Pejenca Industrial Supply LTD.
J. Austin Davey
January 27, 2016
In early June 2003, the president and major shareholder of Pejenca Industrial Supply Ltd.
Peter Charles was worrying about the cost of the companys
Zenith Security Ltd.
There are two main users of the financial statements: 1) Paolo Santiago, who wants a fair presentation of
the Ontario and Quebec regions; and 2) Jason Armand, who has a bonus based on the Ontario and
Quebec region operating income. Ja
Chapter 12 Goodwill and Other Intangible Assets
CICA Handbook, Section 3062, broadly defines intangible assets as: 1. Assets that are lacking in physical substance, and 2. Assets that are not financial instruments Examples of
Chapter 11: Amortization, Impairment, and Disposition Amortization Concept: Amortization (also known as depreciation) is a means of cost allocation It is not a method of valuation Amortization involves: allocating the cost of capital assets (less salvage
Chapter 10 Acquisition of Property, Plant and Equipment1
Property, Plant, and Equipment:
Also known as tangible capital assets, plant assets, and fixed assets Examples: land, building, equipment, and natural resource properties Major characteristics incl
Chapter 9: Investments
Three new Handbook sections substantially harmonized Canadian standards with FASB and IASB Section 1530-Comprehensive Income Section 3855-Financial Instruments-Recognition and Measurement Section 3865-Hedges Above s
Chapter 8: Inventory
Definition of Inventory (Section 3031.06): Inventories are assets: (a) held for sale in the ordinary course of business; (b) in the process of production for such sale; or (c) in the form of materials or supplies to be con
Chapter 7: Cash Receivables
Any asset that is: (i) cash; (ii) a contractual right to receive cash or another financial asset from another party; (iii) a contractual right to exchange financial instruments with another party under conditio
Chapter 1: The Canadian Financial Reporting Environment Characteristics of Accounting: Accounting identifies, measures, analyses, and communicates financial information to various users (decision makers) Accounting has two broad classifications: 1. Financ