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Receivables Questions and Answers

Marisse wrote on Mon, 29 December 2008 21:37
-Bakit dinidiscount ang NR? Anung essence nun kung may Pledging, assignment at factoring naman?

Kasi depende yan sa availability ng assets ng kumpanya. Eh kung hindi ganoong kalaki yung AR nila pero marami silang NR, syempre mas pipiliin nilang mag discount ng NR.

saka ito ang difference nyan:

Pledge – parang yung receivables mo, kolateral lang. Parang inooffer mo lang yung receivables mo na paniguro na babayaran mo yung kautangan mo, not necessarily na ipambabayad mo talaga yun. In layman’s term, “sinangla” mo yung AR mo. Diba pag sangla, hindi naman yung sinangla mo ipinangbayad mo? parang paniguro lang na babayaran mo sya? kaya pag pledge, walang entry.

Assignment – mas formal to sa Pledge kasi may entry ka. Dito, parang inaappropriate mo yung AR mo kasi maari mo syang gamiting pangbayad kung kulangin ka ng resources na pangbayad. Kaya kailangan may entry.

Factor – binenta mo yung AR mo para magkaroon ka ng Cash.

Discounting – binenta mo yung NR mo para magkaroon ka ng Cash.

Marisse wrote on Mon, 29 December 2008 21:37
-Sa factoring, diba may “with recourse” which recognizes a liability.. Ano pong Journal Entries nun? (Kasi sa quiz/sw may mga tanong about with/without recourse, na wala namang example sa book at di na rin nadiscuss…)

Sa IFRS/PFRS, ang factoring ay always on a “without recourse basis”.

Sa FASB lang yung pedeng may recourse. Kasi dito sa america, madalas kasi gamitin talaga ang Notes Receivable kumpara dyan sa pinas. Kung baga mas malaki ang risk ng NR dito kaya dito sa US pedeng magrecourse yung mga financing company. Unlike dyan, hindi gaano ginagamit ang Notes Receivables, kaya mababa lang ang risk sa Notes Receivables dyan sa pinas.

Marisse wrote on Mon, 29 December 2008 21:37
-Anong nangyayari sa Allowance for Bad Debts pag may recovery? Hindi na nacclose after i-credit (ulit)?

Recoveries increase the balance of the Allowance for Bad Debts.

kasi ganito ang summary entries nya:

recognition of bad debts:
(dr) Bad debts exp
(cr) Allowance for Bad Debts

write-off
(dr) Allowance for Bad debts
(cr) AR

Recovery

(dr) AR
(cr) Allowance for Bad debts

(dr) Cash
(cr) AR

so, increase talaga at babalik sa balance ng ABD yung recovery mo. Bakit? Eto ang dahilan:

q: Anong nangyari?
a: nakakolekta ka

q: pede ba sya iconsider na income?
a: hindi

q: e baket mo iincrease yung ABD mo, e di bababa ang balance ng AR lalo?
a: oo. Kasi in essence, nakakolekta ka ng AR eh.

q: eh bakit sa ABD chinarge?
a: eh kasi ni-write off mo na yung previous account ng customer eh.

:D:D

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