2014 Fall Professional Development Opportunities
2014 Fall Professional Development Opportunities Dear Participant: Enclosed is a selection of courses being offered by CPA PEI for the upcoming fall/winter period. We hope that you will find a course of interest and relevance that you can take to update your skills and keep up to date on the latest information. These courses are open to members and non-members so feel free to pass the information on to those you feel might be interested. Professional Development Courses – October 2014 to January 2015 you can register for individual courses, or purchase a PASSPORT to allow for cost savings Under the CPE requirements all members must: complete a minimum of 120 hours of CPE over a three-year cycle, including at least 60 hours of verifiable study; complete at least 20 hours of study annually; choose learning opportunities that provide for the development of new or existing competencies that are relevant to the individual member’s overall professional responsibilities and growth. Some examples of verifiable study might include: courses, conferences, seminars and in-house training; formal study, professional re-examination/testing; reading/research leading to presentations, reports and articles or for a specific application in a professional role; formal study and/or self-study leading to an examination or attainment of a designation, diploma or degree; participation on committees or boards that contributes to professional growth; publication of articles, papers or books; relevant teaching and speaking. Examples of unverifiable study include: on-the-job training self-study that does not involve an examination or other objective certification of completion; reading of professional journals or magazines that is not part of research for a specific application in a professional role. If you have any questions or concerns please contact me at (902) 894-4290 or email tobrien@cpapei.ca Tanya O’Brien, CPA, CA REGISTRATION INFORMATION REGISTRATION WAIVERS Members who have qualified for full or partial waiver of their 2014/15 membership fees will be entitled to register for PD COURSES for an administrative fee of $60 (plus HST) (where numbers permit). COURSE CANCELLATIONS No refunds for cancellations will be made after registration deadline for course offering. No substitutions are allowed except as provided with a passport. The CPA PEI office must be advised of the change at least 2 days prior to the course date. CPAPEI reserves the right to cancel courses with insufficient enrolments. If a course is cancelled registrants will be notified by email or fax and a full refund will be made. LUNCH Lunch will be provided with full day courses. COURSE MATERIALS All course material will be distributed at the course site (to the registered participants only), unless otherwise stated in the course description. TIMES Please refer to course description for times. CREDIT HOURS A half day course is 4 credit hours. A full day course is 8 credit hours. PASSPORTS A Passport is available for the PD Courses from October 2014 to January 2015 Individual Passport - $750.00 This will allow for 20 credit hours of courses Firm Passport - $800.00 This will allow for 20 credit hours of courses The passport can be shared between two persons in the same firm CONFIRMATIONS Confirmation of course acceptance will be forwarded to you by fax or email. If you have not heard from the CPA PEI office confirming your participation in a course two days prior to the start date, please contact the office. Please note: Confirmation is provided as a courtesy. It is not an integral part of the registration process. All assessments apply whether or not a registrant receives a confirmation notice. TO REGISTER To register, complete and return the registration form together with a cheque for the course payable to Chartered Professional Accountants of Prince Edward Island (CPAPEI). This should reach the office by close of business November 4th , 2014 (except the Excel Courses which close October 10). ALL REGISTRATIONS MUST BE ACCOMPANIED BY THE REGISTRATION FEE. Chartered Professional Accountants of Prince Edward Island Index of Course Offerings Fall\Winter 2014 PROFESSIONAL DEVELOPMENT COURSES Code Course Title PD1 PD2 PD3 Excel – Best Practices Excel – Based DashBoard Excel – Pivot Tables for Accountants PD4 Accounting, Auditing and Professional Practice Update PD5 Financing Strategies PD6 Catching Up: 5 Years of Income Tax Developments PD7 Controllership: A Partner for Business PD8 Fraud Happens! What to do When You Suspect Fraud PD9 Income Tax Planning Refresher: Corporate PD10 Income Tax Refresher: Personal PD Hours 8 4 4 8 8 8 16 8 16 16 PD11 Income Tax Update 8 PD12 Management Accounting Refresher PD13 PSAB 101 8 PD14 GST/HST Refresher for Professionals PD15 Tax For Controllers 8 PD16 Non-Profit Organizations and Registered Charities: Accounting, Auditing and Tax PD17 Provincial Law PD18 Internal Control – Fact or Fiction? PD19 How to Improve Governance in Not for Profit Entities 8 8 8 4 8 8 Instructor Date Ward Blatch Ward Blatch Ward Blatch 10/16/14 10/17/14 10/17/14 Dominique O’Connell, CPA, CA TBD Ryan Pineau, CPA, CA Matthew Rust, CPA, CA Dennis Carver, CPA, CA Blair Corkum, CPA, CA Blair Corkum, CPA, CA Blair Corkum, CPA CA Jean Kimpton, CPA, FCMA Leigh Ellen Walsh, CPA, CA TBD 01/16/15 Ryan Pineau, CPA, CA Matthew McMillan, CPA, CA 01/09/15 Perlene Morrison Arun Mathur Arun Mathur 11/21/14 12/08/14 12/09/14 TBD 12/03/14 11/25/14 & 11/26/14 11/20/14 12/16/14 & 12/17/14 01/13/15 & 