- This topic has 1 reply, 2 voices, and was last updated 1 year ago by .
- You must be logged in to reply to this topic.
Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
see all ACCA December 2022 Genius Hunt Competition winners >>
Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>
A financial asset is any asset that is:
? an equity instrument of another entity
? a contractual right to receive cash or another financial asset from
? a contractual right to exchange financial instruments with another
entity under conditions that are potentially favourable to the entity
? a non-derivative contract for which the entity is or may be obliged to
receive a variable number of the entity’s own equity instruments’
(IAS 32, para 11).
anyone explain the last point please along with example
For the exam:
contractual right to receive cash
investment in another company’s shares
Refer to post:
If you wish to explore further recommend you post in general forum.
But the exam will ask simple questions (since the syllabus change) and you need to explain in simple terms.