PwC US GAAP Financing transactions guide

The accounting guidance for the issuance, modification, conversion, and repurchase of debt and equity securities has developed over many years into a complex set of rules. This PwC guide provides a summary of the guidance relevant to the accounting for debt and equity instruments and serves as a roadmap to the applicable accounting literature. Portions of this guide assume that ASU 2020-06Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in an Entity’s Own Equity (Subtopic 815-40), have been adopted. This guidance has significantly changed the accounting for convertible debt and has simplified the accounting for contracts in an entity’s own equity. Each chapter discusses the relevant accounting literature and includes specific questions and examples to illustrate its application.

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