Public sector certificate program level II

Find out about Level II of the Public Sector Certificate Program, with in-depth training for today’s public sector financial professional.

Event Details

Location and date:
Online On-Demand Event

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:

  • 30 hours of online learning
  • a mandatory two-day capstone session (in-person and virtual options available)
  • access to Public Sector Connect – the exclusive discussion forum for Public Sector Certificate participants and facilitators
  • assessment after each online module and comprehensive case study, and upon completion of the capstone session

Part I: Financial Reporting is available now and Part II: Financial Management will be available in spring 2017. See the agenda for further information.

Register now for the Capstone session.

View the agenda

Additional options and pricing may be available. See pricing and registration for more details.



$2,395.00

30 CPD hour(s)
Pricing & registration

You will learn about:

  • applied financial reporting
  • financial management
  • leadership development
  • professional ethics
  • accountability and transparency
  • risk management
  • strategic planning and sustainability
  • other emerging issues

Who should attend?

  • financial professionals in the public sector
  • CPAs who work with public sector bodies
  • financial executives with positions in government
  • professionals who work for organizations that follow public sector accounting board (PSAB) standards

More Details:

Session Descriptions

Introduction
• 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

Revenues
• 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


Government transfers
• 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


Emerging issues
• assess new or revised standards such as PS 2601 –Foreign Currency Translation
• recognize projects in progress with the Public Sector Accounting Board


Consolidations
• 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


Financial instruments
• 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

Decision support
• 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

Contacts

Please contact:

CPA Canada Professional Learning and Development Customer Service
Tel: 1-888-337-3242
Email: pld@cpacanada.ca

Highlights

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