Question
Student are required to find and use the CPA Handbook to review the recommended handling of GOODWILL with regard to long-lived assets (chapter 9). Specifically,
Student are required to find and use the CPA Handbook to review the recommended handling of GOODWILL with regard to long-lived assets (chapter 9). Specifically, in chapter 9 of our textbook (pages 9-27 to 9-28), there is a discussion regarding the accounting for Goodwill. The purpose of this assignment is to research the prescribed handling of this topic in the CPA Handbook, and to compare this to the textbook description. Your research of this topic in the Handbook should include one of the following conclusions: 1- Matches - Confirmation that the specific instructions found in the text regarding this topic match the CPA guidelines in the Handbook; 2- Alternative Treatment - Determination that the Handbook permits alternative treatment other than presented in the textbook, or; 3- Not Addressed - Show that the Handbook does not address this topic. Evaluation The quality of your response will be improved with the inclusion of specific references to the Handbook (i.e. paragraph reference numbers) to support your analysis and conclusion (i.e. one of the three conclusions above). The length of your submission should be no less than two pages and no more than five (double spaced). Due Date Several weeks are allowed to complete this assignment (due no later than last class week 14). Hints The CPA Handbook is a Humber College provided resource and can be found online. To access the Handbook browse the Humber Database List and search for CPA Canada Standards and Guidance Collection. Your research should be limited to the 2023 Edition. Your report should should consider whether similar treatment is prescrived under ASPE.
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