Participants will receive an update on recent and upcoming revisions to the CPA Canada Handbook – Part III (ASNFPO), along with relevant changes in ASPE where these standards are applied by not-for-profit organizations. Participants will learn how these developments may affect financial reporting practices.

• Professionals involved in preparing NFPO financial statements. 
• Practitioners who provide assurance services on NFPO financial statements. 
• CPAs who volunteer on NFPO Boards and require current technical knowledge. 
• Financial leaders supporting NFPO governance and accounting policy decisions.  

By the end of this course, participants should be able to: 

• Describe the implications of current proposals and exposure drafts  
• Identify developments in projects that affect NFPOs, 
• Summarize upcoming developments in ASNFPO. 
• Review current matters discussed by Not-for-Profit Advisory Committees. 
• Identify relevant publications.

Topics include: 

• ASNFPO updates, including Exposure Draft and Feedback Statement on Contributions – Revenue Recognition and Related Matters and Consultation Papers – Advancing Accounting Standards Together 2027-2032 Draft Strategic Plan  and Detailed Review of Accounting Standards for Private Enterprises. 
• Accounting guideline relevant to NFPOs, AcG-21 Insurance Contracts with Cash Surrender Value. 
• ASNFPO projects such as 2026-2027 Package of Minor Amendments, Financial Statement Concepts, Guidance Framework and Improvements to Section 4450,  Reporting Controlled and Related Entities. 
• ASPE updates impacting NFPOs, including Exposure Draft – Relief From Recognition of Acquired Intangible Assets and Amortization of Goodwill. 
• ASPE projects impacting NFPOs, such as Derecognition of Financial Liabilities. 
• Keeping current with effective dates, handbook changes, and standard setting process updates.
  
  

Course Content Created: September 2026

Presenter

About This Product

On-Demand Courses by CPA PRO are either video recordings from live seminars, or video recordings produced specifically for the on-demand audience. Slides and any corresponding handout materials are included where available.These titles are eligible for Verifiable CPD Hours – in order to claim these hours as verifiable, you will be required to successfully complete a short quiz. You will be able to print or save your electronic certificate of completion.

Note that some courses comprise both formal instruction and self-directed exercises. In such cases, participants must complete both components to claim full CPD hours, or must reduce their reported CPD hours accordingly.

Please note that not all on-demand courses include downloadable materials such as course notes or slides.

How to get started

After completing your purchase, go to mylms.bccpa.ca. Log in using your CPABC Online Services credentials. Click Go to Your Courses and Materials to access your Learning Center. Select your course title to begin.