Organization of accounting for factoring companies: risk-oriented approach
Journal Title: Проблеми теорії та методології бухгалтерського обліку, контролю і аналізу: міжнародний збірник наукових праць - Year 2017, Vol 37, Issue 2
Abstract
To solve the problem of rational organization of accounting factoring activity the current research identifies the types of factoring operations typical for the accounting system of factoring company, and their place in this system. The recommended provisions, which must be fixed in the accounting policy of the enterprise-factor, are presented. Based on the identification of the most significant provisions of the factoring agreement, it is proposed to limit the amount of funding depending on the type of factoring. The risk factor matrix for factoring business is developed to improve the efficiency of their management and the accounting of operations due to risk management methods. The accounting of the factoring company is proposed taking into account the following components: 1) the moment of acceptance of the sold (deferred) receivable to the accounting; 2) the features of factoring depending on its type; 3) the peculiarities of accounting registration of charges in factoring operations; 4) the procedure for inventorying factoring transactions.
Authors and Affiliations
I. M. Vygivska, V. K. Makarovych
Keywords
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