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Deferred financing costs or debt issuance costs is an accounting concept meaning costs associated with issuing debt (loans and bonds), such as various fees and commissions paid to investment banks, law firms, auditors, regulators, and so on. Since these payments do not generate future benefits, they are treated as a contra debt account.
Capitalization of Interest Cost in Situations Involving Certain Tax-Exempt Borrowings and Certain Gifts and Grants—an amendment of FASB Statement No. 34: June 1982: 63: Financial Reporting by Broadcasters: June 1982: Amended by SFAS No. 139 64: Extinguishments of Debt Made to Satisfy Sinking-Fund Requirements—an amendment of FASB Statement ...
Issue Date Changes (note: para. stands for paragraph) 1. Accounting Changes Related to the Cost of Inventory—an interpretation of APB Opinion No. 20 June 1974: None; 2. Imputing Interest on Debt Arrangements Made under the Federal Bankruptcy Act—an interpretation of APB Opinion No. 21 June 1974: Superseded by FASB Statement 15, para. 10; 3.
The U.S. corporate bond market is set to break new issuance records as borrowers take advantage of lower financing costs than last year and investors, emboldened by the prospect of an economic ...
With U.S. debt now at $35.3 trillion, the cost of paying the interest on all that borrowing has soared recently and now averages out to $3 billion a day, ...
The FASB expects that the new system will reduce the amount of time and effort required to research an accounting issue, mitigate the risk of noncompliance with standards through improved usability of the literature, provide accurate information with real-time updates as new standards are released, and assist the FASB with the research efforts ...
The FASB then implemented SFAS 157 which established new standards for disclosure regarding fair value measurements in financial statements in 2006. [31] That same year, the FASB added Investor Liaisons to its staff, who would be responsible for reaching out to investors to hear feedback on the various FASB activities. [32]
Atlas Air Worldwide Reports Fourth-Quarter and Full-Year 2012 Earnings 4Q12 Adjusted Net Income Up 23% to $48.7 Million, $1.83 per Share Full-Year Adjusted Net Income Rose 17% to $127.0 Million ...