USA Cost accounting & loans and interests

[Sidneyessam]

does a cost accountant deal with loans and interests in a way or another ? and if yes then how far ?

 

[kirby]

Usually cost accountants are in industries where there is inventory as inventory is typically a bundle of costs or allocated costs. A cost accountant can bring the same discipline to loan and deposit products. For example, the FASB 91 loan fee deferral statement. Here a cost accountant can be engaged to analyze fees that are to be expensed and those that are to be amortized.