Here's a real-life example of an interesting difference
between IFRS (International Financial Reporting Standards) and old
Canadian GAAP (Generally Accepted Accounting Principles):
"The terms of the Company's interest-bearing loans
and borrowings were disclosed in note 12 to the Company's
(earlier) annual financial statements. As noted therein, the terms
of the 2013 and 2016 Convertible Notes provide that they are
convertible into common shares of the Company, at the option of the
holder, at a defined conversion rate; however, the Company may
elect to deliver, in lieu of its common shares, cash or a
combination of cash and common shares. The Company's option to
deliver cash on the conversion date in lieu of common shares gives
rise to an embedded derivative financial liability, measured
separately at fair value through profit or loss because it is not
closely related to the underlying Convertible Notes. On initial
recognition, for each series of the Convertible Notes,
