20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2024 exams.
Get your discount code >>

Financial Assets

This topic has 1 reply, 2 voices, and was last updated 1 year ago by Stephen Widberg.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
February 19, 2023 at 12:29 pm #679134
jingdong
Participant
- Topics: 89
- Replies: 115
Dear Tutor, would you please help me to give an example of this kind of financial assets?
eg: a non derivative contract for which the entity is or may be obliged to receive a variable number of entity’s own equity instrument IAS 32
Many thanks
February 20, 2023 at 8:32 am #679175
Stephen Widberg
Keymaster
- Topics: 15
- Replies: 3337
A borrows $1 million from B.
A can settle in cash or by giving B $1 million worth of A shares.
That’s my best guess.
BUT THE EXAM IS 5000% EASIER THAN YOUR QUESTION!!!!! PLEASE WATCH OUR 2022 DEBRIEFS TO UNDERSTAND THE SORT OF THINGS YOU WILL BE ASKED!!!!!!
🙂
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.