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imported>Doug Williamson |
imported>Administrator |
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| ''Financial markets.''
| | A pool of capital provided by small as well as institutional investors and invested in a portfolio of securities. |
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| A financial asset is an asset whose value is dependent on the obligation of another person or entity. | |
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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>
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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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| :*Receive cash or another financial asset from another entity; <u>or</u>
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| :*Exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the reporting entity; <u>or</u>
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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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| :*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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| :*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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| | There are two types of mutual funds: open-ended and close-ended mutual funds. While close-ended mutual funds have a predetermined amount of capital to be invested, open-ended mutual funds do not. |
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| == See also == | | == See also == |
| * [[Amortised cost]]
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| * [[Assets]]
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| * [[Capital]] | | * [[Capital]] |
| * [[Capital instrument]] | | * [[Domestic fund]] |
| * [[Capital market]] | | * [[Global fund]] |
| * [[Entity]]
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| * [[Equity instrument]]
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| * [[Financial instrument]]
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| * [[Financial liability]]
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| * [[Financial markets]]
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| * [[IAS 32]]
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| * [[Money market]]
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| * [[Primary market]]
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| * [[Reporting entity]]
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| * [[Secondary market]]
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| [[Category:Accounting,_tax_and_regulation]]
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Revision as of 14:20, 23 October 2012
A pool of capital provided by small as well as institutional investors and invested in a portfolio of securities.
There are two types of mutual funds: open-ended and close-ended mutual funds. While close-ended mutual funds have a predetermined amount of capital to be invested, open-ended mutual funds do not.
See also