Accounting $412$ Case Study help me

TSG Enterprises is a diversified multi$-$national corporation with its head office in Montreal

Canada. The company was established by brothers Derek and Damon Rush in the early $1970$s

and grew considerably over the years. To date, TSG Enterprises has over $45$ offices across

Canada and $60$ International offices. The Company$$s CEO, Derek Rush is in his $60$s and

thinking about retiring soon. The company$$s Canada operations are divided into two blocks, its

Eastern Block and it$$s Western Block. The Eastern Block is controlled by Derek while Damon

looks over operations in the Western Block. Their cousin, Dylan, takes care of all international

operations and has more than $35$ international managers reporting to him.

Over the years, the company has used ASPE for its financial reporting, but recently the brothers

were advised that adopting IFRS would be a better option. Derek is adamant and wants to

continue with ASPE while Damon started using IFRS for the Western Block last year. Both

Blocks $($divisions$)$ would be using IFRS from January $2019.$

Although the company has been tremendously successful, Derek$$s plans for retirement has

caused him to agree to offer shares to the public. The new shares would be issued at a price of $$5$

per share although their par value is only $$2.$ The market price of the share is $$3.$ The company

has $10,000$ shares currently outstanding and plans to issue $9,000$ new shares.

In one of it$$s Eastern division offices, the accountant was transferred to the human resources

department as a human resource manager after passing his CHRP designation. However, one

year after he was transferred he noticed that the new accou