PSAS - Update 2022

As the Public Sector Accounting (PSA) Handbook continues to evolve at a rapid pace, users of public sector accounting standards may find it difficult to keep up. This course provides a review of sections in the PSA Handbook that have recently undergone addition or will soon come into effect. Furthermore, this seminar examines pending sections along with ongoing key projects and activities of the PSA Board. In order to relate the course to real life, the session will provide background information and examples to assist participants understand these changes.

This course is being offered to: 
Improve general awareness of the changes to the PSA Handbook allowing participants to better position themselves to plan for the changes and to advise others. 
Provide real life examples and scenarios that will allow participants to engage in meaningful discussions to help clarify concepts with the assistance of others.

Topics include:
Overview of recently issued or new standards:

• PS 3280 – Asset Retirement Obligations
• PS 3160 – Public Private Partnership
• PS 3400 – Revenue
• PS 3450, PS 2601, PS 3041, PS 1201 - Financial Instruments Narrow Scope Amendments and related sections, including the use of the Statement of Re-measurement Gains and Losses and explanations
Update on current projects underway: 
• A review and update of the conceptual framework and new reporting model
• Employee future benefits
• Government not-for-profit strategy 
• Annual Improvements update for most recent updates (if applicable) 
• Review of other projects in progress and how the impact may play out
• Potential PSA projects & emerging public sector issues
• Summary of recent PSADG meetings since 2021 

Learning Objectives
By the end of this course, participants should be able to:
• Provide participants with an overview of the new and pending PSAS sections with an understanding of how such standards relate to existing PSAS Handbook sections.
• Create awareness surround the current PSAB projects so participants can decide what projects they may want to provide stakeholder feedback on to the PSAB and staff. 
• Walkthrough examples and exercises with the participants so the material can be used as future resource when applying the standards in practice. 

Prerequisite Knowledge
• PSAS – Review of the Standards, or
• General working knowledge of existing PSAS standards

Applicable for:
Professionals working in or serving local governments, senior governments, crown corporations and agencies or other public sector entities

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 August 31.2023 and should be completed by September 30, 2023, 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.
When
4/1/2023 - 8/31/2023

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