Chapter 45: Financial Instruments

CPA Canada has made another chapter from its Guide to Accounting Standards for Private Enterprises publication available for free download.

Chapter 45 provides detailed guidance on the application of Section 3856 Financial Instruments from Part II of the CPA Canada Handbook – Accounting. The chapter includes various tools including illustrative examples, decision trees, summary charts, explanatory material, and relevant excerpts from the Handbook.

Topics in this chapter include:

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

Chapter 45: Financial Instruments