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.

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