TY  - JOUR
AB  - We assess the impact of NZ IAS 32 on the financial reporting of convertible financial instruments by retrospective application of the standard to a sample of New Zealand companies over the period 1988 ‐ 2003. NZ IAS 32 has a broader definition of liabilities than does the corresponding current standard (FRS‐31) and it does not permit convertibles to be reported under headings that are intermediate to debt and equity. The results of the study indicate that in comparison with the reported financial position and performance, the reporting of convertibles in accordance with NZ IAS 32 would result in higher amounts for liabilities and higher interest. Thus, analysts using financial statement information to assess risk of financial distress will need to revise the critical values of commonly used measures of risk and performance when companies report under NZ IAS
VL  - 17
IS  - 2
SN  - 0114-0582
DO  - 10.1108/01140580510818594
UR  - https://doi.org/10.1108/01140580510818594
AU  - Bishop Helen
AU  - Bradbury Michael
AU  - van Zijl Tony
PY  - 2005
Y1  - 2005/01/01
TI  - NZ IAS 32: An Evaluation of the Potential Impact on Financial Reporting by Issuers of Convertible Financial Instruments
T2  - Pacific Accounting Review
PB  - Emerald Group Publishing Limited
SP  - 34
EP  - 52
Y2  - 2024/09/20
ER  -