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Viewing 4 posts - 1 through 4 (of 4 total)
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  • August 28, 2016 at 6:21 am #335662
    bennyakm
    Member
    • Topics: 6
    • Replies: 6
    • ☆

    Hope you are doing well,

    I would like to know which standard is relevant for option contract , in Previous Paper Dec 10 , Question 2 , answer says FRS 26, is that still relevant or we can now use IFRS 9 while settled in Net either pay or receive cash. Kindly advice

    Thanks
    Benn

    August 29, 2016 at 9:51 pm #336115
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7065
    • ☆☆☆☆☆

    Hi,

    I’m well thanks. I’d use IFRS 9 as that covers financial instruments. If you’re looking at exam answers that refer to FRS 26 then you must be looking at the UK version.

    Thanks

    August 31, 2016 at 5:03 am #336433
    bennyakm
    Member
    • Topics: 6
    • Replies: 6
    • ☆

    Thanks a mill

    Regards
    Benn

    August 31, 2016 at 12:41 pm #336526
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7065
    • ☆☆☆☆☆

    No worries, you’re welcome.

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