A colleague summarises the purpose of IFRS 7 for a newcomer. Which of the colleague's sentences is wrong?Your answerAIFRS 7 complements the principles for recognising, measuring and presenting financial instruments with disclosures.BOne part of the objective concerns the significance of financial instruments for the entity's financial position and performance.CThe other part concerns the nature and extent of the risks arising from financial instruments, and how they are managed.DIFRS 7 determines how to recognise and measure financial instruments, its disclosures being only an optional complement.SubmitHint