Definition - Financial Instruments under IAS 39

Friday, July 20, 2012

www.ChartAcc.com - 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.


for details visit next post.

Stay connected to ChartAcc, a professional ShareSpace.

Visit http://www.ChartAcc.com

0 comments:

ChartAcc Logo by Vikrmn CA Vikram Verma Vikrmn.com
CHARTACC
Share space for Chartered Accountants
and Financial Professionals