Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This on-demand certificate course provides an overview of the process for tackling complex or new accounting issues using ASPE (where applicable NFPOs) and ASNFPO. 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 Section 1101 Generally Accepted Accounting Principles for Not-for-Profit Organizations 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. contributions, collections, financial instruments, cloud computing.
Participants will have the opportunity to review a number of exercises, case studies and will have reviewed the process for tackling complex or new accounting issues using ASPE (where applicable NFPOs) and ASNFPO.
Topics Include:
- Introduction
- Accounting hierarchy
- Authoritative and non-authoritative resources
- General principles in developing accounting policies
- General principles in drafting note disclosure
- Factors that influence objectivity and ethical decision making
- Process and steps from researching to developing an accounting policy and drafting note disclosure for complex and new accounting issues
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
Earn a Digital Badge
Our new collection of digital badges can be earned through the completion of any of our certificate programs offered in our professional development catalogue. Collect these digital badges to add to your website, social profiles, email signature and more. These badges are an easy way to visually communicate your skills and accomplishments to your peers and network. Digital badges will be awarded based on course completion requirements.
Who Will Benefit
Examples of professions that will benefit from this certificate include:
- NFP Finance Directors
- NFP Controllers
- NFP Finance Managers
- Partners of CPA firms providing assurance or accounting services to NFPs
- NFP Accountants
How to Access the Course
We're pleased to invite you to register for our Certificate courses. Whether or not you're a CPA, you're more than welcome to join us on this learning journey. To get started, you'll need to create an account. Don't worry if you don't have a CPA Ontario ID yet; you can easily set up your account right here. Let's begin your learning adventure together.
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/COURSE START DATE whichever comes later.
To access the course please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.
Registration, cancellation, withdrawal and all other CPA Ontario PD Seminar 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.