Prepayment - Revision history

imported>Doug Williamson: Layout.

2021-01-02T00:50:23Z

Layout.

← Older revision		Revision as of 00:50, 2 January 2021
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	<span style="color:#4B0082">'''''Example: Venue hire'''''</span>		:<span style="color:#4B0082">'''''Example: Venue hire'''''</span>

	We book a venue for a function.		:We book a venue for a function.

	And pay 50% of the hire fee in advance.		:And pay 50% of the hire fee in advance.



	The 50% paid in advance is an ASSET for us.		:The 50% paid in advance is an ASSET for us.

	We are going to enjoy the use of the venue in future, but it has already been paid for.		:We are going to enjoy the use of the venue in future, but it has already been paid for.

	So the 50% already paid represents a future economic benefit.		:So the 50% already paid represents a future economic benefit.

imported>Doug Williamson: Add link.

2020-09-16T10:41:40Z

Add link.

← Older revision		Revision as of 10:41, 16 September 2020
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	* [[Early Repayment Charge]]		* [[Early Repayment Charge]]
	* [[Extension risk]]		* [[Extension risk]]
			* [[Prepaid expense]]
	* [[Prepayment risk]]		* [[Prepayment risk]]
	* [[Prepayments]]		* [[Prepayments]]

imported>Doug Williamson: Add example.

2020-09-09T15:52:32Z

Add example.

← Older revision		Revision as of 15:52, 9 September 2020
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	It is a prepaid expense.		It is a prepaid expense.


			<span style="color:#4B0082">'''''Example: Venue hire'''''</span>

			We book a venue for a function.

			And pay 50% of the hire fee in advance.



			The 50% paid in advance is an ASSET for us.

			We are going to enjoy the use of the venue in future, but it has already been paid for.

			So the 50% already paid represents a future economic benefit.

imported>Doug Williamson: Expand definition. Sources: linked pages.

2020-07-28T10:22:34Z

Expand definition. Sources: linked pages.

← Older revision		Revision as of 10:22, 28 July 2020
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	An amount paid in advance for a financial benefit, represented by an asset in the organisation's balance sheet.		An amount paid in advance for a financial benefit, represented by an asset in the organisation's balance sheet.

			It is a prepaid expense.

imported>Doug Williamson: Add link.

2020-07-28T10:21:55Z

Add link.

← Older revision		Revision as of 10:21, 28 July 2020
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	== See also ==		== See also ==
			* [[Accrual]]
	* [[Average effective maturity]]		* [[Average effective maturity]]
	* [[Bookkeeping]]		* [[Bookkeeping]]

imported>Doug Williamson: Classify page.

2020-07-28T10:21:19Z

Classify page.

← Older revision		Revision as of 10:21, 28 July 2020
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	* [[Prepayment risk]]		* [[Prepayment risk]]
	* [[Prepayments]]		* [[Prepayments]]

			[[Category:Accounting,_tax_and_regulation]]
			[[Category:Identify_and_assess_risks]]
			[[Category:Manage_risks]]
			[[Category:Risk_frameworks]]

imported>Doug Williamson: Link with Average effective maturity page.

2018-01-05T20:29:09Z

Link with Average effective maturity page.

← Older revision		Revision as of 20:29, 5 January 2018
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	== See also ==		== See also ==
			* [[Average effective maturity]]
	* [[Bookkeeping]]		* [[Bookkeeping]]
	* [[Early Repayment Charge]]		* [[Early Repayment Charge]]

imported>Doug Williamson: Link with Bookkeeping page.

2017-07-03T20:26:31Z

Link with Bookkeeping page.

← Older revision		Revision as of 20:26, 3 July 2017
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	== See also ==		== See also ==
			* [[Bookkeeping]]
	* [[Early Repayment Charge]]		* [[Early Repayment Charge]]
	* [[Extension risk]]		* [[Extension risk]]
	* [[Prepayment risk]]		* [[Prepayment risk]]
	* [[Prepayments]]		* [[Prepayments]]

imported>Doug Williamson: Add link.

2016-11-13T16:43:54Z

Add link.

← Older revision		Revision as of 16:43, 13 November 2016
Line 11:		Line 11:

	== See also ==		== See also ==
			* [[Early Repayment Charge]]
	* [[Extension risk]]		* [[Extension risk]]
	* [[Prepayment risk]]		* [[Prepayment risk]]
	* [[Prepayments]]		* [[Prepayments]]

imported>Doug Williamson: Create the page. Sources: linked pages.

2016-10-30T20:15:33Z

Create the page. Sources: linked pages.

New page

1. ''Banking''.

The non-contractual early repayment by bank customers of, for example, fixed rate mortgages.

2. ''Accounting''.

An amount paid in advance for a financial benefit, represented by an asset in the organisation's balance sheet.

== See also ==
* [[Extension risk]]
* [[Prepayment risk]]
* [[Prepayments]]