IFRS 7Chapter 5Lesson 1
Risks: nature, extent, qualitative and quantitative information
Step 1 of 6Learning objectives
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IFRS 7's second objective: letting users assess the nature and extent of risks at the reporting date, through a description of how they arise and are managed, then through figures and concentrations.
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Learning objectives
- State that the note covers credit, liquidity and market risk at the reporting date.
- Structure qualitative information by type of risk from the facts of a case.
- Spot the risk concentrations to document in a portfolio.