WorksheetsFINANCIAL INSTRUMENTS
Total questions: 10
Worksheet time: 6mins
The following are financial instruments..
Equity
Financial Liability
Property, plant and equipment
Financial Assets
The following are examples of equity except
Ordinary share capital
Irredeemable preference shares
Equity shares
Convertible loan stock
The following are examples of financial assets except
Trade receivables
Investment in bonds
Investment in equity
Inventory
The following are examples of financial liabilities
Trade payables
Issue of bonds
Issue of loan stock
cash
The following standards governs the definition of financial instruments
IFRS 9
IFRS 7
IAS 32
IAS 39
In the year 2011, IAS 39 was replaced by
IFRS 7
IFRS 3
IFRS 5
IFRS 9
IFRS 9 governs the recognition and measurement rules of financial instruments.
false
true
Equity will not subject to subsequent measurement by the entities , as it will be observed by shareholders.
True
False
Transaction cost incurred in the process of issuing equity should be debited to P/L as expenses.
False
true
Generally for financial liability, the amount charged as finance costs in P/L should be based on
Coupon rate
EIR
Cost of capital
General borrowing rate
