• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Management of Receivables

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Management of Receivables

  • This topic has 2 replies, 2 voices, and was last updated 15 years ago by Amarain.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • June 7, 2010 at 1:06 pm #44512
    Amarain
    Member
    • Topics: 5
    • Replies: 70
    • ☆☆

    Hello Peter,

    First of all, thanks a lot for your support and for making OT happening.
    I am avery confused because when I have attempted questions about offering a discount (management of receivables) I have never been bothered to use any formula. I have seen people in the forum asking how to use that formula and I have seen the formula in the BPP passcards. Is it essential to know the formula in order to do the Questions? If so, could you please give me a brief example?. Very appreciated.

    Thanks

    Amarain

    June 7, 2010 at 6:39 pm #63609
    Anonymous
    Inactive
    • Topics: 1
    • Replies: 87
    • ☆☆

    Hi Amarain,
    I believe you will find the answer to your question contained within my reply to “LISA83” ,2 days ago. Have a look at her question and then my answer.
    Th e SIMPLEST FORMULA THAT I PREFER TO USE IS:
    Discount
    100 – Discount 365
    Reduction in Payment Days

    I am having trouble with this text box to input the formula for you but In other words, it is the Discount divided by 100 minus the Discount … all multiplied by 365 divided by the reduction in payment days.

    Hope this + the other posting give you the clarity…… Peter

    June 7, 2010 at 6:46 pm #63610
    Amarain
    Member
    • Topics: 5
    • Replies: 70
    • ☆☆

    Many thanks! Much appreciated

    Amarain

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • Ark1 on Pricing strategies – ACCA Performance Management (PM)
  • John Moffat on Accruals and Prepayments – ACCA Audit and Assurance (AA)
  • Rutjay on Accruals and Prepayments – ACCA Audit and Assurance (AA)
  • finance123 on Investment Appraisal – NPV, IRR – ACCA Management Accounting (MA)
  • Rashi@gupta on FA Chapter 4 Questions Accruals and Prepayments

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in