ASPE/ASNPO and CAS Update

CGA-BC Surrey/Langley/North Delta Chapter invites you to join us for a PD seminar on Saturday, June 7th, 2014.

Speaker: Michael Ell, CPA, CGA, LPA

Date: Saturday, June 7th, 2014
Time: Registration and Buffet Breakfast 8:00 am – 9:00 am
Seminar 9:00 am – 3:00 pm
Buffet Lunch: 12:00 noon – 1:00 pm
CPD Hours:  5
Location: Newlands Golf and Country Club, 21025 48th Ave, Langley  (604-533-3288)
Cost: $100.00 (includes GST and $4 donation to the CGA-BC Educational Foundation)

Summary:

This seminar formerly known as GAAP/GAAS update, will review the most important aspects and changes implemented by the adoption of Accounting Standards for Private Enterprises (ASPE) and Accounting Standards for Not for Profits (ASNPO). We will provide practical examples, review sample presentations and note disclosures. The seminar will discuss how the new standard relates to assurance and non-assurance engagements. The trips and traps of first time adoption will be discussed.

The day will be wrapped up with a discussion about some current and upcoming changes to accounting and assurance standards as they related primarily to review and compilation engagements.

Bring your questions and concerns.

Who should attend?

  • Financial statement preparers (public practice or industry)
  • Financial statement reviewers

Key learning objectives

  • What is ASPE/ASNPO
  • What are the differences between GAAP and ASPE/ASNPO
  • First time adoption issues
  • What’s new under ASPE/ASNPO
  • How does ASPE affect my NTR statements
  • When do I have to adopt ASPE/ASNPO
  • What is new in the Auditing standards (CAS)

Speaker:

Michael Ell, CPA, CGA, LPA is a Public Practitioner/Consultant located in Nanaimo, BC. He is the primary public practice reviewer for CGA-BC, an Associate of the Accounting Standards Board Private Enterprise Advisory Committee and a member CPA Canada Practitioners Technical Advisory Board. Most of his career has been in public practice, but Michael also has experience in both government and industry. He develops and facilitates numerous courses for CGA-BC and other CGA affiliates across Canada, in areas relating to public practice, standards, and the CICA Handbook. Besides providing services to various small business clients, the main focus of his practice is providing standards consulting to various accounting firms in BC and across Canada.

REGISTER HERE

Surrey Food Bank – Breakfast with the Bank 2014

The SLND CGA-BC Chapter is once again proud to participate in the “Breakfast with the Bank” Fundraiser on Friday, May 2, 2014. It’s an important annual event for the Surrey Food Bank, which raised over $100,000 last year. This is a great opportunity to help give back to the community as well as a chance to network with many community leaders. Plus, you’ll be able to learn more about what the Surrey Food Bank does and listen to inspiring stories from some amazing speakers!

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Event Information:

When: Friday, May 2nd, 2014 from 7:00 am-8:00 am sharp
Where: Bombay Banquet Hall, 7473 135th Street, Surrey
Cost: No cost to attend but a donation of any size is welcome

**A continental breakfast will be served

This event is open to all CPA members and students, but space is very limited. Please contact me if you’re interested in attending allanwongcga@gmail.com.  Please respond ASAP. First come first serve.

Surrey Food Bank logo

Words Sprung from the Chapter Chair

Spring has sprung into action with spring rain. I hope it brings in a lot of sunshine soon so that I can prepare my home garden.

In the first quarter of 2014 which is also our chapter’s last fiscal quarter, ending on March 31, 2014, we were able to provide our membership with three PD events or 9.5 CPD hours. Among them, on February 1, 2014, Don Nilson gave us 2014 Income Tax Update for the last time after more than 35 years of his services. It was an unexpectedly tearful farewell party for us when he announced his retirement from public speaking. It was a great loss for our chapter. At the end of the event, Don Nilson gave a great philosophical speech for our professional and personal life that was memorable and remarkable. I wish him very well in this new chapter of his life.

