Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This course provides an overview of the process for tackling complex or new accounting issues using IFRS.
This course provides participants with a discussion on the process for tackling complex or new accounting issues using IFRS. The starting point will be an identification of the complex or new accounting issues that will be discussed in this course to illustrate the process for tackling a complex or new accounting issue. Second, will be a discussion of the accounting hierarchy from IAS 8, Accounting Policies, Changes in Estimates and Errors for determining an accounting policy. This is followed by identification of authoritative and non-authoritative resources available to research a complex or new accounting issue. Then specific examples and resources available applying the accounting hierarchy. Next, a discussion of the principles for developing accounting policies. This is followed by a discussion of the principles for drafting note disclosure. Then factors will be identified that may influence objectivity and ethical decision making in developing and selecting accounting policies and applying professional judgment. Then a discussion of the process and steps from researching to developing an accounting policy and drafting note disclosure for a complex or new accounting issue. Participants will then apply the process and steps using a number of complex or new accounting issues e.g. leases, investment property, financial instruments, cryptocurrency.
Participants will have the opportunity to review a number of exercises and case studies. After attending this course, participants will have reviewed the process for tackling complex or new accounting issues using IFRS.
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Key Takeaways
By the end of this course, participants will be able to:
- Explain the accounting hierarchy.
- Identify resources available to research an accounting issue.
- Identify general principles for developing accounting policies.
- Identify general principles for drafting note disclosure.
- Consider factors that may impact objectivity and ethical decision making.
- Identify and explain the process and steps from researching to developing an accounting policy and drafting note disclosure for complex and new accounting issues.
Who Will Benefit
Examples of professions that will benefit from this course include:
- Finance Directors
- Finance Managers
- Controllers
- Financial Analysts
- Auditors
- Senior Accountants
- Practitioners
How to Access the Course
To access your course, visit the CPA Ontario Blackboard site and sign in using the same username and password used for the Registration Portal. You can also access your course through the Blackboard Learn app (iOS or Android).
Important: Course access begins on the date of purchase and remains available for the Access Time specified for the course under Dates and Location. Please review the access time before purchasing. Note that it may take up to 15 minutes after registration for the course to appear in Blackboard.
Registration, cancellation, withdrawal, and 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.