FALL/WINTER ASSOCIATION OF CHARTERED PROFESSIONAL ACCOUNTANTS OF NEWFOUNDLAND & LABRADOR

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3 FALL/WINTER ASSOCIATION OF CHARTERED PROFESSIONAL ACCOUNTANTS OF NEWFOUNDLAND & LABRADOR 95 Bonaventure Avenue, 5 th Floor St. John s, NL A1B 2X5 Fall 2017 Dear Members: CPA Newfoundland and Labrador is pleased to present the Fall/Winter Professional Development Catalogue featuring numerous informative, relevant and affordable sessions including in-class seminars, online workshops, ondemand sessions and live broadcasts. Professional development sessions will commence on October 12 and will run throughout the fall and winter. The national CPA Professional Learning & Development Programs Committee continues to work on the identification and creation of new and updated materials to meet our expanded member needs. In addition to our ongoing professional development program, on November 1 st & 2 nd, CPA Newfoundland and Labrador will be presenting its annual Professional Development conference in St. John s at the Holiday Inn. The conference will include numerous options of hour sessions featuring various technical and soft-skilled seminars and will also feature two keynote addresses. In addition to providing members with valuable learning opportunities, the conference is an excellent networking event. When registering for courses, members are asked to register online by accessing The online system has been established to ease the process of registration and payment of individual courses and passports. Members are advised to regularly check the online system as new course offerings may be added throughout the year. I trust you will find the depth and breadth of course offerings and delivery mechanisms you require to excel in your profession. However, should there be a course or topic you would like to see in our program, or if you are interested in joining our teaching team, please contact our Professional Development Leader, Nancy Ollerhead at nollerhead@cpanl.ca or any of the CPA NL team. Sincerely, Jason Hillyard, CPA, CGA Chief Executive Officer 3

4 TABLE OF CONTENTS CALENDAR IN-CLASS SEMINARS 6 PRICING INFORMATION 9 REGISTRATION INFORMATION & CONDITIONS 10 ACCOUNTING 11 ASPE: Disclosure and Presentation From Standards to Words...11 ASPE in the Real Estate Industry...11 IFRS: Financial Instruments IFRS Update Management Accounting Refresher Not-for-Profit Organizations Disclosure & Presentation From Standards to Words ASSURANCE 14 Assurance & Professional Practice Update Auditor s Responsibility Relating to Fraud (CAS 240) Compilation Engagements Experienced Practitioners File Review Methodologies Fraud Risk Management Principles & Practices An Integrated Approach Review Engagements Practical Application FINANCE 17 Advanced Financial Statement Analysis Breaking Up is Hard to Do When an Entrepreneur Gets Divorced Business Valuations The Basics Effective Costing & Profitability Management Financing Strategies PROFESSIONAL & PERSONAL SKILLS 20 Conversation, Connection & Influence: Build REAL Relationships & Get Things Done! Core Leadership Skills Energize Your Workplace: How Inspirational Leaders Wake People Up! Excel PivotTables for Accountants Excel Tables & Data Models Efficiently Managing, Analyzing, & Reporting Your Data Having Effective Accountability Conversations TAXATION 23 Catching Up: 5 Years of Income Tax Developments Corporate Reorganizations Everyday Income Tax Issues for the General Practitioner Income Tax Planning Refresher: Corporate Income Tax Planning Refresher: Personal Income Tax Update Managing Risk in Your Tax Practice RIP Terminal and Estate Return Preparation Tax Issues for Private Corporate Groups Tax Issues in Shutting Down a Corporation Tax Issues in Starting a Business Tax Planning for Private Enterprises on Business Succession

5 TABLE OF CONTENTS ONLINE WORKSHOPS & ON-DEMAND SESSIONS 29 ASPE A Survey of the Standards Auditing Refresher IFRS A Survey of the Standards Income Tax Planning Refresher Corporate Income Tax Planning Refresher Personal NFPOs A Survey of the Standards Under Part III of the Handbook Accounting Update for Private Enterprises and Not-for-Profit Organizations IFRS Update Management Accounting Workshop Review Engagements Under the Current Standards LIVE BROADCASTS 31 A Re-Introduction to Internal Audit All About Annuities for Retirement Cash Flow Audit Applying Audit Standards to a Small Entity Big Data An Introduction for Non-Technical People Essential Personal Insurance Strategies for a Lifetime Everyday Income Tax Issues for the General Practitioner GST/HST Preparing for an Audit Motivation and Teamwork Predictive Analytics An Introduction for Non-Technical People Proactive Interpersonal Management Skills Tax Issues in Starting a Business The Sustainability Scorecard OTHER CPA NL PD OPPORTUNITIES Fall Professional Development Conference Practitioners Forum INSTRUCTOR BIOS 35 CPD REQUIREMENTS & REGULATIONS 38 5

6 FALL/WINTER CALENDAR MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY October 9 Thanksgiving Day Fall Online Workshops Begin SJ - Advanced Financial Statement Analysis SJ - IFRS: Financial Instruments LB Big Data An Introduction for Non- Technical People 10:00-1:45 LB Predictive Analytics An Introduction for Non-Technical People 3:00-6:45 13 SJ - Effective Costing & Profitability Management 20 LB All About Annuities for Retirement Cash Flow 10:00-1:45 LB Essential Personal Insurance Strategies for a Lifetime 3:00-6:45 23 SJ - Breaking Up is Hard to Do - When an Entrepreneur Gets Divorced 1:00-4:00 24 SJ - ASPE in the Real Estate Industry SJ - Income Tax Update SJ - Conversation, Connection and Influence: Build REAL Relationships and Get Things Done! 31 SJ - Energize Your Workplace: How Inspirational Leaders Wake People Up! MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY Fall Professional Development Conference Day 1 Holiday Inn St. John s Fall Professional Development Conference Day 2 Holiday Inn St. John s 3 SJ - Financing Strategies 6 LB GST/HST Preparing for an Audit 10:00-6: SJ - Everyday Income Tax Issues for the General Practitioner Remembrance Day LB Everyday Income Tax Issues for the General Practitioner 10:00-6:30 20 SJ - NFPOs Disclosure & Presentation From Standards to Words 21 SJ - IFRS Update :00-12:30 22 SJ - Tax Issues in Starting a Business 9:00-12:30 23 SJ - Excel Tables & Data Models Efficiently Managing, Analyzing & Reporting Your Data 24 SJ - Excel PivotTables for Accountants 27 SJ - Auditor s Responsibility Relating to Fraud (CAS 240) 9:00-12:30 28 SJ - ASPE Disclosure & Presentation From Standards to Words 29 SJ - Tax Issues in Shutting Down a Corporation 9:00-12:30 30 SJ - Catching Up: 5 Years of Income Tax Developments CB Core Leadership Skills CB Having Effective Accountability Conversations 9:00-12:30 6 LB A Re-Introduction to Internal Audit 10:00-6:30 *CB: In-class session Corner Brook; SJ: In-class session St. John s; LB: Live broadcast

7 FALL/WINTER CALENDAR MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY 1 4 SJ - Business Valuations: The Basics CB Review Engagements Practical Application 5 CB Assurance & Professional Practice Update 9:00-12:00 6 SJ - Fraud Risk Management Principles & Practices An Integrated Approach 7 SJ - Review Engagements Practical Application LB Audit Applying Audit Standards to a Small Entity 10:00-6:30 8 SJ - Assurance & Professional Practice Update 8:30-11:30 CB Income Tax Update LB Tax Issues in Starting a Business 10:00-1:45 LB Motivation and Teamwork 3:00-6:45 11 SJ - Compilation Engagements Experienced Practitioners 9:00-12:30 12 SJ - Management Accounting Refresher 13 SJ - Income Tax Planning Refresher: Corporate Day 1 of 2 14 SJ - Income Tax Planning Refresher: Corporate Day 2 of 2 15 SJ - Managing Risk in Your Tax Practice 9:00-12:30 LB The Sustainability Scorecard 10:00-1:45 LB Proactive Interpersonal Management Skills 10:00-6:30 MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY January SJ - Income Tax Update 12 SJ - File Review Methodologies 9:00-12: Winter Online Workshops Begin SJ - Income Tax Planning Refresher: Personal Day 1 of 2 18 SJ - Income Tax Planning Refresher: Personal Day 2 of Practitioners Forum SJ - Corporate Reorganizations SJ - RIP Terminal & Estate Return Preparation *CB: In-class session Corner Brook; SJ: In-class session St. John s; LB: Live broadcast 7