We also acknowledge and give our heartfelt thanks to the following insurance topics speakers for providing their free presentations: Renee Penko, Alan Pepper, Lyle MacDougall, Aidan Reid, and Rhona Konnelly.

As we are going to be a big CPABC family soon, we have started to form our new chapter to include members from the three legacy organizations. The bigger family needs bigger venues and better PD topics for our membership. So, we are requesting that our membership give us some suggestions on PD topics, speakers, venues, and so on. We plan to have the following PD events in the second quarter of the year.

  1. The Fundamentals of Social Media (webinar) on April 9, 2014 at Cloverdale Recreation Centre (2 CPD hours);
  2. Spring Student Night on May 23, 2014 at Cloverdale Recreation Centre;
  3. GAAS/GAAP update with Stephen Spector on June 7, 2014 at Newlands Golf and Country Club (NGCC) (5 CPD hours); and
  4. Annual Chapter Event (ACE) on June 19, 2014 at NGCC (1 CPD hour).

Please register for one or more of the events.

I also urge all members to subscribe to our chapter newsletter and the CPABC newsletter to get more information about our activities and events, including free PD events from CPABC.

Thank you.

Khin Tan
Chapter Chair
Surrey/Langley/North Delta chapter

 

Spring Student Night 2014

SLND Chapter Fall Student Event 2
JOIN US FOR OUR 2014
SPRING STUDENT NIGHT!

SLND Chapter Student Fall Student Event

 

 

Date:  Friday, May 23, 2014
Time:  Registration: 6:00 pm – 6:30 pm
Student Night: 6:30 pm – 9:00 pm
Location: Cloverdale Recreation Centre
6188 176 Street, Surrey  604 597-4653
Cost: $5.00 (includes GST)

Please join us for a catered buffet dinner and an evening of networking with students and members from your local Chapter! (Members are encouraged to attend and share their experiences).

Evening Highlights

Volunteer Recognition – Join us in thanking the volunteers who help promote the designation and participate in the success of the Association and our Chapter!

New Graduates – Let us know if you are coming so we can properly introduce you at the event. You’ve worked hard and deserve to be recognized for your achievement!

Speakers

Stanley Chang, Liaison Governor, will be on hand throughout the event to represent the CGA-BC Board of Governors and answer your questions.

Khin Tan, SLND Chapter Chair, will give a presentation on Strategic Communication. If you fear public speaking or want to become a better public speaker, then this is for you!

Jerrick Barroso, Coordinator of CGA-BC’s Partners in Employment Program (PEP), will give a brief presentation on PEP and how it can assist you as you build your practical experience and chart your career path. Member companies of PEP will be on hand to share their experience as PEP Employers and the hiring process.

Lily Dayson, Manager, Student Support CGA-BC, and her team will provide information on the transition of the CGA program to the new CPA program and provide an overview of the CPA program to date.

Register now as space is limited. Please register for this event by May 16, 2014 (for catering purposes). Maximum one guest over 19 years old per student/member; all guests must register their names.

REGISTER HERE

The Fundamentals of Social Media

CGA-BC Surrey/Langley/North Delta Chapter

Join us for a Webinar on April 9, 2014: The Fundamentals of Social Media

Presenter: Anna Kouwenberg

Date:  Wednesday, April 9, 2014
Time:  Registration, coffee/tea and treats: 6:00 pm
Webinar with break: 6:30 pm – 8:20 pm
Recorded Q&A: 8:20 pm – 8:30 pm
CPD Hours:  2
Location: Cloverdale Recreation Centre, 6188 176 Street, Surrey (604 597-4653)
Cost: $30.00 (includes GST and $4 donation to CGA-BC Educational Foundation)

Summary:

In today’s world the use of Social Media Networks is ruling everyday life. It has become such a huge part of our social lives and is now moving into the business world full-steam ahead. In this webcast, presenter Anna Kouwenberg will review the different social networking sites and explain how they can be used as a powerful marketing tool in establishing your business’ online presence. Learn the advantages and disadvantages of these social media sites, to help you properly evaluate which options are the right fit for your business. At the end of this webcast, you will have confidence in knowing the fundamentals to navigate the Social Media Network jungle as well as how to set up a page on LinkedIn.

