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Web of Proceedings - Francis Academic Press
Web of Proceedings - Francis Academic Press

Accounting Treatment of Preferred Stock Financing

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DOI: 10.25236/edssr.2020.059

Author(s)

Jiancheng Fan

Corresponding Author

Jiancheng Fan

Abstract

in this paper, the financing situation of preferred stock is elaborated, and relevant accounting standards are combed. Based on the substance and the formal principle, starting from the basic attributes of liabilities, we analyze the contradictions in the accounting treatment of preferred stock and do not conform to the definition of liabilities.

Keywords

Preferred stock, Financial liabilities, Accounting theory