The Total of Shareholders' Equity - Management Assignment Help

Assignment Task:

Task:

Question  
 In the past a number of organisations have disclosed convertible notes just below the total of shareholders' equity and therefore have not really disclosed them as debt or equity. 
Required:
 Is this approach described above permitted under AASB132? Why or why not? (3 marks) 

 Deconstruct the question to maximise marks What is a convertible note What does AASB 32 require for compound financial instruments

 Conclude based on facts of question 
 

 Convertible bonds would be classified as compound financial instruments as they would typically contain both a financial liability and equity component. (1 mark)

 AASB 132 requires that the debt and equity components of a compound instrument shall be disclosed separately. (1 mark)

 Hence, the approach described within the question would not be permitted under AASB 132. (1 mark) 
 

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