Transcription of IND AS:32 – Financial Instruments
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IND AS:32 – Financial Instruments
ind as : 32 financial instruments : Presentation Objective and Scope Definition Liabilities vs. Equity Compounding Instruments Treasury Shares Off setting First time Adoption 1 OBJECTIVE AND SCOPE 2 Objectives To establish principles for presenting Financial Instruments as liability or equity and for offsetting Financial assets and liabilities 3 Scope Exclusion Those interests in subsidiaries, associates or joint ventures that are accounted for in accordance with ind as 110, Consolidated Financial Statements, ind as 27, Separate Financial Statements, or ind as 28,Investments in Associates and joint ventures. Employers rights and obligations under employee benefit plans, to which ind as 19, Employee Benefits, applies. Insurance contracts and Financial Instruments that are within the scope of ind as 104 Financial Instruments , contracts and obligations under share-based payment transactions to which ind as 102, Share-based Payment 4 DEFINATIONS 5 Definitions Financial Instrument Financial Instruments : A Financial instrument is any contract that gives rise to a Financial asset of one entity and a Financial liability or equity instrument of another entity.
Objectives •To establish principles for presenting financial instruments as liability or equity and for offsetting financial assets and liabilities
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