{"id":10532,"date":"2022-07-20T11:53:51","date_gmt":"2022-07-20T08:53:51","guid":{"rendered":"https:\/\/bestessayhomework.com\/tr\/?p=10532"},"modified":"2022-07-20T11:53:51","modified_gmt":"2022-07-20T08:53:51","slug":"donusturulebilir-borc-muhasebe-alaninda-tez-yaptirma-muhasebe-tez-yaptirma-ucretleri-muhasebe-odevleri-muhasebe-odev-ucretleri","status":"publish","type":"post","link":"https:\/\/bestessayhomework.com\/tr\/donusturulebilir-borc-muhasebe-alaninda-tez-yaptirma-muhasebe-tez-yaptirma-ucretleri-muhasebe-odevleri-muhasebe-odev-ucretleri\/","title":{"rendered":"D\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir Bor\u00e7 \u2013 Muhasebe Alan\u0131nda Tez Yapt\u0131rma \u2013 Muhasebe Tez Yapt\u0131rma \u00dccretleri \u2013 Muhasebe \u00d6devleri \u2013 Muhasebe \u00d6dev \u00dccretleri"},"content":{"rendered":"

Tercih Edilen Stok<\/span><\/strong><\/h3>\n

Adi hisse senedine ek olarak, firmalar genellikle temett\u00fcler a\u00e7\u0131s\u0131ndan adi hisse senedine g\u00f6re \u00f6ncelikli hak talebi olan imtiyazl\u0131 hisse senedi \u00e7\u0131kar\u0131rlar. Ayr\u0131ca, firma varl\u0131klar\u0131n\u0131 tasfiye ederse ve varl\u0131\u011f\u0131n\u0131 sona erdirirse, herhangi bir varl\u0131k adi hissedarlara da\u011f\u0131t\u0131lmadan \u00f6nce imtiyazl\u0131 hissedarlar\u0131n talepleri kar\u015f\u0131lanacakt\u0131r.<\/span><\/p>\n

Kurumsal finansal raporlarda imtiyazl\u0131 hisse senedi tan\u0131m\u0131, hisse senedi ihrac\u0131n\u0131n \u00f6zelliklerini a\u00e7\u0131klar. \u00d6rneklemek gerekirse, Sequel Corporation’\u0131n 2001 y\u0131ll\u0131k raporunda yer alan imtiyazl\u0131 hisse senedinin tan\u0131m\u0131n\u0131 g\u00f6stermektedir. Sequel’in imtiyazl\u0131 hisseleri, hisse ba\u015f\u0131na y\u0131ll\u0131k 5 $ temett\u00fcye sahiptir. Analistler ayr\u0131ca Sequel’in tercih edilen hisselerinin birikimli ve d\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir oldu\u011funu da belirteceklerdir.<\/span><\/p>\n

K\u00fcm\u00fclatif, firma herhangi bir y\u0131lda temett\u00fc beyan etmezse, tutar\u0131n birikti\u011fini ve adi hissedarlara herhangi bir temett\u00fc \u00f6denmeden \u00f6nce \u00f6denmesi gerekti\u011fini g\u00f6sterir. \u00d6rne\u011fin, Sequel \u00fc\u00e7 y\u0131l boyunca temett\u00fc \u00f6demediyse, o zaman imtiyazl\u0131 hissedarlara temett\u00fcler adi hissedarlara \u00f6denmeden \u00f6nce hisse ba\u015f\u0131na 15 $’l\u0131k bir k\u00fcm\u00fclatif temett\u00fc (5\udbff\udc003 y\u0131l) \u00f6denmelidir.<\/span><\/p>\n

D\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir imtiyazl\u0131 paylar, imtiyazl\u0131 pay sahiplerinin tercihine ba\u011fl\u0131 olarak adi paylarla de\u011fi\u015ftirilebilir. \u00d6rnek olarak, Sequel’in imtiyazl\u0131 hisse senetlerinin her bir hissesi, 1.322 adet adi hisse senedine d\u00f6n\u00fc\u015ft\u00fcr\u00fcl\u00fcr. Halihaz\u0131rda 797.000 adet imtiyazl\u0131 hisse senedi ihra\u00e7 edilmi\u015ftir. T\u00fcm ihra\u00e7 adi hisse senedine d\u00f6n\u00fc\u015ft\u00fcr\u00fclecek olsayd\u0131, Sequel 1.053.634 adi hisse (797,000 imtiyazl\u0131 hisse \udbff\udc00 1.322 de\u011fi\u015fim oran\u0131) ihra\u00e7 edecek ve imtiyazl\u0131 hisseyi emekliye ay\u0131racakt\u0131.<\/span><\/p>\n

