SOLUTION MANUAL a a
Modern Advanced Accounting In Canada,
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10th Edition By Darrell Herauf, Chima Mbagwu,
a a a a a a
Chapters 1 - 12, Complete
a a a a a
,
, Chapter 1 a
Conceptual & Case Analysis a a a
a FrameworksforFinancialReporting a a a
A brief description of the major points covered in each case and problem.CASES
a a a a a a a a a a a a a
Case 1-1 a
In this case, students are introduced to the difference in accounting for R&D costs between IFRS and
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ASPE and asked to provide arguments to support the different standards.
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Case 1-2 (adaptedfroma 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. Actual
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note disclosure from a company’s financial statements is provided as background material.
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Case 1-3 (adaptedfroma case prepared by Peter Secord, Saint Mary’s University)
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, A Canadian company has just acquired a non-controlling interest in a U.S. public company. It must decide
a a a a a a a a a a a a a a a a
whether to use IFRS or U.S. GAAP for the U.S. subsidiary. Financial statement information is provided
a a a a a a a a a a a a a a a a
under IFRS and U.S. GAAP. The reasons for some of the differences in numbers must be explained and an
a a a a a a a a a a a a a a a a a a a
opinion provided as to which method best reflects economic reality.
a a a a a a a a a a
Case 1-4 a
This case is adapted from a CPA Canada case. A private company is planning to go public. Analysis and
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recommendations are required for accounting issues related to purchase and installation of new
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information system, revenue recognition, convertible debentures and doubtfulaccounts receivable.
a a a a a a a a a a
Case 1-5 a
This case is adapted from a CPA Canada case. A private company is planning to transition from ASPE to
a a a a a a a a a a a a a a a a a a a a
a IFRS. Analysis and recommendations are required for accounting issues related to convertible
a a a a a a a a a a a
debentures, unusual item,revenue recognition, contingencyand impairment.
a a a a a a a a
Modern Advanced Accounting In Canada,
a a a a
10th Edition By Darrell Herauf, Chima Mbagwu,
a a a a a a
Chapters 1 - 12, Complete
a a a a a
,
, Chapter 1 a
Conceptual & Case Analysis a a a
a FrameworksforFinancialReporting a a a
A brief description of the major points covered in each case and problem.CASES
a a a a a a a a a a a a a
Case 1-1 a
In this case, students are introduced to the difference in accounting for R&D costs between IFRS and
a a a a a a a a a a a a a a a a
ASPE and asked to provide arguments to support the different standards.
a a a a a a a a a a a
Case 1-2 (adaptedfroma case prepared by Peter Secord, Saint Mary’s University)
a a a a a a a a a a a a
In this real life case, students are asked to discuss the merits of historical costs vs. replacement costs. Actual
a a a a a a a a a a a a a a a a a a
note disclosure from a company’s financial statements is provided as background material.
a a a a a a a a a a a a
Case 1-3 (adaptedfroma case prepared by Peter Secord, Saint Mary’s University)
a a a a a a a a a a a a
, A Canadian company has just acquired a non-controlling interest in a U.S. public company. It must decide
a a a a a a a a a a a a a a a a
whether to use IFRS or U.S. GAAP for the U.S. subsidiary. Financial statement information is provided
a a a a a a a a a a a a a a a a
under IFRS and U.S. GAAP. The reasons for some of the differences in numbers must be explained and an
a a a a a a a a a a a a a a a a a a a
opinion provided as to which method best reflects economic reality.
a a a a a a a a a a
Case 1-4 a
This case is adapted from a CPA Canada case. A private company is planning to go public. Analysis and
a a a a a a a a a a a a a a a a a a
recommendations are required for accounting issues related to purchase and installation of new
a a a a a a a a a a a a a
information system, revenue recognition, convertible debentures and doubtfulaccounts receivable.
a a a a a a a a a a
Case 1-5 a
This case is adapted from a CPA Canada case. A private company is planning to transition from ASPE to
a a a a a a a a a a a a a a a a a a a a
a IFRS. Analysis and recommendations are required for accounting issues related to convertible
a a a a a a a a a a a
debentures, unusual item,revenue recognition, contingencyand impairment.
a a a a a a a a
