Course ID: DEBT

Debt: Accounting and Financial Reporting Risks

The fair presentation and disclosure of debt can be difficult to evaluate, due to the uncertainties and complexities of accounting. This course will provide insights into the most common issues faced in the accounting and financial reporting of debt, including the impact of recent accounting standards updates.

Learning Objectives

  • Describe the complexities behind the accounting and fair presentation of debt
  • Explain common issues encountered when testing an entity’s compliance with debt covenants and other contractual requirements
  • Discuss the proper classification of debt between current and long-term
  • Describe recent changes in accounting standards related to debt

Major Topics

  • Discussion of debt subject to classification
  • Guidance on callable obligations
  • Accounting for lock-box or revolving credit arrangements
  • Refinancing of short-term obligations
  • Overview of debt with conversion options and other special debt considerations
  • Treatment of debt modifications and exchanges, including debt extinguishments or troubled-debt restructurings

Advanced Preparations


Who Should Attend

Industry and public accountants

Fields of Study





Business Learning Institute

CPE Credits




This course is available for your group as:


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