Debt securities

The FASB clarifies the accounting of repayable debt securities

The FASB on Thursday released rule amendments to clarify an entity’s accounting responsibilities related to callable debt securities. Update of accounting standards (ASU) n ° 2020-08, Improvements in the coding of sub-theme 310-20, Receivables – Non-reimbursable costs and other costs, states that an entity shall reassess whether a repayable debt obligation falls within the scope […]