Approach to the financial justification of the promotion price

The article considers the approach to recognizing in financial statements loans issued or received at non-market interest rates. It is shown that when recognizing income or expenses on such loans, the market interest rate should be used. On the practical example the following stages of the check-list are considered: determination of the market rate, payment schedule, calculation of discounted and amortized cost of the loan, reflection of issued and received loans in financial statements.