ASNFPO - Update 2022

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

This seminar will provide an information update on recent revisions to the CPA Canada Handbook –Part III, Accounting Standards for Not-for-Profit Organizations (ASNFPO). In addition, revisions will be discussed to Part II, Accounting Standards for Private Enterprises (ASPE) where they are applicable to NFPOs.

Participants will first be provided with an overview of changes to ASNFPO, followed by discussion of major projects and impact on NFPOs. Then the revisions and projects in ASPE are discussed that are applicable to NFPOs.

Participants will be able to utilize this information on proposed changes to the standards to provide guidance to NFPOs and board members.

The seminar is best suited to professionals who are involved in the preparation and analysis of financial statements using ASNFPO, practitioners who provide assurance on these financial statements and CPA’s who volunteer on Boards for NFPOs.

CONTENT

• Accounting Standard Improvements to ASNFPO’s Standard
  • Combinations – Initial Measurement and Related Disclosures
• Projects
• Contributions Revenue Recognition and Related Matters
• Cloud Computing
• Financial Statement Concepts.
• Matters NFPO Committee
• Impact of Covid-19 on accounting for NFPOs

KEY TAKEAWAYS

• Explain implications of new standard on Combinations – Initial Measurement and Related Disclosures and projects on Contributions –Revenue Recognition and Related Matters, Cloud Computing and Financial Statement Concepts.
• Summarize future developments in ASNFPO.
• Review matters discussed by Not-For-Profit Advisory Committees.
• Explain amendments to ASPE rent concessions due to Covid-19 and annual improvements that impact NFPOs.
• Identify impact of Covid-10 on accounting for NFPOs.
• List relevant publications (with links). 

PREREQUISITE KNOWLEDGE

WHO WILL BENEFIT

Professionals who are involved in the preparation and analysis of financial statements for NFPO’s and practitioners who provide assurance on these financial statements using ASNFPO.

PRICING

Status: Registration closed on Jan 27, 2023

LOCATION

Online

SPEAKER(S) BIO

Jessica N. Di Rito, CPA, CA is a manager at Lipton LLP, and provides assurance, advisory, and taxation services to clients in various industries. She has experience in addressing accounting issues in various industries, including real estate, construction, and manufacturing, in both IFRS and ASPE. She is also a professor and lab instructor at the Schulich School of Business. She is also involved in the technical review of intermediate accounting textbooks, and the development of CPA Ontario professional development courses. She received her Bachelor of Business Administration from Schulich, and was a member of the UFE Honour Roll.