Factoring and International Integrated Reporting Framework Board: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
m (Add category.)
 
imported>Doug Williamson
(Mend link.)
 
Line 1: Line 1:
The sale or transfer by a supplier of legal title to accounts receivable (invoices).
''Financial reporting - sustainability - Value Reporting Foundation''.


The supplier sells or transfers title to the receivables to a third party known as a factor.
The Value Reporting Foundation (VRF) is established to help businesses and investors to deepen and broaden their understanding of sustainable enterprise value.


The arrangement can be either with or without recourse.  
The International Integrated Reporting Framework Board is part of the VRF.




Factoring is often a convenient - but relatively expensive - form of finance for weaker corporate credits.
The role of the International Integrated Reporting Framework Board includes:
*Recommending for approval any revision, modification or other update to the International Framework.
*Providing input on other guidance material relating to integrated reporting or integrated thinking.


The supplier sells its invoices, at a discount, to the factor. The factor then becomes responsible for collecting the debt.


A factoring agreement between the factor and a client sets out the terms on which a factoring arrangement is made.
The International Integrated Reporting Framework Board is sometimes written ''<IR> Framework Board''.
 
 
As noted above, factoring arrangements can be with or without recourse.
 
Recourse factoring allows the factor to recover from the supplier/borrower any losses caused by bad debts.




== See also ==
== See also ==
* [[Accounting for Sustainability]] (A4S)
* [[Business & Sustainable Development Commission]]
* [[Carbon footprint]]
* [[Corporate social responsibility]]
* [[Enterprise value]]
* [[Financial stability]]
* [[Integrated Reporting Framework]]
* [[Integrated Thinking Principles]]
* [[International Integrated Reporting Council]] (IIRC)
* [[Metaeconomics]]
* [[Natural capital]]
* [[Organic]]
* [[SRI]]
* [[SASB Standards]]
* [[Sustainability]]
* [[Sustainability Accounting Standards]]
* [[Sustainability Accounting Standards Board]] (SASB)
* [[Sustainability bond]]
* [[Sustainable Finance Disclosure Regulation]] (SFDR)
* [[Value driver]]
* [[Value Reporting Foundation]]


* [[Factors]]
* [[Confidential factoring]]
* [[Debt factoring]]
* [[Domestic factoring]]
* [[Export factoring]]
* [[FCI]]
* [[Forfaiting]]
* [[Import factoring]]
* [[Internal factoring]]
* [[International factoring]]
* [[Invoice discounting]]
* [[Recourse]]
* [[Reverse factoring]]
* [[Securitisation]]
* [[Whole turnover]]


[[Category:Corporate_finance]]
==External link==
*[https://www.integratedreporting.org/the-iirc-2/structure-of-the-iirc/ir-framework-panel/ The International Integrated Reporting Framework Board - about us]

Revision as of 22:17, 3 December 2021

Financial reporting - sustainability - Value Reporting Foundation.

The Value Reporting Foundation (VRF) is established to help businesses and investors to deepen and broaden their understanding of sustainable enterprise value.

The International Integrated Reporting Framework Board is part of the VRF.


The role of the International Integrated Reporting Framework Board includes:

  • Recommending for approval any revision, modification or other update to the International Framework.
  • Providing input on other guidance material relating to integrated reporting or integrated thinking.


The International Integrated Reporting Framework Board is sometimes written <IR> Framework Board.


See also


External link

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Factoring&oldid=28202’