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Roadmap Series

Convertible Debt (Before Adoption of ASU 2020-06)

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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.