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non-financial vs non monetary asset/liability

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › non-financial vs non monetary asset/liability

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  • April 23, 2021 at 3:21 am #618559
    Noah098
    Member
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    sir is there any difference between non-financial asset/liability and non-monetary asset/liability?

    April 23, 2021 at 1:05 pm #618596
    Stephen Widberg
    Keymaster
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    If discussing financial instruments – use financial asset / liability

    If discussing FX – use monetary / non-monetary

    There may be no examples of differences that I can think of, but you will muddle the examiner if you start to discuss it!

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