ASPE: Review of The Standards

ASPE: Review of The Standards
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.

DL22230011

Recorded: September 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 While we make an effort to keep our inventory updated and seasonally remove outdated titles, changes in accounting, tax and other acts and legislations can happen at any time.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. 

Standards represent one of the more self-contradictory elements of life: while some people condemn standards for controlling and restricting their behavior, others perceive standards as moral and ethical principles that guide their lives.  To shed additional light on the topic of standards, this two-day seminar reviews commonly used sections of Part II – Accounting Standards for Private Enterprises (ASPE), and discusses other aspects of the standard. In addition, this seminar identifies and outlines the accounting policy choices available to management for applying ASPE.

The delivery of material takes an authentic, real-life approach in providing examples and exercises that pertain to newer or more common concepts of accounting used by private enterprises. Other activities focus on areas recent struggles or challenges may have been identified.  This seminar covers ASPE standards that have been changed and have implementation dates in the near future.  Finally, it informs participants of current developments in standards that are expected to be introduced during the next year.

The objective of this seminar is to provide participants with a solid introduction and understanding of ASPE.   The seminar will also cover ASPE standards currently under development that are expected to be introduced during the next year.

LEARNING OBJECTIVES

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

  • Better understanding of the ASPE Standards, in particular areas that are seen commonly in practice
  • Become familiar with recent updates to the Standards
  • Application of the Standards through selective examples and financial statement presentation and disclosure examples

CONTENT

  • Accounting standards framework and general standards
  • Financial statement presentation
  • Financial statement disclosures
  • Inventory
  • Financial instruments
  • Tangible and intangible assets
  • Investments
  • Leases
  • Income taxes
  • Shareholder equity
  • Revenue and other expenses
  • Other standards
  • Sample financial statements
  • Note disclosure examples
  • Transition guidance(appendix)

WHO WILL BENEFIT
Most accounting and tax professionals will acquire substantial gains from this seminar, especially:

  • Practitioners seeking a robust and complete review of ASPE
  • Accounting and tax professionals working with not-for-profit organizations
  • Individuals involved in the not-for-profit sector seeking knowledge of ASPE measurement, recognition, presentation, and disclosure requirements

PREREQUISITE: 
Participants should be familiar with the CPA Handbook – Accounting Part II.

CPD- 14 Hours 

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