Gaap Accounting For Prepayment Penalty

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AAM Investment Accounting Update Year End 2016

Prepayment penalties or acceleration fees should be reported as investment income when received. The amount of investment income should be calculated as total proceeds less par value. The amount of realized gain loss should be calculated as the difference between book adjusted carrying value and par value.

Link: http://www.aamcompany.com/insight/aam-investment-accounting-update-year-end-2016/

Actived: Saturday Jul 6, 2019 (14 days ago)

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Loan receivables after adoption of IFRS 9 and ASU 2016-01

Loan receivables after adoption of IFRS 9 and ASU 2016-01 Key differences between U.S. GAAP and IFRSs Quick Article Links IFRS 9 Financial Instruments which was issued in November 2009 and most recently amended in July 2014 is effective for annual periods beginning on or after January 1 2018 although entities can elect to apply it earlier.

Link: https://www.iasplus.com/en-us/standards/ifrs-usgaap/loan-receivables

Actived: Monday Jul 15, 2019 (4 days ago)

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Accruals Prepayments Accounting-Simplified.com

Accrual and Prepayments Introduction Financial statements are prepared under the Accruals Basis of accounting which requires that income and expense must be recognized in the accounting periods to which they relate rather than on cash basis.

Link: https://accounting-simplified.com/accrual-and-prepayments.html

Actived: Sunday Jul 14, 2019 (5 days ago)

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Fundamentals of accounting for debt modifications and

The accounting implications differ depending on whether the borrower s or lender s accounting is being considered. Our white paper Fundamentals of accounting for debt modifications and restructurings addresses the borrower s accounting for the modification restructuring or exchange of a loan.

Link: https://rsmus.com/what-we-do/services/assurance/fundamentals-of-accounting-for-debt-modifications-and-restructur.html

Actived: Saturday Jul 13, 2019 (6 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: Tuesday Jul 16, 2019 (3 days ago)

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Loan Costs - Loan Programs- Reporting Requirements for

Reporting Requirements for Annual Financial Reports of State Agencies and Universities General Accounting. Loan Programs Loan Costs. This section covers nonrefundable fees and costs related to lending activities and loan purchases.

Link: https://fmx.cpa.texas.gov/fmx/pubs/afrrptreq/gen_acct/index.php?section=loan&page=loan_cost

Actived: Wednesday Jul 10, 2019 (10 days ago)

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Financing transactions PwC

Our Financing transactions guide provides a summary of the guidance relevant to the accounting for debt and equity instruments and serves as a roadmap to help you evaluate the accounting requirements for a particular transaction. Specifically this guide compiles the accounting guidance a reporting

Link: https://www.pwc.com/us/en/cfodirect/publications/accounting-guides/financing-transactions-debt-equity-instruments.html

Actived: Monday Jul 15, 2019 (4 days ago)

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Statutory Issue Paper No. 37 Mortgage Loans - naic.org

The purpose of this issue paper is to establish statutory accounting principles for the accounting and reporting of mortgage loans and related fees that are consistent with the Statutory Accounting Principles Statement of Concepts and Statutory Hierarchy Statement of Concepts .

Link: https://www.naic.org/sap_app_updates/documents/037_l.pdf

Actived: Thursday Jul 11, 2019 (8 days ago)

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NAIC 2017 Statutory Accounting Changes Year In Review

NAIC 2017 Statutory Accounting Changes Year In Review Ref SSAP No Title Revision Description Effective 2013-36 26R IP 156 Investment Classification Project The revision adopts the GAAP definition of security which is A share participation or other interest in property or in an entity of the issuer or an obligation of the issuer that has all of the following characteristics a

Link: https://www.johnsonlambert.com/wp-content/uploads/2018/02/NAIC-2017-Highlights-Table.pdf

Actived: Tuesday Jul 16, 2019 (3 days ago)

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The Smart Approach to Prepayment Penalties Commercial Direct

Prepayment penalties can take several different forms but the two most common types are yield maintenance and defeasance. When facing a yield maintenance penalty the borrower pays the difference between the original loan interest rate and the current market rate for the rest of the loan s term.

Link: https://commercialdirect.com/blog/smart-approach-prepayment-penalties/

Actived: Sunday Jul 14, 2019 (5 days ago)

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