2 Summarize transactions between a parent and its subsidiaries and incorporate

2 summarize transactions between a parent and its

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2. Summarize transactions between a parent and its subsidiaries and incorporate them in the consolidated financial statements. 3. Analyze mergers and acquisition activity to demonstrate that IFRS requirements have been followed. 4. Contrast recent acquisitions to determine which should have most significant impact on future results for the acquirer. 5. Generate appropriate entries to record foreign exchange transactions for a fair value hedge and a cash flow hedge and translate financial statements from a foreign currency into Canadian dollars using appropriate foreign exchange rates for foreign operations. 6. Prepare journal entries for contributions received and disbursements made for Not-for-Profit organizations. 7. Distinguish the differences in recording transactions under different accounting methods and prepare the financial statements appropriate for the selected accounting method. 4.2 Course format Class time: Class time will consist of lectures, problem solving and discussion. Class discussion is expected so please be prepared for class. Solutions: This course has a NO PHOTOS policy. Students are not permitted to take pictures of work done in class by the professors. Official solutions to the assignment problems will be made available on OWL after the relevant material is covered by all sections. Assignment and Examinations: The assignments and the examinations will test the student’s comprehension of both the technical and conceptual aspects of the course. 5. Learning Outcomes See 4.1
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6. Evaluation 6.1 Midterm 1 (Chapters 1-5) (Friday Feb 7, 6:00 pm - 9:30 pm) 30% Hand-in Assignment (Chapters 5-7) (Due 11:00 pm, Friday, March 6) 10% Final Exam (Chapters 8-12)(During the Final Exam Period April 6-26) 35% Hand in Assignment (Due Date Saturday, April 4, by 6:00 pm) 15% Participation and homework problems 10% Exams are mixed in format (MC, Short Answer and Calculations). Each exam, in total, will be scheduled for 3.5 hours for mid-term and 4.0 hours for final exam and are closed book examinations. Dictionaries are NOT allowed into the examinations. CALCULATORS: Only non-programmable calculators will be allowed into the exams . If you are unsure, please ask your professor to check your calculator. Electronic devices of any kind (including cell phones and smart watches) are NOT permitted at exams. Students are responsible for material covered in the lectures as well as the assigned chapters/sections in the text. Mid-Term exam is scheduled for Friday, February 7,2020 location on Lecture Outline The final exam will be scheduled during the exam period. Exams will not be returned to students but may be reviewed in the instructor’s office. Students are REQUIRED TO COMPLETE ALL COMPONENTS of this course. There are no exceptions to this. Extra assignments to improve grades will NOT be allowed.
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