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Unformatted text preview: ue, disc losures are provided. Anot her
issue t o not e here is of f - balanc e sheet f inanc ing arrangement s and report ing. Of f - balanc e sheet
f inanc ing involves borrowing f unds in suc h a way t hat t he liabilit ies are not rec orded
Ac t ivit y 2- 4: Present at ion of Long- T erm Debt
T his ac t ivit y will provide an opport unit y f or you t o reinf orc e your underst anding of disc losures
Read and answer eac h part of t he exerc ise prior t o looking at t he answer provided under
Solut ions on your c ourse Home Page.
P art A : P ract ice Exercises 1. Complet e Exerc ise E14- 29 on page 944.
2. Complet e Exerc ise E14- 31 on page 945.
F ile: Topic 5: IF RS and GAAP C omparison
Mo dule 2: Lo ng- T e r m F ina nc ia l... T opic 5: IFRS and GAAP C omparison
T he ac c ount ing st andards in c urrent Canadian GAAP f or long- t erm debt are not signif ic ant ly
dif f erent f rom t he IAS st andards. Ref er t o Illust rat ion 14- 13, on page 934 f or a summary of
dif f erenc es in ac c ount ing f or long- t erm f inanc ial liabilit ies bet ween ac c ount ing st andards f or
privat e ent erprises and IF RS.
https://blackboar d.tr u.ca/webct/ur w/lc5122001.tp0/cobaltM ainFr ame.dowebct 8/9 9/10/13 Blackboar d Lear ning System Bot h, IF RS and GAAP report long- t erm liabilit ies at it s amort ized c ost using t he ef f ec t ive int erest
met hod, unless measured at f air value under t he f air value opt ion.
F ile: Assignment 2
Mo dule 2: Lo ng- T e r m F ina nc ia l... Assignment 2
Int roduc t ion
Y ou are now ready t o c omplet e t he assignment . Bef ore you begin, please review t he assignment
Guidelines t o ensure t hat you f ollow t he c orrec t proc edure f or submit t ing your assignment s.
When you have c omplet ed t he assignment , send it t o your Open Learning F ac ult y Member and
begin t he next module. Please c ont ac t your Open Learning F ac ult y Member if you have any
quest ions regarding t he assignment .
T his assignment is wort h 3 per c ent of your c ourse grade.
Inst ruc t ions
Complet e t he assignment quest ions list ed below. All t he assignment quest ions c an be f ound in
your t ext book.
Exerc ise E14- 15, page 941 (20 marks) Exerc ise E14- 19, page 942 (20 marks) Problem P14- 3, pages 946–947 (30 marks) Problem P14- 5, page 947 (30 marks) Print Sav e to F ile https://blackboar d.tr u.ca/webct/ur w/lc5122001.tp0/cobaltM ainFr ame.dowebct 9/9...
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This note was uploaded on 02/05/2014 for the course BUS 370 taught by Professor Andreathomas during the Spring '13 term at Capital University.
- Spring '13