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

SOLUTION MANUAL oy oy




Modern Advanced Accounting In Canada,
oy oy oy oy




10th Edition By Darrell Herauf, Chima
oy oy oy oy oy




Mbagwu,
oy




Chapters 1 - 12, Complete
oy oy oy oy oy

,
, Chapter 1 oy




Conceptual & Case Analysis oy oy oy




Frameworks for Financial Reporting
oy oy oy oy




A brief description of the major points covered in each case and problem.
oy oy oy oy oy oy oy oy oy oy oy oy




CASES
yo




Case 1-1 oy




In this case, students are introduced to the difference in accounting for R&D costs
oy oy oy oy oy oy oy oy oy oy oy oy oy




oy between IFRS and ASPE and asked to provide arguments to support the different
yo oy oy oy oy oy oy oy oy oy oy oy




oy standards.


Case 1-2 oy o y (adapted from a case prepared by Peter Secord, Saint Mary’s University)
oy oy oy oy oy oy oy oy oy oy




In this real life case, students are asked to discuss the merits of historical costs vs.
oy oy oy oy oy oy oy oy oy oy oy oy oy oy oy




oy replacement costs. Actual note disclosure from a company’s financial statements is provided
oy oy oy oy oy oy oy oy oy oy oy




oy as background material.
oy oy




Case 1-3 oy o y (adapted from a case prepared by Peter Secord, Saint Mary’s University)
oy oy oy oy oy oy oy oy oy oy

, A Canadian company has just acquired a non-controlling interest in a U.S. public company. It
oy oy oy oy oy oy oy oy oy oy oy oy oy oy




must decide whether to use IFRS or U.S. GAAP for the U.S. subsidiary. Financial statement
oy oy oy oy oy oy oy oy oy oy oy oy oy oy oy




information is provided under IFRS and U.S. GAAP. The reasons for some of the differences
oy oy oy oy oy oy oy oy oy oy oy oy oy oy oy




in numbers must be explained and an opinion provided as to which method best reflects
oy oy oy oy oy oy oy oy oy oy oy oy oy oy oy




economic reality.
oy oy




Case 1-4 oy




This case is adapted from a CPA Canada case. A private company is planning to go public.
oy oy oy oy oy oy oy oy oy oy oy oy oy oy oy oy




Analysis and recommendations are required for accounting issues related to purchase and
oy oy oy oy oy oy oy oy oy oy oy oy




installation of new information system, revenue recognition, convertible debentures and
oy oy oy oy oy oy oy oy oy oy




doubtfulaccounts receivable.
oy yo oy




Case 1-5 oy




This case is adapted from a CPA Canada case.
oy oy oy oy oy oy oy oy oy oy oy A private company is planning to transition
oy oy oy oy oy oy




from ASPE to
oy oy oy o y IFRS. Analysis and recommendations are required for accounting issues
oy oy oy oy oy oy oy oy




related to convertible debentures, unusual item, revenue recognition, contingency and
oy oy oy oy oy oy oy oy oy oy




oy impairment.