This webcast will review:
•What Social Media is and who is using it
•The types of Social Media Networks available and their uses
•The advantages and disadvantages of using Social Media Networks
•How to set up a LinkedIn page for your business

This a recorded webcast. It is your opportunity to participate in on-line learning with a group at a much lower cost.

Presenter: 

Anna Kouwenberg is an educator at Com-Tech Learning Solutions and also a Creative Director at ARK Squared Productions where she develops and provides web and graphic design. She graduated with honors from the Marketing Communications program at BCIT and took the knowledge she acquired to apply it in marketing for various large companies.

With Anna’s 10 years of experience in graphic design, web design and marketing, as well as her technological and strategic expertise, she brings a complete online marketing package that works.

Anna has helped numerous companies and professionals develop full branding packages, from logo design and print materials through to websites and Social Media presence. She uses her graphic and web design skills to improve their visual presence and then uses her marketing knowledge to make them effective and produce returns.

Currently Anna volunteers as Creative Director for Achieve Radiance Events and Communications and as a website manager for Blue Mountain Baptist Church.

REGISTER HERE

Recognizing Incompetency – March 18, 2014

The Fraser Valley Estate Planning Council (www.fvepc.com) invites professionals from financial and estate planning fields to our March 18 dinner meeting. Dr. John Sloan, UBC Clinical Professor, author, and expert in the care of the frail elderly will speak on, “Recognizing Incompetency.”  

RSVP by Friday, March 14, 2014 to laurie@fvepc.com

Cost:  $60  - Guests and new members welcome.

 Date:  Tuesday, March 18, 2014

Time:  5:45 PM – 8:30 PM

Place: Eaglequest Golf Centre (Coyote Creek)   7778 – 152nd Street in Surrey

Dr. John Sloan, UBC Clinical Professor, author, and expert in the care of the frail elderly, will speak about competency issues and the frail elderly. He will discuss the challenges of health care in the home setting for the frail elderly and will particularly comment on difficulties with mental competency and suggested solutions. This is an important topic, especially with the changes coming with WESA, March 31st, and the issue of undue influence.

About us
Now in its 16 year, the FVEPC has over 50 members (lawyers, notaries, accountants, financial planners, investment advisors, insurance professionals, trust officers, bank managers, actuaries and planned giving specialists). The Fraser Valley Estate Planning Council exists to promote communication and education for professionals involved in the planning and administration of estates.

 

PD Seminar – Elevate Your Business Legacy

CGA-BC Surrey/Langley/North Delta Chapter

Join us for a PD seminar March 29, 2014: Elevate Your Business Legacy

Speakers: Aidan Reid, BBA & Rhona Konnelly, CLU, EPC, CPCA

Date: Saturday, March 29, 2014
Time:  Registration and Gourmet Buffet breakfast 8:00 am
Seminar 9:00 am – 12:00 noon
CPD Hours:  3
Location: Eaglequest Coyote Creek, 7778 152nd Street, Surrey (604 597-4653 )
Cost: $60.00 (includes GST and $4 donation to CGA-BC Educational Foundation)

Seminar Summary:

Learn Business Succession Planning Strategies to preserve the value of the business, minimize taxes and create an alternative source of income in retirement with the use of tax-sheltered permanent insurance solutions.

Speakers:

Aidan Reid is a Financial Advisor with Edward Jones. He attended Simon Fraser University where he earned his BBA. His business specializes in the conservative, long term investor as well as small business clients. His office is located in Abbotsford, BC.

