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Convertible Instruments” Objective

By Eitf Issue No and Accounting For Convertible Securities


1. The objective of this Issue is to provide transition guidance for conforming changes made to Issue 98-5 that resulted from Issue 00-27 and Statement 150. All paragraphs in this Issue have equal authority. Paragraphs in bold set out the main principles. Background 2. Certain consensuses in Issue 00-27 nullified portions of the guidance in Issue 98-5. A general status update that included transition guidance was added to Issue 98-5 to acknowledge the issuance of Issue 00-27. However, the portions of Issue 98-5 that were nullified by Issue 00-27 were not specifically identified in Issue 98-5, nor were the illustrative examples in Issue 98-5 updated for the effects of Issue 00-27. Copyright © 2008, Financial Accounting Standards Board Not for redistribution Page 13. In addition, Statement 150 was issued in May 2003. Instruments within the scope of Statement 150 are accounted for pursuant to the guidance in that Statement, not the guidance in Issues 98-5 and 00-27. A status update was added to Issue 00-27 clarifyin

Year: 2008
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