Upcoming Events and Activities

23 Feb -Accounting Standards for Nonprofits

As a result of recent changes in accounting standards, Not for Profit Organizations (NPO's) may report under several financial reporting frameworks:

• International Financial Reporting Standards (IFRS);
• CICA Handbook: Accounting Part III - Accounting Standards for NPOs; or,
• CICA Public Sector Accounting Standards (for public sector entities only)

This workshop will cover the following topics:

• Discussion of NPOs and their main characteristics;
• Discussion of the financial reporting frameworks available for NPOs and transition considerations associated with each framework ;
• Financial reporting for NFPOs;
• Deferral method vs. restricted fund method
• Discussion of the main financial reporting issues for NPOs, such as contributed materials and services, contributions receivable, capital assets and disclosure of allocated expenses;
• Audit of NFPOs
• Main differences between the audits of NPOs and those of profit-oriented entities
• Significant issues and difficulties that your auditors may encounter

      Facilitator: Marla Dorin, CA

Date:                      Thursday, February 23, 2012
Start Time:            11:30 am      End Time: 1:00 pm
Location:               The Redpoll Centre
Fee:                       Free (limited seating, please register early)

Special thanks to  MNP for sponsoring this lunch and learn opportunity on Accounting Standards for Nonprofits and also for providing meal for our participants.

This workshop is sponsored in part by :