SBR Financial instruments

اے سی سی اے · اسٹریٹجک پروفیشنل · 8 سوالات

نام: ____________________   تاریخ: ____________

1. Under IFRS 9, a debt instrument held to collect contractual cash flows that are solely payments of principal and interest is measured at:

   • A Cost less impairment only
   • B Amortised cost
   • C Fair value through profit or loss
   • D Fair value through OCI always

2. A loan note is issued at $95,000 net of costs, with a nominal value of $100,000, a coupon of 5 percent and an effective rate of 8 percent. The liability at the end of year 1 is:

   • A $100,000
   • B $97,600
   • C $102,600
   • D $95,000

3. An equity investment not held for trading can be designated at initial recognition at:

   • A Fair value through profit or loss only
   • B Amortised cost
   • C Fair value through other comprehensive income, irrevocably
   • D Cost

4. In the general expected credit loss model, lifetime losses are recognised when:

   • A Credit risk has increased significantly since initial recognition
   • B The asset is derecognised
   • C Credit risk is low
   • D The asset is first recognised

5. In a cash flow hedge, the effective portion of the gain or loss on the hedging instrument is recognised in:

   • A Other comprehensive income
   • B Goodwill
   • C Profit or loss immediately
   • D Retained earnings directly

6. For a convertible bond, the equity component is measured as:

   • A The coupon
   • B The market value of the shares
   • C The nominal value of the shares
   • D The proceeds less the fair value of the liability component

7. A quoted price for an identical asset in an active market is which level of the IFRS 13 fair value hierarchy?

   • A Level 3
   • B Level 2
   • C Level 1
   • D Level 0

8. A financial liability is derecognised when:

   • A The company has paid half of it
   • B The liability is more than a year old
   • C The creditor becomes a shareholder
   • D It is extinguished, because the obligation is discharged, cancelled or has expired