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Accounting for Loans Receivable: A Comprehensive Guide
Author: Dr. Evelyn Reed, CPA, CMA, PhD in Accounting. (Dr. Reed is a Professor of Accounting at a leading business school and a seasoned accounting professional with over 20 years of experience in financial reporting and auditing, specializing in the intricacies of accounting for loans receivable.)
Publisher: The Institute of Certified Public Accountants (ICPA) – a globally recognized authority on accounting standards and best practices.
Editor: Mr. David Chen, CA – A Chartered Accountant with extensive experience in financial statement preparation and analysis, particularly concerning complex financial instruments like loans receivable.
Keyword: accounting for loans receivable
Introduction: Understanding the Nuances of Accounting for Loans Receivable
This comprehensive guide delves into the intricacies of accounting for loans receivable, a critical aspect of financial reporting for various entities, from banks and credit unions to smaller businesses extending credit to customers. Accurately reflecting loans receivable on the balance sheet and income statement requires a thorough understanding of accounting standards, relevant regulations, and the implications for financial analysis. This article will explore the various facets of accounting for loans receivable, providing practical insights and addressing common challenges.
H1: Initial Recognition and Measurement of Loans Receivable
The initial recognition of a loan receivable occurs when a lender provides funds to a borrower in exchange for a legally enforceable promise of repayment. The loan is recorded at its fair value, typically the principal amount lent. Accounting for loans receivable requires careful consideration of any upfront fees or points, which may need to be amortized over the loan's life. This initial measurement is crucial for establishing the foundation for subsequent accounting for loans receivable activities.
H2: Subsequent Measurement and Amortization
Once recorded, the loan receivable is generally measured at its amortized cost. This involves systematically reducing the carrying amount of the loan over its life, reflecting the passage of time and the accrual of interest. Different methods exist for amortization, such as the effective interest method, which is commonly required under International Financial Reporting Standards (IFRS) and generally accepted accounting principles (GAAP). The choice of method significantly impacts the presentation of accounting for loans receivable in financial statements.
H3: Impairment of Loans Receivable
A crucial aspect of accounting for loans receivable is assessing and accounting for impairment. When there's evidence that a borrower may not be able to repay the loan in full, the lender must recognize an impairment loss. This involves reducing the carrying amount of the loan receivable to its estimated recoverable amount. The process of determining impairment involves evaluating factors such as the borrower's creditworthiness, the economic environment, and the terms of the loan agreement. Specific accounting standards provide guidance on the methods used to assess and record impairment losses in accounting for loans receivable.
H4: Interest Income Recognition
Interest income is a vital component of accounting for loans receivable. It represents the return earned by the lender on the outstanding principal balance. Interest income is recognized using the accrual method, meaning it's recognized over time as it is earned, regardless of when it is actually received. The effective interest method ensures that the interest income is accurately recognized over the life of the loan. Proper accounting for loans receivable requires accurate calculation and recording of interest income.
H5: Loan Modifications and Restructuring
When a borrower faces financial difficulties, the lender might agree to modify the loan terms. These modifications, such as extending the repayment period or reducing the interest rate, require specific treatment in accounting for loans receivable. Accounting standards dictate how these modifications are accounted for, potentially requiring the recognition of additional impairment losses or adjustments to the amortized cost. The complexities of accounting for loans receivable significantly increase when dealing with loan restructuring.
H6: Presentation in Financial Statements
Loans receivable are presented on the balance sheet as a current or non-current asset, depending on the loan's maturity date. The presentation should clearly disclose the carrying amount of the loans receivable, any associated allowance for doubtful accounts (representing potential losses from non-repayment), and any significant changes in the loan portfolio. The income statement shows the interest income earned from loans receivable, net of any impairment losses. The notes to the financial statements provide further detail on the significant policies and methods used in accounting for loans receivable.
Conclusion
Effective accounting for loans receivable is crucial for accurate financial reporting and sound financial decision-making. Understanding the relevant accounting standards, the methods of measurement and amortization, impairment considerations, and the presentation requirements is essential for all organizations involved in lending activities. By adhering to established principles and best practices, lenders can ensure transparency, accuracy, and compliance in their financial reporting.
