Interactive learning and teaching applications for financial and management accounting.
INTERMEDIATE FINANCIAL ACCOUNTING I
An overview of the IFRS mixed-attribute measurement model for assets.
Application title: MAMMAIFRS
Reconciling the difference between (a) costs of goods sold and (b) cash paid to inventory suppliers.
Application title: SCF-COGS
Reconciling the difference between (a) sales revenue less bad debts expense and (b) cash received from customers.
Application title: SCF-Revenue
Analysis of current and prior period errors in accounting for inventory and their impact on cost of goods sold, profit, and retained earnings.
Application title: Inventory Analytics
Accounting for notes receivable and payable under the amortized cost model using either the effective-interest-rate or straight-line method.
Application title: Notes Receivable & Payable
Accounting for installment notes receivable and payable: the principal and interest payments of installment notes are blended.
Application title: Installment Notes Receivable & Payable
Accounting for performance obligations satisfied over time under IFRS 15 [Revenue from Contracts with Customers] and using the percentage of completion method, cost-to-cost basis.
Application title: Percentage of Completion
Accounting for revaluation increases and decreases, impairment losses, and impairment loss reversals in accordance with IAS 16 [Property, Plant and Equipment] and IAS 36 [Impairment of Assets] and the Revaluation Model.
Application title: CapitalAssetRevaluation
Accounting, in accordance with IFRS, ASPE, or U.S. GAAP for the impairment of non-financial long-lived assets [(i) property, plant and equipment, (ii) long-life intangible assets, (i) indefinite life intangible assets, and (iv) goodwill].
Application title: Impairment of Non-Financial Long-Lived Assets
INTERMEDIATE FINANCIAL ACCOUNTING II
Accounting for premium promotional programs (i) under traditional GAAP's expense approach, and (ii) under IFRS 15's [Revenue from Contracts with Customers] contract-based approach.
Application title: Premium Promotional Programs
Borrower's accounting for non-convertible bond liability life-cycle events: issuance; interest accruals and payments; issuance costs and discount/premium amortization; retirement; settlement at maturity.
Application title: BondBeagle
Borrower's accounting, in accordance with IFRS and Canadian ASPE, for an exchange of debts instruments with an existing lender.
Application title: Troubled Debt Restructuring
Accounting for the various ways of settling a non-convertible financial liability.
Application title: Settling Financial Liabilities
Accounting for share issuance transactions.
Application title: Share Issuance Transactions
Borrower's accounting, in accordance with International Financial Reporting Standards (IFRS) or US Generally Accepted Accounting Principles (US GAAP), for bond liabilities that are convertible at the investor's option and callable at the issuer's option.
Application title: BondTerrier
Borrower's accounting in accordance with IFRS for bond liabilities that are convertible at the issuer's option ("mandatory convertibles").
Application title: BondLabrador
Calculating Basic EPS [with or without preferred shares; with or without discontinued operations].
Application title: Basic EPS [available per WAOS]
Calculating weighted average outstanding common shares for Basic EPS [shares issuance, retirement, stock splits, reverse-stock splits, stock dividends].
Application title: Basic EPS [WAOS]
Calculating Diluted EPS.
Application title: Diluted EPS
Variance analysis. Adapted from Waltham Motors Division (case no. 184-169, Harvard Business School Publishing), a case study created by Professor William J. Bruns, Jr.
Application title: Waltham
Cost structure and contribution margin analysis; product-line profitability and budget analysis. Adapted from Hilton Manufacturing Company, Case No. 192-063, Harvard Business School Publishing.
Application title: Hilton
Cost-volume-profit and variance analysis under (i) variable costing and (ii) absorption costing. Includes production (denominator) volume variance analysis. Adapted from Solartronic, Inc (pages 444/5, Management Control Systems, Twelfth Edition, Robert N. Anthony & Vijay Govindarajan, 2007, McGraw-Hill Irwin), a case study written by Professor M. Edgar Barrett.
Application title: Solartronics
Profit Variance Analysis: A Strategic Perspective
Application title: Pelican
FINANCE, MANAGEMENT ACCOUNTING, INCOME TAX
Capital investment analysis [long-term differential (relevant) cost and revenue analysis]. The impact of capital asset dispositions and acquisitions on (i) the undepreciated capital cost (UCC) of the asset's class, (ii) Canadian taxable income, and (iii) the present value of cash flows.
Application title: CCATaxPVCash
© Brian Conheady [for educational use]