01/14/15 11/19/14 TBD 12/16/14 Spring 2015 01/21/15 Note: Courses taken in January 2015 can be used toward either 2014 PD verification or 2015 PD Verification (your choice). Chartered Professional Accountants of P.E.I. 2014/15 Professional Development Courses Registration Form Registration Deadline: Tuesday November 4th, 2014 Name___________________________________Employer_____________________________________ E-mail___________________________________Tel:____________________Fax:_ ______________ Payment Type: Professional Development Courses - Passport (Individual) $750.00 - allows 20 hours of PD Courses Professional Development Courses - Passport (Firm) $800.00 - allows 20 hours of PD Courses between members Professional Development Courses – 1/2 day course $250.00 Professional Development courses - full day course $375.00; two-day course $700.00 Member with Waiver - $60.00 per course Purchase a Passport (if Firm Passport please indicate 2nd name on form) $____________PD Name of Course 1._______________________________________________ $_____________ 2._______________________________________________ $_____________ 3._______________________________________________ $_____________ 4._______________________________________________ $_____________ 5._______________________________________________ $_____________ 6._______________________________________________ $_____________ 7._______________________________________________ $_____________ Subtotal for Courses HST Registration No. 127 431 500 $_____________ (14%) Total $_____________ $_____________ Email form to: info@cpapei.ca Mail form and registration fees to: Chartered Professional Accountants of P.E.I PO Box 301, Charlottetown, PE C1A 7K7 Fax: 902-894-4791 Excel Best Practices As spreadsheets continue to evolve, so too must your practices for creating, editing, and auditing them. In this program, you will gain an in-depth understanding of the best ways to work with Excel. The topics covered in this seminar include best practices associated with Excel spreadsheets in each of the following areas: creating and editing Excel workbooks, securing Excel workbooks, collaborating with others in Excel, and reporting on data contained in Excel. Today’s best practices for Excel differ significantly from those used in the past and you will learn the best ways to work with Excel spreadsheets in this “must see CPE” program. Course materials include relevant examples to enhance your learning experience. Participate in this program to help ensure that you utilize Excel to its fullest potential. This course covers features found in Excel versions 2007 and higher. Learning Objectives List and describe critical spreadsheet design fundamentals Identify techniques used to minimize data input errors Discuss the advantages of using Excel’s Table feature as a foundational component of spreadsheets Describe and implement three different techniques for consolidating data Utilize various Excel features such as Go To Special to solve specific spreadsheet issues List and describe four techniques for sharing an Excel workbook and collaborating with others Identify and describe various techniques for auditing and error-checking Excel workbooks, including Trace Precedents, Trace Dependents, and Formula Auditing Discuss the advantages of working with Defined Names in Excel List and describe six techniques for securing Excel data Designed For: Excel users who want to learn best practices for working with spreadsheets Who should attend: Users of Excel 2007 , Excel 2010 or Excel 2013 Note: This course will be taught in Excel 2013. Reference will be made to the differences between Excel 2013 and Excel 2010 and 2007. Seminar leader: Ward Blatch Course Date: October 16, 2014 Course Time: 9:00 a.m. to 4:00 p.m. PD Credit Hours: 8 Hours Course Fee: $375.00 OR Passport Course Location: Charlottetown Hotel Excel-Based Dashboards Getting Better Information, Now! Dashboard reporting is rapidly becoming the norm for organizations seeking to improve financial and operational reporting processes. Dashboards allow recipients easy access to mission-critical data, usually in an on-demand environment, thereby allowing users to get the information they need when they need it. With greatly enhanced charting and graphing capabilities, along with the ability to handle much larger volumes of data, Excel is an ideal tool for creating high-impact dashboards in businesses of all sizes. In this course, learn how to build Excel-based dashboards that extract information from your accounting application along with other databases and to present this data as actionable information in a dashboard setting. Key topics covered in this course include extracting and summarizing data stored in various databases; charting and graphing data, including specialized charts and graphs such as tachometer gauges and thermometer charts; identifying and highlighting trends in data; distributing dashboard reports throughout the organization. Don’t miss this chance to learn how to create and implement Excel-based dashboard reports as a means of improving the financial and operational reporting processes in your organization. “One of the best classes I’ve taken. Very practical skills that I can use for my job.” B.C. Learning Objectives Identify building blocks of Excel-based Dashboards such as Open Database Connectivity, Conditional Formatting, Tables, Defined Names and Dynamic Defined Names, Form Controls, and Excel’s RANK function and describe how to use each of these in an Excel-based Dashboard environment Describe