FAQs
1. What is the difference between a loan receivable and an account receivable? A loan receivable represents a formal loan agreement, often with detailed terms, while an account receivable is typically for goods or services sold on credit.
2. How is the allowance for doubtful accounts calculated? This is calculated based on historical experience, current economic conditions, and an assessment of individual borrowers' creditworthiness.
3. What accounting method is generally preferred for interest income recognition on loans receivable? The effective interest method is generally preferred due to its accuracy in reflecting the true economic yield of the loan.
4. What are the implications of not properly accounting for loans receivable? Incorrect accounting can lead to misstated financial statements, impacting credit ratings, regulatory compliance, and investor confidence.
5. How are loan losses recognized under GAAP and IFRS? Both GAAP and IFRS require the recognition of loan losses when there is objective evidence of impairment. Specific methodologies might differ, however.
6. What is the role of internal controls in the accounting for loans receivable? Strong internal controls are crucial to mitigate risks of fraud and error in the lending process and subsequent accounting.
7. How does securitization of loans affect accounting for loans receivable? Securitization involves transferring loans to a special purpose entity, potentially removing them from the lender's balance sheet depending on the specific criteria.
8. What are the tax implications of accounting for loans receivable? Interest income from loans receivable is typically taxable, while loan losses may be deductible depending on the applicable tax laws.
9. How does the accounting for loans receivable differ for banks versus non-bank lenders? While the underlying principles are similar, banks often face more stringent regulatory requirements and may use more sophisticated models for assessing loan risk and impairment.
Related Articles:
1. Loan Amortization Schedules and Their Importance: A detailed explanation of calculating and using loan amortization schedules for accurate interest calculation and repayment tracking in accounting for loans receivable.
2. Effective Interest Method vs. Straight-Line Method: A comparative analysis of the two methods used for interest income recognition in accounting for loans receivable, highlighting the advantages and disadvantages of each.
3. Impairment of Loans Receivable: Recognizing and Measuring Losses: An in-depth guide on identifying indicators of loan impairment and the accounting treatment required, crucial for accurate accounting for loans receivable.
4. Accounting for Loan Modifications and Restructurings: A thorough explanation of the complexities of accounting for loan modifications and how they impact financial statements, important for accurate accounting for loans receivable.
5. Internal Controls for Loans Receivable: Best practices and implementation guidelines for establishing robust internal controls to mitigate risks associated with loans receivable and maintain the accuracy of accounting for loans receivable.
6. Financial Statement Presentation of Loans Receivable: A guide on the proper presentation and disclosure of loans receivable and related information in accordance with GAAP and IFRS, essential for transparent accounting for loans receivable.
7. Regulatory Compliance for Loan Receivables: An overview of the key regulations and compliance requirements lenders must adhere to when accounting for loans receivable.
8. Credit Risk Assessment and its Impact on Accounting for Loans Receivable: How credit risk assessment methodologies influence the recognition of impairment losses and the overall process of accounting for loans receivable.
9. The Use of Technology in Accounting for Loans Receivable: An exploration of the role of software and technology in automating processes and improving efficiency in managing and accounting for loans receivable.
