Training
Accounting and assurance standars – Potpourri of accounting standards
Length: 7 h 00
Updated training for 2025-2026
Summary
This training offers a practical and focused overview of several key chapters of the CPA Canada Handbook (ASPE and ASNPO). Topics include:
- Intangible assets
- Cloud computing arrangements
- Life insurance contracts with cash surrender value
- Impairment of long-lived assets
- Disposal of long-lived assets and discontinued operations
- Asset retirement obligations
The focus will be on understanding the specific rules, applying them in practice, and documenting them properly in your audit or review files. Through practical examples, working papers, and sample notes, this course will help you better integrate these requirements into your financial statements and ensure rigorous compliance.
Learning Objectives:
- Master the key requirements of various CPA Canada Handbook chapters.
- Apply these standards in practice using examples and working papers.
- Properly document audit or review files.
- Ensure better compliance and improve the quality of financial reporting.
Agenda
Identify, understand and apply accounting rules in financial reporting
- Intangible assets (3064 in the handbook):
- Initial recognition and valuation.
- Subsequent measurement using examples.
- Practical examples of worksheets and notes for financial statement disclosures.
- Customer’s accounting for cloud computing arrangements (AcG-20 in the handbook):
- Identification of cloud contract components.
- Initial accounting and choice of simplified method.
- Practical examples of worksheets and notes for financial statement disclosures.
- Life Insurance Policies with Cash Surrender Value (AcG-21 in the handbook):
- Recognition of the cash surrender value as an asset and presentation in the financial statements.
- Treatment of premiums and changes in cash surrender value.
- Presentation and disclosure requirements under Section 3290.
- Practical examples to document and support the chosen accounting treatment.
- Impairment of long-lived assets (3063 of the handbook):
- Recognition and determination of impairment.
- Testing recoverability and fair value estimates.
- Practical examples of worksheets and notes for financial statement disclosures.
- Disposal of long-lived assets and discontinued operations (3475 of the manual):
- Long-lived assets held for sale on the balance sheet.
- Discontinued operations in the income statement.
- Financial statement presentation and notes.
- Practical examples of worksheets and notes for financial statement disclosures.
- Asset retirement obligations (3110 of the handbook):
- Scope of applications.
- Initial recognition and revision of accounting estimates.
- Examples of asset retirement obligation calculations and worksheets in audit or review files.
- Practical examples of worksheets and notes for financial statement disclosures.
Last but not least
- Presentation of these requirements with the Paradigme Questionnaires
- Practical examples:
- Case and solutions.
- Examples of obtaining audit evidence for audit or review files.
- Examples of notes to financial statements.
- Discussion with participants
Results for Your Firm
- Improved rigour and quality of prepared files.
- Increased efficiency through the use of working papers and practical examples.
- Better preparation for file reviews and professional practice requirements.
- Concrete tools to support your teams in the day-to-day application of standards.
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