Modern Advanced Accounting In Canada,
10th Edition By Darrell Herauf, Chima Mbagwu,
Chapters 1 - 12, Complete
,
, Chapter 1 tv
Conceptual & Case Analysis Frameworks tv tv tv tv tv
for Financial Reporting
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A brief description of the major points covered in each case and problem.CASE
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Case 1-1 tv
In this case, students are introduced to the difference in accounting for R&D costs betweenIFR
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S 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-
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controlling interest in a U.S. public company. It must decide whether to use IFRS or U.S. GAAP for th
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e U.S. subsidiary. Financial statement information is provided under IFRS and U.S. GAAP. The reaso
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ns for some of the differences in numbers must be explained and an opinion provided as to which
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method best reflects economic reality.
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Case 1-4 tv
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 ne
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w information system, revenue recognition, convertible debentures and doubtfulaccounts receivab
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le.
Case 1-5 tv
This case is adapted from a CPA Canada case. A private company is planning to transition from AS
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PE to IFRS. Analysis and recommendations are required for accounting issues related to convertibl
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e debentures, unusual item, revenue recognition, contingency and impairment.
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