K·Coe Insights: Posts from category

Audit & Assurance

Loan Origination Fees: to Recognize Immediately or Amortize?

By K·Coe Editorial | May 8, 2019
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Reading Time: 2 minutes If your bank immediately recognizes loan origination fees and costs directly to your income statement, you are not alone. This is a common practice among many community banks. However, this practice is not in accordance with Generally Accepted Accounting Principles (GAAP). According to Accounting Standards Codification (ASC) 310-20-25-2, loan origination …

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New Guidance for Leasing Standard Implementation

By K·Coe Editorial | December 20, 2018
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Reading Time: 1 minute FASB’s Accounting Standards Update (ASU) 2018-11 offers relief cost savings for entities adopting the new lease standard ASC 842. The update offers companies practical expedients in applying the new lease standard. A few key highlights of the update include: Transition Relief – a new (and optional) transition method allows entities …

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