This course provides an overview of resources available beyond the standards in CPA Canada Handbook Part II (ASPE) for developing accounting policies and note disclosure.

This course provides participants with an overview of resources beyond the ASPE standards for developing accounting policies and note disclosure. The starting point will be a discussion of the accounting hierarchy from S.1100 Generally Accepted Accounting Principles for determining an accounting policy. This is followed by a discussion of specific examples and resources available applying the accounting hierarchy beyond the standard.

Examples of resources include: Accounting Guidelines, supporting documents to the standard e.g. illustrative examples and decision trees, notes from committees and discussion groups e.g. Private Enterprise Advisory Committee, proposed guidance e.g. Exposure Drafts and research papers, education materials and publications from websites and other sources e.g. Financial Reporting and Assurance Standards Canada, CPA Canada, financial statements other companies and guidance standards other accounting bodies e.g. IFRS

Participants will have the opportunity in exercises and case study to complete their own research using these resources. After attending this course, participants will have reviewed resources beyond the standards to assist them in developing accounting policies and drafting note disclosure

Topics Include:

• Accounting hierarchy
• Authoritative and non-authoritative resources beyond standard 
• Resources beyond standard
  • Accounting guidelines
  • Supporting documents to standard
  • Notes from committees and discussion groups
  • Proposed guidance
  • Education materials and publications
  • Financial statements other companies
  • Other accounting bodies
• Exercises and cases for developing accounting policies and note disclosure

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Upon completing this course, you will be able to:

• Explain the accounting hierarchy.
• Identify authoritative and non-authoritative resources beyond specific standard
• Apply the accounting hierarchy to scenario.
• Identify available resources for a scenario.
• Apply accounting framework and identify resources for development of an accounting policy and note disclosure.