FASB Tries Again on Debt Classification Rules

Thoughtware Article Published: Sep 24, 2019
Hands pointing at charts and a computer

Current debt classification guidance is rules-based, leading to unnecessary complexity and inconsistent debt classification for economically similar arrangements. A proposal from FASB, which just issued a second exposure draft, would replace current narrow scope guidance with a principle. Read on for more information on FASB’s proposal.


Kate & Ben — How can we help you? Contact Us!

How can we help you?