SOLUTION MANUAL
Modern Advanced Accounting In Canada
10th Edition By Darrell Herauf, Chima
Mbagwu
Chapters 1 - 12, Complete
,
, Chapter 1 tb
Conceptual & Case Analysis Framewo tb tb tb tb
rks for Financial Reporting tb tb tb
A brief description of the major points covered in each case and problem.CASES
tb tb tb tb tb tb tb tb tb tb tb tb b
t
Case 1-1 tb
In this case, students are introduced to the difference in accounting for R&D costs betweenIFR
tb tb tb tb tb tb tb tb tb tb tb tb tb tb b
t
S and ASPE and asked to provide arguments to support the different standards.
tb tb tb tb tb tb tb tb tb tb tb tb
Case 1-2 (adapted from a case prepared by Peter Secord, Saint Mary’s University)
tb t b tb tb tb tb tb tb tb tb tb tb
In this real life case, students are asked to discuss the merits of historical costs vs. replacement costs.
tb tb tb tb tb tb tb tb tb tb tb tb tb tb tb tb tb t
b Actual note disclosure from a company’s financial statements is provided as background material.
tb tb tb tb tb tb tb tb tb tb tb tb
Case 1-3 (adapted from a case prepared by Peter Secord, Saint Mary’s University)
tb t b tb tb tb tb tb tb tb tb tb tb
, A Canadian company has just acquired a non-
tb tb tb tb tb tb tb
controlling interest in a U.S. public company. It must decide whether to use IFRS or U.S. GAAP for the
tb tb tb tb tb tb tb tb tb tb tb tb tb tb tb tb tb tb t
b U.S. subsidiary. Financial statement information is provided under IFRS and U.S. GAAP. The reasons
tb tb tb tb tb tb tb tb tb tb tb tb tb tb
for some of the differences in numbers must be explained and an opinion provided as to which met
tb tb tb tb tb tb tb tb tb tb tb tb tb tb tb tb tb
hod best reflects economic reality.
tb tb tb tb
Case 1-4 tb
This case is adapted from a CPA Canada case. A private company is planning to go public. Analysis a
tb tb tb tb tb tb tb tb tb tb tb tb tb tb tb tb tb tb
nd recommendations are required for accounting issues related to purchase and installation of new
tb tb tb tb tb tb tb tb tb tb tb tb tb tb
information system, revenue recognition, convertible debentures and doubtfulaccounts receivable.
tb tb tb tb tb tb tb b
t tb
Case 1-5 tb
This case is adapted from a CPA Canada case. A private company is planning to transition from ASP
tb tb tb tb tb tb tb tb tbtbtb tb tb tb tb tb tb tb tb
E to IFRS. Analysis and recommendations are required for accounting issues related to convertible
tb t b tb tb tb tb tb tb tb tb tb tb tb tb
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller nipseyscott. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $18.99. You're not tied to anything after your purchase.
