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* Contractual right to receive cash or another financial asset from another entity or to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity,
* Contract that will or may be settled in the entity's own equity instruments and is either a non-derivative for which the entity is or may be obliged to receive a variable number of the entity's own equity instruments, or a derivative that will or may be settled other than by exchange of a fixed amount of cash or another financial asset for a fixed number of the entity's own equity instruments.<ref>International Accounting Standard (IAS) 32.11</ref>
According to 'Linus Tweufilwa Haitembu' Financial assets are intangible assets that represent the monetary value of that specific asset. Financial assets are more liquid assets than tangible assets.
== Treatment of financial assets under IFRS==
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