Formerly Titled: “ASPE – A Survey of Standards”

This two-day seminar is designed to review Part II – Accounting Standards for Private Enterprises (ASPE) from cover to cover, encompassing all sections and guidelines. In addition, this seminar will identify and outline the accounting policy choices available to management in applying ASPE. Examples and exercises will cover some of the newer or more common concepts of accounting used by private enterprises or areas where practice review has identified struggles or challenges. A high level overview to address ASPE application for not-for-profit organizations will also be included.


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

  • Better understanding of the ASPE Standards, in particular areas that are seen commonly in practice
  • Become familiar with recent updates to the Standards
  • Application of the Standards through selective examples and financial statement presentation and disclosure examples


  • Accounting standards framework and general standards
  • Financial instruments
  • Tangible assets
  • Long-term assets
  • Non-financial liabilities
  • Shareholder equity
  • Revenue and other expenses
  • Other disclosures and other matters
  • Sample financial statements
  • Numerous note examples
  • Transition guidance (appendix)


Those seeking a robust and complete review of ASPE. Individuals involved in the not-for-profit sector may also find this seminar useful because of the ASPE measurement, recognition, presentation and disclosure requirements applicable to not-for-profit accounting and reporting.