ASNFPO: Review of Standards

ASNFPO: Review of 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.

DL22230211

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 While we make an effort to keep our inventory updated and seasonally remove outdated titles, changes in accounting, tax and other acts and legislations can happen at any time.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

Participants will review the application of accounting standards, with an emphasis on areas where choice exists, that are found in Part III of the CPA Canada Handbook. These standards were drafted with the underlying premise that where transactions and circumstances are the same, there should be no difference in accounting from for-profit entities. As a result, participants will also review and analyze relevant sections of Part II of the CPA Canada Handbook, Accounting Standards for Private Enterprises (ASPE). Participants will learn what choices are available when setting policies, the impacts on disclosure, and participate in activities and exercises to strengthen the knowledge gains throughout this course.

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

  • Identify and analyze accounting issues specific to NPOs
  • Identify and explain where policy choices exist and their impacts on the organization
  • Determine significant issues in which disclosure is required
  • Determine which handbook and standard is relevant in a variety of circumstances
  • Interpret facts and scenarios to determine the appropriate accounting treatment for an organization

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
  • COVID-19 considerations and Handbook standards to consider
  • Allocated Expenses
  • Ongoing projects and potential impact of changes

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.

CPD-7 Hours
When
4/1/2022 - 3/31/2023 11:59 PM
Where
On-demand