ASPE - Overview of Revenue

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 provides a review of Section 3400 with emphasis on general recognition criteria as well as criteria for multiple-element arrangements and long-term contracts. The course supports a deeper understanding of how revenue requirements apply in practice and strengthens your ability to interpret and apply the standard effectively.

Course Content:

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

• Overview of core ASPE revenue concepts, such as recognition criteria, determination of when the percentage completion or completed contract method of revenue recognition can be used and determination of whether there are multiple revenue elements in an arrangement and how to allocate the selling price to each element
  
• Key disclosure areas for revenue, including whether the presentation of revenue should be gross or net
  
• Overview of foundational topics related to customer acceptance, bill and hold arrangements and upfront  non-refundable fees
  
• Illustrative examples, exercises, and sample disclosures that reinforce your understanding of the practical application of ASPE - Revenue
  

Learning Objectives:

Upon completing this course, you should be able to: 

• Describe ASPE disclosure requirements for revenue
  
• Identify and explain recent updates to ASPE and their impact on financial reporting
  
• Apply ASPE revenue concepts using examples that illustrate accounting presentation and disclosure considerations
  

Who Will Benefit: 

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

• Practitioners seeking an overview of revenue
  
• Accounting and tax professionals working with private enterprises or not‑for‑profit organizations
  Individuals looking to strengthen their knowledge of ASPE presentation and disclosure requirements