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Course Level :Basic
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Credits :2
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Pre-requisites :None
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Advance Preparation :None
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This online course digs into accelerating cash flow through Receivables Factoring. It delves into how companies speed up cash collection by selling their customer receivables to a financial middleman. The focus is on understanding the accounting and reporting rules governing these financial transactions, particularly aiming to distinguish them as a "true sale" rather than a secured borrowing under U.S. GAAP standards.
Throughout the course, participants will grasp the upsides and downsides of these factoring deals, become familiar with the specific U.S. GAAP guidelines related to such transactions, and learn about the necessary conditions for a factoring arrangement to be recognized as a sale. Furthermore, they'll explore how to assess true sale opinions and navigate through situations involving continued involvement or the repercussions of an unsuccessful sale.
This CPE Accounting course content covers a broad spectrum of crucial aspects, starting with an overview of factoring arrangements, diving into their pros and cons, and detailing the U.S. GAAP regulations that govern them. Participants will delve into the requirements for sale accounting in these arrangements, understand the criteria essential for a factoring deal to qualify as a sale, and get insights into scenarios where these arrangements don’t meet the sale criteria.
Enroll in this course by Kelen Camehl to gain an in-depth understanding of Receivables Factoring. You’ll learn to strategically optimize cash flows by leveraging insightful factoring arrangements while ensuring strict adherence to U.S. GAAP standards.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) 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: www.NASBARegistry.org.
Advisor, HP
Kelen is a recognized author and reviewer of CPE courses and has authored over 150 courses (370+ 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 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 a Principal in Accounting Policy with HP in Doha, Qatar. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.
96 Ratings
JM
Dec 13th, 2023
Have not studied this subject since college and now I have a better and more detailed grasp on the concepts of factoring and pledging. Thanks for a great course!
JW
Mar 26th, 2024
excellent rules on factoring AR
Apr 9th, 2024
Very good. Thanks
XD
May 22nd, 2024
Informative and exhibits are very clear.
AP
Dec 31st, 2023
Documentation summarized nicely. Thanks!
