Solution manual for modern advanced accounting in canada 9th edition hilton murray

SOLUTION MANUAL v v




Modern Advanced Accounting In Canada,
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10th Edition By Darrell Herauf, Chima Mbagwu
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Chapters 1 - 12, Complete
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, Chapter 1 v




Conceptual & Case Analysis v v v




v Frameworks for Financial Reporting v v v




A brief description of the major points covered in each case and problem.CASES
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Case 1-1 v




In this case, students are introduced to the difference in accounting for R&D costs betweenIFRS
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v and ASPE and asked to provide arguments to support the different standards.
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Case 1-2 (adapted from a case prepared by Peter Secord, Saint Mary’s University)
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In this real life case, students are asked to discuss the merits of historical costs vs. replacement costs.
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Actual note disclosure from a company’s financial statements is provided as background material.
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Case 1-3 (adapted from a case prepared by Peter Secord, Saint Mary’s University)
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, A Canadian company has just acquired a non-controlling interest in a U.S. public company. It must
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decide whether to use IFRS or U.S. GAAP for the U.S. subsidiary. Financial statement information is
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provided under IFRS and U.S. GAAP. The reasons for some of the differences in numbers must be
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explained and an opinion provided as to which method best reflects economic reality.
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Case 1-4 v




This case is adapted from a CPA Canada case. A private company is planning to go public. Analysis
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and recommendations are required for accounting issues related to purchase and installation of new
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information system, revenue recognition, convertible debentures and doubtfulaccounts receivable.
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Case 1-5 v




This case is adapted from a CPA Canada case. A private company is planning to transition from ASPE
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to IFRS. Analysis and recommendations are required for accounting issues related to convertible
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debentures, unusual item, revenue recognition, contingency and impairment.
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