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Factoring with maximum recourse

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Factoring with maximum recourse

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Stephen Widberg.
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  • July 5, 2020 at 6:40 am #576018
    gayathree1234
    Member
    • Topics: 40
    • Replies: 1
    • ☆

    Hi sir,

    May I know what is factoring with maximum recourse.And should I derecongise the receivables if a company choose this factoring service?

    Thank you..

    July 5, 2020 at 4:40 pm #576064
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3411
    • ☆☆☆☆☆

    If you factor with recourse, the factor can come back and claim the money back from you if they cannot get the money from your customer.

    In these circumstances the receivable will not be derecognised.

    The money from the factor will be booked as a liability

    If there is no recourse then the receivable can be derecognised

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