Obtain the 2011 financial statements of Teck Resources Limited from SEDAR (www sedar com) Instructions (a) Using the notes to the consolidated financial statements, determine the company 's revenue recognition policy Comment on whether the company uses an aggressive or conservative method for repor...

Teck Resources Limited formerly Teck Cominco Limited December 31 2011 financial statements were used a Teck Cominco Limited recognizes revenue when price is reasonably determinable and the risks and r ...

Obtain the 2011 financial statements of Teck Resources Limited from SEDAR (www.sedar.com). Instructions (a) Using the notes

Question:

Obtain the 2011 of Teck Resources Limited from SEDAR (www.sedar.com).
Instructions
(a) Using the notes to the consolidated determine the company's revenue recognition policy. Comment on whether the company uses an aggressive or conservative method for reporting revenue.
(b) Give two examples of where historical cost information is reported in the and related notes. Give two examples where fair value information is reported in either the or related notes.
c) "When the company transitioned to IFRS, it had to restate its 2010 on the pros and cons of restating the The company adopted IFRS in 2011. Did the move to IFRS cause comprehensive income for 2010 to increase or decrease? "Why did this happen? Briefly identify the main adjustments required to move to IFRS. Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...