{"id":56276,"date":"2015-04-07T19:40:00","date_gmt":"2015-04-07T19:40:00","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=3f9fb0fe36a56168274f759a474a7c3e"},"modified":"2015-04-07T19:40:00","modified_gmt":"2015-04-07T19:40:00","slug":"us-fasb-aligns-with-ifrss-on-presentation-of-debt-issuance-costs","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=56276","title":{"rendered":"US FASB aligns with IFRSs on presentation of debt issuance costs"},"content":{"rendered":"<p>The US Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) No. 2015-03, \u201cSimplifying the Presentation of Debt Issuance Costs\u201d, as part of its simplification initiative. The ASU changes the presentation of debt issuance costs in financial statements. Under the ASU, an entity presents such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortisation of the costs is reported as interest expense.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) No. 2015-03, \u201cSimplifying the Presentation of Debt Issuance Costs\u201d, as part of its simplification initiative. The ASU changes the presentation of debt i&#8230;<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/56276"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56276"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/56276\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}