Skip to main content

The WSCPA will be closed Monday, May 27th in observance of Memorial Day.

Optimize Cash Flow Through Recievables Factoring ON DEMAND

Available Until

Your Desk

2.0 Credits

Member Price $58.00

Non-Member Price $67.00


Factoring is a type of transaction where an entity sells it customer receivables to a financial intermediary who then in turn collects payment from the entity’s customers. Many entities employ this strategy to accelerate cash collection. This course provides an overview of the accounting and reporting requirements with respect to accounts receivable factoring programs as well as the conditions that must be met in order to recognize the transferor these financial assets as a “true sale” instead of a secured borrowing.


Advantages and Disadvantages of Factoring. Overall conditions for Sale Accounting. Level of recourse considerations. What type of language would be problematic. Continuing Involvement. Assessment of constraints. Factoring arrangements qualifying as a sale. Derecognition guidance. Factoring arrangements not qualifying as a sale.



Designed For



Recognize key characteristics as well as advantages/disadvantages of factoring arrangements. Identify the U. S. GAAP area applicable to factoring arrangements. List the three specific conditions that must be met for a factoring arrangement to qualify as a sale. Recognize key evaluation considerations relating to true sale opinions. Identify examples of continuing involvement. Recognize the impact from a failed sale in a factoring arrangement.






Leader Bios

Kelen Camehl, Western CPE

Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen has also remained involved in CPA exam content development for nearly 10 years and has authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”.

Kelen has over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX. Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.

Return to Top

Non-Member Price $67.00

Member Price $58.00