8 FALL/WINTER CALENDAR MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SJ - Tax Planning for Private Enterprises on Business Succession SJ - Tax Issues for Private Corporate Groups 23 *CB: In-class session Corner Brook; SJ: In-class session St. John s; LB: Live broadcast 8

9 PRICING INFORMATION Course Fees All course fees are to be paid in advance and must be included with your registration. The preferred method of registration and payment is online at with VISA or MasterCard. However, fees may also be paid by cash or cheque (payable to Chartered Professional Accountants of Newfoundland & Labrador) with your manual registration in advance of the session. Passports PD Passports are a cost effective way for members and other professionals interested in taking multiple Passport eligible sessions throughout the year. Personal PD Passport The Personal PD Passport is for individuals and is non-transferable. It entitles the passport holder to eight (8) Passport Credits which can be used for half-day, full-day and two day passport eligible sessions. Organization PD Passport The Organization PD Passport is designed for more than one user in the same office or organization. The Organization PD Passport is transferable among all members and non-members in a firm or organization. It entitles the organization to sixteen (16) Passport Credits to be used for half-day, full-day and two-day passport eligible sessions. Passport holders can register for additional sessions in excess of the passport entitlement at discounted rates. Session Type Early Registration Fee* Regular Registration Fee Credits Passport Personal Price** Organization Price** Half-Day $195 $215 1 $150 $175 Full-Day $290 $325 2 $250 $275 Two-Day $580 $650 4 $500 $550 Personal Passport N/A $900 N/A N/A N/A Organization Passport N/A $2,050 N/A N/A N/A * Early registration pricing is available when payment is received a minimum of three weeks in advance of session ** Price valid for passport holders who wish to purchase additional courses 9

10 REGISTRATION INFORMATION & CONDITIONS CANCELLATION OF SEMINARS BY CPA NL The Association reserves the right to cancel seminars with insufficient enrolment one week before the course delivery date. Registrants will be notified by of course cancellation and may enrol in an alternate course (subject to availability) or will receive a refund in the same manner as it was purchased. CANCELLATIONS, REFUNDS & SUBSTITUTIONS NO REFUND will be made for cancellations received within one week prior to the start of the course. For individual registrations and Organization PD Passport holders, an alternate may attend. It is the registrant s responsibility to advise our office of the change. CANCELLATIONS AND PASSPORT CREDITS For the Fall/Winter PD program, passport credits that are refunded to registrants due to course cancellations must be used by March 31, 2019 or else they will expire. LUNCHES & BREAKS Full-day courses include nutrition breaks and lunch. Half-day courses include a nutrition break. ACCOMMODATIONS Registrants are responsible for their own accommodation arrangements. COURSE MATERIALS Unless otherwise specified, all seminar material will be distributed at the seminar site. Inter-provincially developed seminar material may be purchased at the full seminar price after the seminar has been completed. Note: Seminar material is considered a supplement to the lecture; thus, the material is not considered stand-alone. The material will be subject to a no refund policy and must be paid in full prior to shipment. PASSPORT PD Passports are valid for courses taken from April 1, 2017 through to March 31, The majority of the courses offered in our PD program are fully passport eligible. Courses that are not passport eligible are clearly marked in the course description. PD Passport holders who register for a course but give at least one week s notice of cancellation may substitute another course. PD Passport holders who register for a course but do not give one week s notice of cancellation will have the session counted toward their passport as if they had attended. Organization PD Passport holders may send an alternate; however, Personal PD Passport holders may not. REGISTERING FOR A PASSPORT AND USING PASSPORT CREDITS Personal Passport Log onto Click on the Passport tab and complete purchase transaction. Once your passport has been purchased, click on the Events tab and select courses you wish to purchase using your Passport Credits. Organization Passport Please contact Nancy Ollerhead (nollerhead@cpanl.ca) if you wish to purchase an Organization Passport. Passport holders can register for additional sessions in excess of the passport entitlement at discounted rates. CONFIRMATIONS Confirmation of course registration will be ed to registrants prior to the course start date. If you do not receive a confirmation two days prior to the course date, please contact the office. Confirmation is provided as a courtesy. It is not an integral part of the registration process. LOCATIONS CPA Newfoundland and Labrador Fall/Winter PD courses will take place at the Glynmill Inn in Corner Brook and at the CPA NL Training Centres, 95 Bonaventure Avenue, 5 th Floor, in St. John s. Changes in course locations will be communicated by to all course registrants prior to the course. NON-MEMBERS Members of other provincial CPA bodies may register as members and will receive the member rate.. 10

11 IN-CLASS SEMINARS - ACCOUNTING ASPE: Disclosure and Presentation From Standards to Words This seminar reviews the reality and best practices for disclosure and presentation requirements of Part II Accounting Standards for Private Enterprises (ASPE), from cash to cash flow; from financial instruments to equity instruments; and from the known to the contingent. The seminar will start with a basic private enterprise financial statement, showing the common presentation and disclosure requirements and will then build on those statements with additional disclosure and presentation matters. Each disclosure and presentation requirement of ASPE will be reviewed and examples will be provided (sample financial statements are developed during the seminar). Disclosure requirements provided in Part II of the CPA Canada Handbook Accounting Applying professional judgement in developing sufficient disclosure Identifying options and choices in presentation Presentation and disclosure requirements in Sections 1000 through Section 3870 and the Six Guidelines in Part II of the CPA Canada Handbook Accounting Practitioners who serve private enterprises and those who prepare financial statements for private enterprises. Judy Cumby November 28, 2017, 9:00am-5:00pm ASPE in the Real Estate Industry This seminar explores the Accounting Standards for Private Enterprise (ASPE) that are applicable to the real estate industry links to REALpac in a practical manner. For the purposes of this seminar, the real estate industry will include real estate development and rental properties. Participants will discuss accounting issues encountered by builders, developers and landlords that have direct or indirect ownership of the real estate. Accounting issues related to the general contractors or subcontractors who are involved in the construction industry will not be covered. You will also learn about the disclosure requirements of ASPE and other issues specific to the real estate industry. Development and construction costs Rental properties (including construction, purchase or sale) Revenue recognition, impairment, asset retirement obligations, joint ventures Standards for real estate entities including: Section 1000, Financial Statement Concepts, Section 1100, Generally Accepted Accounting Principles Section 1510, Current Assets and Current Liabilities, Section 3031, Inventories Section 3055, Interest in Joint Ventures, Section 3061, Property, Plant and Equipment Section 3063, Impairment of Long-lived Assets, Section 3064, Goodwill and Intangible Assets Section 3110, Asset Retirement Obligations, Section 3400, Revenue Section 3475, Assets Held for Sale, Section 3850, Interest Capitalized, Section 3856, Financial Instruments Professionals who work in, or are interested in financial reporting and related areas of accounting in the real estate industry. Anyone involved in financial reporting and corporate accounting under ASPE including CFOs, VPs of finance, and controllers will benefit from attending.. Judy Cumby October 24, 2017, 9:00am-5:00pm 11

12 IN-CLASS SEMINARS - ACCOUNTING IFRS: Financial Instruments This course is designed to teach participants the main provisions of the new International Financial Reporting Standards (IFRS) 9, Financial Instruments, which will replace most guidance that currently exists in IAS 39 when adopted. What is changed from and also what is consistent with IAS 39 will be discussed. This new standard applies to all companies and may require planning, system and process changes to implement, as it may significantly change financial instrument classification, measurement and impairment amounts and their timing of recognition. The standard is generally applied retrospectively with the exception of the hedge accounting requirements which are generally applied prospectively. The standard is effective for fiscal years starting after January 1, 2018, but it can be earlyadopted entirely, or certain provisions may be earlyadopted in isolation. The standard has been released in phases, and if entities adopted a prior version of IFRS 9, they will apply that version until they adopt the final standard. This course will provide participants with the necessary knowledge of the standard to apply it to their own financial instrument fact situation. Overview and scope Classification, reclassification and presentation Initial recognition, subsequent measurement and de-recognition Impairment Derivatives and embedded derivatives Hedging and related future developments Disclosures Effective date and transitional requirements Future developments, including a new macro hedge accounting model New CPAs, supervisors, partners, financial analysts, and controllers responsible for the accounting, presentation and disclosure of financial instruments. NOTE: Although not mandatory, participants would benefit from reading the most recent edition of IFRS 9 in advance of the course. IFRS Update 2017 International Financial Reporting Standards (IFRS) continue to change and it is important to keep up-todate. This seminar provides participants with a review of new and revised IFRS and an up-to-date snapshot of other projects being considered by IFRS standard setters. The content covers new and revised standards approved from July 2016 to June 2017, so you will have an understanding of the IFRSs approved or revised during the past year and an overview of projects on the International Accounting Standards Board s (IASB) agenda. This seminar will also revisit the significant change to IFRS that was approved in the prior year to provide you with additional knowledge. Overview of IFRS issued, revised and in progress Review of new and revised standards Review of application guidance on previously issued standards Leases Review of feedback from regulators Review of exposure drafts and other projects in progress All professionals who want to be informed of the recent developments in IFRS standards, including: public accountants, preparers and readers of financial statements using IFRS. CFOs and VPs, directors, senior managers, controllers and other financial reporting staff, auditors, and audit committee members. Special Instructions: Participants are expected to have an understanding of current IFRS prior to attending this course. Judy Cumby November 21, 2017, 9:00am-12:30pm 1 Passport Credit 3.5 PD Hours Judy Cumby October 19, 2017, 9:00am-5:00pm 12

