The Factoring as an Effective Mechanism for Receivables Management: the Accounting-Analytical Aspect
Drozdova Olena G.,
Ivanenko Valentyna O. ,
Olkhovskiy Oleksandr A.
Affiliations
Drozdova Olena G.
Candidate of Sciences (Economics), Associate Professor, Head of the Department, Department of Accounting and Taxation, Odesa Institute of Trade and Economy of Kyiv National University of Trade and Economy
Ivanenko Valentyna O.
Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Accounting and Auditing, Zhytomyr State Technological University
Olkhovskiy Oleksandr A.
Head of the Department, Department of Counteraction to Crimes in the Budgetary Sphere, Credit and Financial, Banking and the Activities of the Department of Economic Protection, Department of Economic Protection of the National Police of Ukraine
The article is aimed at substantiating the expediency of using factoring as an efficient instrument for managing accounts receivable and business financing. The article is concerned with the theoretic-methodical bases of factoring application, in particular: the approaches to interpretation of factoring are considered, the specificity of factoring mechanism is defined and the key aspects, which characterize it, are allocated; advantages of factoring application are proved; the types of factoring that have a direct impact on the accounting-analytical support are allocated; the main objects of accountance and economic analysis of factoring are identified; the general directions of analytical provision of factoring usage in activity of both factor and faktorant are suggested.