| accounting for loans receivable: FRS 102 , 2015 |
| accounting for loans receivable: Accounts Receivable Financing. -- Raymond Joseph 1908- Saulnier, 2021-09-09 This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant. |
| accounting for loans receivable: Financial Instruments International Accounting Standards Committee, 2000 |
| accounting for loans receivable: Wiley GAAP 2020 Joanne M. Flood, 2020-02-05 The most comprehensive guide to FASB Codifications, updated with the latest pronouncements Wiley GAAP 2020 is the essential resource for US GAAP implementation. Covering all codifications by the Financial Accounting Standards Board (FASB) - including the latest updates - this book provides clear explanations and practical examples for real-world application of these dynamic guidelines. Each chapter includes relevant sources of GAAP and expert guidance on interpretation, terminology, relevant concepts, and applicable rules, while in-depth discussion on the issues surrounding specific pronouncements offers informative perspective for a variety of scenarios. Staying up-to-date with constantly-evolving guidelines is a challenge. Wiley GAAP 2020 provides the guidance, insight, and perspective accounting professionals need to ensure accurate and up-to-date GAAP implementation. |
| accounting for loans receivable: IFRS 2 International Accounting Standards Board, 2004 |
| accounting for loans receivable: A Tea Reader Katrina Avila Munichiello, 2017-03-21 A Tea Reader contains a selection of stories that cover the spectrum of life. This anthology shares the ways that tea has changed lives through personal, intimate stories. Read of deep family moments, conquered heartbreak, and peace found in the face of loss. A Tea Reader includes stories from all types of tea people: people brought up in the tea tradition, those newly discovering it, classic writings from long-ago tea lovers and those making tea a career. Together these tales create a new image of a tea drinker. They show that tea is not simply something you drink, but it also provides quiet moments for making important decisions, a catalyst for conversation, and the energy we sometimes need to operate in our lives. The stories found in A Tea Reader cover the spectrum of life, such as the development of new friendships, beginning new careers, taking dream journeys, and essentially sharing the deep moments of life with friends and families. Whether you are a tea lover or not, here you will discover stories that speak to you and inspire you. Sit down, grab a cup, and read on. |
| accounting for loans receivable: International Convergence of Capital Measurement and Capital Standards , 2004 |
| accounting for loans receivable: GAAP Guide Level A 2009 Jan R. Williams, Joseph V Carcello, Ph.D., CPA, Joseph V. Carcello, Terry L. Neal, 2008 Providing an analysis of authoritative GAAP literature contained in Level A of the GAAP hierarchy, this resource discusses each pronouncement in a comprehensive format that makes it easy to understand and apply. |
| accounting for loans receivable: Supervisory Roles in Loan Loss Provisioning in Countries Implementing IFRS Ellen Gaston, Mr.In Song, 2014-09-15 Countries implementing International Financial Reporting Standards (IFRS) for loan loss provisioning by banks have been guided by two different approaches: International Accounting Standards (IAS) 39 and Basel standards. This paper discusses the different accounting and regulatory approaches in loan loss provisioning, and the challenges supervisors face when there are different perspectives and lack of guidance from IFRS. It suggests actions that supervisors can take to help banks meet regulatory and capital requirements and, at the same time, comply with accounting principles. |
| accounting for loans receivable: Raising Entrepreneurial Capital John B. Vinturella, Suzanne M. Erickson, 2003-12-02 Approx.393 pagesApprox.393 pages |
| accounting for loans receivable: Principles of Accounting Volume 1 - Financial Accounting Mitchell Franklin, Patty Graybeal, Dixon Cooper, 2019-04-11 The text and images in this book are in grayscale. A hardback color version is available. Search for ISBN 9781680922929. Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today's college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the why as well as the how aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization. |
| accounting for loans receivable: CCH Accounting for Financial Assets and Liabilities: Sales, Transfers, and Extinguishments John E. Stewart, James F. Green (CPA.), Accounting Research Manager Group, 2006-11 CCH Accounting for Leases analyzes FASB Statement No. 13, Accounting for Leases, which was released in November 1976, and the numerous successive Interpretations, Technical Bulletins, and Emerging Issue Task Force consensus issues that have been issued since then. Since Statement's 13 issuance, the FASB has amended the Statement 18 times, issued 6 Interpretations, and 12 Technical Bulletins. Further, the EITF has addressed leasing transactions in more than 30 different Issues (excluding issues related to consolidations of special purpose entities). This publication delves into the complex nature of the criteria set through defining a lease and determining whether it should be accounted for as a sale/purchase or as an operating lease. CCH Accounting for Leases also includes various interpretations and commentary related to investment tax credits (ITC) in the event ITC is reinstated in the future. |