the processes for creating, formatting, and manipulating charts in Excel, including Charts based on Tables, Charts with Dynamic Text Boxes, Charts with Conditional Formatting, Interactive Charts, Sparklines, and Drill Down Charts Define the relevance of PivotTables and PivotCharts in an Excel-based Dashboard environment and describe how to create PivotTables and PivotCharts based on Tables as well as Dynamic Defined Names; additionally, describe how to use specific PivotTable and PivotChart functionality such as Sorting and Filtering, Slicers, Field Settings, Calculated Fields, and Calculated Items in an Excel-based Dashboard environment Describe how to assemble an Excel-based Dashboard using the components learned in this course Designed for: Accountants who want to learn how to use Excel to create dashboards Who should attend: Users of Excel 2007, 2010 and 2013. Seminar leader: Ward Blatch Course Date: October 17, 2014 Course Time: 9:00 a.m. to 12:00 noon PD Credit Hours: 4 Hours Course Fee: $250.00 OR Passport Course Location: Charlottetown Hotel Excel PivotTables for Accountants PivotTables are the most powerful feature of Excel, yet few accountants use them in their day-to-day activities. For some, PivotTables are too intimidating; for others, PivotTables are a foreign concept. With a little information, guidance, and demonstration from the instructor, you will be ready to use PivotTables to accomplish data analysis and reporting. This seminar begins with basic PivotTables and progresses throughout the day to advanced PivotTable topics. Specific topics covered in this session include how to build basic PivotTables, grouping and ungrouping data, creating calculated items and fields, and drilling down to underlying details. You will also learn how to build PivotTables consolidated from multiple data ranges and PivotTables dynamically linked to external databases and financial accounting systems in this seminar. Additionally, you will learn how to take advantage of advanced features available in PivotTables, including Slicers and PowerPivot. Course participants have access to all sample data files used in this course. Learning Objectives Identify and define the six main elements of a PivotTable report and describe how they are used when creating basic PivotTables; describe How to Group and Ungroup Data in PivotTables, How to Use Field Settings to Alter the Data Displayed, How to Sort and Filter Data in a PivotTable, and How to Update the PivotTable for Changes in the Underlying Data Describe how to import PivotTable data from an accounting system and prepare the data to be used in the PivotTable; additionally, describe how to use Tables and Named Dynamic Ranges as sources for PivotTables Define Consolidation PivotTables, describe how to construct Consolidation PivotTables, and identify the advantages of using Consolidation PivotTables in lieu of other consolidation techniques Describe how to make calculations in PivotTables using techniques such as Calculated Items, Field Settings, Calculated Fields, Modifying Show Data As options, and New Percentage Options in Excel 2010 Describe how to create PivotTables in enterprise-class organizations using PowerPivot and Slicers Explain how to analyze data in PivotTables using tools and techniques such as Sorting, Filtering, Extracting Data with GETPIVOTDATA, and working with PivotCharts Describe how to apply specific PivotTable techniques to solve problems in areas of PivotTable Formatting, Reporting Report Filters as Separate Reports, Removing Ghost Items, Grouping Data into Fiscal Quarters and Fiscal Years, and Keeping PivotTable Row Order Intact Designed for: Accountants and other professionals who want to use the power of Excel PivotTables to analyze and summarize data Who should attend: Experienced Excel users who use PivotTables currently or want to learn how to use PivotTables. Users of Excel 2007, 2010 and 2013. Seminar leader: Ward Blatch Course Date: October 17, 2014 Course Time: 1:00 a.m. to 4:00 PD Credit Hours: 4 Hours Course Fee: $250.00 OR Passport Course Location: Charlottetown Hotel Accounting, Auditing & Professional Practice Update This course is designed to review recent revisions to the CPA Canada Handbook, specifically Accounting - Part II (ASPE), Part III (Accounting Standards for Not-for-Profits), and Assurance, as well as other sources. It also includes an outline of the changes in IFRSs, as these revisions often precede similar revisions to ASPE and form one source of additional guidance in the application of ASPE. This course is designed as an update, yet it provides specific examples of the implementation of the new recommendations and practice guidance on other matters that are current and relevant to the participants. Who Will Benefit: This course provides an overview of the current developments in accounting and assurance standards. It is best suited to professional accountants who practice public accounting, serving small and medium-sized businesses. Learning Outcomes: At the end of the course participants will be: Aware of recent CPA Canada pronouncements and guidance in accounting and assurance Able to identify the potential impact on clients and their practice of the recent CPA Canada pronouncements and guidance Able to apply recent CPA Canada pronouncements in some situations Topics Include: Introduction and overview of new standards Review of all changes to CPA Canada Handbook – Accounting and Assurance Review of matters discussed by the Private Enterprise Advisory Committee Illustration of problem