IFRS 7 requires disclosure of information about the significance of financial instruments to an entity, and the nature and extent of risks arising from those financial instruments, both in qualitative and quantitative terms.
IFRS 7 requires disclosure of (a) the significance of financial instruments for an entity’s financial position and performance; and (b) qualitative and quantitative information about exposure to risks arising from financial instruments, including specified minimum disclosures about credit risk, liquidity risk and market risk.
The qualitative disclosures describe management’s objectives, policies and processes for managing those risks. The quantitative disclosures provide information about the extent of risks which an entity exposes to, based on internal information provided to the entity’s key management personnel.
For more detailed information regarding the IFRS 7 publication and other IFRS-related content, please visit our Brochure Website by clicking the button below.