Induced Conversions of Convertible Debt Instruments

Name: The Ohio Society of CPAs
Address: 4249 Easton Way, Suite 150, Columbus, OH, 43219, US
Telephone: 1-614-764-2727
Price range: $

Written on Feb 9, 2024

In December, FASB issued a proposed ASU that helps organizations determine whether a transaction is an induced conversion or an extinguishment. The topic comes from stakeholder questions and was debated by the Emerging Issues Task Force (EITF). Comments are due March 18th.