Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
Participants will build foundational knowledge of PSAS, including the reporting model and conceptual framework, and understand how PSAS differs from ASPE and IFRS. Participants will apply concepts to practical scenarios through examples, mini‑cases, and discussion.
Topics include:
- PSAS handbook structure, the new conceptual framework, and financial statement presentation (including PS 1202 and key differences from PS 1201).
- Government reporting entity, controlled entities, government business enterprises, partnerships, and consolidation.
- Revenue standards: PS 3400, government transfers, tax revenue, restricted assets and revenues.
- Financial instruments, foreign exchange, and remeasurement gains and losses.
- Asset retirement obligations and liabilities for contaminated sites.
- Tangible capital assets and impairment; purchased intangibles and cloud computing costs; leases; public‑private partnerships.
- Contractual rights and obligations; contingent assets and liabilities; related party and inter‑entity transactions; restructuring transactions.
- Employee benefits and pensions (including introduction to the new PS 3251); loans receivable and loan guarantees.
- Additional PSAS matters: GAAP hierarchy, public sector guidelines, SORPs, and selected case studies.
NOTE: This course description has been revised and reflects updates for 2026. If you have any questions, please contact pdevents@cpaontario.ca.
Schedule
- October 5, 2026, 1:00 p.m. - 5:00 p.m.
- October 6, 2026, 1:00 p.m. - 5:00 p.m.
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 key PSAS concepts with ASPE and IFRS to understand similarities and differences.
- Identify significant upcoming PSAS changes and where they affect presentation and disclosure.
- Apply 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 ASPE and/or IFRS. Some knowledge of the Public Sector Accounting Standards (PSAS) handbook is ideal but not required.
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.