On Demand (eLearning)

ASNFPO - Review of the Standards

JAN 10 - Aug 31, 2022

Online

DATE

JAN 10 - AUG 31

2022

TIME

9:00 AM - 11:59 PM

WHO CAN ATTEND

All

PD HOURS

7.5 Hours

ETHICS HOURS

0 Hours

STATUS

Registration open until

Aug 31, 2022

EVENT DESCRIPTION

NOTE: This course description has been revised and reflects updates for 2021. If you have any questions, please contact pdevents@cpaontario.ca

Course Description

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

Seminar 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

    Applicable To

    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.

  • PRICING

    $325.00 Personal Passport

    $380.00 Organization Passport

    $479.00 Member

    $479.00 Student

    $589.00 Public

    Status: Registration open until Aug 31, 2022

    LOCATION

    Online

    SPECIAL INSTRUCTIONS

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

    This is an online session. This course is available 24 hours a day, 7 days a week. Once registered, you can access the material at any time.

    However, you will only have access to the course for 30 days after REGISTRATION.

    Please allow at least four hours after registration for the seminar to appear on your BlackBoard page.

    To access the course please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.

    Registration, cancellation, withdrawal and all other CPA Ontario PD Seminar policies can be found here.