Appendix E — Roadmap Updates for 2023 | DART – Deloitte Accounting Research Tool

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Appendix E — Roadmap Updates for 2025

The table below summarizes the substantive changes made in the 2025 edition of this Roadmap.

Section	Title	Description
6.2.5.3	PIK Interest	Updated guidance on the accounting for PIK interest. Deleted Example 6-15 and renumbered the subsequent examples.
7.2.2	Scope	Clarified the discussion in Example 7-2 on the sale of patent infringement litigation claims.
8.1	Background	Added Changing Lanes to note the potential impact of a FASB proposed ASU that would amend the definition of a derivative.
8.2.3	Illustrations of the Identification of Embedded Features	Added Example 8-3 to provide an additional illustration of the identification of the unit of account. Renumbered subsequent examples.
8.4.7.5.2	Features That Must or May Be Settled in Cash Upon Settlement	Added Connecting the Dots to enhance guidance on embedded conversion features that must or may be settled in cash only upon the occurrence of a contingent event.
9.2.4.2	Legal Defeasance	Clarified the application of extinguishment accounting to defeasance transactions.
10.2.1	General	Clarified the application of ASC 470-50 to debt instruments carried at fair value.
10.2.13	Market Issuances of New Debt to Replace Old Debt	Added Changing Lanes to note the potential impact of a FASB proposed ASU that would amend the guidance on debt exchanges.
10.3.3.2.2	Cash Flows of New Debt	Added Example 10-4 to illustrate the application of the 10 percent cash flow test to a modification of a loan syndication that involves changes in principal amounts. Renumbered subsequent examples.
10.3.3.4	Consecutive Modifications or Exchanges	Amended guidance on consecutive modifications or exchanges and added Example 10-7. Renumbered subsequent examples.
10.3.4.4	Conversion Feature That Is Bifurcated Under ASC 815-15	Enhanced guidance that addresses the application of ASC 470-50 to convertible debt with a bifurcated conversion feature.
11.4.4.6	Variable-Rate Debt	Amended guidance on TDR accounting for variable-rate debt. Replaced Example 11-21 and added Example 11-22. Renumbered subsequent examples.
12.3.2	Conversion in Accordance With the Original Conversion Terms	Amended Connecting the Dots to enhance the guidance on convertible debt instruments that the issuer has elected to settle in cash.
12.3.4.1	Scope	Replaced Changing Lanes to address the issuance of ASU 2024-04. Added Examples 12-1 and 12-2. Renumbered subsequent examples.
13.3.4.2	Short-Term Obligations	Added Example 13-1 to address the analysis of the classification of borrowings on a credit facility whose maturity may be accelerated.
13.5.1.1	Unamortized Premiums, Discounts, and Debt Issue Costs	Added new section and Example 13-4 to address how covenant violations affect the accounting for unamortized premiums, discounts, and debt issue costs on debt. Renumbered subsequent examples.

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