Standards represent one of the more self-contradictory elements of life: while some people condemn standards for controlling and restricting their behavior, others perceive standards as moral and ethical principles that guide their lives. To shed additional light on the topic of standards, this two-day course reviews commonly used sections of Part II – Accounting Standards for Private Enterprises (ASPE), and discusses other aspects of the standard.  In addition, this course identifies and outlines the accounting policy choices available to management for applying ASPE. 

The delivery of material takes an authentic, real-life approach in providing examples and exercises that pertain to newer or more common concepts of accounting used by private enterprises.  This course covers ASPE standards that have been changed and have implementation dates in the near future.  Finally, this course aims to provide participants with a solid introduction and understanding of ASPE. 

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

• Describe the ASPE Standards in particular areas that are seen commonly in practice
• Describe recent updates to the Standards
• Apply the Standards by gaining knowledge through the course’s examples of accounting treatments and financial statement presentation and disclosure

Content 
Topics include:

• Accounting standards framework and general standards
• Presentation of current assets and liabilities
• Cash flow statement
• Related party disclosure
• Subsequent events
• Contingencies and commitments
• Economic dependence
• Guarantees
• Disposal of long-lived assets and Discontinued operations
• Shareholder equity
• Inventory
• Financial instruments
• Property, Plant and Equipment, Goodwill and Intangible Assets
• Impairment of long-lived assets and goodwill
• Asset Retirement Obligations
• Investments
• Leases
• Income taxes
• Revenue recognition
• Other less frequently used standards
• Sample financial statements
• Note disclosure examples

Prerequisites – Knowledge, Experience or Courses 
Participants should be familiar with the CPA Handbook – Accounting Part II. 

Applicable For 
Most accounting and tax professionals will acquire substantial gains from this course, especially:

• Practitioners seeking a robust and complete review of ASPE
• Accounting and tax professionals working with not-for-profit organizations
• Individuals involved in the not-for-profit sector seeking knowledge of ASPE measurement, recognition, presentation, and disclosure requirements 
  

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].