ASNFPO-Disclosure and Presentation

ASNFPO-Disclosure and Presentation
Distance Learning (DL) courses are sessions that have been recorded from live, in-person offerings and made available as on-demand videos online, along with any corresponding course materials. Note these are purely self-study products and there will be no access to instructors for questions and answers. Each title qualifies for verifiable CPD hours upon successful completion of a quiz at the end of the session. Unlimited quiz attempts are available until the passing grade of 70% or better is achieved. After this, you will no longer have access to the quiz.



NOTE: Course login details are normally sent to registrants within one week from date of registration.

DL22230001


Recorded:
 October 2021 

Because the video recordings are taken from live seminars, the information presented is up-to-date at the time of recording. While we make an effort to keep our inventory updated and seasonally remove outdated titles, changes in accounting, tax and other acts and legislations can happen at any time. It is up to the purchaser to take note of the recording date, and to determine for themselves whether the recorded video is still relevant to their needs. 

This course will serve as a comprehensive review of the presentation and disclosure requirements faced by a not-for-profit organization when it applies ASNFPO and relevant ASPE standards.  Participants will review a variety of examples and learn to apply the disclosure requirements for a number of different areas that NFPOs regularly deal with.

LEARNING OBJECTIVES
By the end of this course, participants will be able to:

  • Identify and analyze accounting issues specific to NPOs and determine the appropriate disclosures required
  • Identify where policy choice exists and determine the appropriate level of disclosure required to communicate those choices to the user of the financial statements
  • Interpret facts and scenarios to determine the appropriate presentation and disclosure

CONTENT

  • concepts that drive the presentation and disclosure requirements
  • statement of operations presentation and related disclosures
  • statement of financial position presentation and related disclosures, e.g. financial instruments
  • statement of changes in net assets
  • statement of cash flow presentation and related disclosures
  • choosing a presentation methodology and understanding the different methods for accounting for contributions
  • review of sample financial statements using real world examples
  • disclosure of significant accounting policies
  • financial instruments
  • inventories
  • controlled and related entities
  • tangible and intangible capital assets and collections held by a not-for-profit organization
  • employee future benefits
  • other revenues and contributions
  • allocated expenses and interfund transfers
  • related party transactions
  • COVID 19 considerations and the impact on the financial statements
  • ongoing projects and potential impact of changes

PREREQUISITE
Participants should have an understanding of the CPA Handbook – Accounting Part III, with respect to measurement issues, or completion of the seminar NFPO – Review of the Standards.

WHO WILL BENEFIT
Professionals at all levels involved in the preparation and review of NFPO financial statements. Government-controlled NFPOs must follow the Public Sector Accounting Handbook, which will not be addressed in this seminar.

CPD-7 Hours

When
4/1/2022 - 3/31/2023 11:59 PM
Where
On-demand