Difference:

The subject level is different.

Interest receivable is the interest receivable of first-class subjects; Accrued interest is a sub-subject of available-for-sale financial assets and a secondary subject of available-for-sale financial assets-accrued interest.

2. The content reflected is different.

Interest receivable refers to the interest receivable before buying bonds (interest that has expired but has not been collected). Accrued interest is the interest receivable after purchasing bonds.

Interest receivable refers to the bond interest that has reached the interest payment period but has not been received in the actual payment price of short-term bond investment. This part of interest receivable is not included in the initial investment cost of short-term bond investment. However, the actual payment includes the bond interest that has not yet expired, which is included in the initial investment cost of short-term bond investment and does not need to be accounted for separately.

Accrued interest is the accumulated unpaid interest of bonds since the last interest payment. When buying and selling bonds, the settlement price of selling bonds should be the market price of bonds plus accrued interest, that is, the buyer should pay the market price of bonds plus accrued interest to the seller. However, because bonds have two forms: one-time final interest payment and installment interest payment with interest-increasing coupons, the above settlement price will only occur in the transaction of installment interest-paying bonds with interest-increasing coupons. At the same time, it should be noted that income bonds are also an exception, because income bonds only pay interest when they are profitable.

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What do you mean by interest receivable on loans?

The loan interest receivable is the amount generated by the enterprise according to the interest rate during the loan period, and it is also the reward obtained by the enterprise as the owner of funds for the loan. The amount depends on the principal, term and loan interest rate.

Which one can explain in detail the accrued interest and receivable interest in bank accounting?

Accrued interest is the interest accrued by the bank to be paid to depositors, and paid to customers after quarterly accrual.

Interest receivable refers to the loan interest that the unit or individual who borrows from the bank should pay to the bank every month.

In fact, the biggest difference between the two is the different way of collecting interest. After the loan is completed, if interest is charged every month, record the interest receivable. When money is received in the current month, interest receivable will be reduced and cash or deposit will be increased.

If the interest is collected annually, it will be accrued every month. After receiving the money at the end of the year, the accrued interest will be deducted and the cash or deposit will be increased.

Extended data

The substantive procedures of interest receivable usually include:

1. Obtain or compile a detailed list of interest receivable, check whether the addition is correct, and check with the total amount of general ledger and subsidiary ledger, and check with the report amount combined with bad debt provision account.

2. Substantive analysis procedures. According to different loan types, the product of average loan balance and average interest rate is compared with book interest income. Determine whether the difference between the two is reasonable.

3. Combined with the audit of long-term equity investment, trading financial assets, available-for-sale financial assets, held-to-maturity investment and other related projects, verify whether the calculation of interest receivable is sufficient and correct, and check whether the accounting treatment is correct.

4. For major interest receivable items, review relevant documents and check the accuracy of calculation. When necessary, write to the relevant units and record.

5. Check whether there is any abnormality in the reduction of interest receivable.

6. Check the collection situation after the period, and conduct routine inspection on the large amount of money recovered during the audit, such as checking the collection voucher, bank statement and invoice.

7. Pay attention to the long-term irrecoverable and large amount of interest receivable, and ask the manager and relevant personnel of the audited unit to determine the recoverability of interest receivable. When necessary, send a letter to the investee to verify the interest payment, and review and record the result of sending the letter.