Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
Participants will develop a practical, end‑to‑end understanding of revenue recognition under ASPE Section 3400, including recognition, measurement, presentation, and disclosure across common arrangements. Participants will apply the guidance to real‑world scenarios such as multiple‑element arrangements, construction contracts, bill‑and‑hold, non‑refundable upfront fees, and gross‑versus‑net presentation.
Topics include:
- Scope and fundamentals of ASPE 3400; key recognition criteria and documentation.
- Determining the sales arrangement: combining contracts; units of account; side arrangements; customary business practices.
- Revenue timing topics: delivery and customer acceptance; rights of return; consignment; layaway; bill‑and‑hold; non‑refundable upfront and licensing fees.
- Long‑term contracts: completed‑contract vs. percentage‑of‑completion; measuring progress; contract costs; onerous losses; illustrative disclosures.
- Multiple‑element arrangements: identifying components, transaction price, allocation, and element‑by‑element recognition.
- Presentation and disclosure: gross vs. net indicators; policy disclosure examples; measurement uncertainty; pass‑through costs; vendor‑to‑customer payments.
- Other revenue‑related topics: investment income linkages, franchisor considerations, and rental‑income touchpoints.
NOTE: This course description has been revised and reflects updates for 2026. If you have any questions, please contact pdevents@cpaontario.ca.
Schedule
- January 13, 2027, 8:30 a.m. - 12:30 p.m.
- January 14, 2027, 8:30 a.m. - 12:30 p.m.
Key Takeaways
By the end of this course, participants should be able to:
- Identify the sales arrangement (units of account), determine when to combine or separate contracts, and assess multiple‑element arrangements.
- Determine when revenue is recognized, including delivery, customer acceptance, rights of return, consignment, and bill‑and‑hold scenarios.
- Allocate consideration and measure revenue for multi‑element arrangements,and evaluate completed‑contract versus percentage‑of‑completion methods where applicable.
- Assess presentation decisions (gross vs. net) and draft clear, entity‑specific revenue policy and disclosure notes.
Who Will Benefit
- Professionals who prepare or review private‑enterprise financial statements and want a concise, practice‑ready approach to ASPE revenue.
- Practitioners seeking hands‑on examples for complex arrangements (e.g., construction, multiple elements, bill‑and‑hold) and clearer disclosures.
Prerequisite(s)
Familiarity with the CPA Handbook – Accounting, Part II (ASPE) (recommended).
How to Access the Course
To access the course please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.
Please allow up to 15 minutes after registration for the course to appear on your BlackBoard page.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Stephen J. Hussey, CPA, CA received his CA designation in 1982 after graduating from Carleton University. He has been Finance Manager at Ontario Aboriginal Housing Support Services Corporation since 2010. Prior to this Stephen was a Senior Manager with KPMG working in Ottawa, Johannesburg (Accounting and Auditing Standards), Montreal and Sault Ste Marie. He was then a partner is the Sault Ste. Marie office of Grant Thornton. Stephen is also a Professor at Algoma University and an Adjunct Professor at the Lukenda School of Business - Lake Superior State University. At these universities he teaches Advanced Accounting. Stephen has also served on the Board of Directors for a number of not- for-profit organizations.