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Do you or your clients have subsidiaries, significantly influenced investees or investments in joint arrangements?  These types of investments are considered strategic and ASPE allows for choices in their accounting. The options and their impacts will be explored in this course.  

OBJECTIVE:
The course covers ASPE 1591, 3051 and 3856 and examines the choices to be made regarding accounting for strategic investments, including subsidiaries, significantly influenced investees or investments in joint arrangements. The examination will include the impact on recognition, measurement, presentation, and disclosure of the choices. In addition, the course explores the recent changes to ASPE when you choose to account for controlled subsidiaries or significantly influenced investees at cost.

WHO WILL BENEFIT:
Professionals involved in the preparation of private enterprise financial statements and practitioners who serve private clients with investments in subsidiaries, significantly influenced investees, and joint arrangements.

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

• evaluate the nature of strategic investments (i.e. control, significant influence, or joint control) and the related accounting policy choices,
• apply the correct accounting method for newly acquired subsidiaries Understand the fundamental principles of equity accounting,
• apply correct accounting for significantly influenced investees accounted for on a cost basis, and
• apply the principles of accounting for joint arrangements.

CONTENT:

•  The nature of strategic investments, including control, significant influence, or joint control as well as the accounting policy choices associated with each area.
• The differences in accounting when subsidiaries are recorded at cost, on an equity basis, or consolidated.
• The fundamental principles of equity accounting.
• The changes in accounting for significantly influenced investees on a cost basis.
• The principles of accounting for joint arrangements and their application.