Publication: Factoring – method of financing of economic agents
Date
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
ASEM
Abstract
Description
MATEŞ, Dorel, AGAPII, Elena. Factoring – method of financing of economic agents. In: Prospects of accounting development: the young researcher's view [online]: international scientific student conference, November 22, 2017: Collection of articles. Chişinău: ASEM, 2018, pp. 143-148. ISBN 978-9975-75-895-6.
In the developed countries, formidable conditions have been created to encourage the factoring business, as the use of this investment and financing instrument has increased the economic and financial stability of the company and has led to a more efficient management of the accounts receivable through the debt recovery policy. Factoring can also be considered as both commercial and financial activity. The essential role of factoring companies is to take the place of the company in activities that do not relate exclusively to the commercial field. Considering the importance of this financing operation, this paper presents different ways of defining, the importance, advantages and disadvantages of the company, the efficiency of the factoring of the accounting receivables and the real cost of the factoring. JEL: M 41, F10, G15
In the developed countries, formidable conditions have been created to encourage the factoring business, as the use of this investment and financing instrument has increased the economic and financial stability of the company and has led to a more efficient management of the accounts receivable through the debt recovery policy. Factoring can also be considered as both commercial and financial activity. The essential role of factoring companies is to take the place of the company in activities that do not relate exclusively to the commercial field. Considering the importance of this financing operation, this paper presents different ways of defining, the importance, advantages and disadvantages of the company, the efficiency of the factoring of the accounting receivables and the real cost of the factoring. JEL: M 41, F10, G15
Keywords
accounting for factoring agreements, cash flow, Romania