Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This workshop examines the application of complex areas in the PSAS. Following a brief refresher on some of the more recent standards and changes to come, including a deeper dive on Asset Retirement Obligations, participants will learn strategies for translating general standards to the real world. The workshop explores common areas of complexity that appear frequently in practice that raise discussions between finance professionals and auditors using mini-case studies, shorter collaborative discussion exercises, and real-world examples.
This course is being offered to:
- Gain a strong knowledge of general PSAS concepts and an understanding of the PSAS Handbook for researching complexities of real-life situations.
- Improve general understanding of some of the more complex areas of the PSAS Handbook to allow participants to engage in more meaningful discussion and analysis when such issues in these specific areas arise in their work.
- Provide knowledge of significant changes coming to the PSAS Handbook so participants can plan for these changes on a timely basis.
NOTE: This course description has been revised and reflects updates for 2023. If you have any questions, please contact pdevents@cpaontario.ca
Key Takeaways
Topics Include:
- Understand what's new in the PSAS Handbook including private/public partnerships, the general revenue standard and financial instruments. A brief overview of all current projects underway is provided.
- Asset retirement obligations, and liabilities for contaminated site.
- Government transfers, including issues and differences in application.
- Controlled entities, including specific examples of different situations and relationships.
- Leased tangible capital assets, with government as a lessee and a lessor.
- Financial instruments and hedging, including the impact of the Statement of Re-measurement Gains and Losses.
- Common issues for local and senior governments
Schedule
- July 9, 2024 @ 8:30 am - 12:30 pm
- July 10, 2024 @ 8:30 am - 12:30 pm
Who Will Benefit
- Preparers of public sector financial statements (CFO, Director of Finance or Managers)
- Auditors of public sector financial statements (Partners, Senior Managers, or Managers)
- Board members of public sector entities
Prerequisites Knowledge
PSAS: Specific Topics or a general working knowledge of existing Public Sector Accounting Standards (PSAS).
How to Access the Course
This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.
Electronic material can be accessed one week prior to the course and should be downloaded in advance.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Francis (Frank) Seguin, CPA, CA, LPA is a Director with Raymond Chabot Grant Thornton Consulting Inc. with over 18 years' experience providing accounting, auditing, advisory and consulting services to governments and not-for-profit organizations. Most recently, he was the Deputy Chief Financial Officer at St. Michael's Hospital in Toronto, overseeing a team of over 40 professionals on all aspects of Finance. Prior to joining RCGT CI, Francis worked at a Big 4 Firm as well as within the Government of Canada; he also lectures on a part-time basis, having lectured at the bachelors’ and graduate levels in the Université du Québec en Outaouais and the University of Ottawa.