A financial asset is past due when a counterparty has failed to make a payment when contractually due.
Past due is specifically discussed in IFRS 7 Financial Instruments: Disclosures.
Source: Glossary of Terms of IFRSs as at 31 December 2008.
A financial asset is past due when a counterparty has failed to make a payment when contractually due.
Past due is specifically discussed in IFRS 7 Financial Instruments: Disclosures.
Source: Glossary of Terms of IFRSs as at 31 December 2008.
