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- 2011-7-11
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- 2014-8-7
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3#
发表于 2011-7-11 19:38
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in what case we need to adjust it back to B/S on asset and liability? Thanks.
AndrewUNH Wrote:
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> was this guy's post from your last same question
> not helpful?
>
> "A company sells A/R off to a SPE. The SPE buys
> the A/R and then provides cash back to the company
> for the asset. This is your typical scenario.
> Think about your accounting formula, if you sell
> an asset, in this case A/R, you are converting
> that asset into cash so you can't double count it.
> Cash up, A/R down. So your current ratio stays the
> same. The receivables will entirely come off of
> the BS under normal circumstances."
>
> I think you are getting this mixed up with
> ADJUSTING for a company that sold off its A/R. In
> order to adjust for this sketchy business, you ADD
> BACK the amount of the securitization to Assets
> and Liabilities, effectively reversing what the
> company did.
>
> Does that help? |
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