NFPO - Review Of Standards E-Learning

NFPO - Review Of Standards E-Learning
CPA Nova Scotia continues to offer on-demand modules. Many member feel that this convenient, economical and interactive course delivery is a perfect alternative for those having difficulty attending our in-class courses. Prior to the course commencement, you will be given password access to the online courseware via e-mail. Within this courseware, you will find instructions on how to work through the course, all necessary course materials, as well as a range of interactive learning activities designed to make studying on the Internet a rich and relevant experience



Please Note: An updated version of this course will be available in December 2019.  Also, the current material covers the standards as issued up to June 30, 2017. 

Organizations that operate in the not-for-profit sector are developing new operational models, increasing in complexity and are seeing an increasing need by financial statement users for transparency and comprehensive information. This seminar will discuss the application of accounting standards, with an emphasis on areas where choice exists, that are found in Part III- Accounting Standards for Not-for-Profit Organizations (ASNFPO) and relevant sections of Part II - Accounting Standards for Private Enterprises (ASPE). Participants will learn what choices are available when setting policies and their impacts on disclosure, and how to determine the appropriate accounting treatment for an organization given different facts and scenarios.

CONTENT

  • Determination of an appropriate accounting framework for an entity
  • Financial statement concepts
  • Contributions – revenue recognition
  • Contributions receivable
  • Inventories
  • Employee future benefits
  • Financial instruments
  • Long lived assets
  • Reporting controlled and related entities
  • Allocated expenses
  • Ongoing projects and potential impact of changes

PREREQUISITE KNOWLEDGE
Participants should be familiar with the CPA Handbook – Accounting Part III.

WHO WILL BENEFIT?
Professionals at all levels involved in the preparation and review of NFPO financial statements. Those involved in larger NFPOs may prefer to attend the seminar NFPO & Registered Charities – Accounting & Taxation. Government-controlled NFPOs must follow the Public Sector Accounting Handbook, which will not be addressed in this seminar.

Passport - 1 Day plus $70
Hours - 7

When
4/1/2019 - 8/31/2019
Where
On-line