Invoice Factoring Essentials FLEXCAST
Available Until
Your Desk
1.0 Credits
Member Price $98.00
Non-Member Price $113.00
Overview
Factoring can be a valuable financing tool for smaller, growing businesses. In this course, we discuss when this tool should be used, how to select a factor, the terms and conditions that it imposes, the factoring process, and the differences between recourse and non-recourse factoring. We also look at factoring from the viewpoint of the factor, noting how it makes money, controls its risk, and deals with potential fraud situations.
Highlights
When to use factoring. How much does a factor make? Selecting a factor. Factor application and setup fees. UCC-1 financing statements. The factoring process. Reasons to change factors. Advantages of factoring. Disadvantaging of factoring.
Prerequisites
None.
Designed For
CPAs, CEOs, CFPs, and other financial managers.
Objectives
Identify the types of businesses that can profit from the use of factoring. Specify the issues impacting the profits earned by a factor. Identify the selection criteria for picking a factor. Specify the fees that factors charge to their clients. Identify why factors use reserve accounts. Recall how a factor can protect its interests in the event of a client bankruptcy. Recall the differences between recourse and non-recourse financing.
Preparation
None.
Notice
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $113.00
Member Price $98.00