تاثیر درآمد استفاده از 32 استاندارد بین المللی حسابداری برای بدهی قابل تبدیل: برخی شواهد شرکت های ایالات متحده
|کد مقاله||سال انتشار||مقاله انگلیسی||ترجمه فارسی||تعداد کلمات|
|47384||1997||13 صفحه PDF||سفارش دهید||5180 کلمه|
Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)
Journal : Journal of International Accounting, Auditing and Taxation, Volume 6, Issue 1, 1997, Pages 97–109
The International Accounting Standards Committee (IASC) recently issued a new accounting standard, International Accounting Standard (IAS) 32, Financial Instruments: Disclosures and Presentations. The new standard calls for issuers of convertible debt to record separate debt and equity components at the date of issuance. In contrast, current U.S. accounting rules for issuers of convertible debt. Accounting Principles Board Opinion No. 14 (APBO 14), Accounting for Convertible Debt and Debt Issued with Stock Purchase Warrants, require the “entirely debt until conversion” approach. U.S. issuers of convertible debt are not governed by IAS 32. However, the issuance of IAS 32 shows obvious international consensus for the separate components approach. In addition, there is substantial support among U.S. academic accountants for the components approach used in IAS 32. This article explains and analyzes the potential financial reporting impact of IAS 32 if it were applied to a sample of U.S. issuers of convertible debt. The results of this study show that reclassification of a portion of convertible debt proceeds to equity has the potential to materially increase interest expense and decrease earnings. This study provides important insights which should be of interest to the financial reporting community in the U.S. and internationally.