IAS-32Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › IAS-32This topic has 1 reply, 2 voices, and was last updated 2 years ago by P2-D2.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts April 30, 2022 at 1:51 am #654628 Isabella1ParticipantTopics: 44Replies: 23☆☆Hello tutor, Can you explain this definition of Financial Liability? Financial Liability is to exchange another financial asset/liability with the (loan notes) holder under conditions that are potentially unfavourable to the (loan notes) issuer. April 30, 2022 at 10:58 am #654653 P2-D2KeymasterTopics: 4Replies: 7065☆☆☆☆☆Hi,I wouldn’t worry about this too much at this level but essentially we are looking at a loss making forward contract.ThanksAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In