Deferred origination cost of loans

 

deferred origination cost of loans

For more than 30 years, MEFA has been offering low-cost fixed interest rate loans to help families pay for a college education.

**Anticipated in-School period is the period beginning on the Initial Disbursement Date of any advance made under a MEFA Loan Agreement and ending on the following date:

***The Annual Percentage Rate (APR) is designed to help consumers understand the relative cost of a loan. The APR reflects the interest rate, timing of payments, and any other costs paid during the life of a loan. The APR in this example reflects the presence of a co-borrower.

Deferred origination cost of loans

If accounting income was greater than taxable income in the year of origination, resulting in a deferred tax liability. If, however, accounting income is less than taxable income, a deferred tax asset results. What is journal entry for deferred tax asset?

Under prior GAAP, the presentation of deferred income tax assets in the balance sheet was constrained or prohibited entirely.  ASC 740 requires that all deferred income tax assets be given full recognition, subject to the possible provision of an allowance when it is determined that this asset is unlikely to be realized.  This approach (providing full recognition on a gross basis, but also providing for a valuation allowance to reduce the recorded asset to the expected realizable amount) conveys the greatest amount of useful information to the users of the financial statements. How the valuation allowance established ?

As I wrote on my previous post [ Temporary and Permanent Differences ]. Temporary difference no. 1 relates to income earned but not yet received, which is recognized for accounting purposes but not for tax purposes. Temporary difference no. 2 involves the opposite situation—income has been received but not earned .

For more than 30 years, MEFA has been offering low-cost fixed interest rate loans to help families pay for a college education.

**Anticipated in-School period is the period beginning on the Initial Disbursement Date of any advance made under a MEFA Loan Agreement and ending on the following date:

***The Annual Percentage Rate (APR) is designed to help consumers understand the relative cost of a loan. The APR reflects the interest rate, timing of payments, and any other costs paid during the life of a loan. The APR in this example reflects the presence of a co-borrower.

Financial aid is designed to bridge the gap between the cost of attending Utah Valley University and what the students and their families are expected to pay. Visit our Cost of Attendance webpage for more information.

Financial need = your Cost of Attendance minus your Expected Family Contribution. For example, if your Cost of Attendance is $6,000 and your Expected Family Contribution is 2000, your financial need is $4,000. In this example, you are not eligible for more than $4,000 in need-based aid.

The following are the need-based federal student aid programs that Utah Valley University participates in: