Guide to Accounting for Financing Transactions: What You Need to Know about Debt, Equity, and the Instruments in Between - 2012 edition

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The accounting guidance for the issuance, modification, conversion and repurchase of debt and equity securities has developed over many years into a complex set of rules. Before the FASB codified the accounting standards, the accounting guidance applicable to a single transaction was contained in a number of separate FASB Standards, EITF Issues, interpretations, and speeches. Although the guidance is now codified within the FASB's Accounting Standards Codification, the analysis continues to involve detailed and sequential consideration of the relevant provisions of the guidance. This PwC Guide provides a roadmap to the applicable accounting literature to help you determine which steps are necessary for a particular transaction.

PwC's Guide to Accounting for Financing Transactions: What You Need to Know about Debt, Equity and the Instruments in Betweendescribes in detail the accounting guidance an issuer should consider when:

• Issuing debt, equity and hybrid securities (including determining whether the security should be classified as debt or equity for accounting purposes),
• Creating a noncontrolling interest,
• Modifying debt or equity securities,
• Inducing an investor to convert, and
• Buying back debt or equity securities.