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Chapter 10 — Differences Between U.S. GAAP and IFRS Accounting Standards

10.2 Redeemable Equity Securities

10.2 Redeemable Equity Securities

Both U.S. GAAP and IFRS Accounting Standards require financial instruments issued in the legal form of shares that embody an unconditional obligation that requires the issuer to redeem the instrument by transferring its assets at a specified or determinable date (or dates) or upon an event that is certain to occur to be accounted for as liabilities (see Section 4.1 and paragraph 16 of IAS 32).