ted73
Nov 2, 2011, 03:35 PM
Hi. I am developing a website for use by a not for profit organization. I am attempting to construct a cash flow statement. I need to know how to deal with the accrued compound interest on a gic which is paid only once upon redemption. Do I have to include the interest earned each year as part of revenue for that year or do I report it as revenue only at the time it is redeemed?