Which of the Following Disclosure Are Required Under IFRS 13

question 23

Multiple Choice

Which of the following disclosure are required under IFRS 13?

• A) the valuation techniques used to measure fair value
• B) the level of the fair value hierarchy within which the fair value measurements are categorised
• C) quantitative information about the significant unobservable inputs used in the fair value measurement
• D) all of the options are correct.

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Definitions:

Effective Annual Cost

The total cost of a loan or investment, expressed as an annual rate, including interest and any fees or additional costs.

Credit Terms

Refers to the conditions, including payment timelines and interest rates, under which credit is extended to borrowers.

Receivables Period

The average time that it takes for a business to receive payments owed by its customers for goods or services rendered.

Cash Sales Policy

A policy where transactions are only completed with immediate payment of cash, rather than credit or other delayed payment methods.