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Secure Transaction CPE Credits
2 Credits: Accounting
Course Level
Overview
Format
Self-Study
Course Description
This course covers the accounting requirements for interest costs under U.S. GAAP, focusing on both imputation and capitalization. It begins with a review of the rules for recognizing imputed interest when no stated rate exists or when terms are not at market. You’ll learn how to identify transactions that require imputation, how to determine the appropriate interest rate, and how to record the resulting amounts. The course then shifts to the rules for capitalizing interest related to the construction or production of qualifying assets. It explains how to determine which assets qualify, how to calculate capitalizable interest, and how to apply the guidance during the capitalization period. Together, these topics provide a clear and practical understanding of how interest costs affect the financial statements.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify situations where imputed interest must be recognized under U.S. GAAP
- Determine the appropriate interest rate to use when imputing interest
- Recognize the financial statement impact of recording imputed interest
- Distinguish between arrangements that require imputation and those that do not
- Identify assets that qualify for interest capitalization
- Determine the amount of interest cost eligible for capitalization
- Recognize the period during which interest must be capitalized
- Distinguish between interest costs that are capitalized and those that must be expensed
Course Specifics
SS125446439
September 30, 2025
There are no prerequisites.
None
50
Compliance Information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Kelen is a recognized author and reviewer of CPE courses and has authored over 145 courses (350+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s Journal of Accountancy. Kelen has nearly 20 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Advisor with HP. Prior to HP, he served in multiple …
QAS Self-Study
