ASPE Financial Instrument Update - 2022

This course provides an in-depth refresher of the continuing requirements under Section 3856 of: - Initial measurement of financial instruments - Accounting for transaction costs and financing fees - Subsequent measurement of financial instruments at balance sheet dates - Impairment symptoms, required analysis and accounting - Accounting for hedge contracts - Disclosure requirements • 

For many entities, the majority of items shown in their balance sheet are considered to be financial instruments. 

As a result, the accounting rules found in Section 3856 of the Accounting Standards for Private Enterprises (ASPE) are among the most common concerns when preparing financial statements.

This course provides detailed information concerning the two major areas of change described above including their impact on comparative figures Included in the presentation will be a number of practical examples to reinforce the standards being described.

 Also, recent common practice inspection weaknesses found regarding financial instruments will be noted throughout the course.