Financial asset that will or may be settled in own equity instrumentsForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Financial asset that will or may be settled in own equity instrumentsThis topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts November 27, 2020 at 5:48 pm #596755 feliciacfyMemberTopics: 4Replies: 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 WidbergKeymasterTopics: 16Replies: 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.pdfAuthorPostsViewing 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