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- IFRS 9 – Financial Instruments 0%
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Question 1 of 10
1. Question
Which statement below is not a criterion of dividends recognition in profit or loss under IFRS 9?
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Question 2 of 10
2. Question
The objective of hedge accounting is to represent, in the financial statements, the effect of an entity’s ________________ that use financial instruments to manage ________________ arising from particular risks that could affect profit or loss.
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Question 3 of 10
3. Question
A qualifying instrument must be designated in its entirety as a hedging instrument, except for these cases:
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Question 4 of 10
4. Question
Which of the following cannot be a hedged item?
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Question 5 of 10
5. Question
Which of the following does not represent types of hedging relationship according to IFRS 9?
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Question 6 of 10
6. Question
Under which circumstances a layer component of an overall group of items is not eligible for hedge accounting?
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Question 7 of 10
7. Question
Which of the following events are evidences that a financial asset is credit-impaired?
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Question 8 of 10
8. Question
Which of the following statements do not describe the term ‘held for trading’?
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Question 9 of 10
9. Question
The hedging instrument is a forward contract to buy GBP 1,000,000, spot rate at inception is EUR 1.50 for GBP 1, forward rate is EUR 1.70 for GBP 1, spot rate at maturity is EUR 1.65 for GBP 1, start date is 1 September 2016, and maturity date is 31 August 2017. Find the amount of the hedging instrument (use discounting factor of 1 in your calculations).
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Question 10 of 10
10. Question
An entity X borrowed $50 million on 1 December 2015 when both market and effective interest rate were 5%. The loan is repayable in 3 years. What is the amortised cost of the loan as at 1 December 2015?
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