13 IN-CLASS SEMINARS - ACCOUNTING Management Accounting Refresher Level: Introductory This seminar provides participants with an overview of key concepts and decisions in management accounting. You will gain an understanding of the variety of management accounting information available within an organization, the decisions that are impacted by management accounting and an improved ability to understand issues and communicate with others regarding management accounting concepts. A case study is used throughout the seminar to help you apply these concepts in a practical scenario. You will leave this seminar with a refreshed grasp of management accounting concepts, including different types of costs and cost behaviour, job order and activity-based costing, decision-making using management accounting information and much more. Types of costs and cost behaviour Job order and activity-based costing Cost volume profit (CVP) analysis, budgeting, transfer pricing Decision-making, using management accounting information (e.g. make or buy, add or drop, scarce resource allocation) Performance management (e.g. the balanced scorecard, value chain analysis) Communication with non-financial managers Professionals interested in a refresher on key concepts and decisions using management accounting information. Special Instructions: Participants are encouraged to bring a calculator. Shelley Martin December 12, 2017, 9:00am-5:00pm Not-for-Profit Organizations Disclosure & Presentation From Standards to Words In this seminar, participants will review financial statement presentation and note disclosure requirements under Part III of the CPA Canada Handbook for Not-for-Profit Organizations (NFPOs) and relevant disclosures from Part II Accounting Standards for Private Enterprises (ASPE). You will learn how to develop presentation guidelines for financial statements, statement of financial position, statement of operations, statement of changes in net assets, and statement of cash flows. You will also learn how to develop note disclosure by major financial statement area (property, plant and equipment, liabilities, allocation of expenses, and others, such as; contingencies, commitments, subsequent events, related party transactions, etc.). Concepts that drive the presentation and disclosure requirements Accounting choices that must be made in the preparation of financial statements for not-forprofit organizations under the deferral method and the restricted fund method Statement of operations presentation and related disclosures Statement of financial position presentation and related disclosures, e.g. financial instruments Statement of changes in net assets Statement of cash flow presentation and related disclosures Other disclosures: related party transactions, contingencies, commitments, subsequent events, going concern, economic interest, etc. Ongoing projects and potential impact of changes Professionals involved in the preparation of NFPO financial statements. Government-controlled NFPOs must follow the Public Sector Accounting Handbook, which will not be addressed in this seminar. Special Instructions: Participants should have knowledge of Part III of the CPA Canada Handbook with respect to measurement issues. Colleen Menchions November 20, 2017, 9:00am-5:00pm 13

14 IN-CLASS SEMINARS - ASSURANCE Assurance & Professional Practice Update This seminar is designed to review recent revisions to the CPA Canada Handbook Assurance and other practice matters. The focus of the seminar is on new standards issued, with an overview of projects in progress, and a revisit to those standards what will be implemented for the first time in the current cycle. Implementation guidance and basis of conclusions documents issued by CPA Canada and the AASB will also be discussed. Practice issues identified by practice advisory and/or practice inspection will also be reviewed. Introduction and overview of new standards issued Specific coverage for new standards for review engagements and the project on the new audit report Exposure drafts and other projects in process for assurance matters Practice matters, including a review of practice inspection findings and practice advisory comments Professional accountants who practice public accounting, serving small - and medium-sized entities. This seminar provides an overview of current developments in assurance standards. David Baker Corner Brook: December 5, 2017, 9:00am-12:00pm Glynmill Inn St. John s: December 8, 2017, 8:30am-11:30am 1 Passport Credit 3 PD Hours Auditor s Responsibility Relating to Fraud (CAS 240) An auditor has responsibilities relating to fraud in the context of an audit. The requirements of CAS are designed to assist the auditor in identifying and assessing the risk of material misstatement due to fraud and in designing procedures to respond to and detect such misstatements. Misstatements in the financial statement can arise from fraud or error. The distinguishing factor between fraud and error is whether the underlying action that results in the misstatement is intentional or unintentional. As fraud is intentional and involves schemes designed to hide misstatement, the risk of not detecting a material misstatement resulting from fraud is higher than the risk of not detecting one resulting from error. This course helps to clarify the requirements of CAS and the auditor s responsibility relating to fraud and to assist the practitioner in meeting these responsibilities. Overview of CAS 240 and its related requirements Review of key characteristics of fraud Through discussion and examples, design audit procedures to address the risk of fraud including reviewing of journal entry testing requirements and building unpredictability into audit procedures Evaluate audit evidence obtained and assess impact on planned audit procedures and the audit report Overview of documentation and communication requirements Learning Outcomes: Participants who attend this course will be better able to understand the characteristics of fraud and their responsibilities related to fraud in an audit. Participants will also be better equipped to identify and assess the risk of material misstatement and respond appropriately to those risks. Finally, participants will better understand how to maintain an attitude of professional skepticism throughout the audit which will help them to perform a quality audit and reduce their risk. Practitioners in public practice who want to improve their ability to identify and assess the risk of fraud as well as who want to strengthen the work performed and documented in the audit files in order to help them meet their responsibilities related to fraud. Cheryl Whitten November 27, 2017, 9:00am-12:30pm 1 Passport Credit 3.5 PD Hours 14

15 IN-CLASS SEMINARS - ASSURANCE Compilation Engagements Experienced Practitioners The objective of this seminar is to provide examples on different approaches to completing and documenting compilation engagements. The material covers the current standards for compilation engagements and explores some best practice approaches that are being applied by practitioners. The course also provides a forum for practitioners to discuss the difficulties they have experienced and solutions that have worked for them. Standards set out in the CPA Handbook - Assurance Various topics relating specifically to compilation engagements what communication issues are relevant how does lack of independence impact these engagements how does the CPABC Code of Professional Conduct impact these engagements how do the standards impact bookkeeping practices how do the standards impact tax compliance work performed Discussion of what should be included in the working paper file how much work is too little, or too much, to have in our files the use of an index, engagement letters and other client correspondence, checklists, and file review procedures Sample compilation files to provide practical examples of different compilation files under different scenarios Appendix - compilation and independence checklists; and other relevant materials of interest to practitioners Experienced practitioners, and their senior staff with significant public practice experience, who would like an overview of the practical issues of compilation engagements. Prerequisite: Review CPA Handbook - Assurance sections 9200 and AuG-5 Roger Coombs December 11, 2017, 9:00am-12:30pm 1 Passport Credit 3.5 PD Hours File Review Methodologies This course focuses on review methodologies that help ensure an efficient and effective review of working papers for review and audit engagements. This seminar develops a process for performing and documenting a review of working paper files at different review levels. Participants will be able to understand the relationship between the review process and the requirements for file reviews under CSRE 2400 and the Canadian Auditing Standards (CAS). All specific file review roles discussed in CSQC #1 will be covered. Why we review working paper files Detailed outline of file review requirements under the CAS & CSQC #1 Optimal schedule for working paper review Useful techniques to use when reviewing working papers Discussion of review problems encountered in practice File review notes how to prepare and present them to file preparers Provincial inspection reports as a tool for file review Reviewing for file efficiency purposes How to review some key audit forms Case studies in file review The use of checklists when reviewing Learning Outcomes: Participants will be able to better understand: The relationship between the review process and the requirements for file reviews under the Canadian Auditing Standards The different approaches needed in the various review roles discussed in CSQC #1 How to follow an organized structure when reviewing working paper files Specific file review problem areas The most commonly occurring file deficiencies Requirements of CAS 230 audit documentation Other CAS sections that have documentation requirements Experienced professionals interested in improving their review skills will benefit from attending this seminar. Kim Mayo January 12, 2018, 9:00am-12:30pm 1 Passport Credit 3.5 PD Hours 15

