United States

ASU 2015-15: Interest-Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements

Nov 04, 2016
From Financial Reporting View

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This podcast features professionals from KPMG’s Department of Professional Practice discussing ASU 2015-15, Interest-Imputation of Interest (Subtopic 835-30), which provides guidance on the presentation and subsequent measurement of debt issuance costs associated with line-of-credit arrangements. This guidance adds on to ASU 2015-03, Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs, which requires entities to present debt issuance costs related to a recognized debt liability as a direct deduction from the carrying amount of that debt liability. 

 

For additional information on ASU 2015-03, read our Defining Issues 15-14.