Applying HB 3400 Revenue Recognition Amendments.
Explore the essential elements of "ASPE Revenue Recognition" in this comprehensive course, focusing on the detailed guidance and practical application of Section 3400. This course is crucial for accountants and financial professionals navigating the complexities of revenue recognition under ASPE, especially given recent updates and their impact on year-end financial reporting.
You will gain a thorough understanding of newly expanded guidance, moving beyond the brief concepts of the past to detailed applications. The course addresses significant challenges and provides clear methodologies for compliance and accurate financial statement preparation.
Key learning outcomes include:
By the end of this course, you will be equipped to confidently apply the updated ASPE Section 3400, ensuring compliance, reducing audit risk, and making informed financial judgments in various industry-specific scenarios.
Clearline Consulting provides practitioners and their staff with the tools, training and advice they need to succeed and build thriving accounting firms. From tax compliance to estate planning, file monitoring to assisting with practice review, staff training to customized consulting solutions, our team exists to serve the needs of small to mid-sized public practice firms across Canada. Our collaborative, integrated approach means your firm has access to and support from knowledgeable practitioners who are in front of the ever-changing standards environment. Our core services include supporting firms with the implementation of the quality management standards, external file monitoring, services for accounting, assurance and taxation maters, provisions of templates and resources, practice management and risk mitigation consultations.
Assurance Partner at Clearline Consulting CPA
Tom is a Partner at Clearline Consulting and Clearline CPA, with a distinguished background in audit, assurance, and professional standards. Before establishing Clearline Consulting, he was the Associate Director of Practice Review/Licensing at the Chartered Professional Accountants of British Columbia (CPABC), overseeing the practice review and licensing programs and serving as a Practice Review Officer. His role extended to offering technical advice as a Professional Standards Advisor and contributing to CPABC’s publications. Tom continues to engage in professional development and consultancy services with the provisional CPA bodies, CPA Canada and CPA firms across Canada. With over 20+ years in audit and assurance, his career began in Ontario, gaining his accounting designation while working as an external auditor in Ottawa. His experience spans a variety of industries, including not-for-profits, and international exposure in Bermuda auditing investment funds and banking organizations. At Clearline Consulting, Tom leverages his extensive experience to offer file monitoring, professional development, training, and consulting services. His work is pivotal in aiding CPA firms and practitioners to excel and cultivate prosperous practices.
