v SOLUTION MANUAL
Modern Advanced Accounting In Canada
10th Edition By Darrell Herauf, Chima Mbagwu
Chapters 1 - 12, Complete
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, Chapter 1 de
Conceptual & Case Analysis Framewor de de de de
ks for Financial Reporting de de de
A brief description of the major points covered in each case and problem.CAS
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ES
Case 1-1de
In this case, students are introduced to the difference in accounting for R&D costs between
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IFRS 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 c
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osts. Actual note disclosure from a company’s financial statements is provided as background ma
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terial.
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. GAA
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P for the U.S. subsidiary. Financial statement information is provided under IFRS and U.S. GA
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AP. The reasons for some of the differences in numbers must be explained and an opinion provi
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ded as to which method best reflects economic reality.
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Case 1-4 de
This case is adapted from a CPA Canada case. A private company is planning to go public. Ana
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lysis and recommendations are required for accounting issues related to purchase and installation
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e of new information system, revenue recognition, convertible debentures and doubtfulaccounts rec
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eivable.
Case 1-5 de
This case is adapted from a CPA Canada case.
de de de de de de de de dedede A private company is planning to transition fro
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m ASPE to IFRS. Analysis and recommendations are required for accounting issues related to
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convertible debentures, unusual item, revenue recognition, contingency and impairment.
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