Financial InstrumentsForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Financial InstrumentsThis topic has 1 reply, 2 voices, and was last updated 5 years ago by P2-D2.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts May 22, 2019 at 1:07 pm #516852 gangsta1MemberTopics: 75Replies: 10☆☆Preference shares to be converted into a fixed number of ordinary shares on a fixed date or on the occurrence of an event which is certain to occur.Question sir, in the issuing entity’s books, should this be classified as equity?I think it should but just clarifying May 24, 2019 at 7:47 pm #517212 P2-D2KeymasterTopics: 4Replies: 7065☆☆☆☆☆Yes, it is to be classified as equity as it gives a residual interest in the assets after deducting the liabilities.ThanksAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In