Factoring – CIMA F1 Financial Reporting

Comments

1. arees89 says

   April 7, 2021 at 10:15 am

   Usually with invoice factoring you get the money for the invoices immediately, so I’m not sure why we are working out the difference in interest between the original receivables days and the time the factor would take to collect the money (15 days). The amount of time the factor takes to collect the money would not have any impact on the decision whether to factor one’s receivables – that information would only be of interest/relevance for the factoring company itself. Or am I missing something?

   Log in to Reply