碩士 / 東吳大學 / 會計學系 / 101 / The adaptability of IFRS in Taiwan in 2013 urges all listed companies in Taiwan to comply with the Financial Statements, causing companies issuing Euro-Convertible Bonds overseas to apply accounting principles on financial commodities with year-end evaluation and disclosure distinguished from the specification of previous financial reports. In particular, the expression and disclosure for financial commodities such as IAS 32 and IFRS are affected due to the Interpretation Letter 95.4.12.109 from the Foundation. In other words, enterprises issuing Euro-Convertible Bond in currencies other than NT Dollars denomination or bonds with different currencies in function shall be listed in “liability” in financial commodities, while its fair value must be measured before recognizing as loss or profit into the valuation of financial commodities, thereby affecting the EPS of the enterprises.. The study collected data from the bond valuation loss/profit and the issuance of Euro-Convertible Bonds disclosed by the public financial statements of all listed companies from 2012 Q1 as basis of analysis. The study intends to analyze whether if the issuing company of Euro-Convertible Bonds are affected by the adaptability of IFRS in terms of change to the future EPS of the company and the tools or conditions for future fundraising.
The loss/profit for valuation on EURO-Convertible Bond will indeed bring substantial impacts to the company, and particularly the profit/loss valuation will present valuation profit/loss changes in reserve direction following the fluctuations of share prices. In other words, the share price rises and causes the valuation loss to increases while the share price drops to result in the valuation profits. Although the adaptation of IRFS increase information transparency, the unrealized valuation profit/loss will affect the numbers on the Financial Statements, which could not fully express the final operating results of the company. To avert the impact of valuation profit/loss on the Financial Statement, enterprises issuing Euro-Convertible Bonds in NT Dollar denomination could become the new method and trend of foremost consideration for the evaluation of fundraising tools or issuing conditions.
| Identifer | oai:union.ndltd.org:TW/101SCU00385006 |
| Date | January 2013 |
| Creators | Peng Yung Han, 彭詠涵 |
| Contributors | , 馬嘉應, 郭瑞基 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 52 |
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