Understanding Capitalized Interest – When and How to Apply It ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
This course focuses on the accounting for capitalized interest in connection with the construction or production of long-lived assets. It explains how to determine whether an asset qualifies for interest capitalization, how to calculate the right amount, and how to figure out the capitalization period. The course also covers how to handle interest that doesn’t qualify for capitalization and what needs to be disclosed in the financial statements. Through practical guidance and examples, you’ll gain a solid understanding of how to apply the rules and reflect capitalized interest properly.
Highlights
ASC 835-20 scope. Capitalization period. Capitalization amount. Subsequent measurement. Disclosure requirements.
Prerequisites
None.
Designed For
CPAs, CEOs, CFOs, controllers, and other financial managers.
Objectives
Identify assets that qualify for interest capitalization. Determine the amount of interest cost eligible for capitalization. Recognize the period during which interest must be capitalized. Distinguish between interest costs that are capitalized and those that must be expensed.
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