Roadmap
Issuer’s Accounting for Debt
(March 2022)
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This Roadmap provides an overview of
the FASB’s authoritative guidance on the issuer’s accounting for debt arrangements
(including convertible debt) as well as our insights into and interpretations of how
to apply that guidance in practice.
The 2022 edition includes updated
and expanded guidance that reflects, among other changes, amendments made by ASU
2020-06 to ASC 260 under which an entity, when calculating diluted earnings per
share, may no longer overcome the presumption of share settlement for a contract
that may be settled in stock or cash.
For a discussion of the issuer’s
accounting for convertible debt before the adoption of ASU 2020-06, see Deloitte’s
Roadmap Convertible Debt
(Before Adoption of ASU 2020-06).
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.