IAS Plus newsletter — IFRIC 19 – IFRIC clarifies accounting for debt for equity swaps

Published on: 06 Dec 2009

On 26 November 2009 the International Financial Reporting Interpretations Committee (IFRIC) issued IFRIC Interpretation 19 Extinguishing Financial Liabilities with Equity Instruments.

The Interpretation addresses divergent accounting by entities issuing equity instruments in order to extinguish all or part of a financial liability (often referred to as "debt for equity swaps").


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