Debt

The Financial Accounting Standards Board has released a staff educational paper offering an overview of the accounting guidance for debt restructurings and modifications.

The board is amending its guidance for determining whether debt should be classified as a current or noncurrent liability in a classified balance sheet, in response to input from private companies.

The changes will provide a single method for government issuers to report on conduit debt obligations and related commitments.

Small and midsized CPA firms often ask about best practices when it comes to funding their operations.

New guidance on a single method for government issuers could eliminate differences in practice.

The Governmental Accounting Standards Board released a new statement spelling out which liabilities should be disclosed related to debt.

When U.S. Senate lawmakers changed just two letters used for a calculation in their proposed tax bill, they may have increased the number of junk-rated companies that would be hurt by tax overhaul.

The Financial Accounting Standards Board has released an accounting standard update aimed at simplifying the accounting for financial instruments that have so-called “down round” features.

The Governmental Accounting Standards Board has issued guidance for state and local governments to use when they extinguish debt before it matures.