IAS 32 requires the issuer of a financial instrument to classify the instrument on initial recognition as a financial liability a financial asset or an equity instrument in accordance with the substance of the contractual arrangement and the definitions of a financial liability a financial asset and an equity instrument. This is not always an easy exercise in practice particularly when some instruments at first glance seem to have characteristics of both debt and equity or where the legal language used in the agreement clouds the assessment. In this webinar we will look at the classification rules of IAS 32 and explain the exceptions to these rules for compound instruments puttable instruments and redeemable instruments. The webinar will also look at the IASBís plans to overhaul the classification of debt vs equity under the ongoing Financial Instruments with Characteristics of Equity project.
This session is not eligible for the HRDC refund as it is being broadcasted from our Johannesburg office