ACCA Financial Management lectures Download FM notes
ACCA F9 The Management of receivables part 1
Reader Interactions
Comments
Leave a Reply
You must be logged in to post a comment.
Free ACCA & CIMA online courses from OpenTuition
Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams
20% off ACCA & CIMA Books
OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>
Dear Sir
In example 1 where are getting the 100 dollars yet the annual sales figure is 12,000,000.
1 month=100
at a rate of 4 % dscount we will get 10*96%=$ 96
kindly help
The total sales are not relevant – we can’t force customers to take the discount, all we are trying to do is calculate the effective interest cost.
Do it on any number you like, and the answer will be the same. It is simply that $100 is an easy number to use.
Dear Sir,
In the notes it says “the factor advances 80% of the sales value immediately on invoicing”. But in the lecture you mentioned that only 20% is advanced immediately, can you please clarify this. Thank you.
The notes just give that as an example – the % is whatever is agreed with the factor.
In the lecture I use a different illustration.