Roadmap: Convertible Debt (Before Adoption of ASU 2020-06) (2023)

Published on: 03 Apr 2023

This Roadmap provides an overview of the requirements in ASC 470-20 related to convertible debt before the amendments made by ASU 2020-06. It includes our insights into and interpretations of how this accounting guidance should be applied by entities that have not adopted ASU 2020-06.

This Roadmap will not be updated after 2023 because ASU 2020-06 is effective for all entities for fiscal years beginning after December 15, 2023. Entities that have adopted ASU 2020-06 should consider Deloitte’s Roadmap Issuer’s Accounting for Debt, which discusses the classification, initial and subsequent measurement, and presentation and disclosure of debt, including convertible debt.

The Roadmap is available on the Deloitte Accounting Research Tool Web site.

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