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ASPE Goodwill and Intangible Assets

  • Accountant
  • CPA (CA)
  • CFE
  • CGFM
  • CIA
  • CMA
  • IAP
  • QIAL

Published: September, 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 it does NOT apply to
    5 mins
  • Intangible asset
    22 mins
  • Identifiability
    34 mins
  • Subsequent expenditures
    47 mins
  • Criteria for recognition
    61 mins
  • Determining useful life of intangible asset
    76 mins

Course Description

This Online CPD course describes the concepts underlying the development and use of accounting principles in general purpose financial statements for private enterprises to account for goodwill and intangible assets.

Financial statements for private enterprises are designed to meet the common information needs of external users of financial information about an entity. This Online Continuing Professional Development webinar describes what constitutes generally accepted accounting principles (GAAP), for private enterprises reporting of goodwill and intangible assets.

This online CPD course will help preparers of financial statements and accounting practitioners in exercising their professional judgment as to the application of generally accepted accounting principles and in establishing accounting policies in the areas regarding goodwill and intangible assets

This online continuing professional development webinar outlines an easy-to-understand step-by-step procedure for putting together the financial statement and examines many factors that private companies need to carefully consider when implementing ASPE for Goodwill and Intangible Assets.

This Accounting CPD webinar includes the following key topics:

  • Basic concepts, scope under ASPE. 
  • Specific rules for accounting for goodwill and intangible assets in ASPE. 
  • Recognition criteria 
  • Accounting for assets, liabilities, revenue, and expenses related to goodwill and intangible assets. 
  • Disclosure requirements. 

Learning Objectives

  • To examine the background and scope of ASPE.
  • To discuss the overall ASPE guidance on accounting and reporting for private enterprises for goodwill and intangible assets.
  • To apply ASPE rules for accounting for goodwill and intangible assets and exceptions. 
  • To review the recognition, measurement, and presentation needs for goodwill and intangible assets under ASPE. 
  • To discuss the unique disclosure and presentation requirements for Goodwill and Intangible assets in financial statement disclosures of ASPE. 

Recommended For

  • This online CPD webinar is recommended for CPAs (Canada), Accountant, Accounting firms, Accounting Managers, Bookkeepers & Accountants & Tax Preparers, Accounts directors, Chief Accounting Officer, Young CPA, and other accounting professionals desiring to understand everything about ASPE Goodwill and Intangible assets.

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • Bookkeepers & Accountants & Tax Preparers
  • Chief Accounting Officer
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Senior Accountant
  • Staff of Accounting Firm
  • VP Accounts
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 0 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
  • 0 CPD Credit of Accounting for Chartered Professional Accountant (CPA Canada)
  • 2 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
  • 0 CPE Credit of Accounting for Internal Audit Practitioner (IAP)
  • 0 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
  • 0 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
  • 2 CPE Credit of Financial Reporting for Certified Management Accountants (CMA)
  • 2 CPE Credit of Accounting for Certified Government Financial Manager (CGFM)

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

  • 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.
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  • 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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