Accounting for Financial Instruments with Characteristics of Both Liabilities and Equity
Authored by Miles Hutchinson
About this Course
Topics covered include:
Scope of ASC 480;
Financial Instruments Subject to ASC 480;
Mandatorily Redeemable Financial Instruments;
Initial and Subsequent Measurement of Liability;
Earnings per share;
Upon completing this course, you should be able to:
Recall the rules for financial instruments with characteristics of both liabilities and equity;
Identify categories of financial instruments that are subject to the FASB ASC Topic 480 rules;
Determine the entities that are subject to FASB ASC Topic 480;
Identify the rules for entities with mandatorily redeemable shares.
Basic understanding of accounting for financial instruments.