CPABC in Focus February/March 2014 | Page 33

PRoFeSSIoNAL DeVeLoPMeNT HIGHLIGHTS FROM CGA-BC’s WINTER 2014 PD SERIES All seminars described below will be taking place in the Lower Mainland unless otherwise noted. To register or to access CGA-BC’s complete PD program, visit www.cga-bc.org/pd or contact Allyson Hayward at 604.637.6801 or [email protected]. Current Issues in Federal Taxation There have been a number of CRA challenges concerning the disposal of a capital property and whether that property qualifies as a principal residence. First, this seminar will explore the criteria for claiming the principal residence exemption. Second, it will explain how to determine whether a transaction is on a capital or income account. Finally, it will review the criteria the CRA uses in determining REOP (Reasonable Expectation of Profit), as well as a number of court cases and recent legislative changes. Feb 25, 9:00am-4:30pm Accounting Standards for Private Enterprises (ASPE) Update The mandatory implementation dates for ASPE Part II have now passed for most businesses. Now that the new standards have been implemented, questions are arising. Many users of ASPE financial statements are indicating that it is often less clear when the right answer has been obtained. As well, there have been a number of updates since the release that may not be fully understood. This presentation will focus on a number of the major issues with which preparers and users of ASPE financial statements have indicated they are experiencing challenges. It will also provide clarity on updates and changes. Feb 26, 9:00am-4:30pm IFRS Revenue Recognition & Leases A revised exposure draft is out for revenue recognition, and some companies will find significant changes to the way revenue is reported. The objective of this project, conducted jointly by the International Accounting Standards Board (IASB) and the US-based Financial Accounting Standards Board (FASB), was to clarify the principles for recognizing revenue from contracts with customers. The proposed standard applies to all contracts with customers, except leases, financial instruments, and insurance contracts. It would replace both IAS 11 Construction Contracts and IAS 18 Revenue. Basing revenue recognition on the concept of control, rather than on the current distinction between goods and services, could represent a significant shift for some entities, and care will be needed to determine how the new approach would apply to their circumstances. Feb 26, 9:00am-4:30pm excel Excel – Intermediate (Lab)* This seminar will build on your Excel skills to create, edit, and format professionalcalibre worksheets with Microsoft Excel. You will learn to work with formulas and functions, and sort, filter, and manipulate data. The seminar will also explore Excel’s graphic capabilities, including charting, diagrams, and graphing data. Feb 14, 9:00am-4:30pm Excel – Advanced* Learn about the features and functions in Excel that will make accounting and finance tasks easier, faster, and more accurate. In this seminar, you’ll work with the many advanced features and best practices to analyze, sort, report, and present information in Excel. Lab: March 7, 9:00am-4:30pm Bring your own laptop - Coquitlam: Mar 21, 9:00am-4:30pm Excel – Budgeting and Techniques* This seminar will help you use Excel’s many advanced features more effectively for budget development and monitoring. Many organizations, large and small, use Excel as their primary tool for creating and monitoring budgets. Gain hands-on experience working with Excel’s many features, such as data consolidation for budgets, securing workbooks, and forecasting and charting techniques for budget presentations. Lab: April 11, 9:00am-4:30pm Bring your own laptop - Coquitlam: May 2, 9:00am-4:30pm Management The New Manager’s Toolbox: Concrete Skills You Need for Your New Responsibilities This dynamic seminar will provide leaders—both new and those who “missed the manual”—with everything they need to lead successfully. It will benefit anyone who is in a new managerial or supervisory role, or thinking of taking on such a role. March 11-12, 9:00am-4:30pm crossstudio/iStock/Thinkstock Tax & Accounting Tax Update – Corporate and Individual 2013 This seminar will provide an update on corporate and individual federal income tax in preparation for the 2013 filing season, and will cover specific current tax issues frequently encountered by tax practitioners and businesses. It is designed for anyone involved in the preparation of corporate and individual federal tax returns, and for those who wish to update their general knowledge of federal taxation principles. Feb 24, 9:00am-4:30pm *Qualifies for the Certificate of Achievement in Excel CPABC in Focus • Feb/Mar 2014 33