Conceptual Approaches in Financial Instruments Sphere

Georgeta Covaliov-Rusu ()

Ovidius University Annals, Economic Sciences Series, 2016, vol. XVI, issue 1, 492-496

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.

Keywords: financial instruments; financial asset; financial liability; equity instrument. (search for similar items in EconPapers)
JEL-codes: G23 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xvi:y:2016:i:1:p:492-496

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