A Guide to Financial Instruments for Private Enterprises and Not-for-Profit Organizations

January 31, 2021

This publication provides an overview of ASPE Section 3856, Financial Instruments. It discusses:

the scope of the standard
common financial instruments
recognition
initial and subsequent measurement
impairment
liability vs equity classification, including classification of retractable or mandatorily redeemable shares issued in a tax planning arrangement (RoMRS)
offsetting
derecognition
disclosure
first-time adoption requirements

BDO can help you navigate the road ahead

Applying financial reporting standards can be quite complex. The BDO team can help you assess your situation and prepare for the opportunities and challenges involved.

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A Guide to Financial Instruments for Private Enterprises and Not-for-Profit Organizations

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