ASNFPO - Update
CPD Hours: 3.5 |
Note: The Live Virtual course is presented in collaboration with CPABC. The content is applicable to all participants. If you have questions regarding this course, please contact pdregistration@cpaalberta.ca.
Overview:
In the field of accounting, the more things change, the less they stay the same. Not-for-profit accounting is no exception to this rule. This course will review recent and proposed revisions to Part III - Accounting Standards for Not-for-Profit Organizations (ASNFPO) and Part II – Accounting Standards for Private Enterprises (ASPE), where applicable for NFPOs.
You will first be provided with an overview of changes to ASNFPO, followed by a discussion of major projects and their impact on NFPOs. Then the revisions and projects in ASPE are discussed that are applicable to NFPOs.
You will be able to utilize this information on proposed changes to the standards to provide guidance to NFPOs and board members.
This course 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 CPAs who volunteer on Boards for NFPOs.
Course Content:
In this course, you will gain knowledge about the following topics:
- ASNFPO
- Exposure Draft
- Contributions Revenue Recognition and Related Matters
- Insurance Contracts with Cash Surrender Value
- Consultation Paper
- Scaling the Standards
- Projects
- Evaluating the Preface
- Financial Statement Concepts
- Reporting Controlled and Related Entities
- Matters NFPO Advisory Committee
- Exposure Draft
- ASPE (where relevant NFPOs)
- Exposure Draft
- Revenue-Upfront Non-refundable Fees or Payments
Learning Objectives:
Upon completing this course, you should be able to:
- Describe implications of Exposure Draft - Contributions –Revenue Recognition and Related Matters, Insurance Contracts with Cash Surrender Value and Revenue – Upfront Non-refundable Fees or Payments
- Describe developments of other projects Evaluating the Preface, Financial Statement Concepts, Reporting Controlled and Related Entities, and Consultation Paper Scaling the Standards
- Summarize future developments in ASNFPO
- Relevant matters discussed by Not-For-Profit Advisory Committees
- List relevant publications (with links)
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.
More Information
| Competency | Accounting |
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