18   ASC 310 RECEIVABLES

Perspective and Issues

Subtopics

Scope and scope exceptions

ASC 310-10, Overall

ASC 310-20, Nonrefundable fees and other costs

ASC 310-30, Loans and debt securities acquired with deteriorated credit quality

ASC 310-40, Troubled Debt Restructuring by Creditors

Overview

Technical Update – ASU 2011-02

Definitions of Terms

Concepts, Rules, and Examples

Receivables

Types of receivables

Example of different classes of receivables

Valuation allowance for uncollectible amounts

Example of percentage-of-sales method

Example of the aging method

Imputed interest

Lending and financing activities, including trade receivables

Example of delinquency fees, prepayment fees, and rebates

Pledging, assigning, and factoring receivables

Example of disclosure for pledged receivables

Example of accounting for the factoring of receivables without recourse

Example of accounting for the factoring of receivables without recourse

Example of accounting for the factoring of receivables without recourse

Loan impairment

Loan impairment - Example 1

Loan impairment - Example 2

Loan impairment - Example 3

ASC 310-20, Nonrefundable Fees and Other Costs

Loan origination fees

Example of a loan origination fee

Commitment fees and costs

Example of a commitment fee

Fees and costs in refinancing or restructuring

Example of a refinanced loan – favorable terms – origination fees

Example of a refinanced loan – unfavorable terms – origination fees

Purchase of a loan or group of loans

Special arrangements ...

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