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Roadmap Series

Debt

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Debt

  • Download the PDF version (available without subscription).
  • 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 FASB’s authoritative guidance on the issuer’s accounting for debt arrangements as well as Deloitte’s insights into and interpretations of how to apply that guidance in practice.
Determining the appropriate accounting for debt arrangements can be time-consuming and complex. Terms that are significant to the accounting analysis may be buried deep within a contract’s fine print. To properly apply the numerous rules in U.S. GAAP, an issuer needs to closely analyze an instrument’s terms and conditions and the related facts and circumstances. The outcome of the analysis could significantly affect the classification, measurement, and earnings impact of the debt arrangement and associated financial statement ratios.
The guidance in this Roadmap is based on U.S. GAAP before the adoption of ASU 2020-06. For more information about ASU 2020-06, including its transition provisions, see Deloitte’s August 5, 2020, Heads Up.
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.