We recently submitted to the FASB an agenda request, asking the Board to clarify the scope and application of ASC 480 to legal form debt instruments. We believe such a project should address whether legal form debt instruments may be within the scope of ASC 480 and, if so, should clarify how to apply certain guidance in ASC 480 to debt instruments that may be settled by the issuer transferring to the creditor a variable number of the issuer’s shares with a total fixed monetary value (referred to as “share-settled debt”).
We have observed diversity in practice related to this pervasive issue.
Download our letter to read our request and suggestions in full.
More comment letters
No Results Found. Please search again using different keywords and/or filters.