While some professionals encounter certain standards on a daily basis, other practitioners require a review of standards that they fail to encounter regularly in their work. Accordingly, this workshop focuses on general PSAS concepts, the structure of the PSAS handbook, and differences between PSAS and those of ASPE or IFRS. The comparison of PSAS concepts with those in ASPE or IFRS allow attendees to understand new ideas on the basis of their background knowledge, thus enhancing learning potential. Although the session involves lectures, the workshop occurs in modules that link relevant concepts together and allow time for interactive questions and discussions. Specifically, the workshop uses collaborative learning, industry examples, and small case studies to keep participants engaged.

This course is being offered to

• Allow participants to leave the workshop with a strong knowledge of general PSAS and an understanding of the PSAS for researching complexities of real-life situations
• Understand the objectives of public sector accounting standards and what makes these standards different from APSE or IFRS
• Ensure participants are aware of significant upcoming changes to the PSA standards

• Preparers of public sector financial statements (including CFO, Director of Finance or Managers and accounting preparers)
• Auditors of public sector financial statements (Including Partners, Senior Managers, or Managers and senior auditors)
• Board or audit committee members or senior management of public sector entities and governments
• PSAS are applicable to governments including municipalities, first nations, and government-controlled entities

• In a module-based format, participants will learn the fundamental PSAS concepts within the Handbook
• With the use of mini cases and examples, and a case study, participants will practice applying the PSAS concepts to specific examples via group discussion
• Participants will be able explain the PSAS reporting framework and how PSAS differs from ASPE and IFRS

• Introduction to PSAS and the Conceptual framework and reporting model (including the new Conceptual Framework and upcoming changes with PS 1202)
• Government reporting entities and accounting for controlled entities (including government business entities)
  PSAS revenue standards
• Accounting for Government Transfers (as revenues and expenses)
• Asset retirement obligations and liability for contaminated sites standards
• Financial instruments, foreign exchange and re-measurement gains/losses
• Tangible capital assets and impairment, purchased intangible assets and cloud computing costs
• Leases
• Public Private Partnerships
• Pensions, and employee future benefits (including an overview of the upcoming revised standard)
• Loans receivables and loan guarantees
• Contractual rights and obligations
• Contingent Assets and liabilities
• Related party and inter-entity transactions
• Restructuring transactions 
• PSAS Handbook structure, including GAAP hierarchy, public sector guidelines, and SORPs

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. 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.