16 IN-CLASS SEMINARS - ASSURANCE Fraud Risk Management Principles & Practices An Integrated Approach Effective fraud risk management requires an integrated approach. This seminar brings together key principles and practices using the 2016 updated COSO1 fraud risk management framework. The course material includes case discussions, sample codes of conduct, fraud policies, fraud risk checklists and other practical materials to help participants build a corporate culture and framework that prevents and detects fraudulent activity. Why do we need to manage fraud risks COSO framework for Fraud Risk Management Principle 1: Governance - creating an ethical environment: discussion about codes of conduct, fraud policies, hotlines, ethics training, employee declarations, and other practices. Principle 2: Comprehensive fraud risk assessment: fraud indicators and red flags, and a series of fraud risk assessment cases for class discussion. Principle 3: Preventive and detective fraud control activities: a high-level overview of potential controls. Principle 4: Fraud investigation protocol: highlevel overview of how to properly react to fraud, investigation considerations, taking corrective action and fidelity insurance matters. Principle 5: Fraud risk management monitoring: Ongoing evaluation and timely communication, with an introduction to data analytics. Learning Outcomes: This seminar provides real life examples of fraud and examples based on instructor and participant experiences. It explains why we need to manage fraud. It then provides an integrated approach, describing the five key COSO principles of fraud risk management as outlined below. Members in industry who require knowledge of historical and current frauds, possible fraud indicators in their transaction streams, and how to develop an integrated approach for effective fraud risk management. Members in public practice may also benefit as participants will learn to recognize indicators of potential fraud which can assist in the conduct of an effective audit. Cheryl Whitten December 6, 2017, 9:00am-5:00pm Review Engagements Practical Application A new standard on review engagements will come into effect for reviews of financial statements and financial information for periods ending on or after December 14, This professional development program is essential to experienced practitioners who are already aware of the requirements of the new standard CSRE 2400 and the differences from the requirements of the current standard. Using extracts of a review engagement file of a fictitious entity, this program, which is aimed at an experienced practitioner, enables the participant to deepen his/her knowledge of the new requirements and to benefit from practical advice in order to properly apply the new standard. Preliminary considerations Identifying areas in the financial statements where material misstatements are likely to arise Planning Understanding the entity and its environment Materiality Analytical procedures Implementation and conclusion of the review engagement under CSRE 2400 Work required (responsibilities) Specific issues Learning Outcomes: At the end of the session, the participant will be able to: Apply practical advice to optimize the planning of the review engagement; Identify areas in the financial statements where material misstatements are likely to arise; Develop strategies for identifying milestones in the review engagement and for completing specific sections; Identify specific issues related to the implementation of the new requirements. Practitioners - New CPA, Staff, Partner; Business/Industry Financial Analyst, Controller, VP/CEO Prerequisite: It is recommended that participants have good awareness of the new standard before enrolling in this program. David Baker Corner Brook: December 4, 2017, 9:00am-5:00pm Glynmill Inn St. John s: December 7, 2017, 9:00am-5:00pm 16

17 IN-CLASS SEMINARS - FINANCE Advanced Financial Statement Analysis Analyzing financial statements is no easy task. In a world where some companies report results using International Financial Reporting Standards (IFRS), others report using U.S. GAAP and still others report using Accounting Standards for Private Enterprises (ASPE), this task is becoming more and more challenging. Financial statements are froth with managerial judgment and it is difficult to assess the financial health of an organization or compare companies based on numbers alone. This seminar focuses on how to analyze financial statements, particular the lesser known techniques which are becoming more and more important when comparing IFRS, GAAP, or ASPE reporting. It will review the right situations in which to use straightforward financial ratio analysis and will also address adjustments which must be made to statements prior to the use of ratios so that the financial analysis techniques are applied effectively. Finally, it will highlight other measures which must be taken into account to arrive at a detailed assessment of a company s financial health. Challenges to financial statement analysis due to IFRS/ASPE Refresher on financial analysis techniques Advanced ratio analysis Dupont Analysis Altman s Z-score & Springate Z-score Financial Predictors of company bankruptcy Challenges and adjustments in analysis Receivables Inventory Fixed Assets Leases This course will benefit financial professionals who would like to enhance their abilities to read and evaluate the health of financial statements. It will appeal to accounting and finance managers, senior managers, directors, analysts, senior analysts, VP of Finance, and CFOs. It will also be of interest to users of financial statements, such as bankers, non-financial managers seeking financing, or equity analysts.. Special Instructions: It is highly recommended that participants bring a calculator with them to obtain maximum benefit. Breaking Up is Hard to Do When an Entrepreneur Gets Divorced Level: Introductory When your business client s marriage or common law relationship breaks down, you are often asked to assist during the negotiations and/or litigation process as you are familiar with the client s finances and planning. Learn how the Family Law Act (NL) classifies matrimonial property and business assets. We ll also discuss how to provide evidence on the business income that can be attributed to a spouse for the purposes of determining guideline income for support purposes. What is matrimonial property and matrimonial debt and how are these divided? What property and debt is excluded from a division of assets? How are business assets treated? Learn tax tips and traps in dividing property and debt Accountants can play a big role in valuing family property and debt Learn some planning techniques for your clients to consider in advance of a marital breakdown Learn how business income is attributed for purposes of child/spousal support Learning Outcomes: You will gain a basic understanding of family law and will learn the important role you can play in creatively dividing business interests particularly from a tax and valuation perspective. Find out what information family lawyers really need and how you can assist and advise your clients so they can be well positioned before a family breakdown occurs. This seminar is for you if you have clients with business interests or family property including trusts. Dan Jennings and Keith Morgan October 23, 2017, 1:00pm-4:00pm 1 Passport Credit 3 PD Hours Karine Benzacar October 12, 2017, 9:00am-5:00pm 17

18 IN-CLASS SEMINARS FINANCE Business Valuations The Basics Level: Introductory This full day seminar provides participants a practical insight into business valuation. Participants will learn about and apply valuations tools such as the capitalized cash flow (CCF) approach and the discounted cash flow (DCF) approach to business case studies. The seminar also focuses on business valuation interpretation and the mechanics of the valuation process. Overview of valuation methodologies and how to apply them to a real business CCF and DCF valuation techniques and application Calculating maintainable earnings Determining capitalization and discount rates Enterprise value versus equity value Market valuation approaches using equity value and enterprise value multiples Those in industry and practitioners with limited to no valuation experience who are seeking a better understanding of business valuation principles and practices. Special Instructions: Please bring a calculator as it may be used during class. Boyd Chislett December 4, 2017, 9:00am-5:00pm Effective Costing & Profitability Management How profitable is your organization? Where is your company making its money? In most organizations, 80% of profits come from about 20% of the sales. The key to improving profitability or to turn an unprofitable situation into a profitable one is to understand the drivers of profitability and how to leverage on those core products or customers. Too often financial professionals are so occupied with the daily realities of reporting results that they don t take the time to analyze them and improve them. In this interactive seminar, learn how to contribute directly to your organization s bottom line by analyzing profitability by product, customer, segment, or geographical region. Learn how to identify the main drivers of profitability and the parts of the business that need to be changed. Any professional who can contribute directly to an organization s bottom line will in turn expand their career opportunities and growth. Basic Functions of Finance Sources of Profitability The Four Cost Components Overhead Rates Activity-Based Costing Performance Indicators Different Sources of Profitability Operating Leverage Profitability Reporting Workshop Format: This workshop is highly interactive. The participants will learn effective costing and profitability techniques by going through examples and working on exercises. It is highly recommended that participants bring a calculator with them to obtain maximum benefit. The workshop will be of a benefit to business managers who need to have a clear understanding of costs and profits that their products and services generate. Decision makers and financial analysts will be able to analyze the profits and costs from production or service provided. Karine Benzacar October 13, 2017, 9:00am-5:00pm 18

19 IN-CLASS SEMINARS FINANCE Financing Strategies 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. 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. 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. Overview of financing strategy and capital markets Current state of the capital markets, including benchmarks and rules of thumb regarding realistic financing parameters Basic capital structure elements Discussion of various forms of financing, including: Government financing operating lines and term debt Mezzanine and subordinated debt Real estate financing Private equity Public equity and convertible debentures Understanding cost of capital Cost of capital and investment decisions Financing process and negotiating strategies Controllers, chief financial officers, chief executive officers and other financial executives who provide input into, or take the lead, in undertaking a financing transaction within their own enterprises. Blair Cook November 3, 2017, 9:00am-5:00pm SO YOU RE A CPA? THINK YOU COULD DELIVER PROFESSIONAL DEVELOPMENT PROGRAMS TO A GROUP OF YOUR PEERS? WHY NOT JOIN OUR TRAINING TEAM? INTERESTED? CALL OR NANCY OLLERHEAD NOLLERHEAD@CPANL.CA 19

