Self-Study
Invoice Factoring Essentials
Understand invoice factoring as a financing option, including factor selection, process details, and risk management.
$29.00 – $49.00
Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction CPE Credits
1 Credits: Finance
Course Level
Overview
Format
Self-Study
Course Description
Factoring can be a valuable financing tool for smaller, growing businesses. In the Invoice Factoring Essentials 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.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- 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.
Course Specifics
SS324373644
February 19, 2024
There are no prerequisites.
None
37
Compliance Information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. 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 …
QAS Self-Study
