This course provides an overview of the process for developing accounting policies and drafting note disclosure using ASPE (where relevant NPOs) and ASNFPO.

This course provides participants with a discussion on the process of developing accounting policies and drafting note disclosure using ASPE (where relevant NPOs) and ASNFPO. The starting point will be an overview of the different types of accounting policies and notes. Second, a discussion of the principles for developing accounting policies. Third, a discussion of the principles for drafting note disclosure. Fourth, a discussion of the process and steps to following in updating revising an existing accounting policy and note disclosure for new information. Fifth, a discussion of the process and steps to follow in revising an existing new accounting policy and note disclosure for an amendment or a change in the standard. Sixth, a discussion of the process and steps to follow in developing a new accounting policy and note disclosure for a new transaction where there is no specific standard for a transaction. Lastly, a review of ways to stay current and relevant resources.

Participants will have the opportunity to review a number of exercises and cases. After this course, participants will have reviewed the process of developing accounting policies and drafting note disclosure using ASPE(where relevant NPOs) and ASNFPO.

The focus of this course is on the process of developing accounting policies and drafting note disclosure not on explaining the requirements within the standards for accounting policies and note disclosure.

Topics Include:

• Overview of accounting policies and notes.
• General principles in developing accounting policies.
• General principles in drafting note disclosure.
• Process updating an existing accounting policy and note disclosure for new information.
• Process revising an existing accounting policy and note disclosure for amendment or change in the standard.
• Process developing a new accounting policy and note disclosure for a new transaction.
• List relevant resources.

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Upon completing this course, you be able to:

• Identify the types of accounting policies and notes.
• Identify general principles for developing accounting policies.
• Identify general principles for drafting note disclosure.
• Identify and explain the process of updating an existing accounting policy and note disclosure for new information.
• Identify and explain the process in revising an existing accounting policy and note disclosure for an amendment or change in a standard.
• Identify and explain the process in developing a new accounting policy and note disclosure for a new transaction with a specific standard.
• Identify and explain the process in developing a new accounting policy and note disclosure for a new transaction with no specific standard.
• List relevant resources.