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Perspective and Issues
Scope and scope exceptions
Definitions of Terms
Concepts, Rules, and Examples
Applicability of ASC 480
Initial and subsequent measurement
Gain or loss on retirement of redeemable instruments
Mandatorily Redeemable Shares and Similar Instruments
Obligations to issue shares
Obligations to repurchase shares
Application of ASC 480
Example—Obligations that require net share settlement—monetary value changes in the same direction as the fair value of the issuer's equity shares
Example—Obligations that require net share settlement—monetary value changes in opposite direction as the fair value of the issuer's equity shares
Example—Written put options that require physical settlement
Example—Forward purchase contract that requires physical or net cash settlement
Example—Written put option that require net share settlement
Example—Unconditional obligation that must be either redeemed for cash or settled by issuing shares
Example of mandatorily redeemable preferred shares
Example of shares that are mandatorily redeemable at the death of the holder
Example of mandatorily redeemable preferred shares (continued)
Example of a contract with a fixed monetary amount known at inception
Example of a written put option on a fixed number of shares
Example of a forward contract with a variable settlement date
ASC 480, Distinguishing Liabilities from Equity Topic, contains one Subtopic: ...
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