Financial instrument

From ACT Wiki
Revision as of 15:00, 10 December 2017 by imported>Doug Williamson (Expand page and update links.)
Jump to navigationJump to search

A security or other contract giving the holder of the financial instrument a claim on another party.

For financial reporting purposes, IAS 32 defines a financial instrument as any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.


See also