Title: Conceptual Approaches in Financial Instruments Sphere
Abstract: The article examines the conceptual approaches in the sphere of financial instruments according to international regulations. The article analyzes the conceptual boundaries of financial instruments, their classification into financial asset, financial liability and equity instrument. An explicit illustration of how to recognize the financial asset and financial liability provides financial statement users more opportunities on how to understand the concept of financial instrument. The conclusion is that with the complex confrontation of financial instruments, a more accurate and clear accounting is needed in order to exclude the mystery witch surrounds them.
Publication Year: 2016
Publication Date: 2016-01-01
Language: en
Type: article
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