Description

Test Bank & Solution Manual & PowerPoint for Modern Advanced Accounting in Canada, 11th Edition

By Darrell Herauf

Overview of the Book

Modern Advanced Accounting in Canada, 11th Edition by Darrell Herauf is regarded as the most current and technically accurate text on advanced accounting in the Canadian context. This edition continues to be a reliable and trusted resource for students and instructors involved in advanced accounting courses. It has maintained its reputation for providing comprehensive coverage of advanced accounting topics with the most up-to-date content and teaching methodologies.

The 11th Edition is fully compliant with International Financial Reporting Standards (IFRS), ensuring it aligns with global standards in key areas such as business combinations, foreign currency transactions, and intermediate accounting topics. Additionally, it addresses the specific reporting requirements for private enterprises and not-for-profit organizations, making it a versatile choice for a wide range of accounting programs.

This edition continues the emphasis on a direct approach to preparing consolidated financial statements and a “building block” development of consolidation fundamentals. This method helps students understand the complexities of consolidations in a practical and structured way, reinforcing key concepts and skills.

Key Features of the 11th Edition

International Financial Reporting Standards (IFRS) Compliance

The 11th Edition is completely aligned with IFRS, ensuring that students are learning using the most current global standards. Topics such as business combinations, foreign currency transactions, and the reporting requirements for private enterprises and not-for-profit organizations are covered in detail.

Canadian Context

All financial statement extracts in the text are taken from Canadian entities, ensuring that students are exposed to relevant and practical examples of accounting in Canada. This helps to connect theoretical concepts with real-world Canadian business practices.

Consolidated Financial Statements

Herauf/Hilton’s approach emphasizes the importance of learning how to prepare consolidated financial statements, using a direct, step-by-step method. This approach strengthens the foundational understanding of consolidations, which is essential for students pursuing advanced accounting careers.

Reporting for Private Enterprises and Not-for-Profit Organizations

This edition includes comprehensive content on the reporting requirements for both private enterprises and not-for-profit organizations, making it a comprehensive resource for a wide variety of accounting topics.

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