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    EC Advanced Financial Reporting Syllabus

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    jawadyasir21

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    EC Advanced Financial Reporting Syllabus

    Uploaded by

    jawadyasir21
    4 views4 pages

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    01109 EC Advanced Financial Reporting Syllabus

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    4 views4 pages

    EC Advanced Financial Reporting Syllabus

    Uploaded by

    jawadyasir21

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    CPA PREPARATORY COURSES

    SYLLABUS
    Advanced Financial Reporting

    © Chartered Professional Accountants of Canada. All rights reserved.


    No part of this publication may be reproduced or transmitted, in any form or by any means, without the prior written consent of CPA Canada.
    For information regarding permissions, please contact [email protected].
    2023-07-25
    CPA Preparatory Courses — Syllabus Advanced Financial Reporting

    Purpose
    The purpose of this syllabus is to provide information about the Advanced Financial
    Reporting CPA preparatory course. This document has been produced for current and
    potential students and those who advise them; and others in the professional,
    academic, and general community.

    Course Overview
    Course description
    This six-week core course builds on the intermediate financial accounting skills that are
    acquired in the Intermediate Financial Reporting 1 and 2 courses. This course covers
    fundamental accounting concepts consistent with the methodology used in the CPA
    Canada Handbook — Accounting.

    Course prerequisites
    The prerequisites for this course are the following courses or equivalent post-secondary
    courses:

    Resources
    See the Student Guide for a comprehensive list of course resources.

    Grading
    See the Student Guide for the course grading structure.

    1/3
    CPA Preparatory Courses — Syllabus Advanced Financial Reporting

    Course Outline
    The following topics are covered in Advanced Financial Reporting:

    Unit 1

    • Foreign currency transactions under International Financial Reporting


    Standards (IFRS) and Accounting Standards for Private Enterprises (ASPE)
    • Foreign currency translation of foreign operations under IFRS and ASPE
    • Operating segments under IFRS

    Unit 2

    • Diluted earnings per share (EPS) under IFRS


    • Accounting for an investment in an associate under IFRS and ASPE

    Unit 3

    • Business combinations at acquisition under IFRS and ASPE

    Unit 4

    • Business combinations after acquisition under IFRS and ASPE


    • Joint arrangements under IFRS and ASPE

    Unit 5
    • Hedging and hedge accounting under IFRS and ASPE
    • Information technology in accounting, including data organization and
    components, data tagging standards, and systems reliability
    • New and changing technologies in information technology on financial
    reporting

    Unit 6

    • Part III of the CPA Canada Handbook – Accounting, accounting standards for
    not-for-profit organizations (ASNPO)
    • Public sector accounting and public sector financial statements.

    2/3
    CPA Preparatory Courses — Syllabus Advanced Financial Reporting

    Reading List
    The following chapters from the Financial Reporting Volume of the eBook are the
    required readings for the course:

    Unit 1

    • Chapter 63 — Foreign Currency Transactions


    • Chapter 64 — Foreign Currency Translation
    • Chapter 66 — Segment Reporting

    Unit 2

    • Chapter 45 — Diluted Earnings per Share


    • Chapter 55 — Investments in Associates — In-Depth

    Unit 3

    • Chapter 57 — Investments in Subsidiaries — Date of Acquisition

    Unit 4

    • Chapter 58 — Investments in Subsidiaries — After Acquisition


    • Chapter 59 — Joint Arrangements

    Unit 5

    • Chapter 42 — Hedging
    • Chapter 70 — Information Technology in Accounting — In-Depth

    Unit 6

    • Chapter 67 — Accounting for Not-for-Profit Organizations


    • Chapter 68 — Public Sector Accounting

    3/3

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