ASNFPO - Update
CPD Hours: 1.5 |
Overview:
This course 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.
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.
The 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 CPA’s who volunteer on Boards for NFPOs.
Course Content:
In this course, you will gain knowledge about the following topics:
- ASNFPO
- Exposure Draft and Feedback Statement
- Contributions Revenue Recognition and Related Matters
- Accounting Guideline
- AcG-21 Insurance Contracts With Cash Surrender Value
- Exposure Draft and Feedback Statement
- Projects
- Evaluating the Preface
- Financial Statement Concepts
- Reporting Controlled and Related Entities
- Subsequent Measurement of Goodwill and Acquired Intangible Assets
- ASPE (where relevant NFPOs)
- Amendment Standard
- Section 3400 - Revenue-Upfront Non-refundable Fees or Payments
- Consultation Paper
- Scaling the Standards
- Projects
- Detailed Review of ASPE Standards
- Evaluating the Preface
- Financial Statement Concepts
- Subsequent Measurement of Goodwill and Acquired Intangible Assets
- Amendment Standard
Learning Objectives:
Upon completing this course, you should be able to:
- Describe implications of Exposure Draft and Feedback Statement - Contributions –Revenue Recognition and Related Matters, and Accounting Guideline Insurance Contracts With Cash Surrender Value
- Describe developments in other projects. Detailed Review of ASPE, Evaluating the Preface, Financial Statement Concepts, Reporting Controlled and Related Entities, Subsequent Measurement of Goodwill and Acquired Intangible Assets and Consultation Paper Scaling the Standards
- Summarize future developments in ASNFPO
- Review 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 NFPOs and practitioners who provide assurance on these financial statements using ASNFPO.
More Information
| Competency | Accounting |
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