A is corrent. Disclosures related to financial instruments, both derivative and nonderivative, that are used as hedging instruments must include the following information: (1) objectives and the strategies for achieving them, (2) context to understand the instrument, (3) risk management policies, and (4) a list of hedged instruments. These disclosures have to be separated by type of hedge and reported every time a complete set of financial statements is issued.
B is incorrect. Disclosures related to financial instruments, both derivative and nonderivative, that are used as hedging instruments must include the following information: (1) objectives and the strategies for achieving them, (2) context to understand the instrument, (3) risk management policies, and (4) a list of hedged instruments. These disclosures have to be separated by type of hedge and reported every time a complete set of financial statements is issued.
C is incorrect. Disclosures related to financial instruments, both derivative and nonderivative, that are used as hedging instruments must include the following information: (1) objectives and the strategies for achieving them, (2) context to understand the instrument, (3) risk management policies, and (4) a list of hedged instruments. These disclosures have to be separated by type of hedge and reported every time a complete set of financial statements is issued.
D is incorrect. Disclosures related to financial instruments, both derivative and nonderivative, that are used as hedging instruments must include the following information: (1) objectives and the strategies for achieving them, (2) context to understand the instrument, (3) risk management policies, and (4) a list of hedged instruments. These disclosures have to be separated by type of hedge and reported every time a complete set of financial statements is issued.
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