Authority and currency
About this authority
- Publisher
- Financial Accounting Foundation
- Standing
- Primary authority
- Version
- Topic 470 as accessed 2026-08-08
- Relevant parts
- Topic 470, Debt; especially Subtopics 470-10, 470-20, 470-30, and 470-50, with instrument-specific and liability-extinguishment cross-references
- Currency
- current · checked Aug 8, 2026
Topic 470 requires a dated contract-and-cash-flow chronology. Face amount, coupon terms, market yield, payment dates, issue proceeds, transaction costs, embedded terms, maturity, refinancing, covenant status, changed terms, and reacquisition consideration remain distinct facts. Pricing and amortization can be reperformed once those facts are supplied; they cannot establish the legal form, accounting scope, or modification-versus-extinguishment conclusion.