FINANCIAL LIABILITIES & DEBT

RESTRUCTURING

1. What is financial liabilities?

a. Contract obligation
i. To deliver cash or another
financial asset to another
entity
ii. To exchange financial assets
or financial liabilities with
another entity under
conditions that are potentially
unfavorable to the entity.

b. Contract that will or may be settled

in the entity’s own equity
instruments:
i. Non-derivative for which the
entity is or may be obliged to
deliver a variable number of
the entity’s own equity
instruments
ii.
2. MAJOR CLASSIFICATION OF FINANCIAL
LIABILITIES.
3. Explain financial liabilities at FVPL
4. What is the initial measurement of
FL@FVPL?
5. SUBSEQUENT MEASUREMENT of
FL@FVPL
6.