20 IN-CLASS SEMINARS PROFESSIONAL & PERSONAL SKILLS Conversation, Connection and Influence: Build REAL Relationships and Get Things Done! Level: Introductory Conversational competence might be the single most overlooked skill we fail to teach. It might sound like a funny question, but we have to ask ourselves: Is there any 21st-century skill more important than being able to sustain coherent, confident conversation?" This session will help you build a blueprint for building trusting, respectful relationships. Great conversations go beyond the mechanics of speaking and listening. There is no reason to learn how to show you're paying attention if you are in fact paying attention. A great conversation requires we listen with curiosity and genuine interest. They are transformative, not transactional. They leave you feeling something. They are emotional. They spark thinking. They create new energy, insight and awareness. People leave a real and inspiring conversation wanting to take action and feeling excited about what is next! What if you could have those kind of heartfelt meaningful conversations in ten minutes or less? If you would like your interactions to have a more positive moving impact you can learn what it takes. Conversations can be less polarized, less divisive, more compelling and inspiring and they can change your life and leadership! This session will cover off ten basic rules, but if you just choose one and master it, you will already enjoy better connections with more sway and influence. What is Conversational Competence? Ten Basic Rules to Great Conversation How to Get People to Speak Up and Offer Ideas How to Reduce the Fear and Judgment of Speaking Up How to Listen in a Way that Demonstrates Trust and Builds Respect How to Help People Think Better, Get Clear and Feel Better about Their Ability How to Stop Giving Advice How to Ask Powerful Questions and Build Your Own List of Great Questions How to Stop Owning Other Peoples Problems and Over-selling and Directing How to Give Feedback to Beginners and Experts and Everyone in Between How to Stay Curious and Deeply Interested in Others Ideas How to Acknowledge, Align and Build Common Ground even when Opinions Differ How to Offer Encouragement that Lands and Resonates Authentically Core Leadership Skills Level: Introductory Leading people is a job unlike any other. We generally build our technical skills and then, because we are technically good, we get promoted to leading others. And yet being technically good at your job does not help you become a great leader! In this one day workshop we focus on the core leadership areas of ensuring tasks are completed, managing individual performance and engagement and building a strong team. We will work through the key aspects of each area, tackling the challenges most leaders face and sharing useful frameworks and tips for being an effective, engaging and successful leader. Understand the role and impact of a leaders in today s workplace Know the three main areas of focus for a leader and the importance of balance between them Know the situational leadership model and how to adjust their approach for different kinds of employees Understand how to set direction for their team Understand how to set clear expectations through SMART goals Understand the performance cycle and how to hold people accountable to deliverables Know 3 models for giving constructive feedback Practice preparing for an accountability conversation Understand what makes an effective team and how teams develop Be able to identify team dysfunctions and address them Anyone who leads a team. Jess Chapman Corner Brook November 27, 2017, 9:00am-5:00pm Glynmill Inn Tammy Robertson October 30, 2017, 9:00am-5:00pm 20

21 IN-CLASS SEMINARS PROFESSIONAL & PERSONAL SKILLS NEW - Energize Your Workplace: How Inspirational Leaders Wake People Up! Level: Introductory Would you like to know how to truly inspire your people to dig in, see the possibilities and innovatively create the future? How can you increase the focus, excitement, curiosity and capacity of your leaders and front line employees? How do you get people to embrace and drive real change? Add solid value? See better results? If you are asking these questions you are not alone. Leaders today are urgent for solutions that move people to care, to offer up their discretionary energy, to take 100% ownership for their experience, and to be proud of where they work and what they do every day. Effective inspiring leadership wakes people up! This program will provide new insights, tools and strategies to motivate, inspire and bring out the best in people. If you are wondering what you can do to get people excited and engaged, this session will leave you with a tool box of practical ideas and actions to get people genuinely turned on again! Compelling Cultures: Why People aren t 100% Engaged 6 Expectations of the New Workforce Inspiration vs Motivation: What s the Difference and Why Does It Matter? Practical Applications of Inspiration How do you Apply It in Real Time? Understand the Science Behind Emotion and Action Practices that Use The Power of Positive Energy to Ignite Action Positive Emotional Contagion: How do You Create Energy? 15 Simple Energy Tools You Can Use Every Day Three Keys to Inspired Conversation and Investment: Authentic Presence, Self Direction and Emotional Engagement Easy Ways to Acknowledge People and Get Them To Show Up and Be in the Game! Hold Yourself Accountable to Inspired Leadership: The Power of Ten Questions Tammy Robertson October 31, 2017, 9:00am-5:00pm Excel PivotTables for Accountants Level: Advanced PivotTables are widely considered the most powerful feature in Excel, yet most accounting and financial professionals do not use them in their day-to-day activities. If you are ready to learn how to take advantage of PivotTables or how to extend your existing knowledge of PivotTables, then you should make time to participate in this course. In this program, you will learn how to build PivotTables, how to group data inside PivotTables including grouping options for fiscal periods and how to create user-defined calculations in your PivotTables. You will also learn advanced PivotTable techniques, including how to build PivotTables that consolidate data from multiple data ranges and PivotTables dynamically connected to external databases and financial accounting systems. Additionally, you will learn how to take advantage of other Excel features associated with PivotTables, including Slicers, Power Query, and Power Pivot. At the end of the day, you will be a master of Excel PivotTables! Identify the six main elements of a PivotTable report and their use when creating PivotTables Create PivotTables and manipulate data in PivotTables using grouping techniques, modified Field Settings, user-defined calculations, and sorting and filtering options Import and link data from external data sources into PivotTables; additionally, use Tables and Data Models as data sources for PivotTables Create Consolidation PivotTables to consolidate data from multiple data sources in Excel Construct PivotTables in enterprise-class organizations using Power Pivot and Slicers Analyze data in PivotTables using tools and techniques, such as sorting, filtering, Excel s GETPIVOTDATA function, and PivotCharts Apply specific PivotTable techniques to solve problems in areas of PivotTable formatting, creating multiple PivotTables from a single data source, grouping PivotTable data into fiscal reporting periods, and keeping PivotTable row order intact Special Instructions: Participants are encouraged to bring their laptop equipped with Excel 2007 or newer. This course will be taught in Excel Reference will be made to the differences between Excel 2016 and Excel 2013, 2010 and Ward Blatch November 24, 2017, 9:00am-5:00pm 21

22 IN-CLASS SEMINARS PROFESSIONAL & PERSONAL SKILLS NEW Excel Tables & Data Models Efficiently Managing, Analyzing & Reporting Your Data Level: Advanced To efficiently manage, analyze, and report in Excel, you need more than traditional ranges of data you need tables and data models! Two of Excel s best features about which most users know very little, tables and data models allow you to process large volumes of data into dynamic reports and analytical elements with unsurpassed ease, accuracy, and speed. Far more than just a formatting tool, tables should revolutionize how you work with data in Excel, including serving as dynamically re-sizing ranges of data, providing a simplified means of writing formulas, and facilitating quick and easy sorting of large volumes of data. Couple tables with data models a means of joining, or relating, two or more tables together and you have the recipe for unparalleled efficiency when managing, analyzing, and reporting with Excel, even if your source data lies in other data sources! You do not want to miss this chance to learn how to harness the power of these tools by participating in this program! List the key features and advantages of working with tables and data models Create tables and data models in Excel, including using Power Query to reference data from external data sources into tables and data models Construct formulas in tables using Structured References, including formulas that refer to tables in other worksheets and workbooks Build Data Analysis Expressions in Data Models to extend their usefulness Use tables as automatic re-sizing data sources for other objects, including PivotTables and PivotCharts Use Excel s Power Pivot tools to summarize large data models with extreme ease Sort and filter data in tables, including applying Slicer filters Generate financial reports and data analyses including PivotTables which reference information from tables and data models and update dynamically Having Effective Accountability Conversations Level: Introductory In today s workplace we have to work in a matrix; managing and influencing upwards and across as well as down. Holding people accountable to the commitments they made and the deliverables they need to achieve is key. In this half day workshop we will cover the elements that need to be in place for you to hold people accountable effectively and will practice the skills associated with having positive and effective accountability conversations with anyone. Understand the importance of expectation setting in accountability Understand how to separate intention and impact Prepare for an accountability conversation Understand and practice the skills related with constructive communication Know what to do if the conversation doesn t work the first time! Anyone who wants to be better at holding people accountable no matter how challenging the conversation! Jess Chapman Corner Brook November 28, 2017, 9:00am-12:30pm Glynmill Inn 1 Passport Credit 3.5 PD Hours Special Instructions: Participants are encouraged to bring their laptop equipped with Excel 2007 or newer. This course will be taught in Excel Reference will be made to the differences between Excel 2016 and Excel 2013, 2010 and Ward Blatch November 23, 2017, 9:00am-5:00pm 22

