BDO releases publication: IFRS in Practice 2021/2022 – Accounting for convertible notes
12 March 2021
BDO has released publication: IFRS in Practice 2021/2022 – Accounting for convertible notes.
Convertible notes are a very common form of financing used by companies to raise capital. These convertible notes often contain dozens of different clauses, terms and conditions, which may significantly affect how the notes are accounted for in accordance with IFRS, including the important distinction between a financial liability and equity. BDO’s IFRS In Practice publication includes dozens of examples explaining how convertible notes should be accounted for including numerous flowcharts and practice aids, which summarise the requirements of IAS 32 and IFRS 9.
The publication may be accessed here.