Financial Instruments
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Questions and Answers

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?

  • 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?

  • 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?

    <p>Presentation of financial instruments (C)</p> Signup and view all the answers

    What does SLFRS 9 cover?

    <p>Recognition and measurement of financial instruments (D)</p> Signup and view all the answers

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