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ASPE - Update

CPD Hours: 2 |

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ASPE - Update
ASPE - Update

Available


Summary

     

    Overview: 

    One of the many things lost in the excitement of a new year includes the reality of new accounting standards. This course is for participants who want to keep up with accounting standard changes and projects. It will review recent revisions to Part II - Accounting Standards for Private Enterprises (ASPE), starting with an overview of the changes, followed by specific examples detailing their implementation. In addition, you will receive practical guidance on common deficiencies in ASPE financial statements.

     

    The course is best suited to professionals who are involved in the preparation and analysis of financial statements for small- and medium-sized entities, and practitioners who provide assurance on these financial statements, who want to ensure they are aware of recent changes in ASPE standards and other hot topic areas. It will also create awareness of potential future changes in the standards by covering projects that are being worked on, as well as areas that standard setters are discussing.

     

     

    Course Content:

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

    • Cash surrender value of insurance contracts
    • Cloud computing arrangements
    • Related party combinations 
    • Upfront non-refundable fees
    • Subsequent measurement of goodwill and acquired intangible assets
    • Status of AcSB projects (scaling the standards, financial statement concepts)
    • Common deficiencies in ASPE financial statements and other “hot topics” including practical examples that practitioners and financial statement preparers may encounter

     

    Learning Objectives:

    Upon completing this course, you should be able to:

    • Apply and explain new ASPE standards with effective dates in 2024 and beyond
    • Identify changes and improvements in relation to “common deficiencies”
    • Locate relevant publications (with links)

     

    Who Will Benefit:

    Professionals who are involved in the preparation and analysis of financial statements for small and medium-sized entities, and practitioners who provide assurance on these financial statements.