Participants will develop a practical, end-to-end understanding of revenue recognition under ASPE Section 3400, including recognition, measurement, presentation, and disclosure across common arrangements. Participants will apply the guidance to real-world scenarios such as multiple-element arrangements, construction contracts, bill-and-hold, non-refundable upfront fees, and gross-versus-net presentation.

• Professionals who prepare or review private-enterprise financial statements and want a concise, practice-ready approach to ASPE revenue. 
• Practitioners seeking hands-on examples for complex arrangements (e.g., construction, multiple elements, bill-and-hold) and clearer disclosures.  

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

• Identify the sales arrangement (units of account), determine when to combine or separate contracts, and assess multiple-element arrangements. 
• Determine when revenue is recognized, including delivery, customer acceptance, rights of return, consignment, and bill-and-hold scenarios. 
• Allocate consideration and measure revenue for multi-element arrangements, and evaluate completed-contract versus percentage-of-completion methods where applicable. 
• Assess presentation decisions (gross vs. net) and draft clear, entity-specific revenue policy and disclosure notes.  

Topics include: 

• Scope and fundamentals of ASPE 3400; key recognition criteria and documentation. 
• Determining the sales arrangement: combining contracts; units of account; side arrangements; customary business practices. 
• Revenue timing topics: delivery and customer acceptance; rights of return; consignment; layaway; bill-and-hold; non-refundable upfront and licensing fees. 
• Long-term contracts: completed-contract vs. percentage-of-completion; measuring progress; contract costs; onerous losses; illustrative disclosures. 
• Multiple-element arrangements: identifying components, transaction price, allocation, and element-by-element recognition. 
• Presentation and disclosure: gross vs. net indicators; policy disclosure examples; measurement uncertainty; pass-through costs; vendor-to-customer payments. 
• Other revenue-related topics: investment income linkages, franchisor considerations, and rental-income touchpoints.  

Course Content Created: August 2025

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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. Where available, accompanying materials such as handouts or course notes are included.On-demand courses are eligible for verifiable CPD hours upon successful completion, and a certificate will be made available for download for your records.

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.