areas in the application of ASPE and Accounting Standards for Not-for-Profit Organizations, based on practice inspection and other sources Other practice matters including a review of practice inspection findings Exposure drafts and other projects in process for accounting and assurance, including an update on the status of the projects on review engagements and compilation engagements Seminar leader: Dominique O’Connell, CPA, CA Course Date: January 16, 2015 Course Time: 9:00 a.m. to 4:00 PD Credit Hours: 8 Hours Course Fee: $375.00 OR Passport Course Location: Charlottetown Hotel Financing Strategies Objective The objective of this seminar is to provide an in-depth review of the various forms of financing to fund capital projects, acquisitions or to restructure an existing capital structure. It will review the various forms of financing including operating lines, term debt, subordinated debt, and private and public equity. The seminar will dive into the practical details of what capital providers are seeking, issues that arise, and how companies should prepare themselves to execute a financing transaction. It will also provide current status of the capital market conditions as it relates to the various forms of financing, as well as benchmarks and rules of thumb regarding realistic financing parameters. Who Should Attend: The goal of the seminar is to provide controllers, chief financial officers, chief executive officers and other financial executives with tools required to provide strong input or take the lead in undertaking a financing transaction within their own enterprises. Benefits of Attending: Through real-life examples, identifying common pitfalls, highlighting key elements and case studies, the seminar will put financial executives in a better position to seek and negotiate with capital providers. Content: • overview of financing strategy and capital markets • current state of the capital markets • basic capital structure elements • operating lines and term debt • mezzanine and subordinated debt • private equity • public equity and convertible debentures • understanding cost of capital • cost of capital and investment decisions • financing process and negotiating strategies Prerequisite: None Seminar leader: TBD Course Date: TBD Course Time: 9:00 a.m. to 4:00 PD Credit Hours: 8 Hours Course Fee: $375.00 OR Passport Course Location: Charlottetown Hotel Catching Up: 5 Years of Income Tax Developments Objective: Income tax changes and evolves over time. “Keeping up” is necessarily a continuous process. Unfortunately, many people don’t have the time or resources and consequently fall behind. They wonder how they can “catch up” on a few recent years of changes at one time. This seminar will provide an opportunity for those who haven’t regularly taken tax update seminars to get “caught-up” on notable federal income tax developments and find out what they may have missed. Who Should Attend: Anyone, whether in public practice, industry, or the public sector, who feels that they have not paid enough attention to recent income tax developments. Benefits of Attending: This seminar will allow you to “catch up” without having to take many tax seminars. It provides an opportunity to learn about the more significant federal income tax developments that have occurred during the past five years. Participants will have a better understanding of recent tax developments and be able to identify areas for which they may want to study further. Content: • the calculation of income • the deductibility of expenses • capital cost allowance • taxation of capital gains • retirement saving • income splitting • deductions and tax credits • rules that defer, deem, trigger, prevent or reduce • income tax rates • income tax administration • various other developments Coverage will also answer questions such as: How has the income tax scene changed? What changes are coming? What new tax pitfalls/strategies have arisen? Where are the new opportunities? What long-time tax strategies have been eliminated or have become more/less beneficial? What other changes need to be considered to facilitate efficient and effective income tax compliance, planning and administration? Prerequisite: None Seminar leader: Ryan Pineau, CPA, CA Course Date: December 3, 2014 Course Time: 9:00 a.m. to 4:00 p.m. PD Credit Hours: 8 Hours Course Fee: $375.00 OR Passport Course Location: Charlottetown Hotel Controllership: A ‘Partner’ for Business Two-Day Today's Controller must be a dynamic professional, with comprehensive business knowledge and exceptional leadership, management and interpersonal skills that complement proven financial skills. A Controller must possess these leadership skills to successfully balance diverse organizational objectives with their financial responsibilities to add full value to their organization. As the economic environment continues to fluctuate through impacts of world events, a Controller must be adaptable to meet the business challenges and complexities facing their organizations. This seminar provides an overall understanding of the skills and tools necessary to effectively fulfill the Controller's varied business responsibilities. Participants will learn how to add value in their organizations and will have opportunities to practically apply what they learn through interaction and knowledge exchange with their peers. Although an overview of the financial aspects of the role will be discussed, more emphasis will be placed on the ‘value-added’ role of the Controller. Seminar Outline: Essential