Key Updates, Exposure Drafts, and Common Financial Reporting Errors.
The objective of the Accounting Update is to provide practitioners and firms with an overview of recent changes to Accounting Standards for Private Enterprises (ASPE) and Accounting Standards for Not-for-Profit Organizations (ASNPO), as well as review the status of projects in 2024.
The course will review common financial statement presentation and reporting errors found by Practice Inspectors and our experience as Completed File monitors.
ASPE:The course will examine recent handbook additions, specifically Related Party Combinations, which contains additional guidance and clarifications to s. 3840, as well as new exposure drafts, Insurance Contracts with Cash Surrender Value, and other projects such as the Subsequent Measurement of Goodwill and Acquired Intangible Assets.
ASNPO:The course will examine active ASNPO projects, specifically the recent exposure draft on Contributions – Revenue Recognition and Related Matters.
Specific topic areas will include:
This course is ideal for:CPAs in industry and public practice. Focus is on standard updates, therefore suited to experienced CPAs, senior accountants, managers and partners or directors.
AJAG Professional Development was founded in 2003 with a mission of making professional development easier and more cost-effective for Canadian accountants and other financial advisory professionals. Our comprehensive range of flexible and reasonably-priced courses, programs and seminars are delivered online and in classroom-style settings in the Greater Toronto Area (Toronto, Oakville and Markham). AJAG features a roster of highly-qualified instructors who deliver content that is pertinent, up-to-date and engaging.
Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.
Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.
