10 March 2010
Thanks. But what about subordinate debt? I am actually looking for quasi equity instruments and their treatment. would be great to hear from u
13 March 2010
hi indira, convertible debentures will be classified as a debt.
depending on the charge that you have created that will be classfied as a secured or unsecured debts.
the right to get them converted will be considered only at the time of caclulating the diluted EPS. and discloure should be made in the notes, all the terms of conversion.
CAclubindia
