SOLUTION MANUAL m m
Modern Advanced Accounting In Canada,
m m m m
10th Edition By Darrell Herauf, Chima Mbagwu,
m m m m m m
Chapters 1 - 12, Complete
m m m m m
,
, Chapter 1 m
Conceptual & Case Analysis Framewor
m m m m
ks for Financial Reporting
m m m
A brief description of the major points covered in each case and problem. CAS
m m m m m m m m m m m m m
ES
Casem1-1
Inmthismcase,mstudentsmaremintroducedmtomthemdifferenceminmaccountingmformR&Dmcostsmbetween
IFRSmandmASPEmandmaskedmtomprovidemargumentsmtomsupportmthemdifferentmstandards.
m
Casem1-2m (adaptedmfrommamcasempreparedmbymPetermSecord,mSaintmMary’smUniversity)
Inmthismrealmlifemcase,mstudentsmaremaskedmtomdiscussmthemmeritsmofmhistoricalmcostsmvs.mreplacementmc
osts.mActualmnotemdisclosuremfrommamcompany’smfinancialmstatementsmismprovidedmasmbackgroundmm
aterial.
Casem1-3m (adaptedmfrommamcasempreparedmbymPetermSecord,mSaintm Mary’smUniversity)
, AmCanadianmcompanymhasmjustmacquiredmamnon-
controllingminterestminmamU.S.mpublicmcompany.mItmmustmdecidemwhethermtomusemIFRSmormU.S.mGAA
PmformthemU.S.msubsidiary.mFinancialmstatementminformationmismprovidedmundermIFRSmandmU.S.mGA
AP.mThemreasonsmformsomemofmthemdifferencesminmnumbersmmustmbemexplainedmandmanmopinionmprovi
dedmasmtomwhichmmethodmbestmreflectsmeconomicmreality.
Casem1-4
ThismcasemismadaptedmfrommamCPAmCanadamcase.mAmprivatemcompanymismplanningmtomgompublic.mAn
alysismandmrecommendationsmaremrequiredmformaccountingmissuesmrelatedmtompurchasemandminstallatio
nmofmnewminformationmsystem,mrevenuemrecognition,mconvertiblemdebenturesmandmdoubtfulmaccountsm
receivable.
Casem1-5
ThismcasemismadaptedmfrommamCPAmCanadamcase.mmmAmprivatemcompanymismplanningmtomtransitionmfr
ommASPEmtom IFRS.mAnalysismandmrecommendationsmaremrequiredmformaccountingmissuesmrelatedmto
convertiblemdebentures,munusualmitem,mrevenuemrecognition,mcontingencymandmimpairment.
m
Modern Advanced Accounting In Canada,
m m m m
10th Edition By Darrell Herauf, Chima Mbagwu,
m m m m m m
Chapters 1 - 12, Complete
m m m m m
,
, Chapter 1 m
Conceptual & Case Analysis Framewor
m m m m
ks for Financial Reporting
m m m
A brief description of the major points covered in each case and problem. CAS
m m m m m m m m m m m m m
ES
Casem1-1
Inmthismcase,mstudentsmaremintroducedmtomthemdifferenceminmaccountingmformR&Dmcostsmbetween
IFRSmandmASPEmandmaskedmtomprovidemargumentsmtomsupportmthemdifferentmstandards.
m
Casem1-2m (adaptedmfrommamcasempreparedmbymPetermSecord,mSaintmMary’smUniversity)
Inmthismrealmlifemcase,mstudentsmaremaskedmtomdiscussmthemmeritsmofmhistoricalmcostsmvs.mreplacementmc
osts.mActualmnotemdisclosuremfrommamcompany’smfinancialmstatementsmismprovidedmasmbackgroundmm
aterial.
Casem1-3m (adaptedmfrommamcasempreparedmbymPetermSecord,mSaintm Mary’smUniversity)
, AmCanadianmcompanymhasmjustmacquiredmamnon-
controllingminterestminmamU.S.mpublicmcompany.mItmmustmdecidemwhethermtomusemIFRSmormU.S.mGAA
PmformthemU.S.msubsidiary.mFinancialmstatementminformationmismprovidedmundermIFRSmandmU.S.mGA
AP.mThemreasonsmformsomemofmthemdifferencesminmnumbersmmustmbemexplainedmandmanmopinionmprovi
dedmasmtomwhichmmethodmbestmreflectsmeconomicmreality.
Casem1-4
ThismcasemismadaptedmfrommamCPAmCanadamcase.mAmprivatemcompanymismplanningmtomgompublic.mAn
alysismandmrecommendationsmaremrequiredmformaccountingmissuesmrelatedmtompurchasemandminstallatio
nmofmnewminformationmsystem,mrevenuemrecognition,mconvertiblemdebenturesmandmdoubtfulmaccountsm
receivable.
Casem1-5
ThismcasemismadaptedmfrommamCPAmCanadamcase.mmmAmprivatemcompanymismplanningmtomtransitionmfr
ommASPEmtom IFRS.mAnalysismandmrecommendationsmaremrequiredmformaccountingmissuesmrelatedmto
convertiblemdebentures,munusualmitem,mrevenuemrecognition,mcontingencymandmimpairment.
m