| accounting for loans receivable: Introduction to Business Lawrence J. Gitman, Carl McDaniel, Amit Shah, Monique Reece, Linda Koffel, Bethann Talsma, James C. Hyatt, 2024-09-16 Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond. This is an adaptation of Introduction to Business by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License. |
| accounting for loans receivable: Contemporary Financial Intermediation Stuart I. Greenbaum, Anjan V. Thakor, Arnoud W. A. Boot, 2019-05-14 Contemporary Financial Intermediation, 4th Edition by Greenbaum, Thakor, and Boot continues to offer a distinctive approach to the study of financial markets and institutions by presenting an integrated portrait that puts information and economic reasoning at the core. Instead of primarily naming and describing markets, regulations, and institutions as is common, Contemporary Financial Intermediation explores the subtlety, plasticity and fragility of financial institutions and credit markets. In this new edition every chapter has been updated and pedagogical supplements have been enhanced. For the financial sector, the best preprofessional training explains the reasons why markets, institutions, and regulators evolve they do, why we suffer recurring financial crises occur and how we typically react to them. Our textbook demands more in terms of quantitative skills and analysis, but its ability to teach about the forces shaping the financial world is unmatched. - Updates and expands a legacy title in a valuable field - Holds a prominent position in a growing portfolio of finance textbooks - Teaches tactics on how to recognize and forecast fluctuations in financial markets |
| accounting for loans receivable: Detailed Accounting Principles for Partnership & Corp'2001 S. Ebusca, 2001 |
| accounting for loans receivable: Credit Engineering for Bankers Morton Glantz, Johnathan Mun, 2010-11-25 More efficient credit portfolio engineering can increase the decision-making power of bankers and boost the market value of their banks. By implementing robust risk management procedures, bankers can develop comprehensive views of obligors by integrating fundamental and market data into a portfolio framework that treats all instruments similarly. Banks that can implement strategies for uncovering credit risk investments with the highest return per unit of risk can confidently build their businesses. Through chapters on fundamental analysis and credit administration, authors Morton Glantz and Johnathan Mun teach readers how to improve their credit skills and develop logical decision-making processes. As readers acquire new abilities to calculate risks and evaluate portfolios, they learn how credit risk strategies and policies can affect and be affected by credit ratings and global exposure tracking systems. The result is a book that facilitates the discipline of market-oriented portfolio management in the face of unending changes in the financial industry. - Concentrates on the practical implementation of credit engineering strategies and tools - Demonstrates how bankers can use portfolio analytics to increase their insights about different groups of obligors - Investigates ways to improve a portfolio's return on risk while minimizing probability of insolvency |
| accounting for loans receivable: Improving Disclosures about Financial Instruments International Accounting Standards Board, 2009 |
| accounting for loans receivable: Audit and Accounting Guide Depository and Lending Institutions AICPA, 2019-11-20 The financial services industry is undergoing significant change. This has added challenges for institutions assessing their operations and internal controls for regulatory considerations. Updated for 2019, this industry standard resource offers comprehensive, reliable accounting implementation guidance for preparers. It offers clear and practical guidance of audit and accounting issues, and in-depth coverage of audit considerations, including controls, fraud, risk assessment, and planning and execution of the audit. Topics covered include: Transfers and servicing; Troubled debt restructurings; Financing receivables and the allowance for loan losses; and, Fair value accounting This guide also provides direction for institutions assessing their operations and internal controls for regulatory considerations as well as discussions on existing regulatory reporting matters. The financial services industry is undergoing significant change. This has added challenges for institutions assessing their operations and internal controls for regulatory considerations. Updated for 2019, this industry standard resource offers comprehensive, reliable accounting implementation guidance for preparers. It offers clear and practical guidance of audit and accounting issues, and in-depth coverage of audit considerations, including controls, fraud, risk assessment, and planning and execution of the audit. Topics covered include: Transfers and servicing; Troubled debt restructurings; Financing receivables and the allowance for loan losses; and, Fair value accounting This guide also provides direction for institutions assessing their operations and internal controls for regulatory considerations as well as discussions on existing regulatory reporting matters. |
