factoring

This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
April 29, 2019 at 6:48 pm #514524
chinny98
Member
- Topics: 30
- Replies: 16
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
April 30, 2019 at 3:53 am #514555
John Moffat
Keymaster
- Topics: 57
- Replies: 54859
It 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.
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.