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IFRS Interpretations Committee

Financial Instruments: Presentation: Accounting for a financial instrument that is mandatorily convertible into a variable number of shares subject to a cap and a floor


 Issues rejected: Agenda decision

IAS 32 Financial Instruments: Presentation: A financial instrument that is mandatorily convertible into a variable number of shares (subject to cap and floor) but gives the issuer the option to settle by delivering the maximum (fixed) number of shares

The Interpretations Committee was asked how an issuer of a financial instrument would assess the substance of a particular contractual feature included in the instrument.

Project stages

Deliberations

Issued documents

Completed January 2014