IFRS 9

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April 21, 2020 at 10:14 am #568867
toushiga
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Sir, I have some queries related to the IFRS 9 Financial Instrument

1. What is the executory contract in the IFRS 9?

2. What is the different between executory contract and financial instrument in IFRS 9?

Thank you.
April 21, 2020 at 5:00 pm #568910
Stephen Widberg
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Good question

Future to buy oil, settled in cash = financial instrument IFRS 9

Future to buy oil, settled in oil = executory contract (promise to buy oil in future) = not financial instrument = outside scope of IFRS 9
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