Accounting for Receivables Factoring: A Practical OverviewCode: 27-ARECEIVABLES

Price: $15.00
Add to Cart

Course Details

Pages: 23
Course Overview
Factoring involves selling customer receivables to a financial intermediary, which then collects payment directly from the customers. This strategy is commonly used to accelerate cash flow. This course offers a high-level overview of the accounting and reporting considerations for accounts receivable factoring, focusing on the criteria for determining whether the transfer qualifies as a “true sale” or should be accounted for as a secured borrowing.

Learning Objectives
Upon completion of this course, you will be able to:
  •  Identify the U.S. GAAP area applicable to factoring arrangements
  •  List the specific conditions that must be met for a factoring arrangement to qualify as a sale
  •  Recognize key evaluation considerations relating to true sale opinions
  •  Recognize the accounting impacts from a factoring transaction
Category: Accounting

Recommended CPE Hours: 1

Level of knowledge: Overview

Prerequisite: General understanding of Accounting

Advanced Preparation: None
Processing...
$15.00
Select Desired Format:


No reviews yet.

For more information regarding refunds, complaints, or cancellation policies, please contact our offices at 817-477-0222.

American CPE, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

 

NASBA QAS Sponsor number 108096