debt - The GAAP Site

Issuer’s Accounting for Debt under US GAAP Deloitte 2021 Roadmap

July 31, 2021August 19, 2021 alishan No Comments

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. Determining the appropriate accounting for debt arrangements can be time-consuming and complex. Terms that are significant to the accounting…

Deloitte US GAAP Publications

Acquiring loans Accounting by banks for loans

April 21, 2021August 21, 2021 alishan No Comments

IFRS 9 Financial Instruments sets out the general principles for recognising, classifying, and measuring financial assets – e.g. loans. These principles apply for both originated and acquired loans and for certain loan commitments, but how do they apply? This KPMG Publication deals with Accounting by banks for loans acquired either directly or through a business combinations. Download…

KPMG IFRS Publications

COVID 19: Debt modifications

February 10, 2021August 21, 2021 alishan No Comments

This afternoon, I was doing some research on Debt Modifications under IFRS 9 and found this article quite helpful on one of the aspects I needed help with. Amazing work by Sarah Carroll at Grant Thornton UK. Flowchart is instrumental in giving you a bird’s eye view about important aspects of the standard. Source: Grant…

Grant Thornton IFRS Publications, IFRS