Proposed Accounting Standards Update · 2025
Proposed Accounting Standards Update 2025-ED200—Debt—Modifications and Extinguishments (Subtopic 470-50) and Liabilities—Extinguishments of Liabilities (Subtopic 405-20): Accounting for Debt Exchanges
The amendments in this proposed Update improve the financial accounting by specifying that an exchange of debt instruments that meets certain requirements should be accounted for by the debtor as the issuance of a new debt obligation and an extinguishment of the existing debt obligation.
For more information, see the following:
Issued: April 30, 2025
Comments Due: May 30, 2025
The Exposure Draft identifies the Codification Sections that may be changed upon issuance of the guidance.
Text as published in the FASB Accounting Standards Codification, Basic View.