Factoring is a financing arrangement where a business sells its receivables to a third party, called a factor, in exchange for immediate cash. The business receives funds faster instead of waiting for customers to pay. It helps improve liquidity, though it usually comes at a cost or discount.
Funds Flow Statement
A funds flow statement shows how financial resources moved between two balance sheet dates, especially changes in working capital and long-term financing. It is...
Fund Accounting
Fund accounting is a system used mainly by non-profits, governments, and institutions to track resources separately according to purpose or restriction. Instead of focusing...
Functional Currency
Functional currency is the main currency in which a business primarily operates and generates cash flows. It is the currency of the primary economic...
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