Defining Issues | August 2020
KPMG reports on amendments to reduce accounting models for convertible instruments and simplify contracts in own equity.
ASU 2020-06 reduces the number of accounting models for convertible instruments and allows more contracts to qualify for equity classification.
ASU 2020-06
FASB simplifies accounting for convertible instruments and contracts
Download PDFChanges to accounting for debt and equity, and EPS
KPMG webcast on ASU 2020-06, affecting convertible debt, contracts in an entity’s own equity and EPS.
How convertible debt will be affected by ASU 2020-06
KPMG provides guidance on how ASU 2020-06 will affect convertible debt an issuer can settle in cash and/or shares.
Receive the latest financial reporting and accounting updates with our newsletters and more delivered to your inbox.
Access our accounting research website for additional resources for your financial reporting needs.