U.S. GAAP Codification of Accounting Standards Guide by AccountingINFO.com

U.S. GAAP Codification of Accounting Standards

Principles of Accounting, Intermediate Financial Accounting, U.S. GAAP Textbook

Accounting by Topic, Accounting Terms Dictionary

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

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

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