- This topic has 1 reply, 2 voices, and was last updated 4 years ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Debt collection and administration with financing
Hi sir,
I want to know what is the difference between administration and debt collection and Administration and debt collection with financing ??
I can only assume you are asking about the factoring of receivables.
I do explain all of this in my lectures (and I really do not know why you do not bother watching them all – if there is a problem with listening to English then turn on the automatic subtitles. They are not perfect because they are generated automatically, but they should help).
Factors provide several services (depending on how much they are paid). They will all provide the collection of debts and the administration involved. They will also pay money to the company before they actually have collected it from the receivables, but they will charge interest on the money advanced if the company requires them to do it.