ASNFPO - Review of the Standards
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 the application of key accounting standards in Part III of the CPA Canada Handbook, with emphasis on areas where policy choices exist and where ASNFPO interacts with ASPE. You will learn how policy decisions affect recognition, measurement, and disclosure through examples and exercises that reinforce practical application.
Course Content:
In this course, you will gain knowledge about the following topics:
- Determining the appropriate accounting framework for an NFPO.
- Financial statement concepts and application considerations.
- Contributions revenue recognition and receivable treatment.
- Inventories and employee future benefits.
- Financial instruments and long‑lived assets.
- Reporting controlled and related entities.
- Allocated expenses.
- Ongoing projects and the potential impact of upcoming changes.
Learning Objectives:
Upon completing this course, you should be able to:
- Identify and analyze accounting issues specific to not‑for‑profit organizations.
- Identify and explain where policy choices exist and understand their implications for the organization.
- Determine significant issues requiring disclosure.
- Determine which handbook section and standard apply in a variety of circumstances.
- Interpret facts and scenarios to determine the appropriate accounting treatment.
Who Will Benefit:
- Professionals at all levels involved in preparing NFPO financial statements.
- Practitioners who review or audit NFPO financial statements.
- Professionals working in larger NFPOs who require deeper technical knowledge.
- CPAs seeking to understand policy choices and disclosure requirements in NFPOs.
- Individuals supporting governance or oversight roles within NFPOs.
More Information
| Competency | Accounting |
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