CIMA Exam CIMAPRA19-F03-1 Topic 5 Question 23 Discussion

Actual exam question for CIMA's CIMAPRA19-F03-1 exam

Question #: 23
Topic #: 5

Whichof the following statements about IFRS 7 Financial Instruments: Disclosures istrue?

AIFRS 7onlyappliestoentitiesthataredesignatedasfinancialinstitutionsbyaregulatoryauthority.

BIFRS 7 requires disclosures to be given for eachseparate class of financial instruments.

CThe main requirement of IFRS 7 is for qualitative disclosures relating to financial instruments and market risks.

DIFRS 7 requires sensitivity analysis in relation to credit risk.

Show Suggested Answer

Suggested Answer: B

by Iluminada at May 04, 2022, 08:48 AM

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