
QAS Self-Study

Overview

CPE Credits
2 Credits: Accounting
Course Description
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.
Learning Objectives
Upon completion of this course, you will be able to:
- Recognize key characteristics as well as advantages/disadvantages of factoringarrangements;
- Identify the U.S. GAAP area applicable to factoringarrangements;
- List the three specific conditions that must be met for a factoringarrangement to qualify as a sale;
- Recognize key evaluation considerations relating to true saleopinions;
- Identify examples of continuing involvement; and
- Recognize the impact from a failed sale in a factoringarrangement.
Course Specifics
Course ID 122305217 |
Revision Date October 31, 2022 |
Number of Pages 52 |
Prerequisites There are no prerequisites. |
Advanced Preparation None |
Compliance information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
Course Instructor

Kelen is a recognized author and reviewer of CPE courses and has authored over 120 courses (300+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen also remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”. Kelen has nearly 20 years of progressive finance and accounting experience. He …
Optimize Cash Flow Through Recievables Factoring
$58.00 – $78.00

QAS Self-Study

Overview

CPE Credits
2 Credits: Accounting
Course Description
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.
Learning Objectives
Upon completion of this course, you will be able to:
- Recognize key characteristics as well as advantages/disadvantages of factoringarrangements;
- Identify the U.S. GAAP area applicable to factoringarrangements;
- List the three specific conditions that must be met for a factoringarrangement to qualify as a sale;
- Recognize key evaluation considerations relating to true saleopinions;
- Identify examples of continuing involvement; and
- Recognize the impact from a failed sale in a factoringarrangement.
Course Specifics
Course ID 122305217 |
Revision Date October 31, 2022 |
Number of Pages 52 |
Prerequisites There are no prerequisites. |
Advanced Preparation None |
Compliance information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
Course Instructor

Kelen is a recognized author and reviewer of CPE courses and has authored over 120 courses (300+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen also remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”. Kelen has nearly 20 years of progressive finance and accounting experience. He …
Optimize Cash Flow Through Recievables Factoring
$58.00 – $78.00