.
c c c c c c c c c
Case 1-5 c
This case is adapted from a CPA Canada case. A private company is planning to transition from
c c c c c c c c c c c c c c c c c c
c ASPE to c c IFRS. Analysis and recommendations are required for accounting issues related to
c c c c c c c c c c
c convertible debentures, unusual item, revenue recognition, contingency and impairment.
c c c c c c c c
Modern Advanced Accounting In Canada,
c c c c
10th Edition By Darrell Herauf, Chima Mbagwu,
c c c c c c
Chapters 1 - 12, Complete
c c c c c
,
, Chapter 1 c
Conceptual & Case Analysis c c c
c Frameworks for Financial Reporting c c c
A brief description of the major points covered in each case and problem.CASES
c c c c c c c c c c c c c
Case 1-1 c
In this case, students are introduced to the difference in accounting for R&D costs
c c c c c c c c c c c c c
c betweenIFRS and ASPE and asked to provide arguments to support the different standards.
c c c c c c c c c c c c c
Case 1-2 (adapted from a case prepared by Peter Secord, Saint Mary’s University)
c c c c c c c c c c c c
In this real life case, students are asked to discuss the merits of historical costs vs. replacement costs.
c c c c c c c c c c c c c c c c c
c Actual note disclosure from a company’s financial statements is provided as background material.
c c c c c c c c c c c c
Case 1-3 (adapted from a case prepared by Peter Secord, Saint Mary’s University)
c c c c c c c c c c c c
, A Canadian company has just acquired a non-controlling interest in a U.S. public company. It must
c c c c c c c c c c c c c c c
c decide whether to use IFRS or U.S. GAAP for the U.S. subsidiary. Financial statement information
c c c c c c c c c c c c c c
c is provided under IFRS and U.S. GAAP. The reasons for some of the differences in numbers must
c c c c c c c c c c c c c c c c
c be explained and an opinion provided as to which method best reflects economic reality.
c c c c c c c c c c c c c
Case 1-4 c
This case is adapted from a CPA Canada case. A private company is planning to go public. Analysis
c c c c c c c c c c c c c c c c c
c and recommendations are required for accounting issues related to purchase and installation of new
c c c c c c c c c c c c c
c information system, revenue recognition, convertible debentures and doubtfulaccounts receivable.
c c c c c c c c c
Case 1-5 c
This case is adapted from a CPA Canada case. A private company is planning to transition from
c c c c c c c c c c c c c c c c c c
c ASPE to c c IFRS. Analysis and recommendations are required for accounting issues related to
c c c c c c c c c c
c convertible debentures, unusual item, revenue recognition, contingency and impairment.
c c c c c c c c
