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