Roadmap
Convertible Debt (Before Adoption
of ASU 2020-06) (April 2022)
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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.
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.
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.