ASPE and ASNFPO – Financial Instruments (3856) (On-Demand - CPA PRO)
Overview
This seminar provides an in-depth review of Section 3856, Financial Instruments for both private enterprises and not-for-profit organizations. Coverage includes the purpose and scope of the standard, defined terms, recognition, measurement, presentation, disclosure, derecognition and first-time adoption.
Access expires 180 days from purchase date |
Course Description
Participants will have the opportunity to review a number of illustrative examples and exercises. After attending this seminar, participants will have reviewed in-depth the accounting for financial instruments for both private enterprises and not-for-profit organizations.
Applicable for
Learning Objectives
- Describe the requirements of Section 3856, Financial Instruments for both private enterprises and not-for-profit organizations including recognition, measurement, presentation, derecognition and disclosure.
- Describe the alternative measurement methods for financial instruments and implications on the financial statements
- Account for the impairment of financial instruments
- Account for the initial measurement and presentation for related party transactions
- The initial measurement, subsequent measurement and presentation for shares issued in a tax planning arrangement
- Describe the basic concepts of hedge accounting
Content
- Overview
- Purpose and scope
- Examples of financial instruments
- Definitions
- Recognition
- Initial measurement
- Arms-length transactions
- Finance fees and transaction costs
- Subsequent measurement
- Amortized cost
- Fair value
- How to determine fair value
- Cost
- Impairment
- Derecognition
- Derivatives and hedge accounting
- Complex Issues
- Related party transactions
- Shares issued in a tax planning arrangement
- Transfer of receivables
- Presentation
- Investments
- Substance over form
- Debt, equity or hybrid financial instrument
- Compound financial instruments
- Offsetting
- Disclosure
- First-time adoption
- Resources (with links)
Course Content Created: July 2025
The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.Presenter
Liz Farrell, FCPA, FCAAbout This Product
On-Demand Courses by CPA PRO are either video recordings from live seminars, or video recordings produced specifically for the on-demand audience. Slides and any corresponding handout materials are included where available.These titles are eligible for Verifiable CPD Hours – in order to claim these hours as verifiable, you will be required to successfully complete a short quiz. You will be able to print or save your electronic certificate of completion.
Note that some courses comprise both formal instruction and self-directed exercises. In such cases, participants must complete both components to claim full CPD hours, or must reduce their reported CPD hours accordingly.
Please note that not all on-demand courses include downloadable materials such as course notes or slides.
How to get started
Upon completion of purchase, go to mylms.bccpa.ca and log in using your CPABC Online Services credentials. Click “Go to your Courses and Materials” to go to your Learning Center, then find and click on your course title.
Course Dates & Registration
- 8
- CPD Hours
- 0
- Ethics Hours
- 0
- AML Hours
- 10
- Credits
Starting April 1, 2026, a 2.1% fee will be applied to all credit card transactions. Learn more about this fee and how it relates to PD registrations.
ASPE and ASNFPO – Financial Instruments (3856) (On-Demand - CPA PRO)
- 8
- CPD Hours
- 0
- Ethics Hours
- 0
- AML Hours
- 10
- Credits
Overview
This seminar provides an in-depth review of Section 3856, Financial Instruments for both private enterprises and not-for-profit organizations. Coverage includes the purpose and scope of the standard, defined terms, recognition, measurement, presentation, disclosure, derecognition and first-time adoption.
Access expires 180 days from purchase date |
Course Description
Participants will have the opportunity to review a number of illustrative examples and exercises. After attending this seminar, participants will have reviewed in-depth the accounting for financial instruments for both private enterprises and not-for-profit organizations.
Applicable for
Learning Objectives
- Describe the requirements of Section 3856, Financial Instruments for both private enterprises and not-for-profit organizations including recognition, measurement, presentation, derecognition and disclosure.
- Describe the alternative measurement methods for financial instruments and implications on the financial statements
- Account for the impairment of financial instruments
- Account for the initial measurement and presentation for related party transactions
- The initial measurement, subsequent measurement and presentation for shares issued in a tax planning arrangement
- Describe the basic concepts of hedge accounting
Content
- Overview
- Purpose and scope
- Examples of financial instruments
- Definitions
- Recognition
- Initial measurement
- Arms-length transactions
- Finance fees and transaction costs
- Subsequent measurement
- Amortized cost
- Fair value
- How to determine fair value
- Cost
- Impairment
- Derecognition
- Derivatives and hedge accounting
- Complex Issues
- Related party transactions
- Shares issued in a tax planning arrangement
- Transfer of receivables
- Presentation
- Investments
- Substance over form
- Debt, equity or hybrid financial instrument
- Compound financial instruments
- Offsetting
- Disclosure
- First-time adoption
- Resources (with links)
Course Content Created: July 2025
The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.Presenter
Liz Farrell, FCPA, FCAAbout This Product
On-Demand Courses by CPA PRO are either video recordings from live seminars, or video recordings produced specifically for the on-demand audience. Slides and any corresponding handout materials are included where available.These titles are eligible for Verifiable CPD Hours – in order to claim these hours as verifiable, you will be required to successfully complete a short quiz. You will be able to print or save your electronic certificate of completion.
Note that some courses comprise both formal instruction and self-directed exercises. In such cases, participants must complete both components to claim full CPD hours, or must reduce their reported CPD hours accordingly.
Please note that not all on-demand courses include downloadable materials such as course notes or slides.
How to get started
Upon completion of purchase, go to mylms.bccpa.ca and log in using your CPABC Online Services credentials. Click “Go to your Courses and Materials” to go to your Learning Center, then find and click on your course title.
Course Dates & Registration
Starting April 1, 2026, a 2.1% fee will be applied to all credit card transactions. Learn more about this fee and how it relates to PD registrations.