Bu durumda \u00f6zsermayenin imtiyazl\u0131 hisse senedi bile\u015feni elimine edilir ve adi hisse senedine aktar\u0131l\u0131r. Tercih edilen hisse senedinin d\u00f6n\u00fc\u015ft\u00fcr\u00fclmesinin toplam \u00f6zsermayeyi de\u011fi\u015ftirmedi\u011fini unutmay\u0131n. Varl\u0131klar ve y\u00fck\u00fcml\u00fcl\u00fckler de etkilenmez. Bununla birlikte, \u00f6denmemi\u015f adi hisse say\u0131s\u0131 artar ve imtiyazl\u0131 hisse senedinin temett\u00fc gereksinimi ortadan kalkar.<\/span><\/p>\n

D\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir Bor\u00e7<\/span><\/strong><\/h3>\n

Tahvil ihra\u00e7 ederek bor\u00e7lanan firmalar, tahvil s\u00f6zle\u015fmesinde s\u0131kl\u0131kla bir d\u00f6n\u00fc\u015ft\u00fcrme ayr\u0131cal\u0131\u011f\u0131 i\u00e7erir. D\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir tahviller, tahvil sahibinin tahvilleri belirli say\u0131da hisse senedi ile de\u011fi\u015ftirmesine izin verir. \u00d6rnek olarak, 2001’de Aloha Company’nin uzun vadeli borcunun, 2002 y\u0131l\u0131ndan \u00f6nce herhangi bir zamanda hisse ba\u015f\u0131na 15 dolardan adi hisse senedi ile de\u011fi\u015ftirilebilen, d\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir tahvillerde 150 milyon dolarl\u0131k anaparay\u0131 i\u00e7erdi\u011fini varsayal\u0131m.<\/span><\/p>\n

T\u00fcm tahvil sahipleri adi hisse senedine d\u00f6n\u00fc\u015fmeyi se\u00e7erse, Aloha 10 milyon adi hisse senedi (150 milyon $ tahvil anaparas\u0131 \udbff\udc04 15 $ d\u00f6n\u00fc\u015ft\u00fcrme fiyat\u0131) ihra\u00e7 edecekti. Aloha’n\u0131n \u00f6denecek tahvilleri azalt\u0131lacak ve \u00f6denmi\u015f sermayesi 150 milyon dolar art\u0131r\u0131lacakt\u0131.<\/span><\/p>\n

Borcun adi hisse senedine d\u00f6n\u00fc\u015ft\u00fcr\u00fclmesinin firman\u0131n y\u00fck\u00fcml\u00fcl\u00fcklerini azaltt\u0131\u011f\u0131n\u0131 ve \u00f6zkaynaklar\u0131 art\u0131rd\u0131\u011f\u0131n\u0131 unutmay\u0131n. \u00d6denmemi\u015f adi hisse say\u0131s\u0131 art\u0131r\u0131l\u0131r ve d\u00f6nemsel faiz gideri elimine edilir.<\/span><\/p>\n

Aloha taraf\u0131ndan ihra\u00e7 edilenler gibi d\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir tahviller karma menkul k\u0131ymetlerdir. Hibrit bir menkul k\u0131ymet, ne a\u00e7\u0131k\u00e7a bor\u00e7 ne de a\u00e7\u0131k\u00e7a \u00f6z sermayedir. Bunun yerine, her iki menkul k\u0131ymet t\u00fcr\u00fcn\u00fcn belirli \u00f6zelliklerini birle\u015ftirir. D\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir tahviller s\u00f6z konusu oldu\u011funda, tahvil sahibi bir anlamda bor\u00e7 verendir ve firman\u0131n gelecekteki faiz ve anapara \u00f6demelerini yapma vaadinin sahibidir.<\/span><\/p>\n

Ba\u015fka bir anlamda, d\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir tahvilin sahibi, tahvil ihrac\u0131n\u0131n \u00f6mr\u00fc boyunca herhangi bir zamanda belirli say\u0131da adi hisse senedini sabit bir fiyattan alma se\u00e7ene\u011fine sahiptir. Asl\u0131nda, d\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir tahvil yat\u0131r\u0131mc\u0131lar\u0131, bor\u00e7 ve \u00f6z sermaye \u00f6zelliklerinin bu birle\u015fimi i\u00e7in \u00f6deme yapmaya isteklidir. D\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir tahviller genellikle d\u00f6n\u00fc\u015ft\u00fcr\u00fclemeyen bor\u00e7lardan daha y\u00fcksek fiyatlarla (ba\u015fka bir deyi\u015fle daha d\u00fc\u015f\u00fck faiz oranlar\u0131yla) ihra\u00e7 edilir.<\/span><\/p>\n

