AdvMtlsem3Leah Donti Advantage Montreal Seminars CPA PD Calgary, Edmonton, Toronto , Montreal, Canada and the U.S. Advantage Montreal Seminars Inc.
Tel: (450) 681-0518
email:
Ldonti@advantagemontrealseminars.com

Your Partner in Leading-Edge PD Courses For Professional Accountants

CPA, CGA, CMA, CA CPE PD Training Courses
and IQEX Review Seminars

 

 

Invest in yourself. Know more, earn more.

 

 

 

Professional Development Training Courses & Seminars

CPAs, CGAs, CMAs and CAs earn 8 hours of PD per day of training and receive a PD attestation.

  • Course 2000:  The New Review Standard and ASPE CPA Canada Handbook Changes for Private Companies Effective 2017

    • The New Review Engagement Standard
    • New ASPE Standards Effective in 2017 and 2018
    • New Amalgamation Consolidation Standard
    • AcSB Strategic Plan for Private Companies 2017-2020
    • Process for ASPE Updates
    • New Joint Arrangements Standard
    • New Investments Standard
    • Financial Instruments Proposal
    • 2017 ASPE Projects: Redeemable Preferred Shares & Agriculture
    • 2018 ASPE Improvements
    • Common Issues Faced on Transition to ASPE
    • ASPE Disclosures
    • Common Deficiencies on Reviews of ASPE Financial Statements

 

  • Course 2001:  Consolidated Financial Statements in U.S. GAAP, ASPE and IFRS

    The FASB and IASB completed the convergence project on Consolidated Financial Statements. Therefore, U.S. GAAP and IFRS now use a converged standard. In addition, ASPE is also using the same standard.  Topics include:

    • The New Consolidation Method Called the Acquisition Method
    • Accounting for Non-Controlling Interests
    • Goodwill Accounting
    • Goodwill Impairment Testing by Reporting Unit
    • Accounting for Contingent Considerations and in-Process R & D
    • Accounting for Transaction Costs in a Business Combination
    • Intangible Asset Accounting
    • The Use of Fair Value in consolidations and intangibles
    • Step Acquisitions
    • Sale of a Subsidiary
    • Numerous cases on all the above topics are solved throughout the day

 

  • Course 2002:  Current Developments & Best Practices for Canadian CPAs

    • Current Developments on Ethics
    • Gaining Productivity in a Fast-paced World
    • Improving Conflict Management Skills
    • Negotiating Skills for Finance Professionals
    • Expense Control that Works
    • Pricing and Costing Strategies
    • Metrics and Benchmarking
    • Business Continuity Management

 

Fair Value in recent years has been both the basis for many new accounting pronouncements in ASPE, IFRS and US GAAP, as well as the focus of regulators. Commonly used as the measurement basis for a wide range of assets and liabilities, the difficulty in estimating fair value ranges from straight-forward to extremely complex and full of judgment.

    • Fair value measurement
    • Typical Valuation Methodologies
    • Fair Value of Financial Assets
    • Fair Value Hierarchy
    • Using Net Asset Value As a Practical Expedient to Fair Value
    • Fair Value of Nonfinancial Assets
    • Fair Value of Liabilities
    • Financial Statement Presentation

 

  • Course 2004: The New Global Revenue Recognition Standard in U.S. GAAP and IFRS

    • The New Requirements Under IFRS and U.S. GAAP for Revenue Recognition
    • Transition Requirements and New Footnotes
    • Effective Date for Public and Private Companies
    • The New 5 Step Approach to Recognizing Revenue
    • Critical  Impacts on the Balance Sheet and Income Statement
    • Walk Through Cases in Various Industries to See How Revenue Will be Measured in the New Standard
    • Particular Emphasis in Manufacturing (Pharma, Construction and Aerospace) and Services (Technology, Communications, Media and Retail)
    • 6 Revenue Updates Issued
    • Implementation Plan

