Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This course provides an overview of the process for developing accounting policies and drafting note disclosure using IFRS.
This course provides participants with a discussion on the process of developing accounting policies and drafting note disclosure using IFRS. The starting point will be an overview of the different types of accounting policies and notes. Second, this is followed by 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 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 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 case studies. After this course, participants will have reviewed the process of developing accounting policies and drafting note disclosure using IFRS.
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:
- Types 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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Key Takeaways
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.
Who Will Benefit
CPAs interested in the process of developing accounting policies and drafting note disclosure using IFRS. If you are interested in understanding the content in the standards you should be taking the course IFRS: A Review of the Standards. If you are interested in what is required disclosure in the notes for drafting note disclosure you should be taking the course IFRS: Disclosure and Presentation.
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.