23 IN-CLASS SEMINARS TAXATION Catching Up: 5 Years of Income Tax Developments 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 over the past five years and find out what they may have missed. Calculation of income Expenses and deductions Capital cost allowance Taxation of gains Retirement saving Income splitting 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? Anyone, whether in public practice, industry, or the public sector, who feels that they have not paid enough attention to recent income tax developments. Prerequisite: Participants should have a comprehensive understanding of basic corporate and personal income tax. Pauline Downer Corporate Reorganizations Level: Advanced Your client s business and personal situation is constantly changing. The existing business structure may no longer be suitable or ideal and your client is looking for taxefficient alternatives. There are a number of corporate reorganization alternatives that can be implemented under the Income Tax Act. Some of the provisions are complex and often interact with related provisions or anti-avoidance provisions. This full day seminar highlights the fundamental income tax considerations that arise in corporate reorganizations, including a discussion of related provisions and key pitfalls to avoid. The seminar will use extensive examples to illustrate tips and traps to be aware of when initiating a corporate reorganization. Tax-deferred rollovers (other than Section 85) Wind-ups Amalgamations Share exchanges and reorganizations Anti-avoidance provisions Convertible securities Learning Outcomes: At the end of this seminar, participants should be able to review and analyze corporate reorganization alternatives, and to decide which business structure best suits your organization. Practitioners or financial executives in industry who have some, but not extensive, experience in share/debt reorganization, consolidation, wind-ups and amalgamations and the GAAR. Pauline Downer January 25, 2018, 9:00am-5:00pm November 30, 2017, 9:00am-5:00pm 23

24 IN-CLASS SEMINARS TAXATION Everyday Income Tax Issues for the General Practitioner This full-day seminar deals with income tax issues frequently encountered by general practitioners. Topics will be approached as practical issues rather than technical details. General background information will be provided to promote an understanding of each issue. Opportunities, problems, suggestions and planning will be emphasized. This seminar will provide a better understanding of various income tax issues encountered by general practitioners everyday. Many participants take this seminar again and again because they find the content very relevant to client situations and because each year there is always something new. Issues and recent developments related to the taxation of select sources of income including active business income, small business deduction, management fees, employees vs. contractors and personal services businesses Remuneration issues - including integration, salary vs. dividends, salary reasonableness, income splitting with family members, bonuses payable Expenses/assets with both a personal and business element - including meals and entertainment, automobiles, taxable benefits Shareholder benefits and loans issues - including debit balances Timely and topical practical matters of interest to Practitioners Newsy and notable information, ideas and resources of interest to general practitioners Challenging ethical situations encountered in a tax practice Ideas and resources of interest to general practitioners Practitioners who have general income tax knowledge and deal with small and medium-sized owner-managed businesses. Prerequisite: General corporate and personal income tax knowledge. Pauline Downer November 9, 2017, 9:00am-5:00pm Income Tax Planning Refresher: Corporate This two-day refresher seminar is designed for those who desire to update their knowledge in the various taxes and tax planning for the privately controlled corporate taxpayer. This seminar has a strong emphasis on the application of tax for the Canadian Controlled Private Corporation. At the end of the two days participants should have a good understanding of the taxes that impact corporations. 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 windup 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 Those involved in corporate tax matters for private corporations that desire to expand or refresh their knowledge of corporate tax. Denise Coombs & Beth Porter December 13 & 14, 2017, 9:00am-5:00pm each day 4 Passport Credits 14 PD Hours 24

25 IN-CLASS SEMINARS TAXATION Income Tax Planning Refresher: Personal This two-day 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. 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 Those involved in personal tax matters who wish to expand or refresh their knowledge in the area of personal tax. Denise Coombs & Beth Porter January 17 & 18, 2018, 9:00am-5:00pm each day 4 Passport Credits 14 PD Hours Income Tax Update Providing a detailed summary of tax law changes in the past year, this seminar 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 Canada Revenue Agency (CRA), including news releases, draft legislation, CRA technical interpretations and tax cases, are discussed together with other particular subjects of current relevance and interest. Course coverage will be largely restricted to changes in the last year. Tax rate changes/integration Federal Budget (2017) Information from CRA and Dept. of Finance Tax cases CRA technical interpretations Provincial/Territorial update This seminar will be beneficial to those who need current information to advise clients, deal with the CRA, and who want to update their existing knowledge of income tax issues to incorporate developments in the past year. As the course focuses only on recent developments, it is best suited for members who take the course annually. NOTE: Those looking for an update of more than one year may consider taking the course Catching Up: 5 Years of Income Tax Development. Denis Manning (Corner Brook) Pauline Downer (St. John s) Corner Brook: December 8, 2017, 9:00am-5:00pm Glynmill Inn St. John s Offering #1: October 26, 2017, 9:00am-5:00pm St. John s Offering #2: January 11, 2018, 9:00am-5:00pm 25

26 IN-CLASS SEMINARS TAXATION Managing Risk in Your Tax Practice The seminar focuses on the procedures and processes of practicing in the tax area, highlighting areas where a better job could be done to protect practitioners from liability. In addition, the seminar will include a discussion of technical issues associated with the areas where AICA claims experience show the greatest number and dollar value of claims. Management and Administration Tax Service Responsibility Deals with Canada Revenue Agency Researching Tax Law Taxpayer Relief, Collections and Third Party Liability Tax Compliance Malpractice Lawsuit Tips and Traps Risk Areas and Top 10 Liability Insurance Tax Problems Learning Outcomes: This seminar is valuable to practitioners who want to obtain a better understanding of some of the areas of risk and to new practitioners who may find the information useful in developing their tax services. This half-day seminar is designed to help professional advisors reduce their exposure to liability in their tax practices. Brodie Taylor December, , 9:00am-12:30pm 1 Passport Credit 3.5 PD Hours RIP Terminal and Estate Return Preparation This full-day seminar will provide a review of the issues faced when preparing filings for deceased taxpayers, including terminal (year-of-death) and Estate filings. The course will be divided between two components. First, a seminar component will detail the income tax rules specific to deceased individuals and introduce the requirements for income tax returns for basic Estates. Second, a case study component will enable participants to put these skills into practice while illustrating the concepts in the context of sample returns. This will allow participants to apply their knowledge to practical filing situations commonly encountered in practice. The focus of both components is return preparation, including: review of tax issues of specific relevance to these returns, up-to-date source of related tax research and, review and understand of CRA assessing practices specific to returns of this nature. While the course will touch on some estate planning issues, these will generally focus only on matters which can be addressed in the course of preparing these returns. This seminar will expand the participant s existing knowledge in the preparation of personal income tax returns to add proficiency with the unusual issues related to terminal filings and related Estate income tax returns. Allocation of income between the personal and estate income tax returns Deemed dispositions of assets, including RRSPs and other common deferred income plans Special rules for Rights and Things, including elective tax filings Introduction to Estate and Testamentary trust filings Estate accounting Related GST/HST matters Case studies including terminal and rights and things tax returns and Estate filings will illustrate the aspects of the above commonly encountered in practice. Practitioners who wish to expand their existing personal tax return preparation skills to the preparation of personal tax returns commonly required for deceased taxpayers, and the related Estate income tax filings. Prerequisite: Basic personal tax knowledge is important, and some experience preparing personal tax returns is recommended. Denise Coombs or Beth Porter January 29, 2018, 9:00am-5:00pm 26

