Self-Study
Optimize Cash Flow Through Recievables Factoring
Properly classify accounts receivable factoring transactions as "true sales" or secured borrowings, understanding tax implications and reporting requirements for accelerated cash collection strategies.
$58.00 – $78.00
Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction CPE Credits
2 Credits: Accounting
Course Level
Overview
Format
Self-Study
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. Optimize Cash Flow Through Receivables Factoring 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
122305217
October 31, 2022
There are no prerequisites.
None
52
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)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Kelen is a recognized author and reviewer of CPE courses and has authored over 145 courses (350+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. Kelen 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 currently serves as an Accounting Policy Advisor with HP. Prior to HP, he served in multiple …
QAS Self-Study
