United States

KPMG Comments on FASB Proposal on the Presentation of Debt Issuance Cost

Jan 12, 2015
From the Financial Reporting Network

KPMG LLP recently commented on the proposed FASB ASU, Simplifying the Presentation of Debt Issuance Cost, which would require debt issuance costs to be presented in the balance sheet as a direct deduction from the carrying amount of the related liability. KPMG supports the proposal because it would conform the balance sheet presentation of debt issuance costs to the presentation of debt discounts and premiums, and would eliminate the difference between U.S. GAAP and IFRS.

Read KPMG Comment Letter

Read Proposed FASB ASU