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Accounting for Receivables Factoring: A Practical Overview

Accounting for Receivables Factoring: A Practical Overview

$40.95

$29.95

This course offers a high-level overview of the accounting and reporting considerations for accounts receivable factoring.

KC94

1 CPE Credit

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.

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    This course offers a high-level overview of the accounting and reporting considerations for accounts receivable factoring.

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Learning Objectives 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

Course Details

Course Number

KC94

Course Format

Online

Test Format

Online

CPE Credit

1 Credit

Level

Basic

NASBA Field of Study

Accounting

Instructional Method

QAS Self Study

Our Price

$29.95

Credit Hours

1 Hour

Author/Instructor

Kelen F. Camehl, CPA

Publication Date

January 2025

Program Prerequisites

None

Advanced Preparation

None

You Save

$11

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Finish the modules and pass a short quiz to earn 1 CPE credit

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