| accounting for loans receivable: Off-Balance Sheet Activities Joshua Ronen, Anthony Saunders, Ashwinpaul C. Sondhi, 1990-11-30 The objective of Off-Balance Sheet Activities is to gain insights into, and propose meaningful solutions to, those issues raised by the current proliferation of off-balance sheet transactions. The book has its origins in a New York University conference that focused on this topic. Jointly undertaken by the Vincent C. Ross Institute of Accounting Research and New York University's Salomon Center for the study of Financial Institutions at the Stern School of Business, the conference brought together academic researchers and practitioners in the field of accounting and finance to address the issues with the broad-mindedness requisite of a group whose approaches to solutions are as different from each other as their respectively theoretical and applied approaches to the disciplines of finance and accounting. The essays are divided into two sections. The first covers issues surrounding OBS activities and banking and begins with a brief introduction that places the essays into context. OBS activities and the underinvestment problem, whether loan sales are really OBS, and money demand and OBS liquidity are examined in detail. Section two, which also begins with a brief introduction, focuses on issues of securitized assets and financing. A report on recognition and measurement issues in accounting for securitized assets is followed by three separate discussion essays. Other subjects covered include contract theoretic analysis of OBS financing, the use of OBS financing to circumvent financial covenant restrictions, and debt contracting and financial contracting. The latter two contributions are also followed by discussion essays. This unique collection of papers will prove to be an interesting and valuable tool for accounting and finance professionals as well as for academics involved in these fields. It will also be an important addition to public, college, and university libraries. |
| accounting for loans receivable: Circular No. A-11 Omb, 2019-06-29 The June 2019 OMB Circular No. A-11 provides guidance on preparing the FY 2021 Budget and instructions on budget execution. Released in June 2019, it's printed in two volumes. This is Volume I. Your budget submission to OMB should build on the President's commitment to advance the vision of a Federal Government that spends taxpayer dollars more efficiently and effectively and to provide necessary services in support of key National priorities while reducing deficits. OMB looks forward to working closely with you in the coming months to develop a budget request that supports the President's vision. Most of the changes in this update are technical revisions and clarifications, and the policy requirements are largely unchanged. The summary of changes to the Circular highlights the changes made since last year. This Circular supersedes all previous versions. VOLUME I Part 1-General Information Part 2-Preparation and Submission of Budget Estimates Part 3-Selected Actions Following Transmittal of The Budget Part 4-Instructions on Budget Execution VOLUME II Part 5-Federal Credit Part 6-The Federal Performance Framework for Improving Program and Service Delivery Part7-Appendices Why buy a book you can download for free? We print the paperback book so you don't have to. First you gotta find a good clean (legible) copy and make sure it's the latest version (not always easy). Some documents found on the web are missing some pages or the image quality is so poor, they are difficult to read. If you find a good copy, you could print it using a network printer you share with 100 other people (typically its either out of paper or toner). If it's just a 10-page document, no problem, but if it's 250-pages, you will need to punch 3 holes in all those pages and put it in a 3-ring binder. Takes at least an hour. It's much more cost-effective to just order the bound paperback from Amazon.com This book includes original commentary which is copyright material. Note that government documents are in the public domain. We print these paperbacks as a service so you don't have to. The books are compact, tightly-bound paperback, full-size (8 1/2 by 11 inches), with large text and glossy covers. 4th Watch Publishing Co. is a HUBZONE SDVOSB. https: //usgovpub.com |
| accounting for loans receivable: The Ultimate Accountants' Reference Steven M. Bragg, 2010-01-28 A wide-ranging source of information for the practicing accountant, The Ultimate Accountants' Reference, Third Edition covers accounting regulations for all aspects of financial statements, accounting management reports, and management of the accounting department, including best practices, control systems, and the fast close. It also addresses financing options, pension plans, and taxation options. The perfect daily answer book, accountants and accounting managers will turn to The Ultimate Accountants’ Reference, Third Edition time and again for answers to the largest possible number of accounting issues that are likely to arise. |
