2024 Accounting Update
The Accounting Update aims to inform practitioners about recent changes to ASPE and ASNPO, review 2024 project statuses, discuss current exposure drafts, review common financial statement presentations, and reporting errors.
Course Objective
The objective of the Accounting Update is to provide practitioners and firms with an overview of recent changes to Accounting Standards for Private Enterprises (ASPE) and Accounting Standards for Not-for-Profit Organizations (ASNPO), as well as review the status of projects in 2024. The course will also review and discuss current exposure drafts and invitation to comment documents.
The course will review common financial statement presentation and reporting errors found by Practice Inspectors and our experience as Completed File monitors.
The course will review common financial statement presentation and reporting errors found by Practice Inspectors and our experience as Completed File monitors.
Course Overview
ASPE: The course will examine recent handbook additions, specifically Related Party Combinations, which contains additional guidance and clarifications to s. 3840, as well as recent exposure drafts, Insurance Contracts with Cash Surrender Value, and other projects such as the Subsequent Measurement of Goodwill and Acquired Intangible Assets.
ASNPO: The course will examine active ASNPO projects, specifically the anticipated re-issuance on the recent exposure draft on Contributions – Revenue Recognition and Related Matters and recently issued guidance pertaining to upfront, non-refundable feeds or payments which was deferred until 2025.
Specific Topic areas:
ASNPO: The course will examine active ASNPO projects, specifically the anticipated re-issuance on the recent exposure draft on Contributions – Revenue Recognition and Related Matters and recently issued guidance pertaining to upfront, non-refundable feeds or payments which was deferred until 2025.
Specific Topic areas:
- Exposure drafts issued in 2024
- Recently issued standards in 2023 and 2024
- Effective dates of new standards
- Financial statement presentation and disclosure issues found by inspectors and monitors
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Presentation
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Recording
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About this course
- $170.00
- 2 CPD hours
- September 18, 2024
Instructor(s)
Marcus Guenther
Marcus Guenther is a partner in FocusHGK LLP, which provides quality assurance, monitoring, EQCR and other consulting services.
Relevant experience:
Marcus an accomplished trainer in accounting and auditing, author and consultant. In particular he:
• assists many accounting firms in monitoring their quality control systems,
• authors and presents training courses on accounting and auditing topics, and
• assists with interpreting and applying professional standards on complex accounting and auditing issues.
Training:
Marcus has prepared and presented many accounting and assurance courses for CPA Canada, CPA Ontario, commercial training firms and individual firms over the years.
Authoring:
He was the co-author of the CPA Professional Engagement Guide (PEG) and the Quality Assurance Manual (QAM) and has authored other technical publications.