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Section 3831 - Non-monetary transactions

Effective date:

January 1, 2011 except for subsequent amendments

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

Date

Development

Comments

December 2009

Part II of the CPA Canada Handbook  issued

Effective for fiscal years beginning on or after January 1, 2011.

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.

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.