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Find out about Level II of the Public Sector Certificate Program, with in-depth training for today’s public sector financial professional.
Keep your career in government moving forward by completing the second of two levels in the Public Sector Certificate Program. Level II is delivered in an interactive format featuring:
See the agenda for further information.
Register now for the Capstone session.
Additional options and pricing may be available. See pricing and registration for more details.
• provide an overview of the CPA Canada Public Sector Accounting (PSA) Handbook standards• describe PSA concepts and principles and summarize the application of PSA standards• define the components of a financial statement in accordance with PSA standards
Financial statement presentation
• understand the requirements for financial statement presentation under the PSA Handbook• explain the differences in financial statement presentation under the CPA Canada Handbook – Accounting
• assess PSA Handbook guidance on Revenue and be able to apply principles outside of GAAP to transactions (such as PS 1000 – Financial Statement Concepts, PS 1201 – Financial Statement Presentation)• understand basic revenue recognition criteria• describe PS 3100 – Restricted Assets and Revenues• understand case studies on revenue versus cost recovery and revenue recognition
Capital assets and related topics
• explain measurement issues related to tangible capital assets in accordance with PS 3150 – Tangible Capital Assets and PSG 2 – Leased Tangible Capital Assets• describe why and how tangible capital assets are recorded, including what disclosures are important• complete case studies focusing on how to identify eligibility for capitalization, amortization application, the treatment of subsequent valuations, impairment and disposals
• assess the revised version of PS 3410 – Government Transfers and be able to determine when to recognize a transfer, how to distinguish the main types of transfers and how to account for them• consider the perspective of both the transferring government and the recipient for capital contributions• complete case studies that focus on identification of transfer type; recognition; accounting versus appropriation, transfer to industry, and conditional and unconditional repayments
Liability for contaminated sites
• identify the new standard on Liability for Contaminated Sites (PS 3260) and scope considerations• describe recognition, measurement and disclosure requirements under PS 3260• complete case study on recognition and measurement of liability for contaminated sites
• assess new or revised standards such as PS 2601 –Foreign Currency Translation• recognize projects in progress with the Public Sector Accounting Board
• identify when to consolidate under the PSA Handbook using the indicators of control• understand why the definitions of “control” are similar in the PSA Handbook and the CPA Canada Handbook – Accounting• identify why differences can occur when applying control standards
• assess the categories, the measurement and presentation requirements for financial instruments under the PSA Handbook• identify the significant differences between public sector requirements and the reporting of financial instruments under the CPA Canada Handbook – Accounting
Employee future benefits
• describe retirement benefit plans and their measurement and recognition under PSA standards• understand the differences between PSA standards and CPA Canada Handbook – Accounting requirements for retirement benefit plans• assess key aspects of post-employment benefits and compensated absences, along with additional liabilities recognized under the PSA Handbook
The public sector context
• understand the scope of government size, extent and impact• identify public sector values and ethics• describe stakeholders and their interest in financial information• assess how public policy is made and works in practice, from research and development to implementation and evaluation• understand leadership in government
Planning, budgeting and delivering
• describe the role of financial information and financial reports for planning and monitoring program delivery• assess the public processes required to develop program and budget plans, i.e. the role of stakeholders• understand costing programs and monitoring costs• explain public dimensions and political elements of the planning and budgeting cycle• how to ensure the sustainability of programming through the budget process
Delivering public services and goods
• assess risk and practice risk management in budget delivery• identify control through financial and non-financial information• apply performance measurement and reporting• understand program reviews and evaluation
• how to organize and communicate useful financial information• describe the financial advisor as a key player• assess values and practice in accountability and transparency• identify links between program inputs, outputs and outcomes• apply values of efficiency and effectiveness
Effective resource management
• understand the value of effective resource management• account for political oversight, audit and evaluation in resource management• describe the role of external monitoring groups, think tanks and their use of financial reporting• explain the quality and accessibility of regular financial performance information – how good, for whom and when is enough?• know the role of program reviews, strategic reviews and reallocation exercise in resource management
CPA Canada Professional Learning and Development Customer Service
July 17, 2017
As Canada celebrates its 150th anniversary, we take a look back at 10 accountants who changed the face of our profession.
Join our financial literacy volunteer program for CPA members.
September 18, 2017
Jointly presented by CPA Canada and CPA Ontario, The ONE is the must-attend, multi-track event of the year, designed for all CPAs who want to be at the top of their game.