Which of the following statements about hedge accounting is not correct?

Question

Options

• AA prerequisite for hedge accounting is that a hedging instrument is designated as an offset to changes
• BHedge accounting enables gains and losses on a hedging instrument to be recognised in the income
• CIf one of the criteria for hedge accounting is no longer met, there is an option to discontinue hedge accounting.
• DStrict criteria must be met at inception and throughout the term of the hedge relationship in order for

• A
  6% (2)
• B
  9% (3)
• C
  74% (26)
• D
  11% (4)

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