skills and responsibilities of an effective controller Development and management of strategy & strategic planning Financial & risk management IT management Effective people management Effective crisis management and prevention How a controller can progress from a finance professional to a business leader How a controller can have more impact on their organization which leads to a higher level of personal and organizational success How to add more value and thus be accepted as a trusted business partner for the organization How higher level strategic thinking contributes to the future success of an organization Who Will Benefit Finance professionals working towards a controller position, who are new to the position of controller, or longtime controllers looking for new tools/ideas on leadership. Notes This seminar will focus on the leadership aspects of the Controller’s role and thus, day-to-day operational activities will not be covered in any depth. Seminar leader: Matthew Rust, CPA, CA Course Date: November 25, 2014 and November 26, 2014 Course Time: 9:00 a.m. to 4:00 p.m. PD Credit Hours: 16 Hours Course Fee: $700.00 OR Passport Course Location: Charlottetown Hotel Fraud Happens! What to Do When You Suspect Fraud You don’t encounter fraud every day. This course, taught by an experienced fraud investigator, provides you with the basic skills you need to react to allegations of fraud in an efficient and effective way. Who Will Benefit: Members in industry or public practice who wish to better understand the fraud investigation process, recovery techniques, and how to manage an internal fraud investigation while avoiding common pitfalls. Learning Outcomes: You won’t be a fully-trained fraud investigator at the end of the day, but you will know enough to avoid panic and calmly work through the situation. The course provides a framework in which to manage the investigation of fraud allegations, including the use of investigative tools, sources of recovery, and related aspects (such as dealing with the media and the police). Topics Include: Introduction to fraud – An overview of fraud (definition/extent/ fraud triangles); the tools organizations use to address fraud (fraud policy, code of conduct, etc.); an overview of recent Fraud Surveys, preparing an organization to address fraud allegations; and common perils and pitfalls. The course also briefly addresses CPA Canada standards for IFA engagements Real life fraud cases – A review of recent frauds, including how the perpetrator benefited from the fraud, how they were caught, and what they did. The focus is on smaller or medium-sized frauds and organizations Fraud indicators – An overview of the indicators of fraud, tied to the fraud cases presented in the previous section Planning an investigation – Initial investigative steps in planning an investigation. (Case Study – part 1) Investigative research – An overview of publicly available information and how that information can be obtained, as well as internal sources of information Computerized information – An overview of preserving, analyzing and presenting electronic evidence (Case Study – part 2) Legal tools and remedies – An introduction to basic legal tools used by fraud investigators and counsel (such as Mareva Injunctions and Anton Piller Orders) and when they are appropriate Developing the investigative plan – Apply the above information to the case study (Case Study – part 3) Debriefing the “Actual” Case – Review what actually happened in resolving the fraud allegations Instructor/participant experience – Discussion of the instructor’s unique experience, as well as a chance for participants to present situations they have encountered Seminar leader: Dennis Carver, CPA, CA Course Date: November 20, 2014 Course Time: 9:00 a.m. to 4:00 p.m. PD Credit Hours: 8 Hours Course Fee: $375.00 OR Passport Course Location: Charlottetown Hotel Income Tax Planning Refresher: Corporate (formerly Income Tax Refresher: Corporate) Two-Day This refresher seminar is designed for those who desire to update their knowledge in the various taxes and tax planning for the corporate taxpayer. At the end of the two days participants should have a good understanding of the taxes that impact corporations. Seminar Outline: Organization of the Tax Act as it relates to corporations Determination of residency Review of various income items and deductions not commonly seen Calculation of corporate taxes Common definitions under the Income Tax Act that impact a corporate taxpayer including: Related parties, affiliated parties, and associated corporations Various sources of income including: Active business income, investment income, specified investment business and personal service businesses. Commonly used corporate reorganization provisions: The use of the Section 85 rollover, section 86 capital reorganization, Section 87 amalgamation, and Section 88 wind-up Section 84.1 and section 55(2) anti-avoidance provisions Corporate attribution Loss utilization Owner manager remuneration planning Estate planning Issues for buy-sell agreements and purchase and sale of business Acquisition of control Debt forgiveness Who Will Benefit: Those involved in corporate tax matters that desire to expand or refresh their knowledge of corporate tax. Seminar leader: Blair Corkum, CPA, CA Course Date: December 16, 2014 and December 17, 2014 Course Time: 9:00 a.m. to 4:00 p.m. PD Credit Hours: 16 Hours Course Fee: $700.00 OR Passport Course Location: Charlottetown Hotel Income Tax Planning Refresher: Personal Two-Day This