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| Author : | Kelen Camehl, CPA, MBA |
| Course Length : | Pages: 22 ||| Word Count: 13,891 ||| Review Questions: 6 ||| Final Exam Questions: 10 |
| CPE Credits : | 2.0 |
| IRS Credits : | 0 |
| Price : | $17.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - Technical - NASBA Registry |
| Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 2088 |
| 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. |
| Usage Rank : | 0 |
| Release : | 2022 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
Cash Flow: What It Is, How It Works, and How To Analyze It
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| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 12-Dec-2022 |
| 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 - Technical - NASBA Registry - 2088 |
| Keywords : | Accounting, Optimize, Cash, Flow, Receivables, Factoring, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives
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| Course Contents : | Chapter 1 - Optimize Cash Flow Through Receivables Factoring Course Learning Objectives Course Overview Introduction Overview of Factoring Arrangements Advantages & Disadvantages of Factoring Where Do I Look to in U.S. GAAP? Review Questions Transfers Within Scope of ASC 860 Overall Conditions for Sale Accounting Three Specific Conditions for Sale Accounting Sale Condition #1 Legal Isolation True Sale Opinion Review Questions Sale Condition #2 Right to Pledge or Exchange Continuing Involvement Assessment of Constraints Sale Condition #3 Effective Control Factoring Arrangements Qualifying as a Sale Re-Recognition Events Factoring Arrangements Not Qualifying as a Sale Review Questions Glossary of Key Terms |
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