may I ask what will be the treatment for factoring on fianncial statments?
I would it may not relevant for f9, but since factoring is related to finance so I ask it here.
Just for my understanding for factoring purpose
Ask the Tutor ACCA FM
factoring
7y ago#1It is no longer called Paper F9 - it is Paper FM.
The treatment in the financial accounts is the same as for normal receivables except there will also be the additional expense of the cost of the factor appearing in the SOPL.
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