Debt
FEATURED ARTICLES
All articles in this category pertain to debt. Debt is an amount owed to a lender after borrowing funds. The borrower promises to pay back the lender according to agreed upon terms, usually plus interest. Some common examples of debt include student loans, car loans, or credit card debt. The four main categories of debt are secured debt, unsecured debt, revolving debt, and mortgages.
Learn more about debt below.
Recent articles
FASB Eliminates Accounting Guidance for Troubled Debt Restructurings by Creditors
The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2022-02, Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. The amendments intend to improve the decision usefulness of...
FASB expands CECL disclosures to address troubled debt restructurings, write-offs
The Financial Accounting Standards Board released an accounting standards update Thursday aimed at improving the usefulness of information offered to investors about certain loan refinancings, troubled debt restructurings, vintage disclosures and gross write-offs,...
Last minute change: Amendment to the discount rate guidance in ASC 842
Learn about recent updates to ASC 842 as the deadline approaches.
FASB Proposes to Eliminate Accounting Guidance for Troubled Debt Restructurings
The Financial Accounting Standards Board (FASB) has issued proposed Accounting Standards Update (ASU), Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. The proposed ASU intends to improve the decision usefulness of...
FASB Amendments to Topic 842 Risk-Free Discount Rate Practical Expedient
Learn about FASB updates to discount rates under ASC 842.
FASB eases discount rate guidance for nonpublic lessees
The Financial Accounting Standards Board issued an accounting standards update Thursday in an effort to simplify the discount rate guidance for lessees that aren’t public companies, including private companies, nonprofits and employee benefit plans.The amendments in...