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:

Urine

A liquid by-product of metabolism in humans and many animals, excreted by the kidneys and consisting of water, salts, urea, and other waste substances.

Urinary Bladder

Organ where urine is stored.

Openings

Natural or manufactured spaces that allow passage or access from one area to another.

Bladder

A hollow organ in the lower abdomen that stores urine from the kidneys before it is excreted from the body.