This course provides a review of Section 3856, with emphasis on the initial and subsequent measurement of both arm’s length and related party financial instruments, accounting for financing fees and transaction costs, impairment, retractable or mandatorily redeemable shares and presentation and disclosure.

ADVISORY

This course was previously part of ASPE - Review of the Standards, which has since been divided into standalone courses. This modularization approach allows members to choose only the content most relevant to their needs. Here are all the courses that were split from ASPE - Review of the Standards. Please note that availability of offerings may vary throughout the year, and some courses are available only in On-Demand format. 

For members who require the complete curriculum, the full ASPE - Review of the Standards course remains available in On-Demand format. 

Most accounting and tax professionals will acquire substantial gains from this course, especially: 

• Practitioners seeking an overview financial instruments. 
• Accounting and tax professionals working with private enterprises or not-for-profit organizations. 
• Individuals looking to strengthen their knowledge of ASPE presentation and disclosure requirements. 

• Describe ASPE recognition, measurement and disclosure requirements for financial instruments. 
• Identify and explain recent updates to ASPE and their impact on financial reporting. 
• Apply ASPE financial instrument concepts using examples that illustrate accounting presentation and disclosure considerations. 

• Core ASPE financial instrument concepts, such as identification of common financial instruments, recognition and measurement of no or low interest loans in arm’s length transactions, related party financial instruments, transaction costs and financing fees and retractable or mandatorily redeemable shares. 
• Overview of key disclosure areas for financial instruments. 
• Overview of foundational topics, including impairment, forgiveness and recognition. 
• Illustrative examples, exercises, and sample disclosures that reinforce participants’ understanding of the practical application of ASPE – Financial Instruments. 

Live webinars have varying levels of expected interaction, with some requiring microphone and camera capabilities to support a proper learning experience – please email pdreg@bccpa.ca if you have concerns. 

In general, we encourage participants to have their cameras turned on to enhance their virtual learning experience. This practice promotes a stronger connection with the instructor and fellow participants, and fosters improved communication and collaboration.

Live Webinar FAQs can be found here.  

Registration terms and conditions, including the cancellation policy can be found here. If you require further assistance, please contact the PD Department.