Definition - Financial Instruments under IAS 39

Friday, July 20, 2012 - A simplest definition of Financial Instrument is as follows :
(continued from previous post)...

Financial Instrument is :

  • a ‘Contract’
  • that gives rise to
    • a ‘Financial Asset’ of one entity and
    • a ‘Financial Liability’ or ‘Equity Instrument’ of another entity.

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