Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
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. The course supports a deeper understanding of how financial instrument requirements apply in practice and strengthens participants’ ability to interpret and apply the standard effectively.
Topics include:
- 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 decognition.
- Illustrative examples, exercises, and sample disclosures that reinforce participants’ understanding of the practical application of ASPE: Financial Instruments.
NOTE: This course description has been revised and reflects updates for 2026. If you have any questions, please contact pdevents@cpaontario.ca.
Key Takeaways
By the end of this course, participants should be able to:
- 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.
Who Will Benefit
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.
Prerequisite(s)
- Participants should be familiar with the CPA Handbook – Accounting Part II.
How to Access the Course
This course is delivered as a live webinar. To receive verifiable CPD hours, you must attend the session live. We recommend joining at least 5 minutes before the scheduled start time. For the best interactive experience, please use a computer equipped with a camera and microphone.
A reminder email with the Zoom link and course details will be sent two business days before the session. If you do not receive it, please check your spam or junk folder.
The same information, including any available materials, will also be posted in advance on our Blackboard LMS.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Glenn Ventrcek, CPA, CA is a Partner at BDO Canada LLP and has over 25 years of experience in public accounting providing auditing, accounting and taxation services to a broad client base including a variety of not-for-profit sector clients, pension plans, municipalities and owner-managed businesses. Glenn has instructed courses at Ryerson University and is an active Board member of a national charity. He has also been a speaker at various NFP and IFRS sessions for CPA Ontario.