SOLUTION MANUAL
Modern Advanced Accounting In Canada,
10th Edition By Darrell Herauf, chima Mbagwu,
Chapters 1 - 12, Complete
,
, Chapter 1 H
Conceptual & Case Analysis Framewor
H H H H
ks for Financial Reporting
H H H
A brief description of the major points covered in each case and problem. CAS
H H H H H H H H H H H H H
ES
CaseH1-1
InHthisHcase,HstudentsHareHintroducedHtoHtheHdifferenceHinHaccountingHforHR&DHcostsHbetweenH
IFRSHandHASPEHandHaskedHtoHprovideHargumentsHtoHsupportHtheHdifferentHstandards.
CaseH1-2H (adaptedHfromHaHcaseHpreparedHbyHPeterHSecord,HSaintHMary’sHUniversity)
InHthisHrealHlifeHcase,HstudentsHareHaskedHtoHdiscussHtheHmeritsHofHhistoricalHcostsHvs.HreplacementHc
osts.HActualHnoteHdisclosureHfromHaHcompany’sHfinancialHstatementsHisHprovidedHasHbackgroundHma
terial.
CaseH1-3H (adaptedHfromHaHcaseHpreparedHbyHPeterHSecord,HSaintH Mary’sHUniversity)
, AHCanadianHcompanyHhasHjustHacquiredHaHnon-
controllingHinterestHinHaHU.S.HpublicHcompany.HItHmustHdecideHwhetherHtoHuseHIFRSHorHU.S.HGAA
PHforHtheHU.S.Hsubsidiary.HFinancialHstatementHinformationHisHprovidedHunderHIFRSHandHU.S.HGA
AP.HTheHreasonsHforHsomeHofHtheHdifferencesHinHnumbersHmustHbeHexplainedHandHanHopinionHprovi
dedHasHtoHwhichHmethodHbestHreflectsHeconomicHreality.
CaseH1-4
ThisHcaseHisHadaptedHfromHaHCPAHCanadaHcase.HAHprivateHcompanyHisHplanningHtoHgoHpublic.HAna
lysisHandHrecommendationsHareHrequiredHforHaccountingHissuesHrelatedHtoHpurchaseHandHinstallation
H ofHnewHinformationHsystem,HrevenueHrecognition,HconvertibleHdebenturesHandHdoubtfulHaccountsHre
ceivable.
CaseH1-5
ThisHcaseHisHadaptedHfromHaHCPAHCanadaHcase.HHHAHprivateHcompanyHisHplanningHtoHtransitionHfro
mHASPEHtoH IFRS.HAnalysisHandHrecommendationsHareHrequiredHforHaccountingHissuesHrelatedHtoHc
onvertibleHdebentures,HunusualHitem,HrevenueHrecognition,HcontingencyHandHimpairment.
Modern Advanced Accounting In Canada,
10th Edition By Darrell Herauf, chima Mbagwu,
Chapters 1 - 12, Complete
,
, Chapter 1 H
Conceptual & Case Analysis Framewor
H H H H
ks for Financial Reporting
H H H
A brief description of the major points covered in each case and problem. CAS
H H H H H H H H H H H H H
ES
CaseH1-1
InHthisHcase,HstudentsHareHintroducedHtoHtheHdifferenceHinHaccountingHforHR&DHcostsHbetweenH
IFRSHandHASPEHandHaskedHtoHprovideHargumentsHtoHsupportHtheHdifferentHstandards.
CaseH1-2H (adaptedHfromHaHcaseHpreparedHbyHPeterHSecord,HSaintHMary’sHUniversity)
InHthisHrealHlifeHcase,HstudentsHareHaskedHtoHdiscussHtheHmeritsHofHhistoricalHcostsHvs.HreplacementHc
osts.HActualHnoteHdisclosureHfromHaHcompany’sHfinancialHstatementsHisHprovidedHasHbackgroundHma
terial.
CaseH1-3H (adaptedHfromHaHcaseHpreparedHbyHPeterHSecord,HSaintH Mary’sHUniversity)
, AHCanadianHcompanyHhasHjustHacquiredHaHnon-
controllingHinterestHinHaHU.S.HpublicHcompany.HItHmustHdecideHwhetherHtoHuseHIFRSHorHU.S.HGAA
PHforHtheHU.S.Hsubsidiary.HFinancialHstatementHinformationHisHprovidedHunderHIFRSHandHU.S.HGA
AP.HTheHreasonsHforHsomeHofHtheHdifferencesHinHnumbersHmustHbeHexplainedHandHanHopinionHprovi
dedHasHtoHwhichHmethodHbestHreflectsHeconomicHreality.
CaseH1-4
ThisHcaseHisHadaptedHfromHaHCPAHCanadaHcase.HAHprivateHcompanyHisHplanningHtoHgoHpublic.HAna
lysisHandHrecommendationsHareHrequiredHforHaccountingHissuesHrelatedHtoHpurchaseHandHinstallation
H ofHnewHinformationHsystem,HrevenueHrecognition,HconvertibleHdebenturesHandHdoubtfulHaccountsHre
ceivable.
CaseH1-5
ThisHcaseHisHadaptedHfromHaHCPAHCanadaHcase.HHHAHprivateHcompanyHisHplanningHtoHtransitionHfro
mHASPEHtoH IFRS.HAnalysisHandHrecommendationsHareHrequiredHforHaccountingHissuesHrelatedHtoHc
onvertibleHdebentures,HunusualHitem,HrevenueHrecognition,HcontingencyHandHimpairment.
