Equity Financial Instruments In addition to Debt, equity financial instruments is an alternative financing method. There are numerous intricacies surrounding equity instruments such as the classification of preference shares or accounting for equity component in compound financial instruments. The classification has a direct impact on financial statement ratios. Yet, equity instruments are relatively under-developed compared to financial assets and liabilities. The lack of coverage or guidance of equity in standards implies more discretion for companies in applying accounting practices regarding this item. Overall, we did not receive a lot of comments for our group report. In response to question 5 of the peer assessment, they said our reports had shown some improper use of tense, clauses and words but did not give specific examples. We have proofread the reports many times to minimize these errors. In response to question 6 where we were criticized for lacking evidence, elaboration and comparison of equity instruments. We have rewritten the whole equity section by expanding our analysis to recognition, measurement, presentation and disclosure. Also, we integrate the comparison of accounting practices of 8 companies in each section for comparison.