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Contributions Revenue Recognition for Canadian not-for-profit organizations

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

Course Description

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

Course Qualification

Webinar Qualifies For

  • 2 General Credit for Accountant/Bookeeper
  • 2 CPD Credit for Chartered Professional Accountant (CPA Canada)
  • 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.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • 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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Contributions Revenue Recognition for Canadian not-for-profit organizations

$20

2 Credits

Subject Area

Accounting

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