PAS 32

20問 • 10ヶ月前

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It provides guidance in presenting financial instruments as liabilities or equity, in offsetting financial assets and financial liabilities, and in classifying financial instruments, from the perspective of the issuer, into financial assets, financial liabilities and equity instruments.

PAS 32

It complements PFRS, 9 Financial Instruments, which prescribes the recognition and measurement of financial assets and financial liabilities, and PFRS 7 Financial Instruments: Disclosures, which prescribes the disclosures for financial instruments.

PAS 32

is "any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity."

financial instrument

It is cash, equity instrument of another entity, contractual right to receive cash or to exchange financial instrument under favorable condition.

financial asset

It is contractual obligation to pay cash or exchange financial instrument under unfavorable condition.

financial liability

if the entity does not have such a contractual obligation. The imstrument is classified as?

equity instrument

It is permitted if the entity has both the legal right of setoff and the intention to settle the amounts on a net basis.

offsetting

is "any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities."

equity instrument

It is a financial instrument. It is a contract that gives rise to both a financial asset (i.e., Cash in bank) on the part of the depositor and a financial liability (i.e., Deposit liability) on the part of the bank.

Bank Deposit

It is the most basic financial instrument because it is. the medium of exchange and the basis of measurement of all financial statement elements.

cash

- are preferred stocks which the holder has the right to redeem at a set date.

Redeemable preference shares

are preferred stocks which the issuer has the right to call at a set date.

callable preference share

It is a financial instrument that, from the issuer's perspective, contains both a liability and an equity component

compound financial instrument

What is an example of a compound instrument

a. convertible bomds

It is a bonds that can be converted into shares of stocks of the issuer.

convertible bonds

When an entity issues convertible bonds, in effect, it is issuing two instruments and these two components are presented separately in the statement of financial position.

debt and equity

The sum of the carrying amounts allocated to the liability and equity components is always

equal to the fair value of the whole instrument

are an entity's own shares that were previously issued but were subsequently reacquired but not retired.

treasury shares

Treasury shares are presented separately either in the statement of financial position or in the notes as

deduction from equity.

If an entity issues preferred shares that pay a fixed rate of dividend and that have a mandatory redemption feature at a future date, the substance is that they are a contractual obligation to deliver cash and, therefore, should be recognised as what?

liability

Cfas (overview of accounting)

ユーザ名非公開 · 75問 · 11ヶ月前

Cfas (overview of accounting)