The interest on a loan is significantly more at the begingin of the term. In most cases loan is included in the accounts as per the loan statement but is there a case to recognise the interest evenly over the term of the loan. Have one case where the loan interest is ceating a loss, this is a subscription business so they are consiocous about recurring revenue/costs. Is there scope in reporting standards to recognise the interest evenly over the term of the loan?
2nd Feb 2021
Account for loan interest as paid or over the term
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