This course provides a review of the recognition, measurement, disclosure and presentation related to related parties, with emphasis on the initial and subsequent measurement of related party financial instruments, retractable or mandatorily redeemable shares, classification of related party balances on the balance sheet, and cash flow statement, accounting for business combination between related parties and presentation and disclosure. The course supports a deeper understanding of how requirements affecting related parties apply in practice and strengthens participants’ ability to interpret and apply the standard effectively.

ADVISORY

This course was previously part of ASPE - Review of the Standards, which has since been divided into standalone courses. This modularization approach allows members to choose only the content most relevant to their needs. Here are all the courses that were split from ASPE - Review of the Standards. Please note that availability of offerings may vary throughout the year, and some courses are available only in On-Demand format. 

For members who require the complete curriculum, the full ASPE - Review of the Standards course remains available in On-Demand format. 

Most accounting and tax professionals will acquire substantial gains from this course, especially: 

• Practitioners seeking an overview of related parties. 
• Accounting and tax professionals working with private enterprises or not-for-profit organizations. 
• Individuals looking to strengthen their knowledge of ASPE presentation and disclosure requirements. 

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

• Describe ASPE recognition, measurement and disclosure requirements affecting related parties. 
• Identify and explain recent updates to ASPE and their impact on financial reporting. 
• Apply ASPE related party concepts using examples that illustrate accounting presentation and disclosure considerations. 

Topics include: 

• Core ASPE financial instrument concepts, such as identification of related parties, recognition and measurement of related party financial instruments, and retractable or mandatorily redeemable shares. 
• Overview of key disclosure and presentation areas for related parties, including cross-corporate guarantees, classification of related party balances on the balance sheet, and classification of changes in related party balances on the statement of cash flow. 
• Overview of foundational topics, including accounting for business combinations between related parties. 
• Illustrative examples, exercises, and sample disclosures that reinforce participants’ understanding of the practical application affecting related parties. 
  
  

Course Content Created: September 2026

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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.