Reducing Cost and Complexity
On July 13, 2017, the FASB issued ASU 2017-11 to provide new guidance for the classification and accounting of financial instruments with down round features.
The new guidance is intended to reduce the cost and complexity of accounting for such instruments by no longer precluding them from equity classification, resulting in a potential reduction in the frequency (and cost) of recurring fair value measurements. Our Alert has the details.
