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Stephen Widberg.
Stephen Widberg.-
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ihsanullah
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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
Stephen Widberg
- Topics: 10
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For the exam:
FA =
contractual right to receive cash
investment in another company’s sharesRefer 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.
ihsanullah
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