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Simplifying the presentation of debt issuance cost

The objective of this project is to simplify the presentation of debt issuance cost by aligning its presentation with debt discount or premium.

 

Meeting minutes

FASB Board discussions regarding this project are found in the following meeting minutes:

  • February 18, 2015 — The Board discussed constituents’ feedback on its proposed Accounting Standards Update (ASU) that would simplify the presentation of debt issuance costs in the financial statements.
  • January 28, 2015 — The Board discussed alternative principles for determining the classification of debt within a classified balance sheet.
  • August 13, 2014 — The Board added this project to its agenda and began deliberations.

 

Current status

On April 7, 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs.

 

Project milestones

DateDevelopmentComments
August 13, 2014 Added to the FASB's technical agenda.
October 14, 2014 Proposed ASU, Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Cost. Comment deadline December 15, 2014.
April 7, 2015 FASB Accounting Standards Update No. 2015-03, Simplifying the Presentation of Debt Issuance Costs. Effective December 15, 2015, for public entities.

Correction list for hyphenation

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