ASNFPO - Disclosure and Presentation
CPD Hours: 7 |
Note: The Live Virtual course is presented in collaboration with CPA Western Provinces. The content is applicable to all participants. If you have questions regarding this course, please contact pdregistration@cpaalberta.ca
Overview:
You will review presentation and note disclosure requirements under Part III – Accounting Standards for Not‑for‑Profit Organizations (ASNFPO), along with selected disclosures from Part II – ASPE as relevant to NFPOs. You will use examples and short exercises to identify issues, compare presentation methods, and improve disclosure quality.
Course Content:
In this course, you will gain knowledge about the following topics:
- Key concepts underlying presentation and disclosure requirements under ASNFPO and relevant ASPE standards.
- Financial statement presentation, including the statement of operations, statement of financial position, statement of changes in net assets, and statement of cash flows.
- Accounting for contributions and the implications of different presentation methodologies.
- Disclosure requirements related to significant accounting policies, financial instruments, inventories, and capital assets.
- Reporting considerations for controlled and related entities, employee future benefits, related party transactions, and allocated expenses.
- Review and evaluation of sample financial statements using practical examples.
Learning Objectives:
Upon completing this course, you should be able to:
- Identify and analyze common NFPO presentation and disclosure issues and determine appropriate responses.
- Explain where policy choices exist and determine the level of disclosure needed to communicate those choices clearly.
- Interpret facts and scenarios to select appropriate presentation formats and note disclosures.
Who Will Benefit:
- Professionals involved in the preparation of not‑for‑profit organization financial statements.
- Professionals responsible for reviewing not‑for‑profit organization financial statements.
- Accounting and financial reporting professionals seeking to strengthen their understanding of ASNFPO presentation and disclosure requirements.
More Information
| Competency | Accounting |
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