27 IN-CLASS SEMINARS TAXATION Tax Issues for Private Corporate Groups Level: Advanced This seminar covers the unique taxation issues that apply to groups of privately held companies and their shareholders. The seminar includes a detailed review of the association rules, and a review of the specified partnership income and specified corporate income rules, basic considerations for inter-corporate dividends, trusts in the corporate group and basic HST/GST issues. The courses uses a series of mini cases reviewing the issues that arise during the growth of a corporate group and the impact of the issues discussed in the materials. This course does not have a detailed review of Safe Income. Basic related, associated, and affiliated rules The rules that modify the associate rules The results of associating corporations Deemed association Partnerships in the group including the changes to the Specified Partnership Income rules. Specified Corporate Income. Trusts in the group Inter-corporate dividends and private corporations (does not include a detailed review of safe income) Basic GST/HST issues including closely related and associated registrants Other common issues Learning Outcomes: At the end of this session, participants will understand the unique taxation issues that apply to groups of privately held companies and their shareholders. This seminar will be of interest to practitioners and managers involved with groups of privately held companies. Prerequisite: Familiarity with the ITA and GST/HST rules. Pauline Downer February 22, 2018, 9:00am-5:00pm Tax Issues in Shutting Down a Corporation This seminar will focus on the many tax issues that arise both compliance and planning-related when shutting down a corporation. It will primarily focus on private companies. It will deal with taxable wind-ups, taxdeferred wind-ups, tax-deferred amalgamations, and issues impacting shareholders of companies that are being shut down. Common traps and planning opportunities will be discussed. Although there will be coverage of the issues associated with the winding-up of smaller mom and pop type corporations that are ceasing operations, this only represents a small portion of the course coverage. The remainder of the course coverage will be more applicable to corporations within larger corporate groups. As an Intermediate level course, there will not be any coverage of T2-specific issues (eg: where to check on the T2 that a company has been amalgamated or dissolved). Taxable wind-ups Tax-deferred wind-ups Tax-deferred amalgamations Issues impacting shareholders of corporations being shut down Issues relating to winding-up dividends Tax issues relating to the disposition of shares and debts Debt forgiveness issues that arise on winding up Losses and ABILs Clearance certificates, liability for tax debts, tax refunds, assessing a dissolved corporation PUC and ACB issues Learning Outcomes: Attendees will broaden their understanding of tax compliance requirements, tax traps, and tax planning opportunities that arise when shutting down corporations. Members who are involved in winding up/dissolving corporations or who advise clients that are involved in winding up/dissolving corporations. Particular focus will be placed on private companies. Denise Coombs or Beth Porter November 29, 2017, 9:00am-12:30pm 1 Passport Credit 3.5 PD Hours 27

28 IN-CLASS SEMINARS TAXATION Tax Issues in Starting a Business Level: Introductory This seminar focuses on the many tax issues that arise both compliance and planning related when starting a business. This seminar is primarily focused on private companies. It does not touch on provincial-specific regulations or non-tax issues that are relevant to private companies (workers compensation rules, specific registration requirements, etc). Common traps and planning opportunities are discussed. This is a beginnerlevel course. Topics Included: Proprietorships, partnerships, and corporations Structuring for tax efficiency Structuring for investors Structuring decisions to preserve access to losses Planning opportunities Employee issues General practitioners who are involved in advising clients that are starting new businesses. Particular focus will be placed on fairly straightforward private company situations. Denise Coombs or Beth Porter November 22, 2017, 9:00am-12:30pm 1 Passport Credit 3.5 PD Hours Tax Planning for Private Enterprises on Business Succession to Advanced Business succession involving closely-held private enterprises can range from an intra-family estate plan to an arm s length sale of shares. This seminar will provide practical knowledge of the principal business succession considerations. The focus will be on income tax considerations, although key non-tax issues will also be identified. Topics Included: Identifying business succession alternatives Principal tax and non-tax considerations Estate freezes, wasting estate freezes, postmortem strategies Valuation issues and price adjustment clauses Utilizing family trusts Avoiding attribution issues Alter ego trusts and joint spousal trusts Intra-family succession Section 84.1 re-characterization rules Arm s length sales of shares Pre-sale purifications Utilizing the lifetime capital gains exemptions Capital gains deferral rules Divisive reorganizations and section 55 (incl. recently proposed amendments) Using life insurance to fund taxes on death Non-competition payments and related tax issues Financing considerations Case study illustrating alternative tax consequences Tax checklist Learning Outcomes: This seminar is designed to provide the knowledge and tools necessary to identify, plan and manage business succession considerations for ownermanagers of private enterprises. The content is practical, while covering the pertinent tax issues in some detail. The seminar will provide a working knowledge of the principal tax and non-tax considerations in formulating and implementing business succession plans, along with detailed written materials for reference. Salient tax considerations will be discussed and illustrated by reference to examples. Related planning points will also be covered. This seminar will be useful to accountants in public practice with clients who are owner-managers of private corporations, as well as inhouse professionals of private enterprises, especially those facing succession issues. Pauline Downer February 6, 2018, 9:00am-5:00pm 28

29 ONLINE WORKSHOPS FALL/WINTER Online Workshops & On-Demand Sessions Designed for those who can t step away from the office for a full day, our online workshops include NEW-Passport Eligible pre-recorded training sessions, PowerPoint presentations and course handouts. Participants have access to the program for a limited period of time (30 days or more) from the time they register to participate in the online learning. ASPE A Survey of the Standards This online seminar reviews Accounting Standards for Private Enterprises (ASPE) and the accompanying accounting guidelines. It is designed for individuals seeking a complete review of ASPE. The objective is to provide information about all the standards that make up Part II of the Handbook which illustrate examples and exercises in certain measurement, recognition and disclosure areas and to outline the accounting policy choices available in ASPE. Member $440 Passport Holders: *4 Passport Credits *$340 (Passport Discount) 14 PD Hours Auditing Refresher This online seminar provides professional accountants with a solid foundation in the practical application of the Canadian Auditing Standards (CAS) to auditing engagements. Through a case study approach, participants are given an opportunity to build on their understanding of the standards, and to practice applying the standards to a set of client-specific facts. Member $440 Passport Holders: *4 Passport Credits *$340 (Passport Discount) 14 PD Hours IFRS A Survey of the Standards The objective of this online seminar is to provide participants with a solid foundation to the International Financial Reporting Standards (IFRS) incorporated as part of CPA Canada Handbook Accounting Part I. IFRS that are under development at the International Accounting Standards Board (IASB) that are expected to be introduced during the next year will also be reviewed. The focus is on the IFRS that apply to most profitoriented entities. This seminar will also cover the foundation of IFRS, provide a basic understanding of the content each of the IFRS covered and a comparison to CPA Canada Handbook Accounting Part II. Member $440 Passport Holders: *4 Passport Credits *$340 (Passport Discount) 14 PD Hours Income Tax Planning Refresher Corporate This is a refresher seminar for participants who desire to update their knowledge in the various taxes and tax planning that impact the corporate taxpayer. Topics covered include organization of the Income Tax Act as it relates to corporations, determination of residency and calculation of corporate taxes. Common definitions under the Income Tax Act that impact a corporation, commonly used corporate reorganizations, corporate attribution and loss utilization, owner manager remuneration planning and estate planning, issues for buy sell agreements and more will be discussed. Member $440 Passport Holders: *4 Passport Credits *$340 (Passport Discount) 14 PD Hours Income Tax Planning Refresher Personal This is a refresher seminar for participants who desire to refresh their knowledge in personal tax, trusts and partnerships. Topics covered include how to research a tax issue, determination of residency, liability for taxes in Canada, employment income, benefits and related deductions. Calculations of the various sources of investment income, registered retirement pension plans, individual pension plans, deferred plans (such as TFSA, RESP and RDSP), various deductions from net income such as capital gains exemptions, calculation of taxes payable, including discussions on tax credits and more will also be discussed. Member $440 Passport Holders: *4 Passport Credits *$340 (Passport Discount) 14 PD Hours Not-for-Profit Organizations A Survey of Standards Under Part III of the Handbook This online seminar provides an overview of the accounting standards non-government controlled notfor-profit organizations (NFPOs) under Part III of the CPA Canada Handbook. It reviews the application of GAAP with an emphasis on the areas where choices have to be made in the preparation of financial statements. It should be noted that a NFPO can also elect to apply Part I, IFRS. This course will not discuss this option in detail. Member $220 Passport Holders: *2 Passport Credits * $120 (Passport Discount) 7 PD Hours 29 All Online Workshops Fall Dates: October 16 December 31, 2017 Winter Dates: January 15 March 9, 2018

