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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Financial asset vs liability
If for example, banana acquired $10m 5% bond at par with interest being due at 30 june each year and intend to hold the bond to collect contractual cash flow.
Is this a financial asset for banana? If yes, in what ways does it become a FA?
Bcs I’m still confused FA with FL
Acquire = buy = hold = FA = contractual right to receive cash
This really helpful. Thnk you Stephen!
My pleasure