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D Question 10 1 pts Which of the following is NOT a mandatory exception to retrospective application of IFRS? Estimates Derecognition of financial assets and financial liabilitics Classification and measurement of fnancial assets ks Business combinations Hedge accounting
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Answer #1

Correct Answer --- Business Combinations

Explanation

Exemptions is granted in case of

  1. Accounting Estimates
  2. Derecognition of Financial Assets and Financial Liabilities
  3. Classification and measurement of Financial Assets and
  4. Hedge Accounting.

But does not allow mandatory exception to Business Combinations.

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