Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
Participants will build foundational knowledge of the conceptual framework and new reporting model under PS 1202. Participants will understand the changes the previous reporting model, and the key challenges in implementation and ongoing accounting under this new model. Participants will apply concepts to practical scenarios through examples, mini‑cases, and discussion.
Topics include:
- The new Conceptual Framework, including its relevance to the standards, key aspects and connections between the standards and the framework, and significant changes from the previous conceptual framework, and differences from the IPSAS conceptual framework.
- Entity developed accounting polices – what they are, common areas for these policies, and how to determine consistency with the conceptual framework.
- The new Financial Reporting Model – PS 1202, including the new statements, and key financial measures.
- Net Financial Liabilities (or Net Financial Assets) – the replacement for Net Debt.
- Classifying liabilities as financial or non-financial.
- Classifying assets as financial or non-financial.
- Examples and case studies to help understand application in practice.
- Participants may bring financial statements from their organizations (if appropriate) to use as reference during examples and exercises.
NOTE: This course description has been revised and reflects updates for 2026. If you have any questions, please contact pdevents@cpaontario.ca.
To access your course, visit the CPA Ontario Blackboard site and sign in using the same username and password used for the Registration Portal.
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.
Key Takeaways
By the end of this course, participants should be able to:
- Explain the PSAS reporting framework and the role of the conceptual framework.
- Compare new PSAS concepts and statements with the old model and with ASPE and IFRS to understand similarities and differences.
- Understand the requirements related to entity developed accounting policies, identification of financial vs non-financial liabilities, and other key new areas.
- Apply the new PSAS concepts to common public sector scenarios using case exercises.
Who Will Benefit
- Preparers of public sector financial statements (e.g., CFOs, directors of finance, managers, and accounting staff).
- Auditors of public sector financial statements (e.g., partners, senior managers, managers, and senior auditors).
- Board or audit committee members and senior management of public sector entities and governments.
- Professionals working with governments, municipalities, First Nations, and government‑controlled entities.
Prerequisite(s)
- General working knowledge of the Public Sector Accounting Standards (PSAS) handbook or PSAS: Review of the Standards.
How to Access the Course
To access your course in Blackboard, please follow these steps:
- Go to https://pdlms.cpaontario.ca
- Select ‘Ontario’ from login menu
- Sign in using the same login credentials used to register for the course
- Navigate to your course to access the content
Important: Your course access time begins on the date of purchase and remains available for the duration noted above. Please note that it may take up to 15 minutes after registration for the course to appear in Blackboard.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.