  • Course 2005: Critical Issues Facing Accounting Professionals in 2017

    • 27 Challenges Accounting Professionals Face
    • How to Develop Internal Employees to Take on Senior Leadership Roles
    • Data Analytics
    • Business Law Issues for Accounting Professionals
    • A Closer Look at Rolling Forecasts
    • How to Manage Your Company's Foreign Exchange Risk
    • How to Embrace Change and Thrive in it
    • Crisis Management
    • How to Improve Working Relationships and Productivity in a Multi-Generational Business

 

  • Course 2006: Private Company Business Planning & Tax Issues in 2018

    • Critical Issues in Succession Planning
    • A Dive into the Types of Rollover Strategies
    • A Case on each of the Types of Rollover Strategies
    • CRA and Revenue Quebec GST and QST Audit Deficiencies
    • 2016 Federal Budget Changes to Estates & Trusts
    • Risk Factors for Tax Audits and Reviews
    • Preparing for Tax Audits and Reviews
    • Best Practices for Planning Family Business Management Over the Long Term
    • Building Significant Wealth and the Capital Gains Deduction
    • Savvy Income Re-Investment Strategies
    • Planning a Successful Lifestyle Now and in Retirement
    • Cost-effective Marketing Tools for the Private Company
    • Top 10 Mistakes Made to Shorten the Life of a Family Business.

 

  • Course 2007: Private Company Business Planning & Tax Issues in 2017

    • 2016 Federal Budget Changes Small Business Deduction
    • CRA Audit Process for SME Tax Audits
    • How to Manage a CRA Audit
    • Tax Implications of Separation and Divorce for the Owner-Manager
    • Tax Issues the Business Owner Should Consider When Selling Their Business
    • 2016 Changes to Trusts and Estates
    • Strategic Planning for the Owner-Managed Company
    • Management Fees
    • A Variety of Cases are Reviewed

 

  • Course Tax 2008: GST and Canadian Sales Tax:  Hot Topics and Issues

    • The Canadian Retail Sales Tax System
    • Concepts and Principles of GST/HST and QST
    • Managing a GST/HST Sales Tax Audit
    • GST/HST and QST Common Audit Exposures
    • The Canadian Value added Tax System
    • British Columbia's New Provincial Sales Tax System
    • How Sales Tax Works on Taxable Employee Benefits
    • GST/HST for Charities and Non-for-Profits

 

  • Course 2009: The New Global Lease Standard in U.S. GAAP and IFRS

    The new Lease standard was a joint IASB-FASB international convergence project. This standard changes US GAAP and IFRS to both have a new converged lease standard.

    • First Time Adoption Requirements
    • Allocating Considerations to Lease and Non-lease Components
    • Lease Term, Discount Rate
    • Subleases, Lease Modifications
    • Lessee & Lessor Financial Statement Impacts
    • Lessee Accounting for Operating and Finance Leases
    • Sale and Leaseback Accounting Transactions
    • Lessor Accounting for Operating and Finance Leases
    • Walk Through Cases on How Lessees & Lessors Will be Impacted
    • Impairment of Right of Use Assets
    • Effective Date, Transition Approach and Disclosures

 

  • Course 2010: ASPE Refresher for Private Entities

    This course is perfect for the professional who wants to maintain a sound working knowledge of common GAAP topics.  The seminar is for those in industry and public practice looking to review the standards that have stayed the same since the overhaul of the CPA Canada Handbook.  It covers a variety of accounting and financial reporting issues that are part of ASPE that are not covered in the ASPE course 2000 including:

    • Investments
    • Financial Instruments
    • Future Income Taxes
    • Foreign Exchange Contracts
    • Leases
    • Accounting Changes and Error Analysis
    • Statement of Cash Flows
    • Long-Term Liabilities
    • Foreign Currency Translation
    • Inventory
    • Conceptual Framework

 

  • Course 2019: Better Presentation Skills for Business Professionals

    In today's business world, better presentation skills are essential tools for professionals.

