Home  Journals  International Accounting  5(299) - 2014 February

Factoring transactions: accounting-classification approach

Available online: 7 February 2014

Subject Heading: PROBLEMS. OPINIONS. DECISIONS

JEL Classification: 

In the world financial services market has created a situation within which competition among financial companies is increased, and the latest achievements in high-tech are in the course, significant improvement of the traditional financial schemes and models on the one hand, and company-consumers of financial services are needed of new, more effective and integrated management tools on the other hand. One of the innovative management tools of working capital for many countries of Eastern Europe, including Russia and Ukraine is factoring. In this paper, based on a study of classification of factoring transactions were systematized classification features that are considered in domestic and foreign scholars’ works, that in turn, allowed to offer own approach to the classification of factoring for accounting purposes, that will provide the information by users in the necessary analytical sections, will display the factoring transactions through the principle of reliability and completeness.

Keywords: factoring transactions, classification, right of return requirement, right of recourse claim, accounting, object of accounting

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ISSN 2311-9381 (Online)
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