The Canadian Accounting Standards Board (AcSB) has finalized some new sections of the Handbook which include guidance on accounting for financial instru­ments. Financial instru­ments include invest­ments, hedges, deriv­a­tives, and loans and receiv­ables. The Canadian standard attempts to harmonize our GAAP in a way with FASB Statement 133, “Accounting for Deriv­ative Instru­ments and Hedging Activ­ities,” and […]

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