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| Author : | Kelen Camehl, CPA, MBA |
| Course Length : | Pages: 18 ||| Word Count: 6711 ||| Review Questions: 4 ||| Final Exam Questions: 5 |
| CPE Credits : | 1.0 |
| IRS Credits : | 0 |
| Price : | $12.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - NASBA Registry |
| Technical Designation: | Technical |
| Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 2513 |
| Description : |
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. |
| Usage Rank : | 15000 |
| Release : | 2025 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
Accounts Receivable (AR): Definition, Uses, and Examples
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| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 17-Mar-2025 |
| NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
| Approved Audience : | NASBA QAS - Text - NASBA Registry - 2513 |
| Keywords : | Accounting, Receivables, Factoring, Practical, Overview, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives Upon completion of this course, you will be able to:
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| Course Contents : | Chapter 1 - Accounting for Receivables Factoring: A Practical Overview Course Learning Objectives Course Overview Introduction Factoring Purposes Factoring Considerations Applicable U.S. GAAP Sale Condition Requirements Sale Condition #1 – Legal Isolation of the Assets True Sale Opinion Review Questions Sale Condition #2 – Right to Pledge or Exchange Sale Condition #3 – Effective Control Factoring Arrangements That Qualify as a Sale Re-Recognition Events Factoring Arrangements Not Qualifying as a Sale Conclusion Review Questions Glossary of Key Terms |
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