\n

Paya d\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir<\/a> bor\u00e7 s\u00f6zle\u015fmesi<\/span>
\nConvertible note Nedir<\/span>
\nConvertible bond<\/span><\/p>\n

\n

Hibrit menkul k\u0131ymetleri hesaba katman\u0131n do\u011fru yolu bir tart\u0131\u015fma konusudur. Mevcut muhasebe standartlar\u0131, d\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir borcun fiilen d\u00f6n\u00fc\u015ft\u00fcr\u00fclene kadar bor\u00e7 olarak ve daha sonra \u00f6zkaynak olarak raporlanaca\u011f\u0131 g\u00f6r\u00fc\u015f\u00fcn\u00fc yans\u0131tmaktad\u0131r. Finansal tablolarda, d\u00f6n\u00fc\u015f\u00fcm\u00fcn fiilen ger\u00e7ekle\u015fme olas\u0131l\u0131\u011f\u0131na veya hibrit menkul k\u0131ymetin bor\u00e7 ve \u00f6z sermaye \u00f6zelliklerinin yat\u0131r\u0131mc\u0131lara g\u00f6re g\u00f6receli de\u011ferlerine ili\u015fkin herhangi bir kay\u0131t yap\u0131lmaz.<\/span><\/p>\n

Mevcut uygulaman\u0131n muhalifleri, d\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir menkul k\u0131ymetlerin hibrit yap\u0131s\u0131n\u0131 g\u00f6rmezden gelmenin yan\u0131lt\u0131c\u0131 oldu\u011funu iddia ediyor. Bor\u00e7 durumunda, ihra\u00e7 fiyat\u0131n\u0131n yat\u0131r\u0131mc\u0131n\u0131n bor\u00e7 \u00f6zellikleri i\u00e7in \u00f6dedi\u011fi tutar ile d\u00f6n\u00fc\u015ft\u00fcrme ayr\u0131cal\u0131\u011f\u0131 i\u00e7in \u00f6denen ek tutar aras\u0131nda payla\u015ft\u0131r\u0131lmas\u0131 gerekti\u011fini savunuyorlar.<\/span><\/p>\n

Bu ayr\u0131 unsurlar\u0131n g\u00f6z ard\u0131 edilmesinin, mali tablolar\u0131n firman\u0131n rapor edilen y\u00fck\u00fcml\u00fcl\u00fcklerini gere\u011finden fazla de\u011ferlemesine, \u00f6zkaynaklar\u0131n\u0131 ve d\u00f6nemsel faiz giderlerini oldu\u011fundan az g\u00f6stermesine neden oldu\u011funu ileri s\u00fcrerler.<\/span><\/p>\n

Bu ve ilgili konular\u0131 ele almak i\u00e7in FASB, kapsaml\u0131 bir finansal ara\u00e7lar projesi y\u00fcr\u00fctmektedir. Proje, hibrit finansal varl\u0131k ve y\u00fck\u00fcml\u00fcl\u00fcklerde bir araya getirilen bile\u015fen alacaklar\u0131n\u0131 belirlemeyi ve bu bile\u015fenler i\u00e7in uygun de\u011ferleme y\u00f6ntemleri geli\u015ftirmeyi ama\u00e7lamaktad\u0131r.<\/span><\/p>\n

H\u0130SSE BA\u015eINA KAZAN\u00c7<\/span><\/strong><\/h3>\n

Belki de kurumsal finansal raporlarda en \u00e7ok at\u0131f yap\u0131lan say\u0131 hisse ba\u015f\u0131na kazan\u00e7t\u0131r (EPS). EPS, adi hisse senedine odaklan\u0131r ve toplam \u015firket gelirinin tek bir adi hisse senedine uygulanabilir k\u0131sm\u0131n\u0131 g\u00f6sterir. EPS’nin raporlanmas\u0131, firman\u0131n basit veya karma\u015f\u0131k bir sermaye yap\u0131s\u0131na sahip olup olmad\u0131\u011f\u0131na ba\u011fl\u0131d\u0131r. Basit bir sermaye yap\u0131s\u0131, \u00f6denmemi\u015f adi hisse senetleri d\u0131\u015f\u0131nda \u201cpotansiyel\u201d adi hisse senetleri i\u00e7ermez.<\/span><\/p>\n

Karma\u015f\u0131k bir sermaye yap\u0131s\u0131, adi hisse senedine ek olarak, potansiyel adi hisse senedi ihra\u00e7lar\u0131n\u0131 temsil eden di\u011fer menkul k\u0131ymetleri veya anla\u015fmalar\u0131 i\u00e7erir. Potansiyel adi hisse senedi ihra\u00e7lar\u0131na \u00f6rnek olarak, \u00f6denmemi\u015f hisse senedi opsiyonlar\u0131n\u0131n yan\u0131 s\u0131ra d\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir tahviller ve d\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir imtiyazl\u0131 hisse senetleri dahildir.<\/span><\/p>\n

