Name: Financial Reporting Developments | ASPE reporting
Price: 99 CAD
Rating: 4.4 (102 reviews)

What You'll Learn

check_circleIdentify Units of Account: Understand and apply the criteria for segmenting or combining revenue contracts and handling multiple deliverables within a contract.

check_circleMultiple-Element Arrangements: Learn how to allocate arrangement consideration to deliverables in a revenue arrangement, utilizing stand-alone selling prices.

check_circlePercentage of Completion Method: Grasp the principles of revenue recognition using the percentage of completion method, including how to determine the percentage of completion, segment contracts, and handle contract costs and expected losses.

check_circleBill and Hold Arrangements: Understand the criteria for revenue recognition in bill and hold circumstances and recognize the key aspects of such arrangements.

check_circleUpfront Non-refundable Fees or Payments: Learn the guidelines for recognizing revenue from upfront non-refundable fees or payments, and how to handle these in different contract scenarios.

check_circleCapital Financing Best Practices: Gain insights into planning and strategies for capital financing in Canadian markets.

check_circleUnderstanding Market Dynamics: Analyze the current state of Canadian capital markets, including inflation, prime rates, and government policies affecting financing and investments.

About This Course

This course offers a comprehensive exploration of advanced topics in revenue recognition and reporting, as outlined in Section 3400 of the accounting standards. It delves into various aspects such as identifying units of account, multiple-element arrangements, the percentage of completion method, bill and hold arrangements, and upfront non-refundable fees or payments.

Additionally, the course covers best practices for capital financing and the latest updates in Canadian capital markets, including inflation concerns, the prime rate, and proposed excessive interest and financing limitation rules.

Topics Overview:

Identifying Units of Account: Understanding segmentation of revenue contracts and handling multiple deliverables.
Multiple-Element Arrangements: Techniques for allocating arrangement consideration and estimating stand-alone selling prices.
Percentage of Completion Method: Principles for revenue recognition, contract costs, and loss handling.
Bill and Hold Arrangements: Criteria for revenue recognition in specific circumstances.
Up-front Non-refundable Fees/Payments: Guidelines for recognizing revenue from upfront fees.
Canadian Capital Markets Update: Insights into inflation, prime rates, and financing strategies.
Excessive Interest and Financing Limitation Rules: Understanding the proposed EIFEL rules and their implications.

Your Instructors

Sophie Wang

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star1,319 reviews

I am Sophie, a Certified Public Accountant (CPA) with more than 10 years of experience and an Accounting degree, I love to bring expertise and practical knowledge to the table. Passionate about accounting, I enjoy simplifying complex concepts for students. My teaching style combines real-world examples with interactive methods, aiming to make accounting principles accessible. I am dedicated to nurturing aspiring accountants and professionals through workshops and mentorship, contributing actively to the field while staying updated with industry trends.

Carl Braun

Host

Business Solutions Manager from October 2019 to present Area Manager - Workforce Solutions Rural Capital Area from May 2019 to October 2019. Responsible for directing the efforts of an 8 person Business Consulting Team for the nine-county Rural Capital Area (the 9 counties that surround Austin (Travis). Deliver business services to more than 10,000 employers annually including access to grants, pandemic funding, training, recruitment and retention strategies and more. Work closely with other Workforce Boards, Texas Veterans Commission and Texas Vocational Rehabilitation Services. Established the Rural Capital Neurodiversity Project with VR partners. As a USAF veteran I closely support TVC intiatives and have two TVC Business Reps working with my team to serve our veterans and their families. Directing the efforts of the WSRCA Hiring Red, White and You Career Event both online and in Round Rock and San Marcos. After 10 years of growing Cross-Post LLC from zero to more than 250 clients we sold the company to Recruitology (Aftercollege Inc), Previously as CEO and co-founder of Cross-Post LLC, I was responsible for assisting 250+ newspaper clients like The Washington Post, The Seattle Times and the Milwaukee Journal Sentinel in offering recruitment products that grow revenue while helping their employer/advertisers fill distinct needs. These are unique upsell or add-on products that employers want and need. In all we had fifteen niche recruitment networks from Trucking to Healthcare, partnering with the leading job boards in the space. Recruitology continue's serving our former clients. Developed some of the first internet job boards in 1996 focusing on recruiting women, minorities and veterans. Sold that company to DiversityInc Magazine in 2001 and remained as their President of the Careers Division until 2003 growing it to more than 4,000 clients. Formerly, SVP of Strategic Recruitment for The Inclusiv Group, a retained executive search firm. 30 year history in recruiting and business development working for companies like

Credit Information

Is this course eligible for my CPD requirements as a Canadian CPA?

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.

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

Financial Reporting Developments | ASPE reporting