The content of the paper addresses problems that arise in practice regarding the recognition and measurement of interest related to bank credits, loans and leasing operations. The small number of publications focused on the given topic reinforces the degree of importance of the study. In this context, the results of the research of local and foreign scholars are analyzed as well as the provisions of national and international accounting regulations. In the research process, the need of calculation of the annual percentage rate of charge in accordance with advanced international practices is argued particularly. Among the fundamental recommendations, it is reasonable considered to bookkeep mentioned interest rates amounts at the time of their calculation in the total amount. For this purpose, it is proposed to introduce the separate sub-accounts to the accounts of financial liabilities or the methodological application of the accounts of anticipated revenues. Additionally, is analyzed the opportunity to use contingent liability accounts for the accounting of the total interest amount of a loan contract. The recommendations are reasonable for the correct determination of the indicators in the financial statements and serve as a basis for taking economic and managerial decisions. In order to achieve these proposals, the author considers it necessary to make changes in the national accounting standards and the general plan of accounting accounts. The information on the amount of interest rate accounted in accordance with the presented recommendations is to be used in the audit of financial liabilities. The practical implementation of the formulated recommendations will ensure the veracity of the information in the financial statements and their comparability at the national and international level.