Basit sermaye yap\u0131s\u0131na sahip firmalar, temel EPS’nin bir \u00f6l\u00e7\u00fcs\u00fcn\u00fc bildirir ve karma\u015f\u0131k sermaye yap\u0131s\u0131na sahip firmalar, temel ve seyreltilmi\u015f EPS’nin \u00f6l\u00e7\u00fcmlerini bildirir. Temel ve seyreltilmi\u015f EPS hesaplamalar\u0131 a\u015fa\u011f\u0131da a\u00e7\u0131klanm\u0131\u015f ve g\u00f6sterilmi\u015ftir.<\/span><\/p>\n

Temel EPS<\/span><\/strong><\/p>\n

Temel EPS, adi hissedarlara sa\u011flanan gelirin, \u00f6denmemi\u015f ortalama hisse say\u0131s\u0131na b\u00f6l\u00fcnmesiyle hesaplan\u0131r. \u00d6rne\u011fin, Starbright \u015eirketi 2001 y\u0131l\u0131nda 99 milyon $ net gelir bildirdi ve t\u00fcm y\u0131l boyunca 45 milyon adi hisse senedine sahipti. Star-parlak’\u0131n 2001 EPS’si a\u015fa\u011f\u0131daki gibi hesaplanan 2,20$’d\u0131r.<\/span><\/p>\n

Hisse Senedi De\u011fi\u015fimi ile Temel EPS Hesaplamalar\u0131<\/span><\/strong><\/h3>\n

B\u00fcy\u00fck bir firman\u0131n \u00f6denmemi\u015f hisselerinin y\u0131l boyunca sabit kalmas\u0131 al\u0131\u015f\u0131lmad\u0131k bir durumdur. Ek hisse senedi i\u015flemleri, hisse say\u0131s\u0131n\u0131n y\u0131l i\u00e7inde de\u011fi\u015fmesine neden olur. Bu durumlarda, EPS hesab\u0131ndaki payda, y\u0131l i\u00e7inde mevcut olan adi hisse senetlerinin a\u011f\u0131rl\u0131kl\u0131 ortalamas\u0131d\u0131r. \u00d6rnek vermek gerekirse, Starbright’\u0131n 2001 y\u0131l\u0131nda 118 milyon dolarl\u0131k net gelir bildirdi\u011fini ve firman\u0131n adi hisselerinin g\u00f6sterildi\u011fi gibi de\u011fi\u015fti\u011fini varsayal\u0131m.<\/span><\/p>\n

2001 y\u0131l\u0131 i\u00e7in Starbright’\u0131n EPS’sini hesaplamak i\u00e7in, \u00f6nce firman\u0131n y\u0131l boyunca \u00f6denmemi\u015f a\u011f\u0131rl\u0131kl\u0131 ortalama hisselerini belirlememiz gerekiyor. Hesaplama, g\u00f6r\u00fcnmektedir ve her bir \u00f6denmemi\u015f hisse seviyesinin, y\u0131l\u0131n sabit kald\u0131\u011f\u0131 kesri ile a\u011f\u0131rl\u0131kland\u0131r\u0131ld\u0131\u011f\u0131n\u0131 g\u00f6stermektedir.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Tercih Edilen Stok Adi hisse senedine ek olarak, firmalar genellikle temett\u00fcler a\u00e7\u0131s\u0131ndan adi hisse senedine g\u00f6re \u00f6ncelikli hak talebi olan imtiyazl\u0131 hisse senedi \u00e7\u0131kar\u0131rlar. Ayr\u0131ca, firma varl\u0131klar\u0131n\u0131 tasfiye ederse ve varl\u0131\u011f\u0131n\u0131 sona erdirirse, herhangi bir varl\u0131k adi hissedarlara da\u011f\u0131t\u0131lmadan \u00f6nce imtiyazl\u0131 hissedarlar\u0131n talepleri kar\u015f\u0131lanacakt\u0131r. Kurumsal finansal raporlarda imtiyazl\u0131 hisse senedi tan\u0131m\u0131, hisse senedi ihrac\u0131n\u0131n \u00f6zelliklerini…
Devam\u0131<\/a><\/p>\n","protected":false},"author":6,"featured_media":9967,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[25271,25270,25269],"tags":[25274,25273,25272],"class_list":["post-10532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-convertible-bond","category-convertible-note-nedir","category-paya-donusturulebilir-borc-sozlesmesi","tag-convertible-bond","tag-convertible-note-nedir","tag-paya-donusturulebilir-borc-sozlesmesi"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t