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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › June 2011 Q3 Alexandra
Sir regarding Q3(a) when i first read the scenario it seemed to me that alexandra was classifying the loan as a long term liability i thought alexandra should have classified the loan as a financial liability because they have an obligation to deliver cash for the issued bond loan but then when i checked the answer the answer said alexandra should have classified the loan as short term debt(current liabilty).This has made me very confused,because now i dont know how will i be able to spot in a question that the scenario is related to financial instruments,or will the examiner mention IFRS 9 financial instruments in the question?
The examiner will most likely mention the words “financial instrument” or similar