Accounting for QSPE

If a firm sells AR to a QSPE the firm's AR decreases and cash increases right?

economicz

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发表于 2011-7-13 13:47 | 只看该作者

thanks a lot!

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madaochenggong

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发表于 2011-7-13 13:47 | 只看该作者

My thinking here is if they eliminate QSPE's then AR will be higher and cash lower.

Edited 1 time(s). Last edit at Wednesday, May 26, 2010 at 08:20AM by mambovipi.

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FinancialAnaly

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发表于 2011-7-13 13:47 | 只看该作者

QSPE's are not allowed under US GAAP. Depending on whether or not the receivables were sold with recourse, the seller may have to treat it as a collateralized borrowing.

NO EXCUSES

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Accounting for QSPE

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