Expand
Resize
Add to favorites
A loan receivable is recorded for loans that a reporting entity originates or purchases. Loans may be purchased individually, in pools, or as part of a business combination. A loan or portfolio of loans may also need to be recorded on the balance sheet as a result of applying the guidance in ASC 810, Consolidation. This chapter provides an overview of loan types and discusses the lender’s accounting for originated and purchased loans, including:
  • Classification of loans on the balance sheet as held for investment or held for sale
  • Accounting for loan origination fees and costs
This chapter also discusses the accounting for loan commitments and mortgage-banking activities.
Figure LI 4-1 illustrates the primary sources of authoritative guidance on accounting for loans and the recognition of interest income.
Figure LI 4-1
Authoritative guidance on accounting for loans and recognition of interest income
ASC reference
Title
Location of discussion in guide
Receivables – Overall
Receivables – Nonrefundable Fees and Other Costs
Receivables – Troubled Debt Restructurings by Creditors
Financial Instruments – Credit Losses
LI 7 and LI 9
Property, Plant, and Equipment – Real Estate Sales
Financial Services – Mortgage Banking
Expand

Welcome to Viewpoint, the new platform that replaces Inform. Once you have viewed this piece of content, to ensure you can access the content most relevant to you, please confirm your territory.

Your session has expired

Please use the button below to sign in again.
If this problem persists please contact support.

signin option menu option suggested option contentmouse option displaycontent option contentpage option relatedlink option prevandafter option trending option searchicon option search option feedback option end slide