June 10, 2013
Two professors with the Department of Accounting Studies, Louise Martel and Diane Paul, took first place in the case study competition of the Canadian Academic Accounting Association (CAAA) – French category, for their case entitled Bonbons Hansel & Gretel inc. They received the award on June 1, 2013 at the annual CAAA Conference, held in Montreal this year, where the case study was presented.
Bonbons Hansel & Gretel inc. is based on the actual circumstances of a company takeover. In particular, it deals with the question of how to determine the fair market value of the assets acquired – a major consideration when accounting for corporate acquisitions. It is intended to help graduate-level public accounting students understand and apply the new IFRS 13 standard. The case illustrates the impact of choosing the right valuation approach or technique and the key assumptions made.
Note that Louise Martel and Diane Paul have now jointly won this award three times, taking first place in 2011 for their Floriculture du Suroit inc. case and, in 2006, for their Mythco Pharma inc. case. Professor Paul also received the award in 2007 for her Transition Therapeutics inc. case.
Congratulations to them both!