This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

U.S. comment letter on simplifying the presentation of debt issuance costs

Published on: Dec 10, 2014

Deloitte & Touche LLP comments on the proposed Accounting Standards Update, Simplifying the Presentation of Debt Issuance Cost, issued by the FASB on October 14, 2014.

An excerpt from the comment letter is shown below:

We support the Board’s efforts to quickly make improvements to aspects of U.S. GAAP that are unnecessarily complex and costly as part of its simplification initiative. With respect to the presentation of debt issuance cost, we agree with the Board’s proposal to simplify the balance sheet presentation of debt issuance costs by treating them as a direct deduction from the carrying amount of the related liability rather than as a separate asset.

Full text of the comment letter is available below.

Download

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.