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Financial asset that will or may be settled in own equity instruments

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Financial asset that will or may be settled in own equity instruments

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.
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  • November 27, 2020 at 5:48 pm #596755
    feliciacfy
    Member
    • Topics: 4
    • Replies: 1
    • ☆

    As per the definitions of financial asset under IFRS 9, one of them is a contract that will or may be settled in the entity’s own equity instruments.

    I’m quite confused that under what circumstances will an entity have a financial asset that allows itself to receive its own equity instrument?

    November 28, 2020 at 2:12 pm #596852
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3411
    • ☆☆☆☆☆

    A bit over the top for this exam. Keep it simple!

    But, if you are interested, Deloitte have a guide:

    https://www2.deloitte.com/content/dam/Deloitte/us/Documents/audit/ASC/Roadmaps/us-aers-a-roadmap-to-accounting-for-contracts-on-an-entitys-own-equity.pdf

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