Chapter 1, Introductory Cases Dublin Small Animal Clinic, Inc. 1 page; introductory



Download 76.24 Kb.
Page27/56
Date25.01.2021
Size76.24 Kb.
1   ...   23   24   25   26   27   28   29   30   ...   56

Best uses:


Undergraduate intermediate accounting

First-year MBA/Executive MBA Financial accounting

Financial reporting

Financial statement analysis

Valuation

Use with:


Business Combinations (Chapter 7)

  1. Thomson’s Acquisition of Reuters (B)

7 pages; intermediate

IFRS reporting

Change to IFRS reporting


This case shows reported net income and shareholders’ equity under both Canadian GAAP and IFRS. It also includes an explanation of Canadian GAAP and IFRS rules for each item that Thomson Reuters would report differently under IFRS.

The case can be used in combination with Thomson (A) to consider differences between Canadian GAAP (which is similar to U.S. GAAP) and IFRS. It can also be used to discuss how difficult it would be to change from either Canadian or U.S. GAAP to IFRS. To facilitate that discussion, the case includes Thomson Reuters’ request to adopt IFRS early. The firm expects that to be a simple conversion because Reuters already reports using IFRS. Most U.S. firms own overseas operations that also report locally using IFRS, so many of them could easily convert to IFRS.





Share with your friends:
1   ...   23   24   25   26   27   28   29   30   ...   56




The database is protected by copyright ©essaydocs.org 2020
send message

    Main page