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Landlords and Property / January 8th 2018

Lenders – Getting Your Accounting Policies Right

Knowing what is required and what the options are allows lenders to plan and prepare their business for a future event. Below are the main accounting policies that are most likely to impact lenders. Profit and Loss Accounts for lenders Revenue recognition Interest, fees and default fees should be charged on an accruals basis. So regardless of when the amounts become receivable they should …

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