Course Description
This CPD webinar describes the concepts underlying the
application of Accounting Standards for Canadian Not-for-profit Organizations
in presenting general-purpose financial statements for not-for-profit
organizations.
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 about
contributions recognized as revenue and the specific rules used for financial
statement presentation.
This CPD course 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 contributions recognized as revenue in
the financial statements of Canadian not-for-profit organizations.
Major Topics Covered in this CPD Accounting Online Course:
- Basic concepts, scope, and applicability of contribution revenue recognition accounting and financial statement presentation for Canadian not-for-profit organizations.
- Planning the approach: financial statement contribution revenue recognition policies and decision criteria.
- Sizing up the impacts of contribution revenue recognition presentation: questions you need to ask.
- Specific rules and unique provisions for presenting contributions revenue recognition 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 contributions and revenue recognition in the financial statements of Canadian not-for-profit organizations and what needs to be carefully considered.
Learning Objectives
- To discuss the latest information regarding financial statement presentation of contributions and revenue recognition by Canadian not-for-profit organizations.
- To explain the overall guidance on contributions and revenue recognition accounting and presentation for Canadian not-for-profit organizations.
- To apply presentation rules and exceptions.
- To review the recognition, measurement, and presentation constraints.
- To analyze disclosure and presentation requirements.
- To explain how to write the appropriate Notes.
- To analyze the unique disclosure and presentation requirements of presenting contributions and revenue recognition financial statements of Canadian not-for-profit organizations.
Recommended For
- This Online CPD Course is recommended for Canadian CPAs and other accounting professionals who want to understand the easy-to-understand step-by-step procedure for presenting contributions and revenue recognition in the financial statements of Canadian not-for-profit organizations.
Who Should Attend?
- Certified Fraud Examiner
- Certified Management Accountant (CMA)
- Certified Public Accountant (CPA)
- Chartered Financial Analyst
- CPA (Industry)
- CPA - Mid Size Firm
- CPA - Small Firm
- Non Profit Pros
- Nonprofit Professionals
