Recognizing and Accounting for Imputed Interest – A Practical Guide ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
This course provides a clear and practical look at the accounting for imputed interest. It walks through when and why interest must be recognized even if it’s not stated in an agreement, how to determine a reasonable interest rate, and how to calculate and record the resulting interest over time. You’ll learn how to spot transactions that require interest imputation, apply the relevant rules to various types of arrangements, and reflect the impact in the financial statements.
Highlights
ASC 835-30 scope. Imputing interest. Interest rate determination. Using the interest method. Subsequent measurement. Presentation and disclosure.
Prerequisites
None.
Designed For
CPAs, CEOs, CFOs, controllers and other financial managers.
Objectives
Identify situations where imputed interest must be recognized under U.S. GAAP. Determine the appropriate interest rate to use when imputing interest. Recognize the financial statement impact of recording imputed interest. Distinguish between arrangements that require imputation and those that do not.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Kelen Camehl, Western CPE
Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen has also remained involved in CPA exam content development for nearly 10 years and has authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”.
Kelen has over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX. Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.
Non-Member Price $33.00
Member Price $29.00