ASNFPO - Disclosure and Presentation (OC)

A comprehensive review of the presentation and disclosure requirements faced by a not-for-profit organization when it applies ASNFPO and relevant ASPE standards.

OBJECTIVE:
A comprehensive review of the presentation and disclosure requirements faced by a not-for-profit organization when it applies ASNFPO and relevant ASPE standards.  Participants will review a variety of examples and learn to apply the disclosure requirements for a number of different areas that NFPOs regularly deal with.

WHO WILL BENEFIT:
Professionals at all levels involved in the preparation and review of NFPO financial statements. Government-controlled NFPOs must follow the Public Sector Accounting Handbook, which will not be addressed in this seminar.

LEARNING OUTCOMES:
By the end of this course, participants will be able to:

  • Identify and analyze accounting issues specific to NPOs and determine the appropriate disclosure required
  • Identify where policy choice exists and determine the appropriate level of disclosure required to communicate those choices to the user of the financial statements
  • Interpret facts and scenarios to determine the appropriate presentation and disclosure

CONTENT:

  •  concepts that drive the presentation and disclosure requirements
  • statement of operations presentation and related disclosures
  • statement of financial position presentation and related disclosures, e.g. financial instruments
    statement of changes in net assets
  • statement of cash flow presentation and related disclosures
  • choosing a presentation methodology and understanding the different methods for accounting for contributions
  • review of sample financial statements using real world examples
  • disclosure of significant accounting policies
  • financial instruments
  • inventories
  • controlled and related entities
  • tangible and intangible capital assets and collections held by a not-for-profit organization
  • employee future benefits
  • other revenues and contributions
  • allocated expenses and interfund transfers
  • COVID-19 considerations and Handbook standards to consider
  • ongoing projects and potential impact of change

PREREQUISITES:
An understanding of the CPA Handbook – Accounting Part III, with respect to measurement issues, or completion of the seminar ASNFPO – Review of the Standards.

COURSE LEADER: DEAN AUSTIN, FCPA, FCA

When
11/5/2021 7:30 AM - 3:30 PM
Canada Central Standard Time
Where
Online

Personal Passport Eligibility

Corporate Passport Eligibility

 

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