ASPE: Disclosure and Presentation

ASPE: 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: Access codes will be available after mid September. 
Course login details are normally sent to registrants within one week from date of registration.


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 While we make an effort to keep our inventory updated and seasonally remove outdated titles, changes in accounting, tax and other acts and legislations can happen at any time.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

The seminar will start with a basic private enterprise financial statement, showing the common presentation and disclosure requirements and will then build on those statements with additional disclosure and presentation matters. Each disclosure and presentation requirement of ASPE will be reviewed and examples will be provided. This full-day session reviews both basic and more advanced presentation and disclosure requirements, ranging from cash to cash flow; financial instruments to equity instruments; and known to contingent liabilities. 

The seminar will be delivered primarily through discussion of examples with some exercises.

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

  • Differentiate between the disclosure and presentation requirements within ASPE.
  • Identify the presentation and classification requirements for the balance sheet, income statement, statement of changes in equity and statement of cash flows.
  • Determine whether an asset or liability is required to be presented as current or long-term.
  • Determine what significant accounting policies require disclosure within the financial statements,
  • Prepare note disclosures in accordance with Sections 1000 through Section 3870 and related Guidelines in Part II of the CPA Canada Handbook – Accounting.

The seminar covers several areas of disclosure and presentation, including

  • Disclosure requirements provided in Part II of the CPA Canada Handbook – Accounting;
  • Application of professional judgment in developing sufficient disclosure;
  • Identification of options and policy choices in presentation of financial statements; and
  • Presentation and disclosure requirements in Sections 1000 through Section 3870 in the Guidelines in Part II of the CPA Canada Handbook – Accounting.

The material does not address recognition and measurement; therefore, a good working knowledge of the recognition and measurement standards would be beneficial.

This seminar is intended for Practitioners who serve private enterprises and Professionals who prepare financial statements for private enterprises.

CPD-7 Hours

4/1/2022 - 3/31/2023 11:59 PM