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Chapter 45: Financial instruments

Chapter 45: Financial instruments, retained 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).

Chapter 45: Financial instruments (published August 2019), provides detailed application guidance to practitioners and financial statement preparers on Section 3856 in the Handbook. 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, retained from CPA Canada’s Guide to Accounting Standards for Private Enterprises, is available as a free download.

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Important notice:

To supplement the August 2019 publication, an update to Chapter 45 (Update) has been prepared to include all revisions to the CPA Canada Handbook – Accounting that would affect Chapter 45 up to May 2024. Practitioners should refer to both Chapter 45 and the Update in combination when reviewing and applying guidance from Chapter 45.   

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