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