ASPE - Update 2020 (OC)

If you find it challenging to keep up with changes to accounting standards, then this seminar is for you. It will review recent revisions to Part II - Accounting Standards for Private Enterprises (ASPE), starting with an overview of the changes, followed by specific examples detailing their implementation. In addition, participants will receive practical guidance on common deficiencies in ASPE financial statements.

OBJECTIVE:
The seminar targets professionals involved in the preparation and analysis of financial statements for small-and-medium-sized entities as well as practitioners who provide assurance on these financial statements. This seminar will also assist these professionals by enhancing their awareness of ongoing projects as well as upcoming areas that have been earmarked for potential future changes in the standards.

WHO WILL BENEFIT:
Professionals who are involved in the preparation and analysis of financial statements for small-and-medium-sized entities and practitioners who provide assurance on financial statements.

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

  • Apply and explain new ASPE standards with effective dates in 2020 and 2021, including:
    • Retractable or Mandatory Redeemable Shares,
    • Related Party Financial Instruments
    • the new application guidance for revenue recognition 
  • Understand the changes in accounting for agriculture inventory under new section ASPE 3041
  • Identify changes and improvements in relation to “common deficiencies” 
  • Locate relevant publications (with links).

PREREQUISITE:  
Participants should be familiar with existing ASPE Standards.

COURSE LEADER: KIM VAREY, CPA, CA 

Course Code OC2017A1
Passport Credit 2
Price $180
CPD Estimated Hours: Total - 3.5  Licensing - 3.5
Competency Financial Reporting
Course Level Intermediate
When
1/8/2021 8:30 AM - 12:00 PM
Canada Central Standard Time
Where
Online Course
Registration not available.
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