Course Details


Course Name: Accounting Standards for Private Enterprises (ASPE)
CPD hours: 2.5
Type: Online
Price: $150 $120


Description:
Guidance for practitioners and those who prepare financial statements in accordance with ASPE The Guide to Accounting Standards for Private Enterprises helps accounting professionals apply the accounting standards that were developed specifically for private Canadian enterprises.

Real life scenario, the basic key concepts in preparing a financial statement under the accounting standards for private enterprises including recognition, measurement, valuation and presentation and disclosure requirements.


Topics:
Introduction
Scenario 1
Objective of Financial Statements
General Purpose Financial Statements
Financial Statements
Materiality
Fair Presentation, Pt. 1
Fair Presentation, Pt. 2
Going Concern
Comparatives
Case Study - Gidget Manufacturing
Scenario 2, Pt. 1
Balance Sheet
Assets
Financial Assets 1
Financial Assets 2
Financial Assets 3
Impairment of Financial Assets
Accounting Policy Note 1
Accounting Policy Note 2
Cash and Cash Equivalents 1
Significant Accounting Policy Note
Cash and Cash Equivalents 2
Restricted Cash
X. Trade and Other Receivables
Scenario 2, Pt. 2
Discussion Question
Discussion Question - Debrief
X. Investments
Inventory
Costing Methods
Inventory Measurement - Question
Inventory Measurement - Debrief
Significant Accounting Policy Note 1
X. Inventories
Property, Plant and Equipment 1
Amortization
Significant Accounting Policy Note 2
X. Property Plant and Equipment 2
Intangible Assets
Separately Acquired
Internally Generated
Development Phase
Accounting Policies 1
Accounting Policies 2
Impairment
Liabilities
Financial Liabilities 1
Financial Liabilities - Question
Financial Liabilities 2
X. Loan Payable
Long - Term Debt (Examples)
Covenant Violations, Pt. 2
Long - Term Debt - Callable Debt 1
Long - Term Debt - Callable Debt 2
Long - Term Debt - Callable Debt 3
Scenario 2, Pt. 3
X. Obligations Under Capital Leases
Share Capital
Redeemable Shares
Current Assets
Current Liabilities
Covenant Violations, Pt. 1
Income Statement
Items to be Presented on I/S
Revenue Recognition 1
Revenue Recognition 2
Gross VS Net Revenue Recognition
Significant Accounting Policy Note 1
Significant Accounting Policy Note 2
Revenue - Inspection Findings
Scenario 2, Pt. 4
Cash Flows Statement
Scenario 2, Pt. 5
Operating Cash Flows
Direct Method
Indirect Method
Separate Presentation of Cash Flows 1
Separate Presentation of Cash Flows 2
Cash Flows Statement
Other Note Disclosures
Notes to Financial Statements
Accounting Policies Disclosure - Question
Accounting Policies Disclosure - Debrief
Basis of Presentation
Measurement Uncertainty 1
Measurement Uncertainty 2
Use of Estimate
X. Related Party Transactions
Economics Dependence
Financial Instruments
Scenario 2, Pt. 6
Key Areas






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