CERTYNEX IFRS ACADEMY

Which statements about the IFRS 7 disclosures on transfers of financial assets are correct? (Several answers.)

They cover only transfers made during the period.

They are presented in a single note to the financial statements.

They cover transferred assets that are not derecognised and any continuing involvement existing at the reporting date.

Retaining the rights to an asset's cash flows while undertaking to pass them on to third parties is never a transfer.

They replace the other disclosures of the Standard for the assets concerned.