Accounting For A Loan Commitment

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Technical Accounting Alert - Grant Thornton Australia

3 Detailed guidance Accounting for loan commitments outside the scope of IAS 39 Lender For the lender IFRS includes some specific requirements as follows

Link: https://www.grantthornton.com.au/globalassets/1.-member-firms/australian-website/technical-publications/local-technical--financial-alerts/gtal_2010_ta-alert-2010-32-loan-commitments.pdf

Actived: Thursday Jul 18, 2019 (4 days ago)

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Loan Commitment Definition - Investopedia

A loan commitment is an agreement by a commercial bank or other financial institution to lend a business or individual a specified sum of money.

Link: https://www.investopedia.com/terms/l/loan-commitment.asp

Actived: Sunday Apr 21, 2019 (3 months ago)

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IFRS hot topic 2008-02 loan commitments - gtturkey.com

February 2008 IFRS hot topic 2008-02 loan commitments Issue Accounting for loan commitments that are outside the scope of IAS 39. Specifically

Link: http://www.gtturkey.com/UD_OBJS/PDF/IFRS/IFRS%20hot%20topic%202008-02%20loan%20commitments.pdf

Actived: Monday Jul 15, 2019 (7 days ago)

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ACCOUNTING FOR UNDERWRITING AND LOAN COMMITMENTS Objective

Consistent with the accounting for a funded loan under FAS 65 and SOP 01-06 companies may account for a loan commitment that meets both of the criteria

Link: https://www.aicpa.org/interestareas/centerforauditquality/resources/caqauditlibrary/downloadabledocuments/accounting%20for%20underwriting%20and%20loan%20commitments.pdf

Actived: Saturday Jul 20, 2019 (2 days ago)

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When can loan origination fee be expensed under US GAAP

I am familiar with the rules having done research for my Company on a new loan product we recently issued. ASC 310-20 dictates the US GAAP accounting for loan origination fees and requires that they be netted income less cost and deferred and amortized as an adjustment to the yield over the life of the loan.

Link: https://www.accountantforums.com/threads/when-can-loan-origination-fee-be-expensed-under-us-gaap.141858/

Actived: Saturday Jul 20, 2019 (3 days ago)

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Commitment fee AccountingTools

A commitment fee is the amount charged by a lender to keep a specific loan amount available to a borrower. This fee may also be charged for the unused portion of a line of credit.

Link: https://www.accountingtools.com/articles/2017/11/16/commitment-fee

Actived: Saturday Jul 20, 2019 (3 days ago)

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Why are loan costs amortized AccountingCoach

Loan costs may include legal and accounting fees registration fees appraisal fees processing fees etc. that were necessary costs in order to obtain a loan. If the loan costs are significant they must be amortized to interest expense over the life of the loan because of the matching principle .

Link: https://www.accountingcoach.com/blog/loan-costs-amortized

Actived: Friday Jul 19, 2019 (3 days ago)

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Summary of Statement No. 91 - fasb.org

This Statement establishes the accounting for nonrefundable fees and costs associated with lending committing to lend or purchasing a loan or group of loans. This project was undertaken in response to an AICPA Issues Paper that indicated a diversity in practice in the accounting for nonrefundable fees and costs associated with lending activities.

Link: https://www.fasb.org/summary/stsum91.shtml

Actived: Saturday Jul 20, 2019 (3 days ago)

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Debt Accounting Financing Fees - Wall Street Prep

The changes prescribed under ASU 2015-03 for debt issuance costs associated with term loans and bonds do not apply to commitment fees paid to revolving credit lenders and are still treated as a capital asset.

Link: https://www.wallstreetprep.com/knowledge/debt-accounting-treatment-financing-fees/

Actived: Saturday Jul 20, 2019 (2 days ago)

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Commitment Fee Definition - Investopedia

A commitment fee is a banking term used to describe a fee charged by a lender to a borrower to compensate the lender for its commitment to lend. Commitment fees typically are associated with

Link: https://www.investopedia.com/terms/c/commitmentfee.asp

Actived: Friday Jul 12, 2019 (10 days ago)

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