ASC 470: debt
Plain-English guides to debt under US GAAP, each with a worked example.
1 guide
Related guides in other sections
- Modification of financial assets and liabilities under IFRS 95 minute readHow IFRS 9 treats a modification of financial assets and liabilities: the 10% test, substantial modifications, modification gains or losses, with an example.
- Amortised cost and the effective interest method under IFRS 95 minute readHow the effective interest method works under IFRS 9: calculating the effective interest rate with fees and transaction costs, and the amortised cost schedule.
About these guides
The guides explain the standard in our own words, with our own examples, and point to the paragraphs they rely on. They are general information, not advice for your situation. Read them alongside the standard itself, and check when your regulator adopts it.