On Demand (eLearning)

ASPE - Comparison to IFRS

JAN 10 - Aug 31, 2022



JAN 10 - AUG 31



9:00 AM - 11:59 PM




7.5 Hours


0 Hours


Registration open until

Aug 31, 2022


Please note that the recording of this training activity was carried out during a training session from a previous season. However, the material that accompanies this webcast is the material for the current year and, therefore, some page numbers may have changed since recording. When listening to and viewing the PowerPoint presentation, it is important to consider references to module sections rather than references to specific pages.


This seminar examines the major differences between Part II - Accounting Standards for Private Enterprises (ASPE) and Part I - International Financial Reporting Standards (IFRS).  It will highlight major similarities and significant differences between the two sets of standards.

Course Description

Participants will learn about the major differences between Accounting Standards for Private Enterprises (ASPE) and publicly accountable enterprises using International Financial Reporting Standards (IFRS) with an eye toward giving participants the ability to identify the major similarities and significant differences between the two sets of standards and how these differences impact financial statements. You will also learn about the one-time considerations on transitioning between the two sets of standards. This will allow you to determine the appropriate standard for an entity and to explain the differences to interested parties e.g. Board members.

Learning Objectives

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

  • Identify the similarities and significant differences between ASPE and IFRS.
  • Review the impact of the differences on the company’s financial statements and ratios.
  • Identify how changes to IFRS will impact ASPE.
  • List relevant resources (with links).

Seminar Content

  • conceptual framework, fair value measurement
  • standards related to financial statement presentation, including non-current, non-financial assets, property, plant and equipment, investment property, agriculture, intangible assets and impairment
  • borrowing costs, assets held for sale, financial instruments, joint arrangements and investment
  • other liabilities, including asset retirement obligations, provisions, contingencies, employee benefits and income taxes
  • leases including amendments for rent concessions due to Covid-19 and revenue recognition
  • other standards, including inventories, subsequent events, government grants, foreign currency, consolidated financial statements, non-controlling interests, investments, related party transactions and stock based compensation
  • first-time adoption

Applicable For

CPAs who want to understand the key differences between IFRS and ASPE to determine which set of standards would be most appropriate for an entity and be able to explain the impact of the differences on the entity’s financial statements and the implications of using IFRS compared to ASPE. 


$325.00 Personal Passport

$380.00 Organization Passport

$479.00 Member

$479.00 Student

$589.00 Public

Status: Registration open until Aug 31, 2022




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.