ASPE - Revenue Recognition 3400 (Live Webinar - Multi Segment)
Overview
This course addresses challenges faced by preparers of ASPE financial statements and practitioners with respect to the recognition, measurement, presentation, and disclosure of revenue transactions under ASPE.
| This is an online virtual offering. Live webinars have varying levels of expected interaction, with some requiring microphone and camera capabilities to support a proper learning experience – please email pdreg@bccpa.ca if you have concerns. |
Course Description
Applicable for
Learning Objectives
- evaluate what the revenue arrangement (units of account) is and whether the arrangement should be combined and include multiple elements
- determine how revenue should be recognized
- measure the allocation of revenue to multiple-element arrangements
- evaluate whether revenue can be recognized without delivery (i.e., bill and hold arrangements)
- draft appropriate note disclosures to address revenue recognition
Content
- identifying units of account for a sales arrangement and combining sales arrangements
- multiple element arrangements
- percentage of completion vs. completed contract, specifically in the construction industry
- upfront non-refundable fees, including a discussion of the deferral of the guidance on this topic
- bill and hold arrangements
- presenting revenue gross vs. net
- disclosure requirements
Course Dates & Registration
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Diane E. McDonald, CPA, CA is a sole practitioner who has been in public practice for over 40 years in Ontario and BC. Today, Diane provides consulting and professional practice services throughout B.C. Diane works with companies and practitioners navigating Canadian and SEC financial reporting obligations and provides accounting and financial reporting consultation services on the application of IFRS, ASPE, ASNFPO and U.S. GAAP. Diane also works with practitioners performing audits and review engagements, assisting them with the design and application of assurance standards. Diane develops and provides professional development training for preparers of financial statements, their auditors and accountants and provides monitoring, EQCR and other services to practitioners.Improving Your Virtual Learning Experience
| To enhance the virtual learning experience, we encourage participants to have their cameras turned on. This practice promotes a stronger connection with the instructor and fellow participants, and fosters improved communication and collaboration. Live Webinar FAQs can be found here. |
Registration terms and conditions, including the cancellation policy can be found here. If you require further assistance, please contact the PD Department.
- 7
- CPD Hours
- 0
- Ethics Hours
- 0
- AML Hours
- 10
- Credits
Starting April 1, 2026, a 2.1% fee will be applied to all credit card transactions. Learn more about this fee and how it relates to PD registrations.
ASPE - Revenue Recognition 3400 (Live Webinar - Multi Segment)
- 7
- CPD Hours
- 0
- Ethics Hours
- 0
- AML Hours
- 10
- Credits
Overview
This course addresses challenges faced by preparers of ASPE financial statements and practitioners with respect to the recognition, measurement, presentation, and disclosure of revenue transactions under ASPE.
| This is an online virtual offering. Live webinars have varying levels of expected interaction, with some requiring microphone and camera capabilities to support a proper learning experience – please email pdreg@bccpa.ca if you have concerns. |
Course Description
Applicable for
Learning Objectives
- evaluate what the revenue arrangement (units of account) is and whether the arrangement should be combined and include multiple elements
- determine how revenue should be recognized
- measure the allocation of revenue to multiple-element arrangements
- evaluate whether revenue can be recognized without delivery (i.e., bill and hold arrangements)
- draft appropriate note disclosures to address revenue recognition
Content
- identifying units of account for a sales arrangement and combining sales arrangements
- multiple element arrangements
- percentage of completion vs. completed contract, specifically in the construction industry
- upfront non-refundable fees, including a discussion of the deferral of the guidance on this topic
- bill and hold arrangements
- presenting revenue gross vs. net
- disclosure requirements
Course Dates & Registration
Diane E. McDonald, CPA, CA is a sole practitioner who has been in public practice for over 40 years in Ontario and BC. Today, Diane provides consulting and professional practice services throughout B.C. Diane works with companies and practitioners navigating Canadian and SEC financial reporting obligations and provides accounting and financial reporting consultation services on the application of IFRS, ASPE, ASNFPO and U.S. GAAP. Diane also works with practitioners performing audits and review engagements, assisting them with the design and application of assurance standards. Diane develops and provides professional development training for preparers of financial statements, their auditors and accountants and provides monitoring, EQCR and other services to practitioners.Improving Your Virtual Learning Experience
| To enhance the virtual learning experience, we encourage participants to have their cameras turned on. This practice promotes a stronger connection with the instructor and fellow participants, and fosters improved communication and collaboration. Live Webinar FAQs can be found here. |
Registration terms and conditions, including the cancellation policy can be found here. If you require further assistance, please contact the PD Department.
Starting April 1, 2026, a 2.1% fee will be applied to all credit card transactions. Learn more about this fee and how it relates to PD registrations.