ASPE Cash flow statement

Course Description
Course Qualification
Presenter
FAQ

Course Description

ASPE came into effect in Canada in 2011.

It is a change from the previous Canadian GAAP and is in many ways similar to IFRS. However, where IFRS was intended to be used in Canada by public companies, ASPE was intended as an alternative for private enterprises in Canada. Many of the standards in ASPE provide options for companies that are meant to be simpler to implement and more relevant and adaptable to the size of the business.

Attendees in this CPD webinar understand the concepts underlying the application of ASPE (Accounting Standards for Private Enterprises) in preparing the Cash Flow Statement in general-purpose financial statements for private enterprises and many of the required disclosures.

Financial statements for private enterprises (ASPE) are designed to meet the common information needs of external users of financial information about a private entity. This CPD course describes what specific rules are used for preparing the Cash Flow Statement.

This CPD webinar is a resource that will help preparers of financial statements and accounting practitioners in exercising their professional judgment as to the preparation of the Cash Flow Statement under ASPE.

The speaker Michel Morley in this CPD course outlines an easy-to-understand step-by-step procedure for putting together the Cash Flow Statement and examines the many factors that private companies need to carefully consider when implementing ASPE.

Major Topics Covered in this CPD Webinar:

Basic concepts, scope, and applicability of ASPE Cash Flow Statement.
Planning the approach: cash flows and decision criteria.
Sizing up the impacts of cash flow statement questions you need to ask.
Specific rules and provisions for ASPE cash flow statement disclosures.
Limited exceptions are permitted in ASPE.
Disclosure and presentation requirements.

Learning Objectives

To discuss the latest information regarding the cash flow statement in ASPE.
To review the cash flow statement requirements for recognition under ASPE.
To review the cash flow statement requirements for measurement under ASPE.
To review the cash flow statement requirements for presentation under ASPE.
To discuss the exceptions permitted in ASPE.
To analyze the unique disclosure and presentation requirements for the cash flow statement disclosures of ASPE

Recommended For

This CPD webinar is recommended for CPAs, Accounting, and auditing practitioners at all levels who want to understand everything about the Accounting Standards for Private Enterprises (ASPE) Cash flow statement.

Who Should Attend?

Certified Public Accountant (CPA)
CPA - Large Firm
CPA - Mid Size Firm
CPA - Small Firm
Young CPA

Course Qualification

Webinar Qualifies For

2 CPD Credit for Chartered Professional Accountant (CPA Canada)
2 General Credit for Accountant/Bookeeper
2 CPE Credit for Certified Fraud Examiner (CFE)
2 CPE Credit for Certified Internal Auditors (CIA)
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 Certificate In Investment Performance Measurement (CIPM)

Additional details

Course Level :

Basic
Credits :

2
Instructional Method :

Group Internet Based
Pre-requisites :

None
Advance Preparation :

None

Presenter

About Presenter

Michel Morley

Founder, Mike Morley

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.

Faq

FAQs content

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As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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