F7 常見問題解析（二）

5. Factoring debt 是什么意思呢？

【答復(fù)】

Factoring debt保理債務(wù)

具體解析：

The sale of a business' invoices to a third party.

The third party is charged with processing the invoices, and the business lending the invoices is able to receive loans based on the expected payments on the invoices.

保理業(yè)務(wù)是指賣方與保理商之間存在的一種契約關(guān)系。根據(jù)該契約，賣方將其現(xiàn)在或?qū)淼幕谄渑c買方（債務(wù)人）訂立的貨物銷售或服務(wù)合同所產(chǎn)生的應(yīng)收賬款轉(zhuǎn)讓給保理商，由保理商為其提供貿(mào)易融資、銷售分戶賬管理、應(yīng)收賬款的催收、信用風(fēng)險控制與壞賬擔(dān)保等服務(wù)

6. 針對于此題，這里的loan notes at par是什么？為何不產(chǎn)生現(xiàn)金流量？如果貸款票據(jù)不是現(xiàn)金或現(xiàn)金等價物，那公司如何用它去買房屋？

Waterloo acquired a building by issuing USD400,000 8% loan notes at par. The market rate of interest at the time of the issue was also 8%.

How should the acquisition be presented in the statement of cash flows for the period?

A、Investing activities USD: (400,000)/ Financing activities: USD400,000

B、Investing activities USD: (400,000)/ Financing activities: Nil

C、Investing activities: Nil/ Financing activities: USD400,000

D、Investing activities: Nil/ Financing activities: Nil 

【答復(fù)】

問題1：

“at par”按面值

loan notes at par 貸款票據(jù)按面值

問題2：

請注意題目中的信息：

Waterloo acquired a building by issuing USD400,000 8% loan notes at par. The market rate of interest at the time of the issue was also 8%.

現(xiàn)金流量表的編制基礎(chǔ)是現(xiàn)金和現(xiàn)金等價物，Loan note 貸款票據(jù)不屬于現(xiàn)金或現(xiàn)金等價物，所以它并不能產(chǎn)生現(xiàn)金流。

正如解析中所說：A note to the cash flow statement should explain this non-cash transaction.

問題3：

貸款票據(jù)是屬于一種 legal document來證明一個人欠別人的錢。通常情況下，貸款票據(jù)的存在是在一個人購買另一個人的物品的時候，使用賒購的方式（on credit）。貸款票據(jù)是用來證明買方欠賣方的款項。

所以它不存在現(xiàn)金交易。