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IAS 39

This topic has 1 reply, 2 voices, and was last updated 9 years ago by MikeLittle.

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March 5, 2016 at 1:59 pm #303602
abdulbasit16
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The recording of an electricity expense for which the invoice has not yet been received.
How is this a financial instrument?
March 5, 2016 at 4:45 pm #303640
MikeLittle
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Technically it is, the same as an amount outstanding from a receivable is a financial instrument
But don’t get hung up on those – there are bigger, meatier financial instruments to get excited about
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