In relation to cash flow hedges,AASB 7 requires that an entity must disclose separately which of the following?

Question

Quizplus · Accepted Answer

AASB 7 requires the disclosure of hedging gains or losses of the reporting that were recognised in other comprehensive income as part of the disclosure requirements for cash flow hedges. Option A is incorrect as there is no requirement to disclose an amount reclassified from the statement of owners' equity. Option B and D are not valid disclosure requirements under AASB 7.

In Relation to Cash Flow Hedges,AASB 7 Requires That an Entity