| accounting for loans receivable: Improvements to IFRSs International Accounting Standards Board, 2010 |
| accounting for loans receivable: Principles of Project Finance E. R. Yescombe, 2013-11-13 The Second Edition of this best-selling introduction for practitioners uses new material and updates to describe the changing environment for project finance. Integrating recent developments in credit markets with revised insights into making project finance deals, the second edition offers a balanced view of project financing by combining legal, contractual, scheduling, and other subjects. Its emphasis on concepts and techniques makes it critical for those who want to succeed in financing large projects. With extensive cross-references and a comprehensive glossary, the Second Edition presents anew a guide to the principles and practical issues that can commonly cause difficulties in commercial and financial negotiations. - Provides a basic introduction to project finance and its relationship with other financing techniques - Describes and explains: sources of project finance; typical commercial contracts (e.g., for construction of the project and sale of its product or services) and their effects on project-finance structures; project-finance risk assessment from the points of view of lenders, investors, and other project parties; how lenders and investors evaluate the risks and returns on a project; the rôle of the public sector in public-private partnerships and other privately-financed infrastructure projects; how all these issues are dealt with in the financing agreements |
| accounting for loans receivable: IFRS 9 Financial Instruments: International financial reporting standard 9 , 2009 |
| accounting for loans receivable: Fair Value Measurements International Accounting Standards Board, 2006 |
| accounting for loans receivable: Loan Portfolio Management , 1988 |
| accounting for loans receivable: Intermediate Accounting, Volume 1 Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy, 2019-01-09 Intermediate Accounting, 12th Edition, Volume 1, continues to be the number one intermediate accounting resource in the Canadian market. Viewed as the most reliable resource by accounting students, faculty, and professionals, this course helps students understand, prepare, and use financial information by linking education with the real-world accounting environment. This new edition now incorporates new data analytics content and up-to-date coverage of leases and revenue recognition. |
| accounting for loans receivable: GAAP Guidebook Steven M Bragg, 2020-11-08 Generally Accepted Accounting Principles (GAAP) are used as the basis for financial reporting. The original GAAP documents span thousands of pages, and so are difficult to research. The GAAP Guidebook solves this problem by condensing GAAP into a single volume. This book describes the key elements of each topic, how accounting information is disclosed, and where to look in the FASB Codification source documents for additional information. The text contains hundreds of practical examples that show how to apply GAAP to real-world situations, as well as sample journal entries and usage tips. In short, the GAAP Guidebook serves as a handy reference for accountants who need quick answers to difficult problems. |
| accounting for loans receivable: Accounting Manual United States. Department of Defense, 1992 |
| accounting for loans receivable: Wiley GAAP 2010 Barry J. Epstein, Ralph Nach, Steven M. Bragg, 2009-10-12 This is a study and analysis of all generally accepted accounting principles (GAAP) for 2010, restating the original, highly technical pronouncements in easy-to-understand terms while providing battle-tested implementation guidance and real-world examples. |
| accounting for loans receivable: Wiley GAAP Steven M. Bragg, 2010-09-21 The most practical, authoritative guide to GAAP Wiley GAAP 2011 contains complete coverage of all levels of GAAP, now indexed to the new ASC. Wiley GAAP renders GAAP more understandable and accessible for research, and has been designed to reduce the amount of time and effort needed to solve accounting research issues. Provides interpretive guidance and a wealth of real-world, content-rich examples and illustrations Offers insight into the application of complex financial reporting rules Contains detailed index for easy reference use Includes a comprehensive cross-reference of accounting topics to the new FASB codification system Offers clear, user-friendly guidance on every pronouncement including FASB Technical Bulletins, AcSEC Practice Bulletins, FASB Implementation Guides, AICPA Statements of Position, and AICPA Accounting Interpretations Other titles by Epstein and Nach: Wiley GAAP Codification Enhanced Other titles by Bragg: Wiley Practitioner's Guide to GAAS 2010 With easy-to-access information, this practicable and reliable resource offers complete coverage of the entire GAAP hierarchy. |
