Chapter 45: Financial instruments

Chapter 45: Financial instruments from the Guide to Accounting Standards for Private Enterprises (GASPE) provides detailed guidance on the application of Section 3856, Financial Instruments from Part II of the CPA Canada Handbook – Accounting (Handbook).

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Chapter 45: Financial instruments provides detailed application guidance to practitioners and financial statement preparers on Handbook Section 3856. The chapter includes various tools, including illustrative examples, decision trees, summary charts, explanatory material and relevant excerpts from the Handbook.

Topics include:

  • purpose and scope of Section 3856
  • overview of Section 3856 key requirements
  • relevant definitions
  • recognition, measurement and classification considerations
  • presentation requirements
  • hedge accounting
  • disclosure requirements

This chapter from the complete Guide to Accounting Standards for Private Enterprises is available as a free download.