A Study of the Accounting Impact of the New Standard on Debt Restructuring
Lei Yiyang *
Xiamen University, Tan Kah Kee College, China.
*Author to whom correspondence should be addressed.
Abstract
After the introduction of the new standard on debt restructuring in 2019, this article analyzes the motivation of debt restructuring, compares the differences between the old and new standards on debt restructuring and analyzes the different effects of the new and old standards on the accounting treatment of creditors and debtors with case data, and finally proposes corresponding suggestions for some of the problems existing in the new standard.
Keywords: Debt restructuring, creditors, debtors