Factoring of accounts receivable : analysis, international perspectives and the Australian market

Factoring is the purchase of a company's accounts receivable by a financier (factor). Australian factoring volume reached an estimated US$1.6 billion in 1992. Despite the volume it is not a favoured means of finance in Australia. This may be partly due to the misunderstanding of its benefits, its reputation as a finance of "last resort" and, perhaps, the perceived lack of professionalism among the Australian factors. The purpose of this thesis is to provide an in-depth analysis of factoring; a means of raising funds, and thus promoting economic activity, through the sale of a firm's accounts receivable. This is achieved by taking an international perspective in the literature review and considering the history, nature and worldwide growth of factoring. A further aim of the thesis is to examine the nature of, and practices in, the Australian factoring market. This is achieved through research by way of questionnaires and personal interview of both Australian factors and some of their clients.

Level dc:type.qualificationlevel

rmaster

Grantor dc:publisher.institution

Victoria University of Technology

Year dc:date.issued

1993

Author dc:creator

• Dancevic, V. Joseph

• 1501 Accounting, Auditing and Accountability
• School of Accounting

Language dc:language

en