This course will serve as 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.
Topics include:
• 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
• related party transactions
• COVID-19 considerations and Handbook standards to consider
• ongoing projects and potential impact of changes
Applicable for
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 Objectives
By the end of this course, participants will be able to:
? Identify and analyze accounting issues specific to NPOs and determine the appropriate disclosures 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
Seminar Leader: Dean Austin
What to Expect
• This is a Live Virtual Seminar where class size has been limited to allow for an interactive learning environment.
• This seminar will not be recorded.
• Course materials, links and credentials will be emailed to you two business days before the seminar. Once sent, the email will also be found in your Account Communication tab of the CPA Manitoba Member Portal.
• Live webinars have varying levels of expected interaction, and some may require webcam and microphone capabilities – if you have concerns about the interaction required for this course, please email [email protected]
CPA Manitoba PD Terms and Conditions