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Deloitte's Roadmap: Debt

Debt

This Roadmap provides an overview of the FASB’s authoritative guidance on the issuer’s accounting for debt arrangements as well as Deloitte’s insights into and interpretations of how to apply that guidance in practice.

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  • US GAAP
This Roadmap provides an overview of the FASB’s authoritative guidance on the issuer’s accounting for debt arrangements as well as our insights into and interpretations of how to apply that guidance in practice.
Determining the appropriate accounting for debt arrangements can be time-consuming and complex. Terms that are significant to the accounting analysis may be buried deep within a contract’s fine print. To properly apply the numerous rules in U.S. GAAP, an issuer needs to closely analyze an instrument’s terms and conditions and the related facts and circumstances. The outcome of the analysis could significantly affect the classification, measurement, and earnings impact of the debt arrangement and associated financial statement ratios. The guidance in this Roadmap is based on U.S. GAAP before the adoption of ASU 2020-06.