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

Dancevic, V. Joseph (1993) Factoring of accounts receivable : analysis, international perspectives and the Australian market. Research Master thesis, Victoria University of Technology.

Abstract

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.

Additional Information

Master of Business in Accounting and Finance

Item type Thesis (Research Master thesis)
URI https://vuir.vu.edu.au/id/eprint/15588
Subjects Current > FOR Classification > 1501 Accounting, Auditing and Accountability
Historical > Faculty/School/Research Centre/Department > School of Accounting
Keywords Factoring, accounts receivable, Australia, finance
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