Proceeds from convertible debentures need to be classified based on their liability and equity components. This template helps you set up the journal entries for a convertible note in order to be compliant with the fair value approach to determining the debt and equity portions.
Looking for more information about convertible notes and why this template is indispensable? Check out our blog posting.
Download this template for only $24.99 CAD
Features include:
- user-friendly, step-by-step instructions
- easily calculates the fair value of allocating convertible note proceeds
- equity portions accurately calculated using the Black Sholes method, debt portions using the net present value
- sample journal entry for month-end close including the initial entry for the note
- supporting schedules that are audit compliant
Current version 1.0, released August 1, 2008
Designed for Microsoft Excel 2003
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