Intuitively, accountants tend to treat shares issued by a company as equity based on their legal form. The classification of the...
Shares issued: Are they debt or equity?
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Presentation and disclosure
Accounting for Pillar Two of BEPS 2.0
The OECD/G20 developed Global Anti-Base Erosion (‘GloBE’) model rules in Pillar Two of BEPS 2.0 to address...
Accounting for supply chain financing
The topic of Supply chain financing (‘SCF’) has been on various IFRS Interpretations Committee (‘IFRIC’) and IASB agendas during...
Classification of liabilities: Loan covenants
Financial statements distinguish between current and non-current assets and liabilities. Assets are classified on, amongst...
Debt or equity: The role of shareholder decisions
It is often a complex decision to classify an instrument issued by an entity as debt or equity. IAS 32 Financial Instruments -...
Are your long-term liabilities still non-current?
IAS 1 Presentation of Financial Statements deals with, amongst others, the classification of assets and liabilities as current...