Proposed ASU 2017-200 — Debt (Topic 470)—Simplifying the Classification of Debt in a Classified Balance Sheet (Current versus Noncurrent)

This proposed Update is intended to improve financial reporting by simplifying guidance used to determine whether debt should be classified as current or noncurrent in a classified balance sheet. It would replace the existing, fact-specific guidance with an overarching, cohesive principle for debt classification that focuses on a borrower's contractual rights and obligations that exist as of the reporting date.

For more information, see the following:

Issued: January 10, 2017

Comments Due: May 5, 2017

The Exposure Draft identifies the Codification Sections that may be changed upon issuance of this guidance.

• 470-10-05-1
• 470-10-15-1
• 470-10-35-1
• 470-10-45-1
• 470-10-50-1
• 470-10-55-1
• 210-10-45-1
• 470-20-45-1
• 470-20-45-3
• 480-10-45-1
• 852-10-45-1
• 855-10-15-1