We are pleased to present to our Banking Partners a special presentation where we will discuss updates to the Accounting Standards for Private Enterprises (ASPE) which change how retractable or mandatorily redeemable shares (ROMRS) are classified and how these changes impact a business. These changes, which take effect for all annual financial statements relating to fiscal years beginning on or after January 1, 2021, provide new conditions that must be met in order for ROMRS to be classified as equity, and have a significant impact on annual financial statement presentation.
In this session, Partners Vinay Khosla and Alex Doma, and Senior Accountant Vikram Sidhu, will review these changes and what it means for users of financial documents and CPA Firms.
Business Bankers and anyone with corporate clients should attend. The complimentary hour-long virtual session includes a 45-minute presentation and time for Q&A.
Contact Chris Pickard at [email protected] or (905) 632-2968 to register manually.
Alex is a Partner with the Assurance Team providing audit, review and notice to reader financial statements and preparation of corporate income tax returns. He is knowledgeable and possesses experience in all four current accounting standards in Canada.
Vinay has more than 20 years of experience in Tax Planning and Optimization, he’s a pragmatic and business-minded specialist who employs the highest level of tax knowledge. With careful attention to detail, he finds innovative, value-added solutions that ensure his clients reach their personal and professional goals.
Vikram graduated in 2018 with an Honours Bachelor of Business Administration with a specialization in Accounting and Co-operative studies from Wilfrid Laurier University. Vikram joined Bateman MacKay in 2017 as a co-op student and began his full-time position in 2019, having obtained his designation in 2021..
Sign up for our newsletter and receive tax, accounting, and COVID-19 resources for your business!