The accounting treatment of capital instruments — shares and debt securities — by their issuer was not historically regarded as presenting significant problems in the UK. However, the substantial development of innovative forms of finance during the 1980s made the accounting profession ask whether the conventional framework for distinguishing share and loan capital, together with the Companies Act disclosure requirements, remained adequate. With the further development of financial derivatives in recent years this aspect of financial reporting has become increasingly complex.
Weitere Kapitel dieses Buchs durch Wischen aufrufen
- Capital instruments
- Palgrave Macmillan UK
- Chapter 15
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