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.
This publication gives a high-level overview of Section PS 3450, Financial Instruments, in the CPA Canada Public Sector Accounting Handbook. The publication defines each type of financial instrument. It provides guidance on when a financial instrument is recognized, how the instrument is measured, what the presentation considerations are, and what must be disclosed.