Optimize Cash Flow Through Receivables FactoringCode: 23-OPTCASH

Price: $19.95
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Course Details

39 pages

Course description and objectives:

Factoring is a type of transaction where an entity sells it customer receivables to a financial intermediary who then in turn collects payment from the entity’s customers.  Many entities employ this strategy to accelerate cash collection.  This course provides an overview of the accounting and reporting requirements with respect to accounts receivable factoring programs as well as the conditions that must be met in order to recognize the transfer of these financial assets as a “true sale” instead of a secured borrowing.

Course Objectives:

After reading the materials, participants will able to:

  • Recognize key characteristics as well as advantages/disadvantages of factoring arrangements
  • Identify the U.S. GAAP area applicable to factoring arrangements
  • List the three specific conditions that must be met for a factoring arrangement to qualify as a sale
  • Recognize key evaluation considerations relating to true sale opinions
  • Identify examples of continuing involvement
  • Recognize the impact from a failed sale in a factoring arrangement


Presentation Method:  Self-Study


Category:  Accounting

CPE credit:  2 Hour

Program Level:  Update

Prerequisites:  None

Advance Preparation:  None

Exam expiration date:  Participants must submit exams for grading within one year from the date of purchase


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