The Requirements for Presentation and Disclosure of Receivables Under IFRS

question 23

Multiple Choice

The requirements for presentation and disclosure of receivables under IFRS are different than those required by ASPE. Which of the following statements is true about these disclosures?

• A) More information is required under ASPE than IFRS.
• B) IFRS requires extensive quantitative and qualitative information about all accounts.
• C) Under ASPE, a reconciliation of changes in the allowance account during the period must be reported.
• D) Far less information about risk exposures and fair values is required under ASPE.

---

Definitions:

Change Agents

Change agents are individuals or entities that act as catalysts for change, advocating for and facilitating transformation within an organization or society.

New Rewards

New Rewards signify fresh or innovative incentives used to motivate or acknowledge the achievements and contributions of individuals or teams.

Refreeze

Is the final stage in Lewin's change management model, where new behaviors or changes are solidified into the organization's culture.

Change Agents

Individuals or entities that act as catalysts for change within an organization, facilitating and implementing transformation efforts.