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Entities raising capital by issuing debt instruments must account for those instruments in accordance with ASC 470 and other applicable U.S. GAAP. This publication briefly summarizes key issues for entities to consider when determining the appropriate accounting to apply.

The PCAOB has posted to its Web site discussion materials prepared on the basis of meetings held by the Board’s Inspections Modernization Council (IMC) in July and August 2026.

This Roadmap discusses an entity’s accounting for and presentation and disclosure of (1) debt obligations, such as bonds, loans, notes, and other payables, including convertible debt, and (2) commitments to obtain debt financing in the future, such as delayed-draw loan commitments, lines of credit, and revolving-debt arrangements. It also addresses the accounting for costs and fees associated with

At its August 19, 2026, meeting, the FASB discussed (1) consideration payable to a customer under ASC 606, (2) feedback received on revenue issues as part of its January 2025 agenda consultation, and (3) its project on crypto asset transfers.