ASPE - Related Party Transactions (On-Demand - CPA PRO)
Overview
This course is designed to address the challenges faced by preparers of ASPE financial statements and practitioners with respect to the recognition, measurement, presentation and disclosure of related party transactions and balances under ASPE. The course uses case studies, exercises and examples to illustrate the numerous and complex issues when accounting for related party transactions.
Access expires 180 days from purchase date |
Course Description
Applicable for
Learning Objectives
- recognize and measure related party transactions – from simple to complicated transactions including amalgamations and property transfers
- draft best practice disclosures for related party transactions addressing the concerns of practice inspection
Content
- what is a related party transaction and who are related parties?
- how should related party transactions be measured – at cost, exchange amount or fair value?
- when and how does section 3856, Financial Instruments apply to related party transactions?
- should related party financial instruments be classified as current or non-current?
- how to assess collectability of related party receivables?
- should gains and losses on related party transactions recorded in profit and loss or as a capital transaction?
- disclosure requirements under section 3840 including the terminology dos and don’ts
- accounting for business combinations among related parties
- accounting for amalgamations, wind-ups and other combinations involving related parties
Course Content Created: September 2024
The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.Presenter
Jane Bowen, FCPA, FCAAbout 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
Upon completion of purchase, go to mylms.bccpa.ca and log in using your CPABC Online Services credentials. Click “Go to your Courses and Materials” to go to your Learning Center, then find and click on your course title.
Course Dates & Registration
- 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 - Related Party Transactions (On-Demand - CPA PRO)
- 7
- CPD Hours
- 0
- Ethics Hours
- 0
- AML Hours
- 10
- Credits
Overview
This course is designed to address the challenges faced by preparers of ASPE financial statements and practitioners with respect to the recognition, measurement, presentation and disclosure of related party transactions and balances under ASPE. The course uses case studies, exercises and examples to illustrate the numerous and complex issues when accounting for related party transactions.
Access expires 180 days from purchase date |
Course Description
Applicable for
Learning Objectives
- recognize and measure related party transactions – from simple to complicated transactions including amalgamations and property transfers
- draft best practice disclosures for related party transactions addressing the concerns of practice inspection
Content
- what is a related party transaction and who are related parties?
- how should related party transactions be measured – at cost, exchange amount or fair value?
- when and how does section 3856, Financial Instruments apply to related party transactions?
- should related party financial instruments be classified as current or non-current?
- how to assess collectability of related party receivables?
- should gains and losses on related party transactions recorded in profit and loss or as a capital transaction?
- disclosure requirements under section 3840 including the terminology dos and don’ts
- accounting for business combinations among related parties
- accounting for amalgamations, wind-ups and other combinations involving related parties
Course Content Created: September 2024
The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.Presenter
Jane Bowen, FCPA, FCAAbout 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
Upon completion of purchase, go to mylms.bccpa.ca and log in using your CPABC Online Services credentials. Click “Go to your Courses and Materials” to go to your Learning Center, then find and click on your course title.
Course Dates & Registration
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.