Under the accrual basis of accounting, the Interest Revenues account reports the interest earned by a company during the time period indicated in the heading of the income statement. Interest Revenues account includes interest earned whether or not the interest was received or billed. Interest Revenues are nonoperating revenues or income for companies not in the business of lending money. For companies in the business of lending money, Interest Revenues are reported in the operating section of the multiple-step income statement.
Featured Review
"I am currently working as an asset analyst at a multinational company. I perform all activities related to asset management, e.g. creating new assets, running monthly depreciation, and doing write-offs. I became a PRO user because I wanted to get a job in the field of accounting. I think the material is extremely detailed and very well explained, and easy to understand even without previous studies. I really like the video training, flashcards and quick tests that all help us deepen our knowledge. It's much more enjoyable than learning from a textbook. AccountingCoach’s materials helped me get my current job, and I'm confident that if I wanted to change positions and do more complex things, not just asset accounting, the materials would be very useful, as the whole accounting field is covered." - Kata F.
Join PRO or PRO Plus and Get Lifetime Access to Our Premium Materials
Read all 2,645 reviewsWe now offer 10 Certificates of Achievement for Introductory Accounting and Bookkeeping: