ASPE - Comparison to IFRS (VO)

Examine the major differences between Part II - Accounting Standards for Private Enterprises (ASPE) and Part I - International Financial Reporting Standards (IFRS).  The seminar will highlight major similarities and significant differences between the two sets of standards.

Watch a qualified CPA instructor teaching the course and access a copy of the same course material that is provided to attendees of an in-person session. 

After registering for a Video on Demand course, CPA Saskatchewan will send you information on how to access the course within 2 business days.

Click HERE for more information on Video-On-Demand courses.

Participants will learn about the major differences between Accounting Standards for Private Enterprises (ASPE) and publicly accountable enterprises using International Financial Reporting Standards (IFRS) with an eye toward giving participants the ability to identify the major similarities and significant differences between the two sets of standards and how these differences impact financial statements. You will also learn about the one-time considerations on transitioning between the two sets of standards. This will allow you to determine the appropriate standard for an entity and to explain the differences to interested parties (e.g. Board Members).


CPAs who want to understand the key differences between IFRS and ASPE to determine which set of standards would be most appropriate for an entity and be able to explain the impact of the differences on the entity’s financial statements and the implications of using IFRS compared to ASPE. 


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

  • identify the similarities and significant differences between ASPE and IFRS,
  • review the impact of the differences on the company’s financial statements and ratios,
  • identify how changes to IFRS will impact ASPE, and
  • list relevant resources (with links).


  •  Conceptual framework, fair value measurement.
  • Standards related to financial statement presentation, including non-current, non-financial assets, property, plant and equipment, investment property, agriculture, intangible assets and impairment.
  • Borrowing costs, assets held for sale, financial instruments, joint arrangements and investment.
  • Other liabilities, including asset retirement obligations, provisions, contingencies, employee benefits and income taxes.
  • Leases including amendments for rent concessions due to Covid-19 and revenue recognition.
  • Other standards, including inventories, subsequent events, government grants, foreign currency, consolidated financial statements, non-controlling interests, investments, related party
  • transactions and stock-based compensation.
  • First-time adoption.


10/25/2021 - 3/25/2022
Video on Demand

Personal Passport Eligibility

Corporate Passport Eligibility


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