Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
Participants will receive an update on recent and upcoming revisions to the CPA Canada Handbook – Part III (ASNFPO), along with relevant changes in ASPE where these standards are applied by not‑for‑profit organizations. Participants will learn how these developments may affect financial reporting practices.
Topics include:
- ASNFPO updates, including Exposure Draft and Feedback Statement on Contributions – Revenue Recognition and Related Matters and Consultation Papers – Advancing Accounting Standards Together 2027-2032 Draft Strategic Plan and Detailed Review of Accounting Standards for Private Enterprises.
- Accounting guideline relevant to NFPOs, AcG‑21 Insurance Contracts with Cash Surrender Value.
- ASNFPO projects such as 2026-2027 Package of Minor Amendments, Financial Statement Concepts, Guidance Framework and Improvements to Section 4450, Reporting Controlled and Related Entities.
- ASPE updates impacting NFPOs, including Exposure Draft – Relief From Recognition of Acquired Intangible Assets and Amortization of Goodwill.
- ASPE projects impacting NFPOs, such as Derecognition of Financial Liabilities.
- Keeping current with effective dates, handbook changes, and standard setting process updates.
NOTE: This course description has been revised and reflects updates for 2026. If you have any questions, please contact pdevents@cpaontario.ca.
Key Takeaways
By the end of this course, participants should be able to:
- Describe the implications of current proposals and exposure drafts.
- Identify developments in projects that affect NFPOs,
- Summarize upcoming developments in ASNFPO.
- Review current matters discussed by Not‑for‑Profit Advisory Committees.
- Identify relevant publications.
Who Will Benefit
Prerequisite(s)
Participants should be familiar with ASNFPO and ASPE.
How to Access the Course
This course is delivered as a live webinar. To receive verifiable CPD hours, you must attend the session live. We recommend joining at least 5 minutes before the scheduled start time. For the best interactive experience, please use a computer equipped with a camera and microphone.
A reminder email with the Zoom link and course details will be sent two business days before the session. If you do not receive it, please check your spam or junk folder.
The same information, including any available materials, will also be posted in advance on our Blackboard LMS.
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. Her publications also include an accounting case analysis software package, study guides, ASPE: A Comparison to IFRS, IFRS A Review of the Standards, IFRS Leases and co-author Researching and Documenting an Accounting Issue and ASPE and NFPO Update, professional development courses, and a variety of case material. Elizabeth was a member of the Competency Map Committee. She was one of the lead authors for the assurance elective module for the CPA PEP program. Elizabeth has also served on the Board of Directors for a number of not for profit organizations.