The second webcast in a series of web presentations on the Discussion Paper Financial Instruments with Characteristics of Equity is now available.
In this webcast, International Accounting Standards Board (Board) Technical Director Kumar Dasgupta explains the Board’s preferred approach to classification, presentation and disclosure of financial instruments issued by companies. Using some examples, he also talks about the application of this approach to certain non-derivative financial instruments.
The Discussion Paper sets out the Board's preferred approach to classification of a financial instrument from the perspective of the issuer as a financial liability or an equity instrument.
Future webcasts on this Discussion Paper will cover:
- classification of derivatives on own equity;
- classification of compound instruments and redemption obligation arrangements;
- presentation of equity instruments; and
- presentation of financial liabilities.
This webcast can also be accessed on YouTube.