Financial asset and G-5: Difference between pages

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A financial asset is an asset whose value is dependent on the obligation of another person or entity.
1.


Loosely, the G-5 is a group of 5 major industrialised countries comprising France, Germany, Japan, the United Kingdom and the United States. 


IAS 32 defines a financial asset as an asset that is <u>any of</u> the following:


2.


:'''1.''' Cash; <u>or</u>
More strictly, a meeting of the heads of government or the heads of central banks from those countries.




:'''2.''' An equity instrument of another entity; <u>or</u>
''Also known as the Group of Five or 'G5'.''  




:'''3.''' A contractual right to:
3.
:*Receive cash or another financial asset from another entity; <u>or</u>
:*Exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the reporting entity; <u>or</u>


The G5 (without a hyphen) is also a group of 5 developing countries comprising Brazil, China, India, Mexico and South Africa.


:'''4.''' A contract that will or may be settled in the reporting entity's own equity instruments and is <u>either</u>:
:*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>
:*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.


== See also ==
* [[BRICS]]
* [[Central bank]]
* [[G20]]
* [[G7]]
* [[G77]]
* [[G8]]


== See also ==
[[Category:The_business_context]]
* [[Amortised cost]]
* [[Assets]]
* [[Entity]]
* [[Equity instrument]]
* [[Financial instrument]]
* [[Financial liability]]
* [[IAS 32]]
* [[Reporting entity]]

Revision as of 16:34, 16 February 2019

1.

Loosely, the G-5 is a group of 5 major industrialised countries comprising France, Germany, Japan, the United Kingdom and the United States.


2.

More strictly, a meeting of the heads of government or the heads of central banks from those countries.


Also known as the Group of Five or 'G5'.


3.

The G5 (without a hyphen) is also a group of 5 developing countries comprising Brazil, China, India, Mexico and South Africa.


See also

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