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.
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
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Self Study
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Secure access to the receivables factoring self-study in seconds - no prerequisites
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Finish the modules and pass a short quiz to earn 1 CPE credit
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This course offers a high-level overview of the accounting and reporting considerations for accounts receivable factoring.