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imported>Administrator |
imported>Doug Williamson |
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| A financial asset is an asset whose value is dependent on the obligation of another person or entity.
| | ''Law''. |
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| IAS 32 defines a financial asset as an asset that is <u>any of</u> the following:
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| 1. Cash; <u>or</u>
| | Delegated legislation. |
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| 2. An equity instrument of another entity; <u>or</u>
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| 3. A contractual right to:
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| 3.1. Receive cash or another financial asset from another entity; <u>or</u>
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| 3.2. Exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the reporting entity; <u>or</u>
| | In EU law, sources of EU law other than Treaties (which are the primary source of EU law). |
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| | EU secondary legislation includes Regulations, Directives and Decisions. |
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| 4. A contract that will or may be settled in the reporting entity's own equity instruments and is <u>either</u>:
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| 4.1. A non-derivative for which the entity is or may be obliged to receive a variable number of the entity's own equity instruments; <u>or</u>
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| 4.2. A derivative that will or may be settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity's own equity instruments.
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| == See also == | | == See also == |
| * [[Amortised cost]] | | * [[Decision]] |
| * [[Assets]] | | * [[Delegated legislation]] |
| * [[Financial instrument]] | | * [[Directive]] |
| * [[Financial liability]] | | * [[Legislation]] |
| * [[IAS 32]] | | * [[Primary legislation]] |
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| | * [[Regulation]] |
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| | [[Category:Regulation_and_Law]] |
Revision as of 10:50, 8 October 2013
Law.
1.
Delegated legislation.
2.
In EU law, sources of EU law other than Treaties (which are the primary source of EU law).
EU secondary legislation includes Regulations, Directives and Decisions.
See also
