CFA Practice Question

There are 534 practice questions for this study session.

CFA Practice Question

Under IFRS, a bank, or other financial institution would normally use which type of balance sheet format?
A. Classified
B. Liquidity-based
C. Market-value based
Explanation: Under IAS No. 1, liquidity-based presentation is recommended when it provides information that is more relevant and reliable than the current/noncurrent format, such as in the case of banks and financial institutions.

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