IAS-32

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April 30, 2022 at 1:51 am #654628
Isabella1
Participant
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Hello tutor,
Can you explain this definition of Financial Liability?
Financial Liability is to exchange another financial asset/liability with the (loan notes) holder under conditions that are potentially unfavourable to the (loan notes) issuer.
April 30, 2022 at 10:58 am #654653
P2-D2
Keymaster
- Topics: 4
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Hi,

I wouldn’t worry about this too much at this level but essentially we are looking at a loss making forward contract.

Thanks
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