    • Introduction to Presentation Skills
    • Refining Your Executive Presence
    • Connecting with Your Audience
    • Managing Your Physical Presence
    • Using Visual Aids with Impact
    • Developing Your Presentation
    • Practicing Your Delivery
    • Conducting Sit-Down Presentations
    • Delivering a Complete Business Presentation
    • Handling Questions & Answers
    • Responding to Emotional Questions
    • Controlling Interruptions
    • Creating a Reinforcement Plan

 

What you would learn at top-tier MBA schools if you only had the time.

    • The Case Method
    • Marketing Strategy Development and Competitive Analysis
    • Advertising and Promotion
    • Communications and Presentations
    • Human Resource Tools
    • Leadership and Team Building
    • Production Operations Management
    • Negotiations
    • Project Management
    • Key Performance Indicators
    • Balanced Scorecard
    • Quality and Lean Management
    • Case Study Integrating the Tools to a Business

 

  • Course 2029Financial Statement Analysis

    • Apply Ratio Analysis to Financial Statements
    • Gage the Economic Health of a Company Based on its Financial Statements
    • Appreciate the Strategic Context Behind Modern Financial Statement Analysis
    • Develop an Ability to Look Into the Future Through Financial Statement Forecasting
    • Financial Ratio Analysis: Liquidity, Profotability, Long-term Solvency, Operating Efficiency
    • Common-sized Financial Statements
    • Trend Analysis
    • Pro-forma Financial Statements
    • Case Study of Financial Statement Analysis at a Business

 

  • Course 2030Financial Analysis: Best Practice Tools

    • Best Practice Tools of Financial Analysis
    • Understanding the Statement of Cash Flows
    • Capital Structure, Credit Risk & Credit Analysis
    • Specific Accounting Issues in Financial Analysis
    • Foreign Currency & Multinational Operations
    • Evaluating Financial Reporting Quality
    • Integration of Financial Statement Analysis Case Studies
    • Assessing Earnings Quality: What Analysts Look for

 

  • Course 2032Business Valuation for Accounting Professionals

    • Fair Value versus Fair Market Value
    • Asset Approach Valuation
    • Market Approach Valuation
    • Cost Approach Valuation
    • Cash Flow Valuation
    • Discounted Cash Flow Valuation
    • Dividend Capitalization Method
    • Free Cash Flow to Firm
    • Free Cash Flow to Equity
    • Valuing Intangible Assets
    • Small Business Valuation
    • Valuing Minority Interest
    • Liquidation Value
    • A Variety of Cases Will be Presented
    • 9 Common Mistakes in Business Valuation

 

  • Course 2033:  A Deeper Dive into Business Valuation

    • Standards of Value
    • Using Valuation Multiples
    • Guideline Public Company Method
    • Guideline Transactions Method
    • Prior Transactions Method
    • Adjusted Book Value Method
    • Excess Earnings Method
    • Common Valuation Adjustments
    • Liquidation Value Method
    • Discount Rates to Apply
    • Confidentiality Agreements and Letters of Intent
    • Hidden Issues in Valuing a Business
    • Private Equity and Management Buyouts
    • Acquisitions
    • Divestitures
    • Selling the Private Company
    • How Business Valuation Impacts Financial Statements
    • Walk Through a Valuation Case

 

  • Course 2034Financial Statement Fraud: Tools Used to Cook the Books

    • New COSO Internal Control Integrated Framework
    • Eliminating Opportunities for Fraud to Occur
    • Major Financial Statement Fraud Schemes Used to Misstate Revenue, Inventory, Asset Overstatements, Estimates Other Accounts and Suspicious Journal Entries
    • Analytical Procedures to Detect Various Types of Fraud
    • Major Misappropriation of Assets Fraud Schemes Including, Among Others, Skimming, Larceny and Additional Schemes that Occur in Inventory, Payables and Other Accounts
    • Revenue Related Fraud; Inventory and Cost of Goods Sold Fraud; Liability, asset and inadequate disclosure frauds
    • The 10 Financial Shenanigans with Real Life Example Applications

