Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This course provides participants with a discussion on information included in the notes to enhance a users understanding of the entity and its transactions. The starting point will be an overview of the different types of notes that provide information for users on the entity. Second, this is followed by a discussion of notes to assist a user in understanding the entity e.g. details of entity, basis of presentation, operating segments, related party transactions, going concern issue. Third, notes to assist users in understanding accounting policy choices where the entity has a choice among alternatives as well as changes to their accounting policies and upcoming changes to accounting policies. Fourth, a discussion of information provided in the notes on specific transactions recognized on the financial statements to assist in understanding those transactions e.g. additional information on transaction, measurement uncertainty, fair value measurement. Fifth, a discussion of information that is only provided in the notes where there is no transaction recognized on the financial statements e.g. subsequent events, contingencies. Lastly, a review of relevant resources.
Participants will have the opportunity to review a number of examples and exercises. After attending this course, participants will have reviewed the information included in the notes to the financial statements to enhance a users understanding of the entity and its transactions.
Topics Include:
- Overview of types of notes
- Notes that enhance understanding of an entity
- Notes that explain accounting policy choices, changes in accounting policies and upcoming changes in accounting policies
- Notes to support transactions recognized on financial statements
Unlock learning anytime, anywhere with the Blackboard Learn app
Seamlessly access your on demand courses, assignments, and get PD hours on the go. Learn how to download now and elevate your education experience with the convenience of mobile learning.
Key Takeaways
By the end of the course, participants will be able to:
- Identify the types of notes.
- Identify notes that enhance an understanding of the entity.
- Identify notes to assist in determining accounting policy choices, changes in accounting policies and upcoming accounting policies.
- Identify the information in notes that provide additional information on transactions recognized on financial statements.
- Explain the information provided in notes where no transaction recognized on financial statements.
Who Will Benefit
CPAs interested in understanding the information provided in the notes to the financial statements that will enhance the understanding of transactions including, practitioners, financial analysts, and board members. 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.
New mobile learning! Download Blackboard Learn from your app store (iOS or Android). Learn more.
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.
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.