ASPE - Overview of General Standards

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. 

Note: This course was previously a part of ASPE – Review of the Standards.

Overview:

This course begins with an overview of the types of entities that use ASPE, knowledge of standards-setting activities and methods of keeping current. Then, you will explore key areas of recognition, measurement, presentation, and disclosure through practical examples and real life scenarios. The course supports a deeper understanding of how ASPE guidance applies in practice and strengthens your ability to interpret and apply the standards effectively.

Course Content:

In this course, you will gain knowledge about the following topics: 

• Core ASPE concepts such as general financial statement disclosures and presentation, and cash flow statement and share capital and equity classifications and presentation
  
• Commonly applied standards related to general balance sheet presentation and its classification, and general income statement presentation
  
• Key disclosure areas, such as measurement uncertainty and going concern
  
• Foundational topics related to understanding the translation of foreign currency and ASPE financial concepts and general principles
  
• Illustrative examples, exercises, and sample disclosures that reinforce your understanding of the practical application of ASPE
  

Learning Objectives:

Upon completing this course, you should be able to: 

• Describe ASPE requirements for commonly encountered general financial reporting areas for the topics covered below
  
• Identify and explain recent updates to ASPE and their impact on financial reporting
  
• Apply ASPE concepts using examples that illustrate accounting treatments, presentation, and disclosure considerations
  

Who Will Benefit: 

Most accounting and tax professionals will acquire substantial gains from this course, especially:

• Practitioners seeking an overview the ASPE topics outlined above
  
• Accounting and tax professionals working with private enterprises or not‑for‑profit organizations
  
• Individuals looking to strengthen their knowledge of ASPE measurement, recognition, presentation, and disclosure requirements