- US GAAP
This Roadmap provides an overview of the requirements in ASC 470-20 related to convertible debt before the amendments made by ASU 2020-06. It includes our insights into and interpretations of how this accounting guidance should be applied by entities that have not adopted ASU 2020-06.
This Roadmap is intended to help an issuer navigate the guidance, organize its analysis, and arrive at appropriate accounting conclusions.
Note that in August 2020, the FASB issued ASU 2020-06, which significantly affects the issuer’s accounting for convertible debt instruments. Because this Roadmap is based on GAAP before the amendments made by ASU 2020-06, it should not be used by entities that have adopted that ASU. The 2022 edition of Deloitte’s Roadmap Issuer's Accounting for Debt addresses an issuer’s accounting for convertible debt after adoption of ASU 2020-06.