Instructions
In this course, the case method is used to enable you to apply concepts, share ideas and improve communication skills. In this course, there are four cases to complete, which includes your final exam. Through case work you will discover for yourself the usefulness of concepts, how to apply them in practice and their benefit to organizational decision-makers.
The expectation is to complete the required cases during specific units. This is the best way for you to prepare for the final exam case question. Effective analysis consists of quantitative and qualitative analysis in order to provide a well-rounded solution.
Some of the benefits you will gain from completing case analyses are as follows:
- To develop an ability to identify and assume an assigned role
- To be able to identify and rank the importance of explicit issues
- To understand the importance of hidden (undirected) issues that arise from a detailed analysis
- To identify accounting issues, assess their implications, generate alternatives, and provide recommendations within the bounds of ASPE/IFRS rules to meet the client’s needs
- To understand how accounting standards affect financial measures (ratios, covenants, etc)
- To prepare a coherent report and integrated analysis that meets specific user needs
NOTE: High scoring papers will provide the following information:
- Identification of the issue.
- Discussion of the issue including identification of alternatives for solving the issue.
- Application of case facts against IAS rules found on IFRS.org (or ASPE rules found in your text) to determine appropriate treatment.
-
Conclusion
on appropriate treatment for the issue.
All students are required to register with IFRS.org in order to gain access to the IAS rules. Please click here to get instructions on how to register.
Required Materials
Lento, C., & Ryan, J. (2016). Canadian financial accounting cases (2nd ed.). Toronto, Canada: John Wiley & Sons Canada, Limited. (pp. 155-156)
You will be required to leverage the Intermediate Accounting II: Liabilities and Equities textbook as well provide the applicable IAS and/or ASPE rules when solving the case.
Hint: The accounting for loyalty programs is not explicitly addressed by ASPE. Under IFRS, IFRIC Interpretation 13 Customer Loyalty Programmes will need to be reviewed prior to answering one of the issues. Access to the interpretation can be found on the IFRS.org website.
Evaluation
Case Analysis 1 will be marked in its entirety out of 100. The following rubric indicates the criteria students are to adhere to, and their relative weights to the assignment overall.
| Activity/Competencies Demonstrated | % of Final Grade | |
| 1. | Identification and Analysis of Issues (80%) | |
| Issue 1: Revenue Recognition of the Initial Fee | /15 | |
| Issue 2: Initial Fee Return Guarantee | /20 | |
| Issue 3: Power Points | /20 | |
| Issue 4: Fee Membership for Life Challenge | /25 | |
| 2. | Recommendation (10%) | |
| a. Provides appropriate recommendation given the case facts and analysis completed | /10 | |
| 3. | Attention to Detail (10%) | |
| a. Spelling, grammar, and formatting | /10 | |
| Total | /100 |
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