Optimize Cash Flow Through Receivables Factoring (CPA)

Estimated Time: 1.5 hours

$34.00

Earn 2 Points for Completing

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Many entities employ factoring as a means of accelerating cash collection, and this course provides a brief overview of the accounting and reporting requirements for such programs. However, it goes further into the conditions to meet in order to recognize transfers of financial assets as true sales, rather than secured borrowing. Course Type: eBook. Worth 2 CPE Credits (CPA/NASBA).

Credits

1.5 CPE Credits
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Learning Objectives

  • Recognize key characteristics as well as advantages/disadvantages of factoring arrangements
  • Identify the U.S. GAAP area applicable to factoring arrangements
  • List the three specific conditions that must be met for a factoring arrangement to qualify as a sale
  • Recognize key evaluation considerations relating to true sale opinions
  • Identify examples of continuing involvement
  • Recognize the impact from a failed sale in a factoring arrangement

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Field of Study: Accounting - Prerequisites & Advanced Preparation: None - CPE Credit Type: Technical - Delivery Method: QAS Self Study - For more information regarding administrative policies such as complaint and refund, please contact our Customer Success team at support@vtrpro.com or visit our Help webpage.

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CPA: VTR is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org. This program is valid for 1.5 CPEs.