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. 

Learning Objectives 
By the end of this course, participants should 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

Content

• 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
• ongoing projects and potential impact of changes

Prerequisites – Knowledge, Experience or Courses 
Participants should have an understanding of the?CPA Handbook – Accounting Part II & III, with respect to measurement issues, or completion of the seminar?ASNFPO – Review of the Standards. 

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.

What to Expect

•  Two emails will be sent from CPA Manitoba following your registration: one to confirm your order and one including information on how to access the course through your Learning Hub.
• Once sent, these emails can also be found in the Communication tab of your CPA Manitoba Member Portal.
• Course materials, links and credentials can be found in your Learning Hub no less than two business days prior to the seminar.
• 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.
• Live webinars have varying levels of expected interaction, with many requiring webcam and microphone capabilities. 
  
  If you have concerns about the interaction required for this course or any other questions about this course, please email [email protected].  
  
  CPA Manitoba PD Terms and Conditions: https://cpamb.ca/pd/pd/Terms-and-Conditions.aspx
  For questions regarding this course, including registration and access, email [email protected].