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- IAS 39 – Financial Instruments: Recognition and Measurement 0%
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Question 1 of 8
1. Question
Which of the following is not a type of hedging relationships?
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Question 2 of 8
2. Question
Which of the following conditions need to be met in order to qualify a hedging relationship for hedge accounting?
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Question 3 of 8
3. Question
Under which of the following conditions shall an entity discontinue prospectively the hedge accounting?
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Question 4 of 8
4. Question
A financial asset measured at amortised cost may be designated as a hedging instrument in a hedge of foreign currency risk.
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Question 5 of 8
5. Question
An entity’s own equity instruments __________ financial assets or financial liabilities of the entity and therefore __________ designated as hedging instruments.
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Question 6 of 8
6. Question
An equity method investment can be a hedged item in a fair value hedge because the equity method recognises in profit or loss changes in the investment’s fair value rather than the investor’s share of the associate’s profit or loss.
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Question 7 of 8
7. Question
Which of the following is true with regards to an entity’s liability whose effective interest rate is below LIBOR?
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Question 8 of 8
8. Question
Which of the following is not true with regards to a bank that has CU100 of assets and CU90 of liabilities with risks and terms of a similar nature and hedges the net CU10 exposure?
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