Webinar

Simplifying the Complex: Issuer's Accounting for Debt

  • Tuesday, January 24, 2023

    10:00am – 12:00pm
  • 2.00
    CREDITS
    Accounting

Most entities have some debt instruments. While accounting for certain debt issuances may be relatively straight forward, accounting for those with unique features such as conversion rights can be quite complex. In this course, we'll review the basic accounting and disclosure model under ASC 470 related to debt. Then, the course will explore the accounting implications of debt instruments with complex feature such as embedded derivatives and conversion features. Lastly, the course will review the accounting guidance related to debt modifications, extinguishments, and troubled debt restructurings.

Objectives

  • Recall key guidance related to accounting for debt instruments
  • Identify how to distinguish between a debt modification, extinguishment, and troubled debt restructuring
  • Recall the accounting for convertible debt
  • Identify the disclosure requirements related to debt
  • Identify the impact of recently issued ASUs concerning debt accounting

Highlights

  • Accounting for various types of debt instruments
  • Accounting for debt modifications, extinguishments, and troubled debt restructuring
  • Accounting for convertible debt
  • Disclosure requirements related to debt under ASC 470
  • Recent FASB ASUs impacting the accounting for debt instruments

Additional Information

Designed For

Small and medium-sized practicing CPAs and their staffs, who are engaged in attest engagements

Vendor

Surgent

Advanced Preparation

None

Credits

2.00 Accounting

Prerequisite

Experience in financial accounting and reporting

Course Number

2227629

Level of Knowledge

Intermediate

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