This course provides an overview of the accounting requirements for debt issuance costs prescribed within ASC 835-30. It specifically addresses the accounting requirements for debt issuance costs both before and after the release of Accounting Standards Update (ASU) 2015-03 in April 2015. The revised accounting requirements are effective for all entities for fiscal years beginning after December 15, 2015. Upon completion of this course, you should be able to: Identify the accounting requirements for debt issuance costs prior to ASU 2015-03; recognize key aspects of the FASB’s simplification efforts; identify the key changes to the accounting for debt issuance costs based on ASU 2015-03; and identify the effective date and transition requirements for ASU 2015-03.
Basic understanding of accounting requirements for debt.