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ASPE Disclosure of accounting policies

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

Published: April, 2022

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  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description


  • Content of disclosures
    9 mins
  • First time adoption accounting policy disclosures
    16 mins
  • Cash and cash equivalents accounting policy disclosures
    30 mins
  • Consolidated financial statements accounting policy disclosures
    47 mins
  • Cost model accounting policy disclosures
    64 mins
  • Impairment accounting policy disclosures
    86 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 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 webinar 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.

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 disclosing accounting policies.

This CPD webinar is a review that will help preparers of financial statements and accounting practitioners in exercising their professional judgment as to the disclosures of accounting policies in many critical areas.

In this CPD webinar speaker, Michel Morley outlines an easy-to-understand step-by-step procedure for applying and disclosing accounting policies and examines the many factors that private companies need to carefully consider when implementing ASPE.

Major Topics Covered in this CPD webinar for Canadian CPAs:

  • Basic concepts, scope, and applicability of ASPE. 
  • Planning the approach: accounting policies and decision criteria.
  • Sizing up the impacts of accounting policy disclosures: questions you need to ask.
  • Specific rules and provisions for ASPE accounting policy disclosures.
  • Limited exceptions permitted in ASPE.
  • Disclosure and presentation requirements.

Learning Objectives

  • To discuss the latest information regarding accounting policy disclosure in ASPE.
  • To analyze how to apply ASPE accounting policy disclosure rules and exceptions.
  • To review the accounting policy requirements for recognition, measurement, and presentation under ASPE.
  • To discuss the unique disclosure and presentation requirements for accounting policy disclosures of ASPE.

Recommended For

This CPD webinar is recommended for CPAs, Accounting, and auditing practitioners at all levels who want to understand about disclosures of accounting policies of the Accounting Standards for Private Enterprises (ASPE).

Who Should Attend?

  • Accounting Firm
  • Accounting Managers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA in Business
  • Staff of Accounting Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

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

Additional details

  • Course Level :
  • Credits :
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
  • Advance Preparation :


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.


FAQs content

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Ratings and Review


6 Ratings



Very Good









Angela Mastromonaco, CPA (CA)

Aug 12th, 2022

Speaker was monotone


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