Online Seminar

PSAS - Update 2022

Jan 25, 2023

Online

DATE

JAN 25

2023

TIME

8:30 AM - 12:30 PM

WHO CAN ATTEND

All

PD HOURS

3.5 Hours

ETHICS HOURS

0 Hours

STATUS

Registration closed on

Jan 22, 2023

EVENT DESCRIPTION

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NOTE: This course description has been revised and reflects updates for 2022. If you have any questions, please contact pdevents@cpaontario.ca

As the Public Sector Accounting (PSA) Handbook continues to evolve at a rapid pace, users of public sector accounting standards may find it difficult to keep up. This course provides a review of sections in the PSA Handbook that have recently undergone addition or will soon come into effect. Furthermore, this seminar examines pending sections along with ongoing key projects and activities of the PSA Board. In order to relate the course to real life, the session will provide background information and examples to assist participants understand these changes.

This course is being offered to:

  • Improve general awareness of the changes to the PSA Handbook allowing participants to better position themselves to plan for the changes and to advise others.
  • Provide real life examples and scenarios that will allow participants to engage in meaningful discussions to help clarify concepts with the assistance of others.

Topics covered in this course include:

  • PS 3280 – Asset Retirement Obligations
  • PS 3160 – Public Private Partnership
  • PS 3400 – Revenue
  • PS 3450, PS 2601, PS 3041, PS 1201 - Financial Instruments Narrow Scope Amendments and related sections, including the use of the Statement of Re-measurement Gains and Losses and explanations.
  • Update on current projects underway:
    • A review and udpate of the conceptual framework and new reporting model
    • Employee future benefits
    • Governent not-for-profit strategy
    • Annual Improvements update for most recent updates (if applicable)
    • Review of other projects in progress and how the impact may play out
    • Potential PSA projects & emerging public sector issues
    • Summary of recent PSADG meetings since 2021
This is an online, on demand session that is available 24 hours a day, seven days a week. Once registered, you can access the course material for a 30-day period.

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

  • Describe an overview of the new and pending PSAS sections with an understanding of how such standards relate to existing PSAS Handbook sections.
  • Understand the current PSAB projects so partipants can decide what projects they may want to provide stakeholder feedback on to the PSAB and staff.
  • Apply the standards in practice.

Professionals working in or serving local governments, senior governments, crown corporations and agencies or other public sector entities

Participants should have either taken PSAS – Review of the Standards or have a general working knowledge of existing Public Sector Accounting Standards (PSAS).

PRICING

$163.00 Personal Passport

$190.00 Organization Passport

$261.00 Member

$261.00 Student

$317.00 Public

Status: Registration closed on Jan 22, 2023

LOCATION

Online

SPEAKER(S) BIO

Melanie Joseph CPA, CA has over 20 years of experience working with private and public sector entities. She obtained her Masters in Accountancy from the University of Waterloo and currently works as a Principal in Grant Thornton LLP’s National Accounting Standards group. Melanie develops publications and training courses for her firm and works with clients dealing with complex accounting matters. She is also an active member of a number of accounting advisory groups including CPA Canada’s Private Enterprise Advisory Committee.

SPECIAL INSTRUCTIONS

This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.

Electronic material can be accessed one week prior to the course at https://pdlms.cpaontario.ca/ and should be downloaded in advance.

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