Accounting for Intangible Assets
Darren Henderson, David Fraser, 2013
This note discusses the accounting treatment of intangible assets under International Financial Reporting Standards and examines the necessary characteristics of intangible assets, specifically, identifiability, control and future economic benefit.
Accounting for Contingencies
Darren Henderson, 2011
This note discusses the appropriate accounting treatment for contingencies under International Financial Reporting Standards and identifies key differences relative to Accounting Standards for Private Enterprises. It also discusses how to decide whether a provision should be recorded and how to measure a provision.
Accounting for Stock-based Compensation
Darren Henderson, 2011
This note discusses the appropriate accounting treatment for stock-based compensation under International Financial Reporting Standards and briefly examines the differences relative to Accounting Standards for Private Enterprises.
An Overview of Risk and Risk Management
Murray J. Bryant, Ken Mark, 2011
This note serves to summarize how some managers and firms are approaching risk management, and to provide a risk assessment tool that can be used to complement current risk management frameworks.
Fortune Minerals — Adoption of IFRS
Chris Sturby, Melissa Jean, 2011
This case revolves around how a controller of a publicly traded mining company must make a series of recommendations to the chief executive officer and chief financial officer of the company as it prepares to adopt international financial reporting standards (IFRS). The controller also considers the recent International Accounting Standards Board (IASB) discussion paper on accounting for extractive resources and its possible implications to the company in the future.
Note on Financial Accounting: The Financial Accounting 'Term Sheet'
Matthew Sooy, Michael Saunders, Alex Solomos
This note, which serves as a glossary, was constructed to ease the transition of students into financial accounting courses. The glossary includes both foundational terms that are widely used and terms introduced in one or more common financial accounting cases. The terms are explained in a manner that aims to inform both novice and advanced students.
Note on Accounting for Property, Plant and Equipment
Chris Sturby, Gillian Heisz
This note provides an overview on accounting for property, plant and equipment under both Canadian GAAP and IFRS. It addresses recognition on property, plant and equipment, as well as impairment. Investment property is also addressed.