Get your Assignment in a Minimum of 3 hours
Our academic experts are ready and waiting to assist with any writing project you may have. From simple essay plans, through to full dissertations, you can guarantee we have a service perfectly matched to your needs.Free Inquiry Order A Paper Now Cost Estimate
It is stated under AASB 2 ‘Share based payment’ that companies must value and record as an expense
any options granted to employees in exchange for their services. Previously Australian companies
recorded share-based payments in the notes to the financial statements, arguing that share-based
payments did not cost the company anything.
a) Explain the reasoning that led to the development of AASB 2 ‘Share based payment’.
b) Discuss briefly the possible economic implications of AASB 2.
Sampras Ltd issued $20 million of convertible notes on 1 July 2020. The notes have a life of 6 years
and a face value of $20 each. Annual interest of 5% is payable at the end of each year. The notes
were issued at their face value and each note can be converted into one ordinary share in Sampras
Ltd at any time over their lives. Organisations with a similar risk profile to Sampras Ltd have issued
debt with similar terms but without the option to convert at the rate of 7% per annum.
Save your time - order a paper!
Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlinesOrder Paper Now