Financial Instruments IAS 32

Will you please help me here to get the IAS 32 Financial Instruments guide issued by International Financial Reporting Standards?

[Rajkumar Agarwal]

Don’t worry I will get the International Financial Reporting Standards, IAS 32 Financial Instruments guide.

Here are some details for you

The objective of this Standard is toestablish principles for presenting financial instruments as liabilities or equity and for offsetting financial assets and financial liabilities.

The principles in this Standard complement the principles for recognising and measuring financial assets and financial liabilities in IFRS 9 Financial Instruments

The issuer of a financial instrument shall classify the instrument, or its component parts, on initial recognition as a financial liability

A financial asset is any asset that is:
(a) cash;

(b) an equity instrument of another entity;

(c) a contractual right:
(i) to receive cash or another financial asset from another entity; or
(ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity.

IAS 32 Financial Instruments report





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