(a) Explain the terms credit risk, liquidity risk and market risk used in IFRS 7. (b) List...
Question:
(a) Explain the terms ‘credit risk’, ‘liquidity risk’ and ‘market risk’ used in IFRS 7.
(b) List the main disclosures required by IFRS 7 in relation to each of these three types of risk.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Answered By
Skand Kumar
i am preparing for graduate aptitude test conducted by iit delhi .so well known how to solve any type of question regarding to ackground of telecommunication engineering. i am well known how the best way to explain answers to the students.
0.00
0 Reviews
10+ Question Solved
Related Book For
Advanced Financial Accounting An International Approach
ISBN: 9780273712749
1st Edition
Authors: Jagdish Kothari, Elisabetta Barone
Question Posted:
Students also viewed these Business questions
-
Global Testing Geneva Ltd. Background. The Global Testing Geneva (GTG) was established in Switzerland in 1893, by two brothers who married into a wealthy family organization. The company had...
-
You are an audit manager in Coram & Co, a firm of Chartered Certified Accountants. The audit of one of your clients, Clark Co, for the year ended 31 May 20X8 is nearly complete and the auditors...
-
(a) Explain the terms "credit risk", "liquidity risk" and "market risk" which are used in international standard IFRS7. (b) Outline the main disclosures required by IFRS7 in relation to each of these...
-
Is CSCH3CO2 ionic or covalent ? Name it QUESTION 7 Is rubidium dichromate ionic or covalent ? Write its formula QUESTION 8 s copper m suhde soric or covaent write its formula QUESTION 9 Is vanadium...
-
If you were to build a pipe organ with open-tube pipes spanning the range of human hearing (20 Hz to 20 kHz), what would be the range of the lengths of pipes required?
-
Browne Cleaning and Gardening Services commenced on 1 June 2017 when Lorne Browne contributed $120 000 into a business bank account. Perhaps more thought could have been given to the business name....
-
Refer to Samsungs financial statements in Appendix A. Compute its debt ratio as of December 31, 2015, and December 31, 2014. Data From Samsung Financial Statement Appendix A Samsung Electronics Co.,...
-
The following transactions pertain to Smith Training Company for 2016: Jan. 30 Established the business when it acquired $45,000 cash from the issue of common stock. Feb. 1 Paid rent for office space...
-
2. In the system below, the coefficient of friction between the block and the table is 0.2. T2 2 kg 5 kg Find the acceleration of the system and the tensions T1 and T2. 10 kg [8]
-
Entity A holds a small number of shares in entity B. The shares are classified as available-for-sale. On 31 March 2010, the shares fair value is EUR 2,400 and the cumulative gain recognised in OCI is...
-
(a) To which financial assets does impairment refer to? When are such financial assets impaired? (b) List examples of evidence of an impairment loss. (c) If there is objective evidence that an...
-
Using the computer, obtain an overlay plot of the pmfs following two distributions: (a) Poisson distribution with = 2. (b) Binomial distribution with n = 100 and p = 0.02. Why would these...
-
A Canadian LIC caters to mostly US-based customers and underwrites insurance policies in US dollars (USD). On the other hand, it maintains a portfolio of investments in Spain in euros (EUR). The...
-
Information: On January 1, 2015, the Herco Company purchased 70% of the outstanding voting share of the Wing Company for $ 850,000 in cash. On that date, the Wing Company had retained earnings of $...
-
D Question 3 For machines U and V. details are provided. What will be the Delta IRR and which machine should be selected? Initial cost Life in years Inflation (for costs and benefits) MARR Project...
-
1. The Salisbury Corporation is considering four mutually exclusive alternatives for a major capital investment project. All alternatives have a useful life of 10 years with no salvage value at the...
-
Is there any way to minimize capital gains if you have to sell shares less than 12 months? I. Calculate James's capital gains liability if he were to sell his Movonix Ltd Shares. Assume that James...
-
What are share appreciation rights? Why are they advantageous to an employee?
-
2. Assume a person bends forward to lift a load "with his back" as shown in Figure P12.42a. The person's spine piv- ots mainly at the fifth lumbar vertebra, with the principal supporting force...
-
On January 1, 20X2, End Corporation acquired all of Cork Corporations assets and liabilities by issuing shares of its common stock. Partial balance sheet data for the companies prior to the business...
-
On January 1, 20X1, Alpha Corporation acquired all of Bravo Companys assets and liabilities by issuing shares of its $3 par value stock to the owners of Bravo Company in a business combination. Alpha...
-
On January 1, 20X1, Alpha Corporation acquired all of Bravo Companys assets and liabilities by issuing shares of its $3 par value stock to the owners of Bravo Company in a business combination. Alpha...
-
During June 200X Mary Jones incurs $8,000 of legal expense. She will pay the expense in July. She uses the accrual basis of accounting. How will these transactions affect her financial statements?
-
You want to save $35,000 in 10 years, and you will earn 4.5% on your investment. How much will your payments be annually? Also, provide the formula and identify N, PV, FV, PMT, and I/R.
-
e view View Help Acrobat When calculating risks in Excel, use the Risk ID field to perform distinct counts. When calculating internal controls in Excel, use the Control ID field to perform distinct...
Study smarter with the SolutionInn App