Invoice Factoring Essentials
Factoring can be a valuable financing tool for smaller, growing businesses. In the Invoice Factoring Essentials course, we discuss when this tool should be used, how to select a factor, the terms and conditions that it imposes, the factoring process, and the differences between recourse and non-recourse factoring. We also look at factoring from the viewpoint of the factor, noting how it makes money, controls its risk, and deals with potential fraud situations.
Format
PDF Course
Level
Overview
Duration
1.5 Hours
Course Information
Author: Steven Bragg
Course Number: FN1033
Learning Objectives
- Identify the types of businesses that can profit from the use of factoring.
- Specify the issues impacting the profits earned by a factor.
- Identify the selection criteria for picking a factor.
- Specify the fees that factors charge to their clients.
- Identify why factors use reserve accounts.
- Recall how a factor can protect its interests in the event of a client bankruptcy.
- Recall the differences between recourse and non-recourse financing.
Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Finance
Prerequisites: None
Advance Preparation: None
Latest Review Date: April 2024
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.