Interest expense accounting definition

    • Interest Expense - Investopedia

      Expense Account Definition Chart ... provided by Financial Management Services for accounting, payroll and procurement services. This is a chargeback account code and will usually be ... 603152 660840 Interfund Interest Exp (IA) Interest expense chargable to the borrowing fund for money borrowed from another fund.

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    • [PDF File]Derivatives and Hedging (Topic 815)

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      Glossary of Accounting Terms Account: A record that holds the results of financial transactions. ... varying interest compounding periods (daily, monthly, semiannually) on a common basis. It is computed ... Examples are rent, property taxes, and interest expense. FOB: Free-On-Board Destination. The seller of merchandise bears the shipping costs ...

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    • [PDF File]Fundamentals of pension accounting and funding

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      for interest expense under the simplified hedge accounting approach is similar to the amount that would result if the entity had directly entered into a fixed-rate borrowing instead of a variable-rate borrowing and a receive-variable, pay-fixed interest rate swap, the amendments in …

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    • [PDF File]Expense Account Definition Chart

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      What are expenses in accounting? Peter Baskerville The definition and application of 'expenses' in accounting - Foundation level An expense in accounting is the money spent or cost incurred in an entity's efforts to generate revenue. Expenses represent the cost of doing business where doing

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    • The Ratemaking Formula and Basic Components

      both the expense character (rent expenses replaced with depreciation and interest expense) and recognition pattern (acceleration of lease expense relative …

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    • [PDF File]IFRS 16: The leases standard is changing - PwC

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      ASPE AT A GLANCE This publication has been compiled to assist users in gaining a high level overview of Accounting Standards for Private Enterprises (ASPE) included in Part II of the CPA Canada Handbook – Accounting as of December 1, 2015. Not every standard in the ASPE Handbook is included in this ASPE at a Glance publication.

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    • [PDF File]ACCOUNTING MANUAL FOR FEDERAL CREDIT UNIONS

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      statement, because an entity now has to recognise interest expense on the lease liability (obligation to make lease payments) and depreciation on the ‘right-of-use’ asset (that is, the asset that reflects the right to use the leased asset). Due to this, for lease contracts previously classified as operating leases the total amount of expenses

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    • [PDF File]In depth A look at current financial reporting issues

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      Definition of Depreciation Accounting AICPA definition - Depreciation accounting is a system of accounting which aims to distribute the cost or other basic value of tangible capital assets, less salvage value (if any), over the estimated useful life of the unit (which …

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    • [PDF File]Glossary of Accounting Terms

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      ACCRUED INTEREST RECEIVABLE 300-99 ACCRUED INTEREST ON INVESTMENTS 300-102 Accrued Interest On Investments 300-103 Purchased Accrued Interest Receivable 300-102 ACCRUED INTEREST ON LOANS 300-99 Sample Computations 300-101 ACCOUNTING MANUAL FOR FEDERAL CREDIT UNIONS 100-1 ELIMINATION OF THE RECOMMENDED CREDIT UNION CHART OF …

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    • [PDF File]What are expenses in accounting? Peter Baskerville

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      • Pension Accounting – the annual pension expense calculation and disclosure of a pension plan’s assets and liabilities in a company’s financial statement. The Financial Accounting Standards Board (FASB) governs pension accounting under generally accepted accounting principles (GAAP) in …

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