Industry Insights

Proposal Simplifies Debt Classification

February 2017

The Financial Accounting Standards Board issued a proposal replacing complex rules on classifying debt as current or noncurrent on the balance sheet with a simple principle. In a change from current practice, debt refinanced on a long-term basis after period-end would no longer be reclassified from current—based on its existing maturity date—to noncurrent based on the refinancing.

BKD LinkedIn BKD Twitter BKD Youtube BKD Google Plus