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Upfront or processing fee on loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 January 2012 Please advice about accounting treatment of processing or upfront fee paid for a loan under IFRS and IGAAP.

1. to be amortised over the period of loan or completely charged off in the year of loan acquired
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CA Deepak S

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CA Deepak S (Expert)
14 January 2012 The upfront interest paid has to be amortised over the period of loan.

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