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ASPE Consolidated financial statements

  • ACCT/BK
  • CPA (CA)
  • CFE
  • CIA
  • CMA
  • CFA
  • IAP
  • QIAL
  • CIPM
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

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.

This CPD course describes the concepts underlying the application of ASPE (Accounting Standards for Private Enterprises) in preparing general-purpose financial statements for private enterprises and many of the required disclosures.

Consolidated 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 consolidated financial statements.

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 consolidated financial statements under ASPE.

In this CPD webinar speaker, Michel Morley outlines an easy-to-understand step-by-step procedure for putting together the consolidated financial 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 consolidated financial statements rules. 
  • Planning the approach: financial statement consolidation and decision criteria.
  • Sizing up the impacts of consolidated financial statement questions you need to ask.
  • Specific rules and provisions for ASPE consolidated financial statement disclosures.
  • Limited exceptions are permitted in ASPE.
  • Disclosure and presentation requirements.


Learning Objectives

  • To analyze the latest information regarding consolidated financial statements in ASPE.
  • To review the consolidated financial statement requirements for recognition under ASPE.
  • To review the consolidated financial statement requirements for measurement under ASPE.
  • To review the consolidated financial statement requirements for presentation under ASPE.
  • To inspect exceptions permitted in ASPE.
  • To discuss the unique disclosure and presentation requirements for the consolidated financial statement disclosures of ASPE.

Recommended For

  • This CPD webinar is recommended for CPAs, Accounting, and auditing practitioners at all levels who want to understand consolidated financial statements of the Accounting Standards for Private Enterprises (ASPE).

Who Should Attend?

  • Certificate in Investment Performance Management
  • Certified Fraud Examiner
  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • Chartered Financial Analyst
  • CPA (Industry)
  • 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/Bookkeeper (ACCT./BK)
  • 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

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, 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 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.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • 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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ASPE Consolidated financial statements

$20

2 Credits

Subject Area

Accounting

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