Interest Method and Effective Interest Rates
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Description
You've researched how to account for a transaction, and it says to use the "interest method." Feeling like you've now got more questions than answers? While the interest method can seem like a monumental risk, we break it down for you in this CPE-eligible, eLearning course (0.5 CPE)! We walk through what the interest method is, as explained in ASC 835, where it is commonly used in U.S. GAAP, and how the method works. Hoping for a step-by-step example? You're in luck! We included two examples in this online course so you can truly understand how to calculate the effective rate and apply the interest method in practice.
This course is included in the following collections:
Learning Objective
- Recall the principles and concepts to be applied when using the interest method
Additional Information
| Last Updated | 05/01/2024 |
|---|---|
| CPE Credit | 0.5 |
| Field of Study | Accounting |
| Instructional Delivery Method | QAS Self Study |
| Knowledge Level | Overview |
| Prerequisites | None |
| Advanced Preparation | None |
| Expiration | This course, collection, or subscription expires one year from the date of purchase. The post-course assessment for each course must be satisfactorily completed, as evidenced by a passing grade of at least 70%, by the expiration date to be awarded any qualifying continuing professional education (CPE) credit. |
| Refund or Cancellation Policy | For more information regarding refunds, concerns, and program cancellation policies, please contact the GAAP Dynamics Support Team via email at support@gaapdynamics.com or call (804) 897-0608. |
$70
0h 30m
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