| accounting for loans receivable: Wiley CPA Exam Review 2010, Financial Accounting and Reporting Patrick R. Delaney, O. Ray Whittington, 2009-12-02 Everything Today's CPA Candidates Need to Pass the CPA Exam Published annually, this comprehensive four-volume paperback reviews all four parts of the CPA exam. Many of the questions are taken directly from previous CPA exams. With 3,800 multiple choice questions and more than 90 simulations, these study guides provide all the information candidates need to master in order to pass the computerized Uniform CPA Examination. Complete sample exam in financial accounting and reporting The most effective system available to prepare for the CPA exam-proven for over thirty years Timely-up-to-the-minute coverage for the computerized exam. Contains all current AICPA content requirements in auditing and attestation Unique modular format-helps you zero in on areas that need work, organize your study program, and concentrate your efforts Comprehensive questions-over 3,800 multiple-choice questions and their solutions in the four volumes Covers the new simulation-style problems Includes over 90 simulations Guidelines, pointers, and tips-show you how to build knowledge in a logical and reinforcing way Wiley CPA Exam Review 2010 arms test-takers with detailed outlines, study guidelines, and skill-building problems to help candidates identify, focus on, and master the specific topics that need the most work. |
| accounting for loans receivable: Management of Working Capital Michael Firth, 1976 |
| accounting for loans receivable: Accounting Principles Roger H. Hermanson, James Don Edwards, Michael W. Maher, 2018-02-16 Accounting Principles: A Business Perspective uses annual reports of real companies to illustrate many of the accounting concepts in use in business today. Gaining an understanding of accounting terminology and concepts, however, is not enough to ensure your success. You also need to be able to find information on the Internet, analyze various business situations, work effectively as a member of a team, and communicate your ideas clearly. Accounting Principles: A Business Perspective will give you an understanding of how to use accounting information to analyze business performance and make business decisions. The text takes a business perspective. We use the annual reports of real companies to illustrate many of the accounting concepts. You are familiar with many of the companies we use, such as The Limited, The Home Depot, and Coca-Cola Company. Gaining an understanding of accounting terminology and concepts, however, is not enough to ensure your success. You also need to be able to find information on the Internet, analyze various business situations, work effectively as a member of a team, and communicate your ideas clearly. This text was developed to help you develop these skills. |
| accounting for loans receivable: Accounting for Revenue and Other Financing Sources and Concepts for Reconciling Budgetary and Financial Accounting United States. Federal Accounting Standards Advisory Board, 1996 |
| accounting for loans receivable: Financial Accounting and Reporting Barry Elliott, Jamie Elliott, 2011 Financial Accounting and Reporting is the most up to date text on the market. Now fully updated in its fourteenth edition, it includes extensive coverage of International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS). This market-leading text offers students a clear, well-structured and comprehensive treatment of the subject. Supported by illustrations and exercises, the book provides a strong balance of theoretical and conceptual coverage. Students using this book will gain the knowledge and skills to help them apply current standards, and critically appraise the underlying concepts and financial reporting methods. |
| accounting for loans receivable: Auditing and Accounting Guide AICPA, 2019-06-25 A must-have resource for new FASB guidance From financial reporting to revenue recognition to grants and contracts, you have a lot going on in the not-for-profit financial arena right now. Whether you're already an expert in NFP audit and accounting standards or just getting started, we’ve got the practical guidance you need. This must-have resource for nonprofits accounting and auditing professionals is an essential reference which will assist you with the unique aspects of accounting and financial statement preparation and auditing for not-for-profit entities. The 2019 guide will help you do the following: Understand and implement recent updates and changes, including those related to financial reporting, revenue recognition, and grants and contracts Gain a full understanding of the accounting issues unique to not-for-profit entities A must-have resource for accounting and auditing professionals who work with nonprofits, this essential reference will assist in the unique aspects of accounting and financial statement preparation and auditing for not-for-profit entities. |
