Key Updates, Exposure Drafts, and Common Financial Reporting Errors.
The objective of the Accounting Update is to provide practitioners and firms with an overview of recent changes to Accounting Standards for Private Enterprises (ASPE) and Accounting Standards for Not-for-Profit Organizations (ASNPO), as well as review the status of projects in 2024.
The course will review common financial statement presentation and reporting errors found by Practice Inspectors and our experience as Completed File monitors.
ASPE:The course will examine recent handbook additions, specifically Related Party Combinations, which contains additional guidance and clarifications to s. 3840, as well as new exposure drafts, Insurance Contracts with Cash Surrender Value, and other projects such as the Subsequent Measurement of Goodwill and Acquired Intangible Assets.
ASNPO:The course will examine active ASNPO projects, specifically the recent exposure draft on Contributions – Revenue Recognition and Related Matters.
Specific topic areas will include:
This course is ideal for:CPAs in industry and public practice. Focus is on standard updates, therefore suited to experienced CPAs, senior accountants, managers and partners or directors.
AJAG Professional Development was founded in 2003 with a mission of making professional development easier and more cost-effective for Canadian accountants and other financial advisory professionals. Our comprehensive range of flexible and reasonably-priced courses, programs and seminars are delivered online and in classroom-style settings in the Greater Toronto Area (Toronto, Oakville and Markham). AJAG features a roster of highly-qualified instructors who deliver content that is pertinent, up-to-date and engaging.
This portal is provided as a training and development resource for City of Markham employees. Every course is delivered by a qualified subject matter expert or learning organization, is quantifiable in hours, and is verifiable — you receive a documented certificate of completion for every course you finish, stored on LearnFormula indefinitely.
If you hold a professional designation (for example in engineering, accounting, human resources, or law), courses may be counted as professionally relevant, verifiable learning activities toward your continuing professional development. Individual practitioners are responsible for confirming that an activity meets the requirements of their professional body. For questions about the City of Markham's training and development policies, please speak with your people leader or Human Resources.
