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convertible loan notes

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › convertible loan notes

  • This topic has 2 replies, 1 voice, and was last updated 14 years ago by Anonymous.
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  • June 8, 2010 at 4:52 am #44535
    Anonymous
    Inactive
    • Topics: 1
    • Replies: 2
    • ☆

    Hi, Could anybody please let me know the answer to the following question? Thanks in advance.

    Let us imagine a question where from trial balance we need to draft up statements – I am interested in SFP. If the trial balance does not include accounting for issued convertible loan notes, how should I present it in the statement – is there necessity to devide this hybrid financial instrument into equity and liability part? If so, how do I do it? I know that when calculating EPS, we use actuarial method to calculate number of shares issued at no consideration, but how I present it in SFP?

    Thanks in advance for any help on that.
    Marius

    June 8, 2010 at 7:22 am #63698
    Anonymous
    Inactive
    • Topics: 1
    • Replies: 2
    • ☆

    Just wanted to add…..

    If you know an exemplary question from past exams which I could analyze, I would appreciate. Please just give me the name of it.
    Thank you.
    Marius

    June 8, 2010 at 6:01 pm #63699
    Anonymous
    Inactive
    • Topics: 1
    • Replies: 2
    • ☆

    OK, I managed to find example. In case anyone is interested, take a look on WELLMAY question. regards, marius

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