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The two main categories of disclosures required by IFRS 7 are: information about the significance of financial instruments. information about the nature and extent of risks arising from financial instruments.
FRS 102 is designed to apply to the general purpose financial statements and financial reporting of entities including those that are not constituted as companies and those that are not profit-oriented.
IFRS 7 Financial Instruments: Disclosures 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.
Subsequent measurement. The subsequent measurement requirements for financial instruments are outlined in FRS 102:11.1411.26. In summary, basic financial instruments are measured either at amortised cost, fair value through profit or loss or at cost less impairment.
Risk disclosure is the disclosure of information relating to risks presented in a companys financial statements in ance with the type of risk studied. Good Corporate Governance in this research consist of commissioners and directors meetings, attendance of commissioners and directors meetings and company size.
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IFRS 7 Financial Instruments: Disclosures 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.
FRS 102:11.41 An entity shall disclose separately the carrying amounts at the reporting date of financial assets and financial liabilities measured at fair value through profit or loss. This disclosure may be made separately by category of financial instrument.
Under FRS 102 certain instruments must be measured at fair value with gains and losses recognised in profit and loss (eg interest rate swaps/options, forward contracts, commodity contracts, some debt instruments and investments in non-convertible and non-puttable shares that are publicly traded or their fair value can

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