# ASC 470-20-65: Debt — Debt with Conversion and Other Options — 65 Transition and Open Effective Date Information Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/470/20/#65-transition-and-open-effective-date-information) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T00:31:45.764Z to 2026-09-10T00:31:45.764Z Record version: sha256:196a1dc8f8cafd90a54570a20b53a1922039895405102760f910781457b12e55 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 470-20-65: 65 Transition and Open Effective Date Information [Read section](https://asc.understandingaccounting.org/asc/470/20/#65-transition-and-open-effective-date-information) SEC content: no ##### [470-20-65-1](https://asc.understandingaccounting.org/asc/470/20/#470-20-65-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:45.764Z to 2026-09-10T00:31:45.764Z Record version: sha256:8198fc8aed49d64ccae4ed8696ae9ef1a3e9daa8c84aa8526d5c17a42df39d15 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph superseded on 07/01/2010 after the end of the transition period stated in FASB Staff Position APB 14-1, _Accounting for Convertible Debt Instruments That May Be Settled in Cash upon Conversion (Including Partial Cash Settlement)_. ##### [470-20-65-2](https://asc.understandingaccounting.org/asc/470/20/#470-20-65-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:45.764Z to 2026-09-10T00:31:45.764Z Record version: sha256:bc24b3584c7125e43c2c1a90c5b1ff135ef5300fc37582e42a86601f49803214 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph superseded on 03/23/2010 after the end of the transition period stated in FASB Staff Position APB 14-1, _Accounting for Convertible Debt Instruments That May Be Settled in Cash upon Conversion (Including Partial Cash Settlement)_. ##### [470-20-65-3](https://asc.understandingaccounting.org/asc/470/20/#470-20-65-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:45.764Z to 2026-09-10T00:31:45.764Z Record version: sha256:13ae64fd5b51037741236e9565265e27fb68aefa1cb0fc835a31b341585b8b60 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph superseded on 06/20/2011 after the end of the transition period stated in Accounting Standards Update No. 2009-15, _Accounting for Own-Share Lending Arrangements in Contemplation of Convertible Debt Issuance or Other Financing_. #### Transition Related to Accounting Standards Update No. 2024-04, Debt—Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments ##### [470-20-65-4](https://asc.understandingaccounting.org/asc/470/20/#470-20-65-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:31:45.764Z to 2026-09-10T00:31:45.764Z Record version: sha256:e9e37b0fe7ead52572ae7557eb7374c004704e13f6c165239202915e9b9bfd13 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Accounting Standards Update No. 2024-04](https://asc.understandingaccounting.org/updates/asu-2024-04/) 2027-06-14 2025-12-16 2025-12-16 2025-12-16 2025-12-16 2025-12-16 2025-12-16 2025-12-16 2025-12-16 2025-12-16 2025-12-16 2025-12-16 2025-12-16 2025-12-16 2025-12-16 The following represents the transition and effective date information related to Accounting Standards Update No. 2024-04, _Debt—Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments_: **Effective date and early adoption** 1. a All entities shall apply the pending content that links to this paragraph for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods. 2. b Early adoption of the pending content that links to this paragraph is permitted in an interim or annual reporting period in which financial statements have not yet been issued (or made available for issuance), but no earlier than the adoption of the pending content that links to paragraph [815-40-65-1](https://asc.understandingaccounting.org/asc/815/40/#815-40-65-1). If an entity adopts the pending content that links to this paragraph in an interim reporting period, it shall adopt the pending content as of the beginning of the annual reporting period that includes that interim reporting period. **Transition method** 1. c An entity shall apply the pending content that links to this paragraph prospectively to settlements of convertible debt instruments that occur during annual reporting periods (and interim reporting periods within those annual reporting periods) beginning after the effective date of the pending content. 2. d An entity may elect to apply the pending content that links to this paragraph retrospectively as of the beginning of the first comparative reporting period in accordance with the guidance on accounting changes in paragraphs [250-10-45-5 through 45-10](https://asc.understandingaccounting.org/asc/250/10/#250-10-45-5) . This transition method shall be applied only to convertible debt instruments settled after the adoption of the pending content that links to paragraph [815-40-65-1](https://asc.understandingaccounting.org/asc/815/40/#815-40-65-1). **Transition disclosures** 1. e An entity that applies the pending content that links to this paragraph prospectively in accordance with (c) shall disclose the nature of and reason for the change in accounting principle in the financial statements of both the interim reporting period (if applicable) and the annual reporting period of the change. 2. f An entity applying the pending content that links to this paragraph retrospectively in accordance with (d) shall provide the following transition disclosures in the financial statements of both the interim reporting period (if applicable) and the annual reporting period of the change: 1. 1 The nature of the change in accounting principle, including an explanation of the newly adopted accounting principle 2. 2 The method of applying the change 3. 3 The cumulative effect of the change on retained earnings or other components of equity in the statement of financial position as of the beginning of the first period for which the pending content that links to this paragraph is initially applied 4. 4 The effect of the change on income from continuing operations, net income (or other appropriate captions of changes in the applicable net assets or performance indicator), any other affected financial statement line item, and any affected per-share amounts for any prior periods retrospectively adjusted.