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.
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
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)
Joline Moore, CPA, CA has 10+ years of accounting experience with public sector and private companies. Previously, she was in the audit practice at Deloitte LLP, where she worked with clients in a variety of industries (manufacturing, technology, and public sector), and a breadth of financial reporting frameworks such as PSAS, IFRS, ASPE, ASNPO. She has also held the position of Financial Policy Manager at Metrolinx, which involved researching Public Sector Accounting Standards, creating internal accounting policies, and facilitating training sessions.