Section 3831 - Non-monetary transactions
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Effective date: |
January 1, 2011 except for subsequent amendments |
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Published by the AcSB: |
December 2009 |
Overview
This Section establishes standards for the measurement and disclosure of non-monetary transactions. It defines when an exchange of assets is measured at fair value and when an exchange of assets is measured at the carrying amount.
History of Section 3831
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Date |
Development |
Comments |
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December 2009 |
Part II of the CPA Canada Handbook issued |
Effective for fiscal years beginning on or after January 1, 2011. |
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September 2014 |
Additional guidance |
Paragraph .16 has been amended to refer to guidance in Section 3051 Investments, on the accounting for gains or losses from non-monetary transactions. Effective for fiscal years beginning on or after January 1, 2016. |
Note: The above summary does not include details of consequential amendments made as the result of other projects.