Roadmap
Convertible Debt (Before Adoption
of ASU 2020-06) (April 2021)
- Download the PDF version (available without subscription; not updated after issuance).
- View the active version (subscription required; updated as warranted). For subscribers, links to substantive changes made to the Roadmap since its issuance, if any, will be provided below.
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.
The 2021 edition includes updated and expanded guidance as well as On the Radar, a new section that briefly summarizes
emerging issues and trends related to the accounting and financial reporting topics
addressed in the Roadmap.
Note that this Roadmap replaces the
Deloitte Q&As that were contained in ASC 470. To find the text in the Roadmap
that corresponds to a former Q&A, select the “Convertible Debt” tab at the
bottom of the Q&A to
Roadmap Quick Reference Guide and search for the Q&A’s
number or title.
In addition, entities that have
adopted ASU 2020-06 should consider Deloitte’s Roadmap Issuer’s Accounting for Debt, which
discusses the classification, initial and subsequent measurement, and presentation
and disclosure of debt, including convertible debt.
Be sure to check out other titles in Deloitte’s Roadmap
series, our comprehensive, easy-to-understand collection of
accounting guides on selected topics of broad interest to the financial reporting
community.