U.S. GAAP Codification of Accounting Standards

U.S. GAAP Codification IFRS International Standards Accounting Standards, ASC

U.S. GAAP Accounting Standards
Codification Topic 835: Interest


Principles of Accounting Intermediate Financial AccountingU.S. GAAP Textbook
IFRS,  IFRS Dictionary IFRS U.S. GAAP Comparison IFRS Texbook
Securities Law Library,  Accounting by Topic Accounting Terms Dictionary


Codification Topic 835
Interest


Interest related topics

835-20: Capitalization of interest

For certain qualifying assets, interest costs are capitalized 
--> and included in determining the acquisition cost of asset


835-30: Imputation of interest

For notes exchanged for cash or other assets
1. If face amount of the note > cash or fair value of the asset
--> the difference is discount

2. If face amount of the note < cash or fair value of the asset
--> the difference is premium

3. discount or premium is amortized using "interest method"


320-10-35: Interest income from investments
--> Interest income is recognized in earnings

470-10-35: Interest cost of debt
--> Interest cost is recognized using interest method


International Financial Reporting Standards (IFRS)

   IAS 34: Borrowing Costs


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   Codification Topic 835
   Interest
 
Subtopics of Codification Topic 835
 
   835-10 Overall
   835-20 Capitalization of interest
   835-30 Imputation of interest
 
Accounting Terms of Codification Topic 835-10
 
 
Accounting Terms of Codification Topic 835-20
 
   Activities
   Capitalization rate
   Expenditures
   Intended use
   Interest cost
 
Accounting Terms of Codification Topic 835-30
 
   Discount
   Imputed interest rate
   Interest method
   Premium



   Other Topics at the Codification 800 
Accounting Standards Codification, ASC, Overview
 
ASC Codification Topic 805: Business Combinations
ASC Codification Topic 808: Collaborative Arrangements
 
ASC Codification Topic 810: Consolidation
ASC Codification Topic 815: Derivatives and Hedging
 
ASC Codification Topic 820: Fair Value Measurements and Disclosures
ASC Codification Topic 825: Financial Instruments
 
ASC Codification Topic 830: Foreign Currency Matters
ASC Codification Topic 835: Interest
 
ASC Codification Topic 840: Leases
ASC Codification Topic 845: Nonmonetary Transactions
 
ASC Codification Topic 850: Related Party Disclosures
ASC Codification Topic 852: Reorganizations
ASC Codification Topic 855: Subsequent Events
 
ASC Codification Topic 860: Transfers and Servicing


   U.S. GAAP Codification of Accounting Standards
Accounting Standards Codification, ASC, Overview
ASC Codification 200: Presentation
ASC Codification 300: Assets
ASC Codification 400: Liabilities
ASC Codification 500: Equity
ASC Codification 600: Revenue
ASC Codification 700: Expenses
ASC Codification 800: Broad Transactions
ASC Codification 900: Industry

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