refresher seminar is ideal for those participants who desire to renew their knowledge in personal tax, trusts and partnerships. At the end of the two days participants should have a good understanding of the taxes and some planning opportunities relating to individuals, partnerships and trusts. Seminar Outline: How to research a tax issue Determination of residency Liability for taxes in Canada Administrative issues Employment income Benefits and related deductions Calculations of the various sources of investment income Taxation of capital gains Capital losses and the impact of the stop loss rules Allowable business investment losses Attributions rules Registered retirement pension plans RRSP’s Individual pension plans Deferred plans such as TFSA, RESP and RDSP Rental and farm income Treatment of shareholder loans Various deductions from net income such as the capital gains exemption Calculation of taxes payable, including discussions on tax credits Taxation of partnerships Death of a taxpayer Taxation of family trusts Who Will Benefit: Those involved in personal tax matters who wish to expand or refresh their knowledge in the area of personal tax. Seminar leader: Blair Corkum, CPA, CA Course Date: January 13, 2015 and January 14, 2015 Course Time: 9:00 a.m. to 4:00 p.m. PD Credit Hours: 16 Hours Course Fee: $700.00 OR Passport Course Location: Charlottetown Hotel Income Tax Update This course provides a detailed summary of tax law changes in the past year. It examines current changes and relevant issues in taxation that affect individuals and most businesses in the private sector. Learn how the current levels of personal and corporate tax rates affect and possibly change accepted tax planning techniques. A review of the current integration of personal and corporate tax rates is provided. The proposals from the Federal Budget, as well as other sources of information from the Department of Finance and the CRA, including news releases, draft legislation, CRA technical interpretations and tax cases, are discussed together with other particular subjects of current relevance and interest. Who Will Benefit: Professional accountants who need current information to advise clients, deal with the CRA, and expand their knowledge on timely taxation issues. Learning Outcomes: You learn to deal with the day-to-day issues and to identify areas that may require further investigation. After completing this course, you are able to provide current tax advice and prepare federal personal and corporate income tax returns with knowledge of recent developments Topics Include: Tax rate changes/integration Federal Budget Information from CRA and Dept. of Finance Tax cases CRA technical interpretations Provincial/Territorial Update Seminar leader: Blair Corkum, CPA, CA Course Date: November 19, 2014 Course Time: 9:00 a.m. to 4:00 p.m. PD Credit Hours: 8 Hours Course Fee: $375.00 OR Passport Course Location: Charlottetown Hotel Management Accounting Refresher The objective of this course is to provide participants with an overview of key concepts and decisions in management accounting. Who Will Benefit: This course will benefit individuals interested in a refresher of key concepts and decisions using management accounting information. Learning Outcomes: Understanding the variety of management accounting information available within an organization Understanding the decisions that are impacted by management accounting information An improved ability to understand issues and communicate with others regarding management accounting concepts Topics Include: Different types of costs and cost behavior Job order and activity based costing Cost volume profit (CVP) analysis Budgeting Decision making using management accounting information (e.g. make or buy, add or drop, scare resource allocation) Transfer pricing Performance management (e.g. the Balanced Scorecard) Note: Please bring a calculator to the course to ease ability to participate in course activities. Seminar leader: Jean Kimpton, CPA, FCMA Course Date: TBD Course Time: 9:00 a.m. to 4:00 p.m. PD Credit Hours: 8 Hours Course Fee: $375.00 OR Passport Course Location: Charlottetown Hotel PSAB – 101 This course is developed for finance professionals who prepare, audit or need to understand the Public Sector Accounting Board (PSAB) accounting recommendations as they apply to financial reporting by entities in the government sector. Key recommendations of the PSAB Handbook and their application are reviewed, and a variety of examples are used to assist in understanding the application of the recommendations. Who Will Benefit: This course is particularly valuable to those who have a familiarity with the PSAB Handbook and prepare, audit, use or provide advice on public sector financial reports and would like to develop a stronger understanding of the PSAB Handbook. Learning Outcomes: At the end of this course, participants should be able to: Understand PSAB accounting recommendations Apply PSAB recommendations in the preparation of government financial statements Develop financial reporting in accordance with PSAB Topics Include: Financial statement concepts and objectives; Reporting entities; Financial reporting Investments Government partnerships Investments in government business enterprises Restricted assets and revenue Tangible capital assets Liabilities, contingent liabilities and contractual obligations Long-term debt and leased tangible capital assets Changes in PSAB – exposure drafts, discussion papers, transitional provisions Overview of GNFPO PSAB and