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Convertible debentures

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Convertible debentures

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by P2-D2.
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  • May 21, 2023 at 9:44 am #684764
    ja.jigna@gmail.com
    Participant
    • Topics: 5
    • Replies: 5
    • ☆

    Hi John,

    In Chapter 11 for Finanical instruments, in Example 3 of convertible debentures:
    The balancing figure in Equity after dicounting the cash out flow, shouln’t it be shown in the SFP as well? The amount is $5.7M.

    May 25, 2023 at 9:59 pm #685066
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7082
    • ☆☆☆☆☆

    Hi,

    Yes, the difference between the proceeds and the initial value of the liability is recognised as an other component of equity on the SFP.

    Thanks

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