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Collections held by Canadian not-for-profit organizations 2 Credits

Collections held by Canadian not-for-profit organizations 2 Credits

  • Rating

    4.3
  • Published on

    December, 1969
  • Subject Area

    Accounting

Learning mode

  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Answer the polling questions
  • Get your certificate

May 13, 03:00 PM ET

Learning Objective

  • To discuss the latest information regarding financial statement presentation of Collections held by not-for-profit organizations by Canadian not-for-profit organizations.
  • To discuss the overall guidance on accounting for Collections held by not-for-profit organizations and presentation for Canadian not-for-profit organizations.
  • To analyze how to apply presentation rules and exceptions.
  • To review the recognition, measurement, and presentation constraints.
  • To explore disclosure and presentation requirements.
  • To inspect how to write the appropriate Notes.
  • To explain the unique disclosure and presentation requirements of presenting Collections held by not-for-profit organizations in financial statements of Canadian not-for-profit organizations.

Course Overview

Financial statements for Canadian not-for-profit organizations are designed to meet the common information needs of external users of financial information about a Canadian not-for-profit organization. This CPD course describes the standard for Collections held by not-for-profit organizations and what specific rules are used for financial statement presentation.

This CPD webinar for Canadian CPAs is a resource that will help preparers of financial statements and accounting practitioners in exercising their professional judgment as to the implementation of presentation rules for Collections held by not-for-profit organizations in the financial statements of Canadian not-for-profit organizations.

Following are the major Topics Covered in this CPD Accounting Online Course: 

  • Basic concepts, scope, and applicability of accounting for Collections held by not-for-profit organizations and financial statement presentation for Canadian not-for-profit organizations. 
  • Planning the approach: Collections held by not-for-profit organizations policies and decision criteria.
  • Sizing up the impacts of the presentation of Collections held by not-for-profit organizations presentation: questions you need to ask.
  • Specific rules and unique provisions for presenting Collections held by not-for-profit organizations in the financial statements.
  • Recognition criteria.
  • Disclosure and presentation requirements.
  • Notes to financial statements.

Speaker Mike Morley in this CPD Webinar outlines an easy-to-understand step-by-step procedure for presenting Collections held by not-for-profit organizations in the financial statements of Canadian not-for-profit organizations and what needs to be carefully considered.

  • 2 General Credit for Accountant/Bookkeeper/Tax Professionals
  • 2 CPD Credit of Accounting for CPA in Canada
  • 2 CPE Credit for Certified Internal Auditors (CIA)
  • 2 CPE Credit for Certified Fraud Examiner (CFE)
  • 2 CPE Credit for Certified Management Accountants (CMA)
  • 2 PL Credit for Chartered Financial Analyst (CFA)
  • 2 CPE Credit for Internal Audit Practitioner (IAP)
  • 2 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
  • 2 PL Credit for CIPM

Additional Information

Credits

2

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

About Instructor

Elevate Your Career with Michel Morley's CPE Courses at myCPE
Michel Morley

Founder, Mike Morley

  • 4.3
  • rating
  • rating
  • rating
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Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.

An entertaining and informative speaker and trainer, Mike is the author of:

“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.

 “Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.

“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Ratings and Review

4.3

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JB

Jed Blancaflor, CPA in Canada

Presentation was very informative in discussing the treatment of collections for accounting purposes. Slides are especially helpful in summarizing the information presented.

Inclusions
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  • Certifications & Reporting
    Certifications & Reporting

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