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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.


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