Which of the following statements about IFRS 7 Financial Instruments: Disclosures is true?
IFRS 7 only applies to entities that are designated as financial institutions by a regulatory authority.
IFRS 7 requires disclosures to be given for each separate class of financial instruments.
The main requirement of IFRS 7 is for qualitative disclosures relating to financial instruments and market risks.
IFRS 7 requires sensitivity analysis in relation to credit risk.
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