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Acc 103 - Module 6

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Princess Darlyn Alimagno
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19 views

Acc 103 - Module 6

Uploaded by

Princess Darlyn Alimagno
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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MODULE 6

LOAN RECEIVABLE
Loans Receivable is a financial asset arising from a loan
granted by a bank or other financial institution to a
borrower or client.
Initial measurement
Receivables are initially recognized at fair value plus
transaction costs.
Direct origination costs are added to the carrying amount of
a loan receivable. Indirect origination costs are expensed
when incurred.
Origination fees are deducted from the carrying amount of
a loan receivable.

Subsequent measurement
At amortized cost using the effective interest method of
amortization.
APPLICATION

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