Preferred Shares Are Changing—Is Your Organization Affected?
October 25, 2019
If your organization has preferred shares in its financial statements, it’s crucial to understand and proactively manage the effects of changes to accounting rules related to retractable or mandatorily redeemable shares (ROMRS). The changes under accounting standards for private entities (ASPE) are effective January 1, 2020.
Our article offers details and guidance on next steps, including:
- An overview of the changes to ASPE exemptions for preferred shares
- The possible implications for your organization
- Action items to help you plan for the upcoming amendment