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InvestmentPitch: Davidson & Company LLP Releases Second Video of Educational Series Covering Financial Issues Faced by Public Companies - Video Posted on Inves

Vancouver, BC, May 9, 2014 -. Davidson&Company LLP, a full-service chartered
accounting firm located in downtown Vancouver, has released the second
educational video in the new video series, called "Ask Bahar
", which deals with financial and accounting issues regularly encountered by
public companies. In the current video, Davidson&Company's Bahar Saadat and
Erez Bahar discuss convertible debentures.

A convertible debenture is a type of security issued by a company in return
for a loan to the company by an investor. It is different from a regular
debenture in that it can be converted into stock of that company, most
commonly at the option of the holder. By adding the convertibility option the
issuer pays a lower interest rate on the loan compared to if there was no
option to convert. In the event the company does well resulting in an
increased share price, it would be beneficial for the holder to convert the
debenture to common shares.

Under IFRS, the Company is required to disclose the value of the debt and
equity portions of the convertible debenture separately, this separation is
known as bifurcation. The debt is initially measured at its fair value based
on the present value of cash flows which takes into account the interest
expense, market interest rate and maturity date of the debt. Accretion
expense is recorded each period to bring the value of the bond to its face
value at the maturity date

Thisvideocan be viewed at If this link is not enabled,
please visitwww.InvestmentPitch.comand enter "Davidson" in the search box.

This installment and others are available for viewing

Needless to say, accounting for convertible debentures is a complex area of
financial reporting and should be discussed with a professional accountant.

About Davidson&Company LLP

Davidson&Company LLP, a full-service chartered accounting firm located in
downtown Vancouver. They are the proud auditors of over 350 public companies
trading on the various exchanges around the world, whose sectors include
natural resources, technology, and real estate. Their full-serve tax
department also offers the full gamut of services for your business or
personal needs. One of the largest independent firms in British Columbia,
they are also affiliated with Nexia International, one of the world`s largest
accounting networks. For more information

About InvestmentPitch Media, a multimedia company that provides a combined solution
for creating and hosting financial video content, and distributing it across
multiple platforms to investors and financial professionals, specializes in
producing short three minute videos based on significant news releases and
research reports. Please visit and browse our extensive
library of investment videos.

Barry Morgan, CFO


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: InvestmentPitch via Globenewswire


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