Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This course addresses challenges faced by preparers of ASPE financial statements and practitioners with respect to the recognition, measurement, presentation, and disclosure of revenue transactions under ASPE.
Revisions to ASPE 3400 were adopted effective for fiscal years beginning January 1, 2022. These changes addressed issues identified by preparers of ASPE financial statements, practitioners, and other stakeholders and other challenges in the accounting for revenue. This course offers a comprehensive review of the principles of revenue recognition under ASPE with illustrations and examples of common revenue arrangements, including the sale of goods and services in various industries.
Topics Include:
- Identifying units of account for a sales arrangement and combining sales arrangements.
- Multiple element arrangements.
- Percentage of completion vs. Completed contract, specifically in the construction industry.
- Upfront non-refundable fees, including a discussion on the basis of conclusion for why the treatment of these fees were approved by the Accounting Standard Board.
- Bill and hold arrangements.
- Presenting of revenue as either gross vs. net.
- Disclosure requirements.
NOTE: This course description has been revised and reflects updates for 2025. If you have any questions, please contact pdevents@cpaontario.ca.
Schedule
- November 25, 2025, 8:30 a.m. - 12:30 p.m.
- November 26, 2025, 8:30 a.m. - 12:30 p.m.
Key Takeaways
By the end of this course, participants will be able to:
- Evaluate what the revenue arrangement (units of account) is and whether the arrangement should be combined and include multiple elements.
- Determine how revenue should be recognized.
- Measure the allocation of revenue to multiple-element arrangements.
- Evaluate whether revenue can be recognized without delivery (i.e., bill and hold arrangements).
- Draft appropriate note disclosures to address revenue recognition.
Who Will Benefit
Professionals involved in the preparation of private enterprise financial statements and practitioners who are particularly interested/involved in revenue recognition issues.
Prerequisite(s)
Participants should be familiar with the CPA Handbook – Accounting, Part II Accounting Standards for Private Enterprises (ASPE).
How to Access the Course
This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.
Electronic material can be accessed one week prior to the course and should be downloaded in advance.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Richa Khanna, CPA, CA is a partner at RDK Partners LLP, a boutique firm that provides consulting services to small and medium sized practitioners. She assists practitioners in ensuring compliance with their quality control objectives by providing engagement quality reviews, monitoring services and efficiency reviews. She also provides consulting services related to accounting and assurance areas, risk management and ethical considerations and quality control matters. She also develops and delivers training for public accounting firms on topics related to assurance and Canadian ASPE. She currently volunteers as Deputy-chair, Disciplinary Committee at CPA Ontario, as member of Private Enterprise Advisory Committee, and member or Small and Medium-Sized Practitioners Committee at CPA Canada (Audit and Assurance Taskforce).