TOPIC: Receiving Financing

1. Explain what is receivable financing

2. What are the forms of financing related to accounts receivable

3. Distinguish pledge and assignment of account receivable.

4. What is the meaning of non-notification and notification basis with respect to assignment of accounts receivable?

5. What is Credit card?

6. What is factoring?

7. Discuss what is discounting of note receivable

8. Explain what is maturity value

9. Who are the original parties in a promissory note?

10. Who are the parties involved after discounting of note receivable?

11.Explain the endorsement of a negotiable instrument

12. What is the formula in computing interest on the note receivable?

13. What is the formula in computing net proceeds from discounting of note receivable

14. What is the formula in computing discount?

15. What is the formula in computing gain or loss on discounting of note receivable?

16. Discuss What is discounting without recourse

17. Explain discounting with recourse accounted for as conditional sale

18. Explain discounting with recourse accounted for as secured borrowing.

19. Explain discount in relation to discounting of note receivable.

Answers can be base on Intermediate Accounting Vol. 1 by Valix.

Please answer all questions of the two topics. Thank you!