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Dietmar Isert - The Accounting Treatment of Derivatives on a Reporting Entity's Own Shares

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Dietmar Isert

The Accounting Treatment of Derivatives on a Reporting Entity's Own Shares

Series: Finanz- und Rechnungswesen

Volume 8 2009

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Titelei/Inhaltsverzeichnis S. 2-13

List of Exhibits S. 14

List of Abbreviations S. 15-16

Problem formulation S. 17-23

General accounting research approaches S. 24-25

Developments in the accounting standards of the IASB and FASB regarding financing instruments and derivatives on an entity’s own shares S. 25-27

The perception of the market regarding debt and equity (accounting) considerations S. 27-30

Recognizing or disclosing accounting information S. 30-31

Balance sheet presentation of financing instruments and derivatives on an entity’s own shares S. 31-37

Overview S. 38-41

First criterion: displaying relevant information in the body of the financial statements S. 41-44

Second criterion: providing reliable information for users of the financial statements S. 44-47

Third criterion: liquidity and solvency concerns S. 47-48

Fourth criterion: comparability of the financial statements over time and between different entities S. 48-50

Fifth criterion: consistent recognition requirements and a consistent measurement basis for derivatives on an entity’s own shares S. 50-52

Sixth criterion: correspondence between the accounting treatment of one and several contracts S. 52-55

Seventh criterion: reclassification of the components of derivatives on an entity’s own shares S. 55-57

Definition and economic analysis of derivatives on an entity’s own shares S. 58-62

The derivation of accounting principles regarding derivatives on an entity’s own shares S. 62-74

The economic unit theory and the parent company theory S. 74-75

The reassessed expected outcomes approach – a variation of accounting principles regarding derivatives on an entity’s own shares S. 75-77

General annotations regarding the fact patters presented about derivatives on an entity’s own shares S. 77-79

Fact pattern S. 79-80

Accounting treatment S. 80-87

Fact pattern S. 87-88

Accounting treatment S. 88-95

Fact pattern S. 95-96

Accounting treatment S. 96-102

Additional considerations if the short call option is out of the money at maturity S. 102-103

Fact pattern S. 103-104

Accounting treatment S. 104-110

Additional considerations if the long call option is out of the money at maturity S. 110-111

Fact pattern S. 111-112

Accounting treatment S. 112-118

Additional considerations if the long put option is out of the money at maturity S. 118-119

Fact pattern S. 119-120

Accounting treatment S. 120-126

Additional considerations if the short put option is out of the money at maturity S. 126-127

Overview S. 127-128

Applying the assessment criteria to the first accounting principle ‘financial asset and financial liability derivatives’ S. 128-134

Applying the assessment criteria to the second accounting principle ‘equity derivatives’ S. 134-139

Applying the assessment criteria to the third accounting principle ‘equity’ S. 139-140

Applying the assessment criteria to the fourth accounting principle ‘non-derivative financial assets and non-derivative financial liabilities’ S. 140-143

Applying the assessment criteria to the accounting principles of the reassessed expected outcomes approach S. 143-145

Evaluating the advantages and disadvantages of the accounting principles regarding derivatives on an entity’s own shares S. 145-155

Introduction S. 155-159

US-GAAP SFAS 150 and EITF Issue No. 00-19 S. 159-161

IFRS statement IAS 32 S. 161-163

Current approaches of the FASB S. 163-164

Summary and conclusions regarding the application of different accounting principles to diverse derivatives on own shares S. 164-167

Overview S. 168-171

Deep in the money short call option contracts on an entity’s own shares S. 171-181

Deep in the money long call option contracts on an entity’s own shares S. 181-188

Deep in the money short put option contracts on an entity’s own shares S. 188-197

Deep in the money long put option contracts on an entity’s own shares S. 197-205

Evaluating the advantages and disadvantages of the accounting principles regarding deep in the money options on an entity’s own shares S. 205-208

Reclassification of (not) deep in the money options on an entity’s own shares S. 208-216

Summary of findings S. 217-223

Literature S. 224-231

doi.org/10.5771/9783845217239

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