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Ask the Tutor ACCA SBR

Financial Assets

Jjingdong3y ago
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
stephenwidbergstephenwidbergTutor3y ago#1
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!!!!!! :)
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