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ASPE General Standards of Financial Statement Presentation

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

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

  • General standards of financial statement presentation
    3 mins
  • Fair presentation in accordance with GAAP
    9 mins
  • What the financial statements are...
    22 mins
  • Current assets and current liabilities
    38 mins
  • Disposal of long-lived assets and discontinued operations
    61 mins
  • Results and outlook
    69 mins

Course Description

This CPD course describes the concepts underlying the development and use of general standards of general-purpose financial statement presentation for private enterprises in Canada.

Financial statements for Canadian private enterprises are designed to meet the common information needs of external users of financial information about an entity. The speaker Michel Morley in this CPD webinar describes what constitutes general standards of general-purpose financial statement presentation for Canadian private enterprises reporting .

This CPD course for Canadian CPAs will help preparers of Canadian financial statements and accounting practitioners in exercising their professional judgment as to the presentation of general-purpose financial statements. It reflects accounting policy choices in many areas in which accounting principles are developing.

Major topics covered in this online CPD webinar on Accounting:

  • Basic concepts under Canadian General Standards for financial statement presentation for private Canadian entities. 
  • The necessary qualitative characteristics of Canadian private entity financial statements. 
  • Recognition and measurement presentation criteria for private Canadian entities. 
  • Importance of comparative information. 
  • Presentation guidelines for assets, liabilities, revenue, and expenses.
  • Disclosure requirements. 
  • Presentation details.

Click Here to explore 10 CPD Accounting Focused Package for Canadian CPAs.

Check out our ASPE Certification to gain deeper knowledge of Canadian Accounting Standards for Private Enterprise.

Learning Objectives

  • To describe the overall guidance on general-purpose financial statement preparation for Canadian private enterprises. 
  • To review the recognition and presentation rules for Canadian private enterprises. 
  • To explain how estimates, errors and adjustments are presented in general-purpose financial statements of Canadian private enterprises.
  • To review the structure of the notes to the financial statements. 
  • To discuss disclosure and presentation requirements. 

Recommended For

  • This Accounting CPD course is recommended for Canadian CPAs, Accounting and Finance Professionals, Chief Accounting Officers, Accounts Directors, and Business Owners interested in learning about accounting policy choices in many areas in which accounting principles are developing.

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • Chartered Professional Accountant
  • Chief Accounting Officer
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Staff of Accounting Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 2 CPD Credit of Accounting for Chartered Professional Accountant (CPA Canada)
  • 2 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
  • 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 Financial Reporting for Certified Management Accountants (CMA)
  • 2 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
  • 2 CPE Credit of Accounting for Internal Audit Practitioner (IAP)

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.

About Company

Mike Morley

www.mikemorley.com/

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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