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What are financial liabilities

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › What are financial liabilities

  • This topic has 3 replies, 2 voices, and was last updated 9 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • September 19, 2015 at 11:07 pm #272519
    mansoor
    Participant
    • Topics: 424
    • Replies: 542
    • ☆☆☆☆

    the text writes:

    “financial liabilities – any liability that is a contractual obligation.”

    it then lists 3 items and i am reproducing the last one:

    “that will or maybe settled in the entity’s own equity instruments”

    i dont get this part. can u give an example and please expand on this sentnece.

    thanks

    September 20, 2015 at 12:36 am #272523
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    It’s a share-based payment – we have an obligation that, when settled, will or may involve us issuing shares.

    Ok?

    September 20, 2015 at 12:39 am #272525
    mansoor
    Participant
    • Topics: 424
    • Replies: 542
    • ☆☆☆☆

    yup..:)

    September 20, 2015 at 9:00 am #272535
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    Good 🙂

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