Course Name: ASPE: Revenue Recognition 2026
CPD Hours: 1.5
Type: Online/Video
Price: $90 $81
Description:
Revenue recognition remains one of the most critical and judgment-intensive areas in financial reporting for private enterprises. This course provides a comprehensive and practical examination of revenue recognition under Accounting Standards for Private Enterprises (ASPE), Section 3400 – Revenue, with a focus on real-world application for Canadian accountants.
Designed for CPAs and accounting professionals working with private entities, the course explores the core principles of revenue recognition, including the transfer of risks and rewards, measurement reliability, and collectability. Participants will gain a clear understanding of how revenue is recognized across common transaction types such as the sale of goods, service arrangements, and long-term contracts.
The course also addresses complex and frequently encountered scenarios, including multiple-element arrangements, variable consideration, returns, warranties, and industry-specific applications. Emphasis is placed on areas requiring professional judgment, helping practitioners apply ASPE guidance consistently and defensibly in practice.
In addition, the course highlights key differences between ASPE and IFRS revenue recognition approaches, common financial reporting errors identified in practice, and the disclosure requirements necessary to ensure transparency and compliance. Practical examples and case-based insights are incorporated throughout to bridge technical standards with day-to-day accounting decisions.
By the end of this course, participants will be equipped with the knowledge and confidence to apply ASPE revenue recognition principles accurately, avoid common pitfalls, and enhance the quality of financial reporting for private enterprises.
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