Leksyde🌚

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Leksyde🌚

Leksyde🌚

@sobur_bello

Accounting || Insightful Academe || @LFC || YNWA🎈|| IFRS Townhall on Spotify @ https://t.co/od2kx6TZPz

Katılım Eylül 2015
696 Takip Edilen2.6K Takipçiler
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Leksyde🌚
Leksyde🌚@sobur_bello·
On Tuesday, @IFRSFoundation through the IASB issued a new standard, IFRS 18 to repeal IAS 1. I have summarized the requirements of the standard in very simple language in this article, please enjoy 😊 linkedin.com/pulse/ifrs-18-…
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Leksyde🌚
Leksyde🌚@sobur_bello·
The explosion of the APC is looming and I give them maximum of 6-9 months.
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Leksyde🌚@sobur_bello·
Please be reminded guys, it promises to be educating this weekend. Hopefully, we are able to allay your IFRS 9 fears, Lol. @decency11 @hedrees_ayinde @kaeptiveitin @kazeemijaola1 @theafees__O @Oladelemie_del @holerdhyran1 @kunleayobami schedule a reminder twitter.com/il
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Leksyde🌚@sobur_bello

Please schedule a reminder for the next IFRS Townhall, we’ll be having our amiable guest @decency11 who’ll be rubbing minds to start our Financial instrument series. twitter.com/i/spaces/1nJOL… It promises to be educating as usual. @holerdhyran1 @hedrees_ayinde @kaeptiveitin

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Habyb
Habyb@eta_habyb·
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JustJay
JustJay@AlamuJamiu_·
I’m officially an Associate Chartered Accountant 🤍🎉 2 diets in Foundation 2 diets in Skills 1 diet in Professional. Didn’t have any reference papers, cleared each paper at once. Alhamdulillah🤲
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Leksyde🌚
Leksyde🌚@sobur_bello·
You just basically reclassify the $10m from liability to equity and that’s all. Another question is what happens to the 1m, it’ll remain there in the other equity. Thanks for coming to my “TEDwrite” 5/5.
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Leksyde🌚
Leksyde🌚@sobur_bello·
This instrument accreted to 10m, on the conversion date, the position of IAS 32 is that the liability be derecognised and taken as equity. I’m sure it’ll be doing you like you should recognise a gain or loss, but IAS 32 says that would have been “Sakamanjeyous”. 4/5
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Leksyde🌚
Leksyde🌚@sobur_bello·
I’ll say New equity of $10m sir. IAS 32 is the applicable standard here and your intention here is testing treatment of an example of hybrid financial instrument and what happens on conversion. I’ll digress a bit & revert 🌚.This instrument is a convertible note, clearly 😄. 1/5
Idris Ayinde, FCA, CFA@hedrees_ayinde

IFRS Firedrill A $10m convertible note was settled via share issuance for the same value. At inception, the entity had recognised $1m equity and $9m liability. At maturity, the liability has accreted to $10m before conversion to equity. How should this be treated on conversion?

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Leksyde🌚
Leksyde🌚@sobur_bello·
It’s IFRS Townhall o clock again guys, by popular demands, we’ll be revisiting Financial Instruments series with proper deep dives into the rudimentary of the standard. Don’t miss it as we have an amazing speaker who’ll be gracing the space as usual😇 twitter.com/i/spaces/1nJOL…
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