Which of the following is NOT a condition for hedge accounting to be applied?
A) There must be formal designation and documentation of the hedging relationship at the inception of the hedge.
B) The effectiveness of the hedge must be able to be reliably measured.
C) The hedge must be expected to be effective
D) For cash flow hedges, the forecast transaction must be highly probable.
Correct Answer:
Verified
Q1: The formal documentation of a hedging relationship
Q2: Company A issued convertible notes 3 years
Q2: All of the following would be regarded
Q3: Which of the following items is classified
Q7: According to IAS 32 Financial Instruments: Presentation,
Q7: The degree to which changes in the
Q9: Which of the following events provide objective
Q10: When accounting for a cash flow hedge,
Q13: When first issued, IAS 39 was:
A) More
Q17: To be regarded as 'highly effective' in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents