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IFRS 9 FINANICAL INSTRUMENT

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS 9 FINANICAL INSTRUMENT

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.
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  • Author
    Posts
  • May 8, 2021 at 12:59 pm #620047
    ihsanullah
    Participant
    • Topics: 1
    • Replies: 1
    • ☆

    A financial asset is any asset that is:
    ? ‘cash
    ? an equity instrument of another entity
    ? a contractual right to receive cash or another financial asset from
    another entity
    ? 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

    May 9, 2021 at 9:47 am #620132
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3411
    • ☆☆☆☆☆

    For the exam:

    FA =

    contractual right to receive cash
    investment in another company’s shares

    Refer to post:

    https://opentuition.com/topic/definition-of-financial-assets-and-liabilities/

    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.

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