Financial Instrument |Intro & Recognition| (IAS 32, IFRS 9 & IFRS 7) #ican #ias #icag

RONAS Academy
RONAS Academy
2 هزار بار بازدید - 6 ماه پیش - A major item of almost
A major item of almost all businesses is a Financial Instrument. There are several classifications of Financial Instruments such as Financial Assets, Financial Liabilities, Derivatives, etc. The several types of Financial Instruments make it complex to account for. Therefore, a step-by-step approach is needed to appropriately account for all types of Financial Instruments. Three accounting standards (IFRS 9, IFRS 7, and IAS 32) provide various guidance on accounting for an item of Financial Instrument; thus, IAS 32 talks about the classification and presentation of Financial Instruments, IFRS 9 prescribes the recognition and measurement of Financial Instruments and IFRS 7 outline the disclosure requirements of Financial Instruments. This video looks at the introduction and how to recognize financial instruments in the books of an entity. Subsequent videos will be devoted to the various types of Financial Instruments.
Still RONAS: Comprehending the Complications.

00:00 Introduction
08:00 Definition of Financial Instrument
23:10 Recognition of Financial Instrument








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