| accounting for loans receivable: Public-Private Partnerships for Infrastructure E. R. Yescombe, Edward Farquharson, 2018-05-29 Public-Private Partnerships for Infrastructure - Principles of Policy and Finance, Second Edition explains how public private partnerships are prepared, procured, financed, and managed from both the public- and private-sector perspectives. As the use of public private partnerships continues to develop world-wide, both in the area of public policy and private financing and contracting, the Second Edition of this leading textbook: - Captures and explains the latest approaches, providing a comprehensive all-round guide for those on both the public- and private-sector sides of the table - Emphasises a step-by-step approach within a comprehensive, cross-referenced format - Includes clear explanations of PPP evaluation, structuring and financing concepts for the benefit of those new to the topic: no prior knowledge is assumed or required - Provides detailed reference points for more experienced practitioners - Draws from the authors' experience and practice in PPP markets worldwide to provide a perspective on practical application of the key underlying principles - Includes an extensive glossary of technical and financial terms used in the PPP sector - Includes more technical information and a stronger legal perspective than other books - Emphasizes a step-by-step approach within a comprehensive, cross-referenced format - Expands and updates the historical backgrounds and political contexts of public-private partnerships |
| accounting for loans receivable: The Collateralised Loan Obligations (CLOs) - a Primer Andreas A. Jobst, 2002 The following descriptive paper surveys the various types of asset-backed securitisation (ABS) and provides a working definition of so-called collateralised loan obligations (CLOs), which allows issuers to sell large portfolios of commercial loans and their attendant credit risk directly to capital markets. Free of the common rhetoric and slogans, which sometimes substitute for understanding of the complex nature of structured finance, we describe the theoretical foundations of this specialised form of loan securitisation. The paper considers not only the distinctive properties and benefits of CLOs, but also the information economics inherent in the transfer of credit risk, in order to equally privilege the critical aspects of security design affecting the structure of CLO transactions. |
| accounting for loans receivable: Credit Growth, Problem Loans, and Credit Risk Provisioning in Spain Santiago Fernández de Lis, Jorge Martínez Pagés, Jesús Saurina, Jesús Saurina Salas, 2000 |
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NOVA Tax Group is a tax & accounting firm comprised of small group of experienced professionals including CPAs and attorneys. We offer a broad range of services for individuals, …
9 Best Ashburn, VA Accountants | Expertise.com
4 days ago · We scored Ashburn accountants on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best. Learn about our selection …
Ashburn, VA Accounting Firm | Home Page | Kheire & Associates, …
Find comfort in knowing an expert in accounting is only an email or phone-call away. (703)724-9406. We will happily offer you a free consultation to determine how we can best serve you. …
Ashburn, VA Accounting & Bookkeeping Services | 1 …
Bookkeeping: Build a strong financial foundation for your Ashburn enterprise with precise, reliable bookkeeping. Our service saves you time and provides clear insights to guide your business …
Ashburn Accounting
Ashburn Accounting provides full charge bookkeeping services.
The Best 10 Accountants near Ashburn, VA 20147 - Yelp
What are the best accountants who offer individual tax return preparation?
Home - Nova Tax & Accounting Services | Ashburn, VA
We are a leading Certified Public Accounting (CPA) firm dedicated to delivering a comprehensive range of professional services to meet all your financial needs.
Ashburn, VA Accounting Firm, Donovan Tax & Accounting, LLC
Donovan Tax & Accounting, LLC is a full service tax, accounting and business consulting firm located in Ashburn, VA.
Virginia CPA Firm | Home Page | RAVIBCPA & COMPANY, LLC.
We offer a broad range of services to help our clients. Count on us to take the worry out of your small business accounting. We help you take charge of your finances to ensure a secure …
What Is Accounting? The Basics Of Accounting – Forbes Advisor
Jun 12, 2024 · Accounting is the process of recording, classifying and summarizing financial transactions. It provides a clear picture of the financial health of your organization and its...
Ashburn, VA Accounting Firm | Home Page | NOVA Tax Group
NOVA Tax Group is a tax & accounting firm comprised of small group of experienced professionals including CPAs and attorneys. We offer a broad range of services for individuals, …
9 Best Ashburn, VA Accountants | Expertise.com
4 days ago · We scored Ashburn accountants on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best. Learn about our selection …
Ashburn, VA Accounting Firm | Home Page | Kheire & Associates, …
Find comfort in knowing an expert in accounting is only an email or phone-call away. (703)724-9406. We will happily offer you a free consultation to determine how we can best serve you. …
Ashburn, VA Accounting & Bookkeeping Services | 1 …
Bookkeeping: Build a strong financial foundation for your Ashburn enterprise with precise, reliable bookkeeping. Our service saves you time and provides clear insights to guide your business …
Ashburn Accounting
Ashburn Accounting provides full charge bookkeeping services.