 

  • Course 2035Best Practices for Preventing Fraud with Strong Internal Controls

    • Understand Fraud & How To Prevent it
    • Internal Control Best Practices
    • Improving Internal Controls in Small Organizations
    • Top 10 list to Improve Controls
    • Social Engineering, Cheque fraud & Other scams
    • Committee of Sponsoring Organizations' Internal Control Best Practices
    • Financial Statement Common Fraud Schemes
    • Particular Fraud Schemes to Landmark Cases

 

  • Course 2036U.S. GAAP FASB Update

    • FASB Finalized Accounting Standards Updates effective in 2017
    • FASB New Lease Standard
    • FASB Financial Instruments Developments
    • PCC Private Company Developments
    • FASB New Variable Financial Interest Model
    • FASB Recent developments on Consolidations & Business Combinations
    • FASB Impairment Testing Developments
    • FASB Fair Value Measurement Developments

 

  • Course 2040Corporate Finance Refresher

    • Working Capital Management
    • Cash Management
    • Marketable Securities
    • Inventory Management
    • Accounts Receivable Management
    • Capital Structure
    • Managing Risk on Commodities and Foreign Currency
    • Financial and Operating Leverage
    • Weighted Average Cost of Capital
    • Capital Budgeting Decisions
    • Portfolio Management
    • Earnings Per Share
    • Numerous Cases and Examples are Solved

 

    Course 2046 Management Accounting Decision- Making Tools

    • Cost Estimation & Cost Drivers
    • Target Costing
    • High-Low Method
    • Cost Classification
    • Activity-based Costing
    • Activity-based Management
    • Transfer Pricing
    • Flexible Budget vs. Master Budget
    • Variance Analysis
    • Variable Costing
    • Absorption Costing
    • Relevant Costing
    • Multi-Product Breakeven Analysis

 

    Course 2050 Internal Controls: Top 10 Best Practices for Minimizing Fraud Risk

    • Best Practices to Improve Internal and External Frauds
    • How to Improve Internal Controls at Both Small and Big Companies
    • Preventive, Detective and Corrective Internal Controls
    • Best Practices to Implement Internal Controls with Quickbooks
    • Cash Schemes Methods of Concealing Cash
    • Accounts Receivable Schemes and Prevention
    • Inventory Schemes and Prevention
    • Purchasing Schemes and Prevention
    • Types of Control Activities
    • Fraud Prevention
    • Assessment Process for Segregation of Duties
    • Integration with Various Business Cases (Small Business and Public Companies)
    • Best Practices from Sarbanes Oxley and COSO for Big Companies to Improve Internal Controls

 

  • Course 2060IFRS Technical Update

    • Revised IAS 19: Defined Benefit Plans/Employee Benefits
    • IFRS 9 Financial Instruments (3 Phases: Classification, Measurement, Hedging)
    • IFRS 10 Consolidation of Special Purpose Entities
    • IFRS 11 Joint Arrangements
    • IFRS 12 New disclosure for Consolidation, Special Purpose Entities & Joint Arrangements
    • IFRS 13 Fair Value Measurement
    • IFRS 14 Regulatory Deferral Accounts
    • IFRS 15 New Revenue Standard
    • IFRS 16 New Lease Standard
    • IFRS/XBRL

 

