Conversion: What Is a Conversion?
If shares never close above the conversion price, the convertible bond is never converted to common shares. The conversion price is set by management as part of the conversion ratio before the convertibles are issued to the public. The conversion rat...
Controller Salary Levels, Jobs
In order to become an accountant, you will need to pursue a 4-year undergraduate degree in accounting. Once you earn your bachelor’s degree, you may want to go a step further and study to take the Certified Public Accountants exam to earn your CPA ce...
Audit tests: difference between tests of control and substantive tests
In June 2007, the PCAOB adopted Auditing Standard 2201 (Supersedes AS No. 5). This standard contains the standards over performing an audit of internal control over financial reporting that is integrated with an audit of financial statements....