Loans
FEATURED ARTICLES
All articles in this category pertain to loans. A loan is an agreement between two parties where one party, the lender, agrees to allow another party, the borrower, use of their funds in exchange for the funds to be paid back at a later date, plus interest. Loans are agreed upon before any exchange of money. They can be a specific, one-time deal or may be treated as an open line of credit. Different forms include secured, unsecured, commercial, and personal loans.
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Recent articles
GASB 87 Accrued Interest Example: Calculating the Liability Amortization
How to calculate liability amortization under GASB 87.
Depreciation Expense: Straight-Line Method Explained with a Finance Lease Example and Journal Entries
This article explains how to calculate depreciation expense.
Straight-Line Method of Depreciation Explained with a Finance Lease Example, Journal Entries
This article explains how to use the straight-line method of depreciation with examples and journal entries.
Lease Amendment Accounting Explained: Expansion of Leased Premises
How to account for a lease that expands the leased premises beyond the original terms.
Interest Expense Calculation Explained with a Finance Lease Example and Journal Entries
How to account for interest expense.
Sale-Leaseback and Lease-Leaseback Accounting Transactions under GASB 87
This article explains sale-leaseback and lease-leaseback arrangements.