ACSB invitation to comment Emphasis placed on: Defining the Government Reporting Entity Employment benefits Government transfers Leased tangible capital assets Solid waste landfill closure and post-closure liability Tax revenue Seminar leader: Leigh Ellen Walsh, CPA, CA Course Date: December 16, 2014 Course Time: 9:00 a.m. to 4:00 p.m. PD Credit Hours: 8 Hours Course Fee: $375.00 OR Passport Course Location: Charlottetown Hotel GST/HST Refresher for Professionals Objective: The application of GST/HST is often far more complex than practitioners or businesses appreciate; the principles involved are often quite different than those applied to income tax. Failure to be aware of these complexities can result in lost opportunities, or worse, large tax assessments. This course will review important concepts including HST place of supply rules (which often impact suppliers located in non-HST provinces), registration & collection requirements, taxable supplies and deemed supplies, input tax credit entitlements and some of the more common and important exemptions and zero-rating provisions. Who Should Attend: General practitioners, company accountants and other advisors who provide advice on, or participate in, a range of business transactions. This seminar will provide an overview on a selection of important GST/HST issues a practitioner may encounter when working with clients in various industries and identify some important areas which are frequently sources of errors/assessments. Benefits of Attending: At the end of this seminar, attendees will have a greater awareness of when a transaction is subject to GST/HST and at what rate, and an improved understanding of input tax credit entitlements and restrictions. Content: • fundamental concepts – including ‘commercial activity’ • registration, collection and reporting rules – including HST place of supply rules • review of input tax credit entitlement rules and other rebates • brief review of important zero-rating provisions and exemptions including, exports, transactions with nonresidents, health care providers, and others. Common real property exemptions will be briefly reviewed, but not to the extent covered in the GST/HST & Real Property course. Individuals seeking in-depth coverage of real estate or non-profit sector topics should consider the GST/HST and Real Property and GST/HST Issues for the Non-Profit Sector courses. Prerequisite: No specific prerequisite although it does require a good understanding of the basics of the GST/HST system. Seminar leader: TBD Course Date: Spring 2015 Course Time: 9:00 a.m. to 4:00 p.m. PD Credit Hours: 8Hours Course Fee: $375.00 OR Passport Course Location: Charlottetown Hotel Tax for Controllers Objective: This course will help controllers of private companies stay current on a broad array of tax and related compliance issues. Items will be covered at a general level with specific examples, cases and practical problems. References to more detailed sources are provided. Who Should Attend: Anyone whose responsibilities include tax and related compliance issues, retaining tax professionals, and managing the business tax strategies for privately owned businesses. The seminar will benefit controllers who are new to the position and experienced controllers and financial managers who would like a refresher on key compliance items. Although the focus of the course is privately held companies, many of the topics covered could also be applicable to public companies. Less than half of the material would be applicable for not-forprofit enterprises. This seminar could also benefit practitioners who provide advice in these areas. Benefits of Attending: Small, growing, and mid-sized companies face a broad array of tax and related compliance issues. The penalties or tax costs of failing to meet these compliance requirements can be severe. Without an in-house tax department, the responsibility for these areas falls on the controllers. This seminar provides a comprehensive review with examples to common problem areas. This seminar will help controllers stay current on a broad range of tax and related compliance issues. Content: • human resources - payroll and withholdings, employee benefits, non-taxable benefits, casual employees • automobiles • sales issue - GST/HST, export issues, revenue recognition • purchasing issues - GST/HST, purchases from non-residents, deductibility • capital assets - GST/HST, capitalization vs. expense, CCA, change of use • financing issues - lease vs. buy, interest deductibility, related expenses • structural issues - alternative structures, related corporate group issues, small business deduction, taxable capital • other compliance issues - filing requirements; interest and penalties; director’s liability, dealing with non-residents; contractor reporting • audits and appeals Seminar leader: Ryan Pineau Course Date: January 9, 2015 Course Time: 9:00 a.m. to 4:00 p.m. PD Credit Hours: 8 Hours Course Fee: $375.00 OR Passport Course Location: Charlottetown Hotel Non-Profit Organizations and Registered Charities: Accounting, Auditing, and Taxation Issues Objective: This seminar will address accounting, auditing and income tax issues specific to organizations carried on for notfor-profit purposes. Not-for-profit accounting, tax and reporting rules are substantially different from those applicable to private sector organizations. Without a solid understanding of these rules, individuals in financial reporting positions with these organizations may encounter difficulties meeting their reporting