Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This course identifies the technical content in ASPE and the similarities and significant differences for transitioning to using IFRS. The technical content in IFRS that is different than ASPE is then discussed.
Participants will start with identification of the similarities and differences in the financial statement in ASPE compared to IFRS. This is followed by a discussion of the technical content in Accounting Standards for Private Enterprises (ASPE) for the general and specific standards. Next, the similarities and significant differences between ASPE and publicly accountable enterprises using International Financial Reporting Standards (IFRS) are identified for transitioning from using ASPE to IFRS. This includes similarities and differences for recognition, measurement and presentation. The standards that are in IFRS and not in ASPE are also identified. This is followed by a discussion of the technical content in IFRS that is different than in ASPE. Next the impact of these differences on the financial statements and ratios is discussed. Lastly, relevant resources and links are identified.
Participants will have the opportunity to review a number of exercises and case studies. After taking this course, participants will have reviewed the similarities and significant differences for transitioning to using IFRS. In addition, discussed the technical content in IFRS that is different than ASPE.
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Key Takeaways
By the end of this course, participants will be able to:
- Identify similarities and significant differences in the financial statements in ASPE compared to IFRS.
- Identify similarities and significant differences in recognition, measurement and presentation of standards in ASPE compared to IFRS.
- Identify standards in IFRS not in ASPE.
- Discuss the technical content in IFRS that is different than ASPE.
- Review the impact of the differences on the entity's financial statements and ratios.
- List relevant resources (with links).
- Conceptual framework, fair value measurement.
- Standards related to financial statement presentation.
- Standards related to specific financial statement assets.
Who Will Benefit
CPAs who have a good knowledge of ASPE and want to identify the similarities and differences for transitioning from using ASPE to IFRS. Applicable for individuals who want to know content in IFRS for personal development or require knowledge of IFRS. Also, applicable for Board members where the entity is transitioning from ASPE to IFRS.
How to Access the Course
This is an online session. This course is available 24 hours a day, 7 days a week. Once registered, you can access the material at any time.
However, you will only have access to the course for 90 days after REGISTRATION.
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To access the course on your computer please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.
Please allow up to 15 minutes after registration for the course to appear on your BlackBoard page.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Elizabeth J. Farrell, FCPA, FCA, is an Adjunct Professor at the Schulich School of Business. In recognition of her excellence in teaching she was selected as the winner of the Seymour Schulich Award for Teaching Excellence in 1999, 2003 and 2009 and nominated for the award in 2004, 2005, 2006, 2011 and 2015. She was selected as the winner of the John Peace Teaching Award in 2002 and 2012. Elizabeth served as assistant coordinator at CPA Ontario's School of Accountancy. She has taught executive development courses for the Schulich School of Business, professional development courses for CPA Ontario and firms. Elizabeth is a co-author of Intermediate Financial Accounting.