Participants will gain a clear understanding of recent and upcoming updates to Accounting Standards for Private Enterprises (ASPE). The course highlights standard changes effective in 2026 and beyond, as well as key areas currently under review by the AcSB.Participants will also explore areas where financial statement preparers and practitioners commonly encounter challenges, supported by practical examples that reflect issues outlined across modules in the course materials.

• Professionals involved in preparing or analyzing financial statements for small- and medium-sized entities. 
• Practitioners who provide assurance services on ASPE financial statements. 

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

• Apply and explain new and revised ASPE standards that take effect in 2026 and beyond. 
• Describe implications of Exposure Drafts, Consultation Papers and developments in other projects 
• Identify improvements related to common deficiencies observed in ASPE financial statements. 
• Locate and use relevant publications and resource materials that support the application of ASPE.

• Topics include:  
• Recent amendments to ASPE, including agriculture and related party combinations under common control. 
• Accounting guideline AcG-21 Insurance Contracts With Cash Surrender Value. 
• Exposure draft and Consultation Paper impacting future ASPE requirements, Exposure Draft - Relief from Recognition of Acquired Intangible assets and Amortization of Goodwill and Consultation Papers – Advancing Accounting Standards Together 2027-2032 Draft Strategic Plan and Detailed Review of Accounting Standards for Private Enterprises (ASPE). 
• Active AcSB projects impacting future ASPE requirements, such as 2026-2027 package of minor amendments, derecognition of financial liabilities, financial statement concepts and guidance framework. 
• Common ASPE deficiencies and current “hot topics,” including classification issues, revenue considerations, risk disclosures, and the accounting implications of economic uncertainty.  
  
  

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.