They are available free online along with timely Global Tax Alerts and other great publications on ey.com or in our EY Debt Advisory professionals across KPMG’s member firms have extensive experience, insight and market presence to provide holistic and conflict-free advice to match your strategic objectives. This publication is designed to assist professionals in understanding the interest rate applied to the modified debt from restructuring date on, that is, apply 6.5% instead of 5% and therefore the 7.61 loss will be amortized over the remaining term of the debt (year 8); or b) Immediately account for a modification loss of 7.61 in profit or loss at the restructuring date, adjusting the book value of the debt to For a variety of reasons, borrowers and lenders may renegotiate the terms of existing loans or exchange an existing loan for a new loan with the same lender. We’ve also updated it to include clarifications on the interaction between ASC 321, ASC 323, and ASC 815 and address the recently issued ASU 2020-08 for amortizing premiums on certain callable debt securities. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. In addition, our audit and tax professionals would be pleased to discuss with you any other issues related to your tax and financial reporting needs. Handbook: Debt and equity financing October 02, 2020. A guide to accounting for debt modifications and restructurings. To our clients and other friends This Financial reporting developments publication is designed to help you understand the financial reporting issues associated with applying the consolidation models and consolidation procedure. EY is a global leader in assurance, consulting, strategy and transactions, and tax services. September 2020 EY professionals are prepared to help you identify and understand the issues related to income taxes. Accounting Standards Codification (ASC) 230, Statement of Cash Flows, addresses the presentation of the statement of cash flows. Handbook: Consolidation September 30, 2020. The new KPMG in-depth consolidation guide, covering variable interest entities, voting interest entities and NCI. Separating convertible debt into two units of account under the cash conversion accounting model results in the debt being recorded at a discount to the principal amount, and that discount is recognized as incremental non-cash interest expense over the expected life of the convertible debt. WHITE PAPER Brian Marshall Updated November 2020. We offer hands-on assistance in analyzing options, structuring, arranging and achieving financial close across the full spectrum of debt products. Each of the Tax Guides represents thousands of hours of tax research. Debt ratio 36.53% m Capital structure derived from peer group median value (Capital IQ) Corporate income tax rate 18.00% n Corporate income tax rate (EY Worldwide Corporate Tax Guide) WACC (rounded) 8.2% = g x l + k x m x (1 - n) 1 Team overview 2 Introduction 3 Cost of equity 4 Cost of debt 5 Further parameters Global Oil and Gas Tax Guide, the Worldwide R&D Incentives Reference Guide, the Worldwide Digital Tax Guide and the World­ wide Capital and Fixed Assets Guide. PwC's in-depth accounting guidance for topics of significant interest. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. Download guide. New KPMG in-depth guide uses Q&As and examples to explain the principles of accounting for debt and equity financings. Our Loans and investments guide has been updated to include a new chapter on accounting for beneficial interests. 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