Restructuring of financial liabilities under IFRS in crisis conditions
Keywords:
restructuring, amortized cost, fair value, materiality, sensitivity, 10% test, International Financial Reporting StandarsAbstract
This paper describes the methodology to analyze the sensitivity in decision-making of a liability restructuring process under crisis scenarios, as a result of changes in normal market conditions or events that reflect liquidity difficulties in the cash flows of a company. company in Colombia, which entails any entity, carry out a new profiling of its debt. Its result is applicable to any entity that carries out critical evaluations of business hypotheses in progress or that are in a restructuring process according to Law 1116 of 2006. The investigation corresponds to a case study of a private company that is in process of reprofiling and contemplates a technique of estimation and materiality of the operation, known according to IFRS as the 10% test, a practice that can be used as a method of evaluation of costs and benefits for decision-making, based on international financial analysis, Therefore, it will provide Accounting and Administration professionals with the aspects to be recognized in the negotiation of debt instruments and what the measurement criteria should be to reduce their impact on the preparation of financial statements.
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