• Preparers of public sector financial statements (e.g., CFOs, directors of finance, managers, and accounting staff). 
• Auditors of public sector financial statements (e.g., partners, senior managers, managers, and senior auditors). 
• Board or audit committee members and senior management of public sector entities and governments. 
• Professionals working with governments, municipalities, First Nations, and government-controlled entities. 

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

• Explain the PSAS reporting framework and the role of the conceptual framework. 
• Compare new PSAS concepts and statements with the old model and with ASPE and IFRS to understand similarities and differences. 
• Understand the requirements related to entity developed accounting policies, identification of financial vs non-financial liabilities, and other key new areas. 
• Apply the new PSAS concepts to common public sector scenarios using case exercises.

Topics include: 

• The new Conceptual Framework, including its relevance to the standards, key aspects and connections between the standards and the framework, and significant changes from the previous conceptual framework, and differences from the IPSAS conceptual framework. 
• Entity developed accounting polices – what they are, common areas for these policies, and how to determine consistency with the conceptual framework. 
• The new Financial Reporting Model – PS 1202, including the new statements, and key financial measures.   
• Net Financial Liabilities (or Net Financial Assets) – the replacement for Net Debt 
• Classifying liabilities as financial or non-financial 
• Classifying assets as financial or non-financial 
• Examples and case studies to help understand application in practice

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. 

In general, we encourage participants to have their cameras turned on to enhance their virtual learning experience. 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.