Financial Instruments with Characteristics of Equity

The IASB has recently published its Discussion Paper on Financial Instruments with Characteristics of Equity (FICE), which aims to improve the classification of certain complex financial instruments that companies have issued and to enhance disclosures about debt and equity instruments. This article by Dawn Robey sets out the key features of the Discussion Paper and reports on some of the issues raised during a presentation of its content at a meeting of the Accounting Standards Advisory Forum (ASAF).