Which Step Is Not Required for Hedge Accounting Under IFRS

question 51

Multiple Choice

Which step is not required for hedge accounting under IFRS?

• A)Demonstration of hedge's effectiveness.
• B)Identification of the risk exposure.
• C)Payment of fees to the counterparty.
• D)Designation of the hedging instrument.

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Definitions:

Hepatic Involvement

The impact or effect of a condition, disease, or substance on the liver.

Salicylate Poisoning

A toxic condition that occurs due to an overdose of salicylates, compounds found in medications like aspirin.

Disorientation

A state of confusion about time, place, or identity, often seen in various neurological and psychiatric disorders.

Chemical Pneumonitis

Inflammation of the lung caused by aspirating or inhaling irritant substances, leading to difficulty breathing and potentially causing permanent lung damage.