Modern Advanced Accounting In Canada,1
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0th Edition By Darrell Herauf, Chima
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Mbagwu
Chapters 1 - 12, Complete
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, Chapter1 T
Conceptual&CaseAnalysisFramework
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sforFinancialReporting
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A brief description of the major points covered in each case and problem.CASE
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CaseT 1-1
InTthisTcase,TstudentsTareTintroducedTtoTtheTdifferenceTinTaccountingTforTR&DTcostsTbetweeTn
IFRST andTASPETandTaskedTtoTprovideTargumentsTtoT supportT theTdifferentSstandards.
CaseT 1-2T (adaptedTfromTaTcaseTpreparedTbyTPeterSSecord,TSaintSMary’sTUniversity)
InTthisTrealTlifeTcase,TstudentsTareTaskedTtoTdiscussTtheTmeritsTofThistoricalTcostsTvs.TreplacementTcTo
sts.TActualTnoteTdisclosureTfromTaTcompany’sTfinancialTstatementsTisTprovidedTasTbackgroundTmTat
erial.
CaseT 1-3T(adaptedTfromTaT caseTpreparedTbyTPeterTSecord,TSaintT Mary’sTUniversity)
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, ATCanadianTcompanyShasTjustTacquiredTaTnon-
controllingTinterestTinTaTU.S.TpublicTcompany.TItTmustTdecideTwhetherTtoTuseTIFRSTorSU.S.TGAAPTfTor
S theTU.S.Tsubsidiary.TFinancialTstatementTinformationTisTprovidedTunderTIFRSTandTU.S.TGAAP.TThTeTr
easonsTforSsomeTofTtheTdifferencesTinTnumbersTmustTbeTexplainedTandTanTopinionTprovidedTasTtoT
whichTmethodTbestTreflectsTeconomicTreality.
CaseT 1-4
ThisTcaseTisTadaptedTfromTaTCPATCanadaTcase.TATprivateTcompanyTisTplanningTtoTgoTpublic.TAnalyTsi
sTandTrecommendationsTareTrequiredTforSaccountingTissuesTrelatedTtoTpurchaseTandTinstallationTofS
newSinformationTsystem,TrevenueTrecognition,TconvertibleTdebenturesTandTdoubtfulaccountsTrece
ivable.
CaseT 1-5
ThisTcaseTisTadaptedTfromTaTCPATCanadaTcase.T ATprivateTcompanyTisTplanningTtoTtransitionTfroTmT
ASPETtoTIFRS.TAnalysisTandTrecommendationsTareTrequiredTforSaccountingTissuesTrelatedTtoTcTonv
ertibleTdebentures,TunusualTitem,TrevenueTrecognition,TcontingencyTandT impairment.
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