requirements. Who Should Attend: Members in the NPO sector and practitioners who audit or provide advice to registered charities or NPO entities. It is not appropriate for those specifically involved with government not-for-profits adopting standards prescribed by the Public Sector Accounting Board without the PS4200 series. Those who are responsible for preparing, analyzing, or auditing financial statements from smaller NPOs, and/or those interested in a review of current standards under Part V of the CICA Handbook, may prefer to attend NFPO – A Survey of the Standards under Part III of the Handbook. Benefits of Attending: The seminar will provide those involved in charities and NPOs an introductory understanding of the accounting and tax issues facing these organizations. Participants in public practice will gain an understanding of the accounting and tax issues specific to non-profit entities to provide valuable services to their not-for-profit clients. Content: • Canadian GAAP for charities and not-for-profit financial statements • differences between Part III and PSAB 4200 series • typical audit issues faced by auditors of these entities • tax compliance requirements for charities and not-for-profits • Canadian tax rules with respect to loss of tax exempt status and planning techniques to minimize this risk • latest proposed and enacted tax legislation affecting these entities Seminar leader: Matthew McMillan, CPA, CA Course Date: January 21, 2015 Course Time: 9:00 a.m. to 4:00 p.m. PD Credit Hours: 8 Hours Course Fee: $375.00 OR Passport Course Location: Charlottetown Hotel Provincial Law Objective: This course is designed to provide information about selected P.E.I. legislation, which is of relevance to members in carrying out their professional responsibilities. This course is mandatory for all CA students seeking admission to the P.E.I. Institute. Seminar leader: Perlene Morrison Course Date: November 21, 2014 Course Time: 9:00 a.m. to 12:00 noon PD Credit Hours: 4 Hours Course Fee: $250.00 Course Location: Charlottetown Hotel Internal Control Workshop This one day workshop provides professional accountants a refresher on Internal Control. Participants will have an opportunity to review their Internal Control knowledge and consider practical ideas to identify weaknesses and improve the internal control environment in their organizations. The workshop looks at the evolution of internal control, Fraud and Risk Management including examining the 2014 report by the Association of Certified Fraud Examiners, the COSO framework for internal control, enterprise risk management and fraud deterrence, the objectives and requirements of the USA Sarbanes Oxley legislation and whether it was effective in reducing fraud. Learn what happens when internal control systems fail and how to identify weaknesses and red flags. Develop a better understanding of Internal Control principles, techniques and limitations. We consider audit assertions and the auditor’s internal control responsibilities for compliance with Canadian Generally Accepted Auditing Standard. The US Public Company Accounting Oversight board finds significant deficiencies and concerns and reports this is one of the toughest areas for audit firms. You will consider what you can do, as a professional accountant, to ensure internal control systems are effective in your organization, whether you are on the board, management team, auditor or other stakeholder. Seminar leader: Arun Mathur Course Date: December 8, 2014 Course Time: 9:00 a.m. to 4:00 p.m. PD Credit Hours: 8 Hours Course Fee: $375.00 or passport Course Location: Charlottetown Hotel How to Improve Governance in Not for Profit Entities This one day course provides board members, management and auditors of Not for Profit entities such as charities, government funded agencies, professional and trade associations, chambers of commerce and others the tools to become the “go to” person on improving governance. It examines significant aspects of governance including the impact of leadership and culture on an organization’s governance. It deals with the tough issues that organizations must face to be effective in their Governance responsibilities. It will provide you with practical approaches, ideas and guidance to bring about highly functioning boards and management teams that fulfill their responsibilities effectively. Learn how to take charge on Governance in your organization and make it more effective. Overview of your governance responsibilities as Board Members and Management. Governance concepts. What can you do to make Audit Committees more effective, how to measure performance in terms of service and value for money, how are other countries dealing with performance measurement in NFP sector. Governance models – board and management responsibilities. Impact of Leadership and Culture. What can happen when boards fail on Governance – Canadian case studies. What have award winners done to improve Governance – Canadian case studies. What are governance best practices? What methods and techniques did award winners implement in their organizations? How to evaluate governance in your organization. What should you do if o governance practices are short of ideal. How to implement best practices to improve governance in your organization. Seminar leader: Arun Mathur Course Date: December 9, 2014 Course Time: 9:00 a.m. to 4:00 p.m. PD Credit Hours: 8 Hours Course Fee: $375.00 or passport Course Location: Charlottetown Hotel
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