What are objectives for reporting transfers of receivables

Assignment Help Accounting Basics
Reference no: EM131591646

Question: BRIDGE TO THE PROFESSION

Professional Research: FASB Codification

As the new staff person in your company's treasury department, you have been asked to conduct research related to a proposed transfer of receivables. Your supervisor wants the authoritative sources for the following items that are discussed in the securitization agreement.

Instructions: If your school has a subscription to the FASB Codification, go to https://aaahq.org/asclogin.cfm to log in and prepare responses to the following. Provide Codification references for your responses.

(a) Identify relevant Codification section that addresses transfers of receivables.

(b) What are the objectives for reporting transfers of receivables?

(c) Provide definitions for the following:

(1) Transfer.

(2) Recourse.

(3) Collateral.

(d) Provide other examples (besides recourse and collateral) that qualify as continuing involvement.

Reference no: EM131591646

Questions Cloud

Affiliation may or may not be about the current work place : Policy and procedures offer guidance on how to perform a task but people who have performed it in the past know all the difficulties that could come up.
Write a java program that simulates a small airport : Write a Java program that simulates a small airport with one runway. Airplanes waiting to take off join a queue on the ground.
Role in ensuring alliances built on trust : Conduct additional research to evaluate the HR executive's role in ensuring alliances built on trust and respond to the following questions.
What are your recommendations for improving the cps system : What are your recommendations for improving the CPS system at a macro level? Discuss the organizational development of CPS from a systems theory perspective.
What are objectives for reporting transfers of receivables : As the new staff person in your company's treasury department, you have been asked to conduct research related to a proposed transfer of receivables.
Unsafe nurse to patient ratios : The one challenge I would address in the health care industry, is that of unsafe nurse to patient ratios.
Financial aspects of the sports industry : After reading the resource articles that discuss the various financial aspects of the sports industry, review a major sporting event.
Explain the importance of yield-to-maturity : Explain the feature in detail and explain the importance of yield-to-maturity.
What is your initial deposit into your account : What is a ‘short sale?’ Suppose you short 10,000 shares of stock at a price of $40. What is your initial deposit into your account?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd