Accounting of Compound Financial Instruments under Ind AS 32 and Ind AS 109 — A Practical Guide
This article offers a practical and comprehensive guide to accounting for Compound Financial Instruments (CFIs) such as CCDs, CCPS and OCDs under Ind AS 32 and Ind AS 109. It explains classification, liability–equity split, embedded derivatives, discounting, EIR calculation, and conversion accounting with clear examples and journal entries, enabling professionals to interpret and apply Ind AS requirements with confidence.