IAS 32 considers the question of whether a transaction is a financial liability or an ________________ at two levels

IAS 32 examines whether an individual instrument (or class of instruments) issued by the ___________ is a financial liability or equity.

IAS 32 classify as _________________: an instrument that is virtually certain to result in regular cash payments by the entity

IAS 32 focuses on the contractual rights and obligations arising from the terms of an instrument, rather than on the probability of those rights and obligations leading to an outflow of cash or other resources from the entity, as would be the case for a provision accounted for under IAS _____________ – Provisions, Contingent Liabilities and Contingent Assets.

Which of the following is considered a liability on a balance sheet?

The standard, and its associated IFRIC interpretations, address settling a financial liability with an