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Questions and Answers
Which standards are applicable to financial instruments?
Which standards are applicable to financial instruments?
- LKAS 32
- SLFRS 9
- SLFRS 7
- All of the above (correct)
What are the intended learning outcomes of this lesson?
What are the intended learning outcomes of this lesson?
- Explain financial assets
- Discuss recognition and derecognition requirements of financial assets and financial liabilities
- Discuss the classification of financial assets and financial liabilities, and their measurement
- All of the above (correct)
What is the purpose of SLFRS 7?
What is the purpose of SLFRS 7?
- Recognition of financial assets and liabilities
- Measurement of financial assets
- Presentation of financial instruments
- Disclosure of financial instruments (correct)
What does LKAS 32 primarily deal with?
What does LKAS 32 primarily deal with?
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What does SLFRS 9 cover?
What does SLFRS 9 cover?
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