Handbook Update – Section 3856, Financial Instruments

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Feb 10, 2022

On February 1, 2022, the Accounting Standards Board (AcSB) amended Section 3856, "Financial Instruments", to provide relief to debt modification accounting and hedge accounting during the benchmark interest rate reform. These amendments are effective for fiscal years ending on or after February 1, 2022. Earlier application is permitted, including in financial statements not yet authorized for issue.

Review the amendments on the CPA Canada's website.

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Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.