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- IFRS 7 – Financial Instruments: Disclosures 0%
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Question 1 of 10
1. Question
The objective of this IFRS is to require entities to provide disclosures in their financial statements that enable users to evaluate:
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Question 2 of 10
2. Question
The principles in IFRS 7 __________ the principles for recognising, measuring and presenting financial assets and financial liabilities in IAS 32 Financial Instruments: Presentation __________ IFRS 9 Financial Instruments.
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Question 3 of 10
3. Question
Which of the following is subject to application of IFRS 7?
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Question 4 of 10
4. Question
IFRS 7 applies to contracts to buy or sell a non-financial item that are outside the scope of IFRS 9.
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Question 5 of 10
5. Question
If the entity has designated as measured at fair value through profit or loss a financial asset (or group of financial assets) that would otherwise be measured at fair value through other comprehensive income or amortised cost, it shall disclose:
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Question 6 of 10
6. Question
Which of the following shall an entity disclose in case it holds collateral and is permitted to sell or repledge the collateral in the absence of default by the owner of the collateral?
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Question 7 of 10
7. Question
Which of the following shall an entity disclose for loans payable recognised at the end of the reporting period?
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Question 8 of 10
8. Question
An entity shall disclose an analysis of the gain or loss recognised in the statement of comprehensive income arising from the derecognition of financial assets measured at amortised cost, showing separately gains and losses arising from derecognition of those financial assets.
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Question 9 of 10
9. Question
According to IFRS 7 which of the following is not a requirement for hedge accounting disclosures?
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Question 10 of 10
10. Question
An entity shall disclose by __________ a description of the __________ expected to affect the hedging relationship during its term.
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