Liabilities & Equity (Amendments to Section 3860)

Topics:
Financial Regulations
Tags:
Asset Management,
Operational Planning,
Marketing,
Financial Statements,
Financial Planning,
Financial Accounting,
Finance,
Debt,
Corporate Communications,
CICA Accounting Standards Board,
...
Source:
PricewaterhouseCoopers

FREE Registration is required

Overview: This newsletter discusses the changes that will require reclassification of debt that can be settled by the issuer with its own shares. Some companies may have to revisit debt covenants. For several years, Canadian GAAP has required that debt that can be settled by the issuer by delivering its own shares be included in equity in the financial statements. The theory here was that the company could not be required to deliver cash or other financial assets to settle the liability. The CICA Accounting Standards Board has issued an exposure draft that would require that such instruments be shown as debt in most cases.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: HTML | Size: 16KB | Date: Jun 2003 | Pages: 4

People who downloaded this item also downloaded

White Paper Financial Reporting, Corporate Communication and Governance
White Paper Asset and Liability Management Model
White Paper Corporate Ethics, Governance And Entrepreneurial Leadership
White Paper Under Pressure
White Paper The Insurative Model: Integrating Risk Management and Capital Management

Top results from Financial Regulations

Webcast Webcast: Calculated Risk: Inside the Billion-Dollar 'Gut' of Goldman Sachs
Case Study TAC Prepared for Aggressive Growth with Microsoft Office PerformancePoint Server 2007
Webcast Manage security and compliance in an adverse economy in 2009 and beyond
Webcast Trust but verify...managing and auditing privileged users
White Paper Addressing Compliance Initiatives With Tripwire and the Center for Internet Security (CIS)

» View all Financial Regulations listings

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement

Returning users: Log In Here!

Already registered on BNET, TechRepublic, or ZDNet? Simply log in.

Free Membership: Sign Up Now!

Sign up for a free membership today and get instant and unlimited access to one of the largest databases of white papers, webcasts, and casestudies anywhere. Your FREE membership allows you to:

  • Download an unlimited amount of content, including classic and current white papers, case studies, webcasts and more
  • Track content on your chosen topics of interest
  • Receive targeted email alerts when your favorite content is added
  • Save content for future reading
  • Receive our member newsletter

When you register to access this directory, you become a member of BNET. In addition, you allow us to share your information with companies that produce products or services featured in the library--so that such companies may contact you with information and offers regarding their products and services. This enables us to keep the library a free service. As a directory registrant, you will receive a complimentary subscription to the BNET member newsletter, The BNET Report. You can unsubscribe from this newsletter at any time. By clicking the Sign up button, you indicate that you agree to our Terms and Conditions and have read and understand our Privacy Policy (updated).