  • Course Tax 3000Canadian Corporate Tax Update

    • Federal Budget Changes For Businesses
    • Common Income Tax Errors - Business Returns
    • Changes Impacting the Small Business Deduction and Professionals
    • Changes to Section 55 and Eligible Capital Property
    • Tax Changes Impacting Life Insurance Policies
    • Taxable Income and Income Tax Payable
    • Capital Gains versus Dividends; Capital Dividend Account
    • Refundable Dividend Tax on Hand (RDTOH) and Part IV Tax
    • Deemed Dividends and Foreign Tax Credits
    • Eligible vs. Non-Eligible Dividends
    • Associated Company Rules
    • Additional Refundable Tax
    • Personal Services Corporations
    • Manufacturing & Processing Deduction
    • 2016 Tax Court Cases - Businesses
    • Trusts and Estate Update
    • FACTA, BEPS, International Tax Update
    • GST/HST, Sales Excise Update

 

  • Course Tax 3050Canadian Personal Tax Update

    • Federal Budget Changes For Individuals
    • Foreign Reporting T1135 Update
    • 2016 Tax Court Cases- Individuals
    • Common Income Tax Errors - Individual Returns
    • Adjusted Cost Basis, Capital Gains and Losses
    • Listed Personal Property vs. Personal Use Property
    • Property Income
    • Gross Up and Dividend Tax Credit
    • Income or Loss From a Business
    • Retirement Savings Plans & Other Special Income Arrangements
    • Employment Income
    • Bonus Arrangements and Non-Salary Compensation
    • Stock Options Public Company vs. CCPC
    • Stand-By Charge
    • Pension Income
    • Foreign Source Income
    • Other Income and Deductions
    • Medical expenses & Political Contributions
    • Taxable vs. Non-Taxable Allowances
    • Taxable Income and Tax Payable for Individuals
    • Loans to Employees
    • Non-Arm Length’s Transfers
    • Death of a Taxpayer
  • Course Tax 3055U.S. Taxation

    • U.S. Personal Taxation for Individuals
      • Gross Income
      • Adjustments and Deductions to Arrive at Taxable Income
      • Passive Activity Losses
      • Loss Limitations
      • Taxation of Retirement Plan Benefits
      • Filing Status and Exemptions
      • Tax Computations and Credits
      • Alternative Minimum Tax
    • Tax Depreciation
      • MACRS Depreciation Classes
    • Property Transactions
      • Capital Gains, Capital Losses
    • Corporate Tax
      • Inclusions
      • Deductions, Credits
      • S Corporations
      • C Corporations
    • Partnership Taxation
    • Taxation of Estates and Trusts

 

  • Course Tax 3060 Private Company Business Planning & Tax Issues in 2019

    • Cash Management For Small and Medium Businesses
    • Hiring Family Members and Splitting Income to Keep More of Your Money
    • Planning for Crisis Situations: Illness, Family Strife and Breakups
    • Succession Planning
    • Strategies for Successful Business Planning
    • Planning Through All of the Business Life Cycles
    • Planning for the Founder's Tax Efficient Retreat
    • Allowable Business Deductions
    • Successful Planning from a Legal Perspective
    • Estate Planning - Tips and Traps
    • Year End Tax Planning
    • Miscellaneous Tax Issues

 

  • Course 3070:  Critical Issues Facing Accounting Professionals in 2018

    • Optimizing the Financial Close - What it Takes
    • How to Communicate Financial Information Clearly and Effectively to Non-Accountants
    • Best Practices to Improve Budgeting
    • 18 Tips to Better Writing and Presentation Skills
    • How to Tackle Cyber Risk
    • Carrying Out Transfer Pricing Planning
    • External & Internal Risks Worrying the CFO
    • Maintaining a Positive Workplace Attitude

  • Course 3080: Critical Issues Facing Accounting Professionals in 2019

    • Gaining Efficiencies in the Accounting Month End Process
    • Challenges in Using Fair Value Measurements
    • Auditing Micro Businesses
    • What is Keeping Controllers Up at Night?
    • Financial leadership in Difficult Times
    • Rethinking Liquidity: Managing Cash and Working Capital
    • Surviving a Financial Crisis: Credit and Operating Finance Issues and Solutions
    • Cost Reduction Strategies & The Lean Organization
    • The 10 most Common Mistakes Management Make in an Uncertain Economy