PwC comments on the FASB’s liabilities vs. equity proposal

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Comment letter , PwC US Oct 14, 2019

PwC has commented on the FASB’s proposal to amend the guidance for distinguishing between liabilities and equity. See what we think.

Overview

PwC has commented on the FASB’s proposal to amend the guidance for distinguishing liabilities from equity. The proposed changes are intended to simplify the accounting for convertible instruments and contracts in an entity’s own equity, as well as the related earnings per share considerations. In addition, the FASB is proposing additional disclosure requirements.

We believe some of the proposed changes would simplify and improve financial reporting and provide decision-useful information for investors. However, we do not agree with certain of the proposed amendments that would remove guidance that practice often utilizes to distinguish liabilities from equity.

Contact us

Heather Horn

Heather Horn

US Strategic Thought Leader, National Professional Services Group, PwC US

Chip  Currie

Chip Currie

Partner, National Professional Services Group, PwC US

David Schmid

David Schmid

International Accounting Leader, National Professional Services Group, PwC US

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