Ifrs 9Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Ifrs 9This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts November 15, 2020 at 6:39 am #595046 grapes799MemberTopics: 19Replies: 7☆Can you please explain bpp qst 37 part b contract with agas. Is the contract is treated as financial instrument? Can gasnature use a hedging instrument? November 17, 2020 at 10:01 am #595283 Stephen WidbergKeymasterTopics: 15Replies: 3341☆☆☆☆☆Knowledge required for examGas futures contract = derivativeSettled in cash = financial asset = FVTPLSettled in gas = executory contract = outside scope of IFRS 9 = so nothing is booked until the gas is received or sent!Keep it simple.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In