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ASPE Cash Flow Statement

  • Accountant
  • CPA (CA)
  • CFE
  • CIA
  • CMA
  • CFA
  • IAP
  • QIAL
  • CIPM

Published: March, 2022

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • What investment fund does this section on cash flow NOT apply to
    6 mins
  • Investing activities
    14 mins
  • Classification of cash flows
    23 mins
  • Cash flows from operating activities
    37 mins
  • Business combinations and disposal of business units
    55 mins

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 International Financial Reporting Standard. 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 Accounting 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 Accounting 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 permitted in ASPE.
  • Disclosure and presentation requirements.


Click Here to explore Package for Canadian CPAs.

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?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • Certified Fraud Examiner
  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • Certified Valuation Analysts
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 2 CPD Credit of Accounting for Chartered Professional Accountant (CPA Canada)
  • 2 General Credit for Accountant/Bookeeper
  • 2 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
  • 2 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
  • 2 CPE Credit of Accounting & Auditing for Certified Management Accountants (CMA)
  • 2 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
  • 2 CPE Credit for Internal Audit Practitioner (IAP)
  • 2 PL Credit for Certificate In Investment Performance Measurement (CIPM)
  • 2 PL Credit for Chartered Financial Analyst (CFA)

Additional details

  • Course Level :
    Basic
  • Credits :
    2
  • Instructional Method :
    QAS Self Study
  • 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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