30 ON-DEMAND SESSIONS FALL/WINTER Accounting Update for Private Enterprises and Not-for-Profit Organizations This course will provide an information update on all 2017 Improvements, Exposure Drafts, Standards effective January 2017 and 2018, and Advisory Committee meetings for ASPE and NFPO. It will include an overview and summary of updates which require awareness and provide practical application and hands-on practice for more complex updates. Click here for the full On-Demand course descriptions On-demand session available on October 1 st $75 2 PD Hours Passport Ineligible IFRS Update 2017 International Financial Reporting Standards (IFRS) continue to change and it is important to keep up-todate. This seminar provides participants with a review of new and revised IFRS and an up-to-date snapshot of other projects being considered by IFRS standard setters. The content covers new and revised standards approved from July 2016 to June 2017, so you will have an understanding of the IFRSs approved or revised during the past year and an overview of projects on the International Accounting Standards Board s (IASB) agenda. This seminar will also revisit the significant change to IFRS that was approved in the prior year to provide you with additional knowledge On-demand available on November 1 st $ PD Hours Passport Ineligible Management Accounting Workshop This seminar provides participants with an overview of key concepts and decisions in management accounting. You will gain an understanding of the variety of management accounting information available within an organization, the decisions that are impacted by management accounting and an improved ability to understand issues and communicate with others regarding management accounting concepts. A case study is used throughout the seminar to help you apply these concepts in a practical scenario. You will leave this seminar with a refreshed grasp of management accounting concepts, including different types of costs and cost behaviour, job order and activity-based costing, decision-making using management accounting information and much more. On-demand $75 2 PD Hours Passport Ineligible 30

31 LIVE BROADCASTS FALL/WINTER Seminars delivered as live broadcasts can be accessed anywhere you have access to the internet. Participants are able to watch the seminar leader deliver the course while still being able to review the PowerPoint presentation. Participants will receive access to the course materials (pdf) prior to the seminar date. A live chat option allows online participants to submit questions. Course fee see Pricing Information. Passports can be used. Click here for detailed course descriptions A Re-Introduction to Internal Audit This is a re-introduction (or maybe even an initial introduction) aimed at managers, staff accountants, controllers, public practitioners, and any other individuals interested in what internal auditors do and how they contribute to their organization. The seminar covers the concepts of internal auditing, including definitions and standards, and the roles and responsibilities of practitioners in the field. The attendees will be able to communicate effectively with the IA department, including setting up projects and understanding outcomes. Robert Forsyth November 30, 2017, 10:00am-6:30pm Audit Applying Audit Standards to a Small Entity This seminar is designed for professionals who wish to enhance their skills in auditing small entities effectively and efficiently by focusing on key Canadian Accounting Standards (CAS) that are most relevant to small entities. By understanding these standards, the professionals performing the engagement will be able to use the CAS objectives and requirements to drive the audit approach of profit and not-for-profit small entities in a cost effective manner, while complying with all professional standards Garth Sheriff December 7, 2017, 10:00am-6:30pm All About Annuities for Retirement Cash Flow Annuities from insurance companies are back in vogue as a peace-of-mind tool to create guaranteed retirement cash flows at a time when Canadians face hard choices (risky stocks vs. low paying GICs) in their RRSPs. Participants will learn what an annuity is, review the various types of annuities, analyze inflation indexing, and discuss how to leave annuity money to heirs in the case of an early death. By the end of this course, participants will fully understand annuities as insurance products, the role they can play in a retirement income design and how to select and buy the exact product. This course should be essential learning for anyone planning to retire in five years or less or fully retired now. Kurt Rosentreter October 20, 2017, 10:00am-1:45pm 1 Passport Credit 3.5 PD Hours Big Data An Introduction for Non-Technical People Every few years a new innovation comes through the technology world and it has the potential to completely change the way that people interact and relate with technology. These seismic shifts influence companies and cause them to reconsider how they design and deliver a lot of their traditional activities: marketing, customer service, purchasing, internal reporting, etc. PC Era, pervasive and high speed internet, smart phone and mobile computing are just a few examples of these breakthrough revolutions. Big Data and Social Media are potentially poised to be one of the next big things which shakes up business. Large companies and tech focused firms have already jumped on the bandwagon. According to Gartner research 6 Million jobs will be created in the U.S. by the big data driven economy in the next 4 years. But what about those of us who are not at google? What do they do to tap into the big-data tidal wave? Jeff Wilts October 19, 2017, 10:00am-1:45pm 1 Passport Credit 3.5 PD Hours 31

32 LIVE BROADCASTS FALL/WINTER Essential Personal Insurance Strategies for a Lifetime Throughout your lifetime everyone owns life insurance, disability insurance, health insurance, critical illness insurance and travel insurance. But what are you really buying? In a comprehensive learning course, national best-selling author and long-time CPA Ontario course instructor Kurt Rosentreter will teach you in the ins and outs of personal insurance products away from the sales tactics of an insurance agent. Nothing is more important than a safety net for your family if you die, are disabled, get sick or otherwise cannot provide for them come and learn about the many insurance products in Canada and what is right for you, your partner, your kids, your business, your employees and your parents. Kurt Rosentreter October 20, 2017, 3:00pm-6:45pm 1 Passport Credit 3.5 PD Hours Everyday Income Tax Issues for the General Practitioner This full-day seminar deals with income tax issues frequently encountered by general practitioners. Topics will be approached as practical issues rather than technical details. General background information will be provided to promote an understanding of each issue. Opportunities, problems, suggestions and planning will be emphasized. This seminar will provide a better understanding of various income tax issues encountered by general practitioners everyday. Many participants take this seminar again and again because they find the content very relevant to client situations and because each year there is always something new. Alex Garber November 17, 2017, 10:00am-6:30pm GST/HST Preparing for an Audit This seminar will review the audit process and current common audit issues in order to assist practitioners and businesses in preparing for a GST/HST audit. Audit assessments can be reduced with an increased knowledge of GST/HST issues that are commonly discovered during a Canada Revenue Agency (CRA) audit. You will learn the GST/HST audit process, how to prepare and manage an audit, deal with after-audit issues including the objection process and the assessment of penalties. The seminar will teach you how to minimize GST/HST exposures by knowing what the most common exposures are, illustrated by using real examples applicable for businesses of all sizes. Diane Gaudon November 6, 2017, 10:00am-6:30pm Motivation and Teamwork Understanding how to create and maintain a motivating environment can be challenging given the differing individual and team incentives involved in completing a project or task. Motivation is a powerful tool and current research shows that it can lead to increased productivity within teams. We will examine the current research on motivation and provide tangible tools and techniques to motivate yourself and the members of your team to achieve the project goals. Garth Sheriff December 8, 2017, 3:00pm-6:45pm 1 Passport Credit 3.5 PD Hours Predictive Analytics An Introduction for Non- Technical People The ability to be able to use analytics as an underpinning for decision making in a business setting is now becoming a standard management competency. A lot of people believe that analytics is about understanding the past. However by studying the patterns that can be found in historical data, probability based insights and predictions about the future can be made. Predictive analytics helps companies to better understand the Three Rs - Response, Revenue, and Risk. During this workshop we will give a high level introduction to a number of topics and concepts that are core to predictive analytics. Jeff Wilts October 19, 2017, 3:00pm-6:45pm 1 Passport Credit 3.5 PD Hours 32

33 LIVE BROADCASTS FALL/WINTER Proactive Interpersonal Management Skills The pace of change is speeding up, and that makes it appear that as individuals we are losing control over much of our lives. This session starts with an open discussion of areas in which change is happening, and its impact on participants' lives. It then presents eight specific techniques for gaining that control back. Steve Prentice December 14, 2017, 10:00am-6:30pm Tax Issues in Starting a Business This seminar focuses on the many tax issues that arise both compliance and planning related when starting a business. This seminar is primarily focused on private companies. It does not touch on provincial-specific regulations or non-tax issues that are relevant to private companies (workers compensation rules, specific registration requirements, etc). Common traps and planning opportunities are discussed. Daryle Moffatt ARE YOU AN EMPLOYER WHO WOULD LIKE TO POST A CPA CAREER OPPORTUNITY? ARE YOU LOOKING FOR A CPA TO FILL A VOLUNTEER POSITION ON YOUR BOARD? December 8, 2017, 10:00am-1:45pm 1 Passport Credit 3.5 PD Hours The Sustainability Scorecard Organizations need to achieve financial success but also be aware of their impact on society and the environment. How the public associated Nike contractor s use of child labour with the Nike brand, or environmental issues back to tar-sands companies are examples of these new corporate obligations. Sustainability what is also known as the triple bottom line is about an organization s contribution to financial success, as well as its impact on society and the environment. Accountants are being asked to keep score against these new imperatives. This session brings the latest world-class thinking in this area to you and ironically the leading thinkers and execution is coming from Canadians! Brett Knowles December 13, 2017, 10:00am-1:45pm 1 Passport Credit 3.5 PD Hours ADVERTISE WITH US! CALL OR MELANIE FITZPATRICK MFITZPATRICK@CPANL.CA 33