Nov 04, 2016
From Financial Reporting View
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.