Rhona Konnelly, has 36 years of diverse insurance, financial and estate planning experience. She has served for many years in senior Specialist and Directorship roles with many of Canada’s leading financial services organizations. Rhona is a Chartered Life Underwriter (C.L.U) in financial services and estate planning. She also has Elder Planning Counselor (EPC) and Certified Professional Consultant on Aging (CPCA) designations.

REGISTER HERE

 

PD Seminar — The Life of Life Insurance

Join us for a PD seminar March 1, 2014: The Life of Life Insurance

Speakers: Renee Penko, Alan Pepper and Lyle MacDougall

Date:
  Saturday, March 1, 2014
Time:  Registration and Gourmet Buffet breakfast 8:00 am
Seminar 9:00 am – 12:00 pm
CPD Hours:  3
Location: Eaglequest Coyote Creek, 7778 152nd Street, Surrey  (604 597-4653 )
Cost: $60.00 (includes GST and $4 donation to the CGA-BC Educational Foundation)

Summary:

The life insurance industry is a complicated one, and if the wrong advice is given it can cost clients thousands of dollars in taxes or unneeded premiums. Join Renee Penko, Alan Pepper and Lyle MacDougall as they explore the different types of insurance and how it can benefit both business and personal clients.

Topics will include:

  • Temporary and permanent solutions
  • Understanding insurance quotes and proposals
  • Insurance as a income producer
  • Benefits of corporately owned insurance policies
  • Estate planning and equalization

This will be a fun, informative session on a topic that can be misunderstood and intimidating.

Speakers:

Lyle MacDougall is a Director of Business Development, and a Certified Financial Planner. Lyle has a unique perspective on financial planning and risk management and has qualified for Excellence in financial centre management and the platinum level of the Executive Advisor Club.

Renee Penko has worked in the financial industry for over 15 years, in various areas. Currently Renee holds the position of Financial Security Advisor at Freedom 55 Financial. She has the satisfaction of helping her clients build a solid foundation by carefully listening to their needs to ensure they reach their financial goals and dreams. In her role as an advisor she strives to give unbiased professional advice with careful attention to risk management. Renee is committed to taking into account all aspects of one’s financial affairs, and build trusting long-term relationships.

REGISTER HERE

Disclaimer:
As part of our coverage of CGA-BC events, participants may be videotaped, photographed and/or quoted, with or without attribution.  If you object to being photographed or videotaped, please let one of the organizers know.

Surrey Food Bank Wrap-up

On December 20, 2013, 13 members from the Surrey/Langley/North Delta Chapter braced the cold snowy weather to help out at the Surrey Food Bank. Coincidentally, it happened to be the snowiest day of the year! The members all took part in sorting and distributing food to the clients throughout the morning and helped serve hundreds of families. Once again the Food Bank and all the staff were extremely appreciative of our support. Thanks again to those that came out! For more opportunities to volunteer, please follow The Archway or contact Allan Wong at allanwongcga@gmail.com.

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Update on the New Wills, Estates, and Succession Act – Fraser Valley Estate Planning Council

The Fraser Valley Estate Planning Council (FVEPC) invites professionals from financial and estate planning fields to their January 21 dinner meeting.  Amy Mortimore, Partner at Clark Wilson LLP, will present an “Update on the New Wills, Estates, and Succession Act.” 

RSVP to laurie@fvepc.com.

Cost:  $60 – Guests and new members welcome.
Date:  Tuesday, January 21, 2014
Time:  5:45 pm – 8:30 pm
Place: Eaglequest Golf Centre (Coyote Creek), 7778 – 152nd Street in Surrey

The new Wills, Estates, and Succession Act comes into force on March 31, 2014.  Amy Mortimore will give guests an overview on those provisions that will impact non-lawyer estate professionals.

About FVEPC
Now in its 16th year, the FVEPC has over 50 members (lawyers, notaries, accountants, financial planners, investment advisors, insurance professionals, trust officers, bank managers, actuaries, and planned giving specialists).  The FVEPC exists to promote communication and education for professionals involved in the planning and administration of estates.
 

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