KPMG professionals discuss debt issuance including: the accounting treatment of discounts or premiums and issuance costs, as well as subsequent measurement. The discussion will include the classification framework for debt arrangements, including the impact of callable provisions or covenants, post balance sheet refinancing activities, and distinguishing debt from equity considerations. The FASB’s exposure draft of proposed changes to ASC 470 will potentially impact the analysis of debt as current versus noncurrent.
- No impact on entities that do not present a classified balance sheet
- Accounting for debt arrangements under ASC 470-10
- Classification framework for debt arrangements, distinguishing debt from equity considerations, and discussion of the FASB’s proposed changes to debt classification
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