Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This workshop examines the application of complex areas in the PSAS. Participants will learn strategies for applying general standards to the real world. The workshop explores common areas of complexity that appear frequently in practice that raise discussions between accounting professionals and auditors using mini-case studies, shorter collaborative discussion exercises, and real-world examples. The workshop includes a brief refresher on some of the most recent standards and changes to come.
This course is being offered to allow participants to:
- Strengthen their knowledge of general PSAS concepts and an understanding of applying the PSAS Handbook for researching complexities of real-life situations.
- Improve their understanding of some of the more complex areas of the PSAS Handbook to allow participants to engage in more meaningful discussion and analysis when such issues in these specific areas arise in their work.
- Provide awareness and knowledge of significant changes coming to the PSAS Handbook so participants can plan for these changes on a timely basis.
Topics Include:
- Asset retirement obligations, and liabilities for contaminated sites
- Government transfers, including issues and differences in application.
- Controlled entities, including specific examples of different situations and relationships.
- Tangible Capital Assets including Public Private Partnerships.
- Leased tangible capital assets, with government as a lessee and a lessor.
- Financial instruments and hedging, including the impact of the Statement of Re-measurement Gains and Losses.
- Common issues for local and senior governments.
- What’s new in the PSAS Handbook. A brief overview of all current projects underway is also provided.
NOTE: This course description has been revised and reflects updates for 2024. If you have any questions, please contact pdevents@cpaontario.ca.
Other Available Sessions
- Session for December 4 (2024) available here.
Schedule
- January 30, 2025, 8:30 a.m - 12:30 p.m
- January 31, 2025, 8:30 a.m - 12:30 p.m
Key Takeaways
By the end of this course, participants should be able to:
- Describe the more complex areas of PSAS.
- Analyze complex real-life situations and apply PSAS standards.
- Apply the PSAS Handbook to the common areas that are controversial in practice.
Who Will Benefit
This course caters to several professionals, including the following groups:
- Preparers of public sector financial statements (CFO, Director of Finance or Managers).
- Auditors of public sector financial statements (Partners, Senior Managers, or Managers).
- Board members or senior leadership of public sector entities.
Prerequisite(s)
PSAS: Review of the Standards or a general working knowledge of existing Public Sector Accounting Standards (PSAS).
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)
Glenn Ventrcek, CPA, CA is a Partner at BDO Canada LLP and has over 25 years of experience in public accounting providing auditing, accounting and taxation services to a broad client base including a variety of not-for-profit sector clients, pension plans, municipalities and owner-managed businesses. Glenn has instructed courses at Ryerson University and is an active Board member of a national charity. He has also been a speaker at various NFP and IFRS sessions for CPA Ontario.