This seminar will provide an information update on recent revisions to the CPA Canada Handbook –Part III, Accounting Standards for Not-for-Profit Organizations (ASNFPO). In addition, revisions will be discussed to Part II, Accounting Standards for Private Enterprises (ASPE) where they are applicable to NFPOs.

Participants will first be provided with an overview of changes to ASNFPO, followed by discussion of major projects and impact on NFPOs. Then the revisions and projects in ASPE are discussed that are applicable to NFPOs. 

Participants will be able to utilize this information on proposed changes to the standards to provide guidance to NFPOs and board members. 

The seminar is best suited to professionals who are involved in the preparation and analysis of financial statements using ASNFPO, practitioners who provide assurance on these financial statements and CPA’s who volunteer on Boards for NFPOs. 

Applicable for:
Professionals who are involved in the preparation and analysis of financial statements for NFPO’s and practitioners who provide assurance on these financial statements using ASNFPO.

Prerequisites - Knowledge, Experience or Courses
Participants should be familiar with ASNFPO.

Learning Objectives
By the end of this course, participants should be able to:

• Explain implications of new standard on Combinations – Initial Measurement and Related Disclosures
• Explain implications of Exposure Draft Contributions –Revenue Recognition and Related Matters
• Explain developments other projects Evaluating the Preface, Financial Statement Concepts and Consultation Paper Scaling the Standards 
• Summarize future developments in ASNFPO
• Review matters discussed by Not-For-Profit Advisory Committees
• Explain amendments to ASPE Section 3400, Revenue and AcG 20 – Customer’s Accounting for Cloud Computing Arrangements that impact NFPOs

Content
The topics in this seminar include:

• ASNFPO
  • Standard
    • Combinations – Initial Measurement and Related Disclosures
  • Exposure Draft
    • Contributions Revenue Recognition and Related Matters
  • Consultation Paper
    • Scaling the Standards
• Projects
  • Evaluating the Preface
  • Financial Statement Concepts
  • Matters NFPO Advisory Committee
• ASPE (where relevant NFPOs)
  • Standard
    • Revenue
  • Accounting Guideline
    • AcG 20 Customer’s Accounting for Cloud Computing Arrangements

What to Expect
• An email will be sent from CPA Manitoba to the participant within two business days of registration. The email will include information on how to access the course along with the necessary login credentials. 
• Once sent, the email will also be found in your Account Communication tab of the CPA Manitoba Member Portal.
• This course is designed for participants to view while following along with the course material provided. 
• This self-study course allows the user to save their progress and return to continue later.

Registration is for this course is open until December 31, 2023 and should be completed by January 31, 2024, after this time, access to the course will no longer be available.

To receive a certificate, participants must complete a quiz at the end of the course. Unlimited quiz attempts are available until the passing grade of 70% or better is achieved. After this you will no longer have access to the quiz.