Sir, for PYQ Sep/Dec 2017 Q3(b)
The examiner answer states that the contract is not within scope of IFRS 9
I would like to ask is it due to the executory contract / own use contract in this case or other reason? as usually the contract for the non-financial asset that settled in cash will within the scope of IFRS 9
Thank you.
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Darlatt
Should it be embedded derivative?
6y ago#2Not sure what you are doing with old syllabus questions!
Derivative - settled in cash - IFRS 9
Derivative - not settled in cash - not IFRS 9
End of knowledge!
Embedded derivative - bond whose redemption value is linked, for example, to a Stock Exchange index
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