The accounting impact of the LIBOR transition
The accounting impact of the LIBOR transition
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The accounting impact of the LIBOR transition

Uncover the potential accounting impact of shift in benchmark rate

The London Interbank Offered Rate (LIBOR) is expected to be phased out after 30 long years, and the shift to an alternative baseline reference rate could have a cascading effect beyond contract terms into the operations and financial reporting of thousands of institutions. Organizations that don’t act now may face increasing costs and resource needs to manage the transition in the coming years.

The shift in benchmark rates is expected to have wide-ranging accounting impacts, including effects on hedge accounting, debt modification, and discount rates for impairment testing, lease accounting and fair valuation. 

The accounting impact of the LIBOR transition
Download the paper to further uncover the potential accounting impact of a shift in benchmark rate.