Modern Advanced Accounting in
Canada, 11th Edition by
Darrell Herauf
Complete Chapter Solutions Manual
are included (Ch 1 to 12)
** Immediate Download
** Swift Response
** All Chapters included
** Excel Worksheets
,Table of Contents are given below
Chapter 1 Conceptual and Case Analysis Frameworks for Financial Reporting
Chapter 2 Investments in Equity Securities
Chapter 3 Business Combinations
Chapter 4 Consolidation of Non–Wholly Owned Subsidiaries
Chapter 5 Consolidation Subsequent to Acquisition Date
Chapter 6 Intercompany Inventory and Land Profits
Chapter 7 (A) Intercompany Profits in Depreciable Assets
(B) Intercompany Bondholdings
Chapter 8 Consolidated Cash Flows and Changes in Ownership
Chapter 9 Other Consolidation Reporting Issues
Chapter 10 Foreign Currency Transactions
Chapter 11 Translation and Consolidation of Foreign Operations
Chapter 12 Accounting for Not-for-Profit and Public Sector Organizations
,Solutions Manual organized in reverse order, with the last chapter displayed first, to ensure that all
chapters are included in this document. (Complete Chapters included Ch12-1)
Chapter 12
Accounting for Not-for-Profit and Public
Sector Organizations
A brief description of the major points covered in each case and problem.
CASES
Case 12-1
A son of a patient in a hospital pledged $5 million to the hospital in gratitude for the service. The
hospital must decide how to report or disclose the pledge.
Case 12-2
In this case, a not-for-profit organization conducts a fund-raising campaign to build a new facility.
Different donors contribute in many different ways. Students are required to determine how to
account for revenue for this not-for-profit.
Case 12-3
The newly formed audit committee of a youth centre has raised a number of accounting issues.
Students are required to prepare a written response in their role as auditor.
Case 12-4
A First Nation has managed to operate for a number of years without preparing audited financial
statements but some major entrepreneurial activities entered into recently now necessitate the
preparation of audited statements. Students are required to prepare a report to discuss the GAAP
requirements for this organization.
Case 12-5
This case requires students to engage with the concept of sustainability reporting critically. It
challenges them to provide a solution that not only addresses the immediate needs of
Greenblend Tech but also sets a path for long-term sustainable growth. Students should use
their knowledge and understanding of sustainability practices, reporting frameworks and
strategic planning to respond.
PROBLEMS
Problem 12-1 (30 min.)
This problem requires the preparation of a statement of operations and changes in net assets and
a statement of financial position for net assets invested in capital assets.
, Problem 12-2 (15 min.)
Journal entries are required for a restricted contribution to acquire land and buildings using the
deferral method.
Problem 12-3 (15 min.)
Journal entries are required under the deferral method.
Problem 12-4 (20 min.)
Journal entries are required for a series of transactions using the restricted fund method.
Problem 12-5 (25 min.)
You are required to prepare a schedule to allocate costs between programs and fundraising, to
determine the portion of costs pertaining to each program and fundraising and to write the
disclosure note on allocation of costs.
Problem 12-6 (25 min.)
Journal entries are required for a series of transactions using the restricted fund method.
Problem 12-7 (25 min.)
This problem requires the preparation of an operating statement using the deferral method. The
calculation of the amounts for certain statement of financial position items is also required.
Problem 12-8 (30 min.)
This problem requires the preparation of a statement of financial position using the deferral
method.
Problem 12-9 (30 min.)
This problem is identical to problem 8 except that the restricted fund method of reporting is to be
used for three separate funds.
Problem 12-10 (35 min.)
This problem requires the preparation of journal entries for transactions and the preparation of a
statement of operations and changes in fund balance for the general fund.
Solutions Manual, Chapter 12
Canada, 11th Edition by
Darrell Herauf
Complete Chapter Solutions Manual
are included (Ch 1 to 12)
** Immediate Download
** Swift Response
** All Chapters included
** Excel Worksheets
,Table of Contents are given below
Chapter 1 Conceptual and Case Analysis Frameworks for Financial Reporting
Chapter 2 Investments in Equity Securities
Chapter 3 Business Combinations
Chapter 4 Consolidation of Non–Wholly Owned Subsidiaries
Chapter 5 Consolidation Subsequent to Acquisition Date
Chapter 6 Intercompany Inventory and Land Profits
Chapter 7 (A) Intercompany Profits in Depreciable Assets
(B) Intercompany Bondholdings
Chapter 8 Consolidated Cash Flows and Changes in Ownership
Chapter 9 Other Consolidation Reporting Issues
Chapter 10 Foreign Currency Transactions
Chapter 11 Translation and Consolidation of Foreign Operations
Chapter 12 Accounting for Not-for-Profit and Public Sector Organizations
,Solutions Manual organized in reverse order, with the last chapter displayed first, to ensure that all
chapters are included in this document. (Complete Chapters included Ch12-1)
Chapter 12
Accounting for Not-for-Profit and Public
Sector Organizations
A brief description of the major points covered in each case and problem.
CASES
Case 12-1
A son of a patient in a hospital pledged $5 million to the hospital in gratitude for the service. The
hospital must decide how to report or disclose the pledge.
Case 12-2
In this case, a not-for-profit organization conducts a fund-raising campaign to build a new facility.
Different donors contribute in many different ways. Students are required to determine how to
account for revenue for this not-for-profit.
Case 12-3
The newly formed audit committee of a youth centre has raised a number of accounting issues.
Students are required to prepare a written response in their role as auditor.
Case 12-4
A First Nation has managed to operate for a number of years without preparing audited financial
statements but some major entrepreneurial activities entered into recently now necessitate the
preparation of audited statements. Students are required to prepare a report to discuss the GAAP
requirements for this organization.
Case 12-5
This case requires students to engage with the concept of sustainability reporting critically. It
challenges them to provide a solution that not only addresses the immediate needs of
Greenblend Tech but also sets a path for long-term sustainable growth. Students should use
their knowledge and understanding of sustainability practices, reporting frameworks and
strategic planning to respond.
PROBLEMS
Problem 12-1 (30 min.)
This problem requires the preparation of a statement of operations and changes in net assets and
a statement of financial position for net assets invested in capital assets.
, Problem 12-2 (15 min.)
Journal entries are required for a restricted contribution to acquire land and buildings using the
deferral method.
Problem 12-3 (15 min.)
Journal entries are required under the deferral method.
Problem 12-4 (20 min.)
Journal entries are required for a series of transactions using the restricted fund method.
Problem 12-5 (25 min.)
You are required to prepare a schedule to allocate costs between programs and fundraising, to
determine the portion of costs pertaining to each program and fundraising and to write the
disclosure note on allocation of costs.
Problem 12-6 (25 min.)
Journal entries are required for a series of transactions using the restricted fund method.
Problem 12-7 (25 min.)
This problem requires the preparation of an operating statement using the deferral method. The
calculation of the amounts for certain statement of financial position items is also required.
Problem 12-8 (30 min.)
This problem requires the preparation of a statement of financial position using the deferral
method.
Problem 12-9 (30 min.)
This problem is identical to problem 8 except that the restricted fund method of reporting is to be
used for three separate funds.
Problem 12-10 (35 min.)
This problem requires the preparation of journal entries for transactions and the preparation of a
statement of operations and changes in fund balance for the general fund.
Solutions Manual, Chapter 12
