CFAS Chapter 24 Problem 1
CFAS Chapter 24 Problem 1
1. PFRS7 requires the disclosure of the significance of financial instruments to the entity’s
financial position and performance. Which of the following is not included in this disclosure?
Information on financial instruments arising from employee benefit plans and share-based
payment transactions.
2. PFRS 7 requires the disclosure of the nature and extent of risks arising from financial
instruments. Which of the following is not included in this disclosure? Qualitative and
quantitative information about operational risk.