Financial Accounting Issues

Current Issues In Accounting For Debt (Updated)

This course provides an overview of current issues in accounting for debt. This includes a discussion of the early extinguishment of existing untroubled debt as well as extinguishments, modifications, and exchanges of debt. This course also addresses the accounting and reporting requirements with respect to troubled debt restructurings as well as recently issued ASUs impacting accounting guidance related to debt.

Learning Objectives:

  • Recognize the principles and requirements related to the extinguishment of debt.
  • Identify guidance related to extinguishments, modifications, and exchanges of debt.
  • Recognize recent and proposed ASUs impacting the accounting for debt.
  • Differentiate between the types of troubled debt restructurings.

Prerequisites/Advanced Preparation:


Speaker / Author:

Deborah Rose, CPA, licensed as a CPA in Rhode Island, is an author for Loscalzo Institute, a Kaplan company, and has been with Loscalzo Institute for 30 years.

Debbie is a partner with Loescher, Rose & Co., CPAs, and retired in 2016 as full-time lecturer at the University of Rhode Island, College of Business Administration, where she taught accounting courses since 1978 and received its Excellence in Undergraduate Teaching Award in 2013.

Debbie has 37 years of public accounting experience, 9 of which were with Deloitte, Haskins and Sells and Arthur Young & Company. In addition to teaching and writing curriculum for Loscalzo Institute since 1988, she taught numerous regional and national programs for her firms and has been recognized as an Outstanding Discussion Leader by the AICPA.

Debbie has served as a board member for the Rhode Island Society of CPAs, and served for many years on its CPE Committee. She authored instructional materials for several Prentice Hall accounting textbooks and also participated as an invited speaker at that publisher's regional conferences for accounting educators. Debbie holds an MS in accounting from the University of Rhode Island and BS in mathematics from Simmons College.


Price (USD)

Standard: $24.95


Course Code : 99ROS02-V2

Release Date : 07/26/2021
Expire Date : 07/31/2023
Credits :
CPE 1.00
QAS 1.00

Course Level : Basic
Length : 50min
Course Type : QAS Self-Study

Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting
Theme : Financial Accounting Issues

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