Public Sector Accounting - Financial Statement Presentation Update

Learning Objectives

• To discuss the latest information regarding financial statement presentations for Canadian organizations.
• To analyze the overall guidance on financial statement presentation for Canadian organizations.
• To apply presentation rules and exceptions.
• To review the recognition, measurement, and presentation constraints.
• To look at disclosure and presentation requirements.
• To inspect how to write the appropriate Notes.
• To explain the unique disclosure and presentation requirements of financial statement presentation for Canadian organizations.

Course Description

This CPD course is specific for the Canadian Audience only.

The recently updated financial statement presentation standard represents a pivotal framework that establishes both broad and detailed prerequisites governing how information is presented in general-purpose financial statements. It serves as a comprehensive guide, laying out the groundwork for transparent and consistent reporting practices among Canadian organizations. By delineating general and specific requirements, the standard endeavors to enhance the overall quality and reliability of financial statements, fostering greater clarity for stakeholders and investors alike.

One noteworthy aspect of this update is its provision of general guidance about the recognition of specific items within financial statements. This CPD Course serves as a valuable resource for financial statement preparers, as well as accounting and auditing practitioners within the Canadian context. It acts as a compass, guiding professionals through the intricacies of the updated standard and assisting them in navigating the nuanced landscape of financial statement presentation.

Key areas covered in this webinar:

• Basic concepts, scope, and applicability of the rules for financial statement presentation for Canadian organizations. 
• Planning the approach: financial statement presentation for Canadian organizations and policies and decision criteria.
• Sizing up the impacts of the guidelines for financial statement presentation for Canadian organizations: questions you need to ask.
• Specific rules and unique provisions for financial statement presentation for Canadian organizations.
• Recognition criteria.
• Disclosure and presentation requirements.
• Notes to financial statements.

Join this CPD webinar, it outlines an easy-to-understand step-by-step procedure for financial statement presentation for Canadian organizations and what needs to be carefully considered.

Overview

• Some definitions and terms

  5 mins
• Format and measurement

  13 mins
• Acknowledgment of management's responsibility

  21 mins
• Governments and Going concern

  39 mins
• Comparative financial information

  49 mins
• Tangible capital assets

  63 mins
• Liabilities with financial and non-financial components

  73 mins