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Factoring as a Form of Accounts Receivables Re-financing


  • Tamara Hovorushko

    () (National University for Food Technologies)

  • Inna Sytnyk

    () (National University for Food Technologies)

  • Kateryna Stepanenko

    () (National University for Food Technologies)


This article covers the essence of factoring. The need for its use by Ukrainian businesses for the purpose of quick debt recovery was identified. Increasing of competitiveness and efficiency of management of all kinds of resources is rather significant for successful business development in Ukraine nowadays. The global economic turmoil has sufficiently influenced the economy of Ukraine, thus the problem of non-payment and shortage of working capital remain acute which can be evidenced by the proportion of accounts receivable and payables in the balance sheet. The use of factoring as an up-to-date form of re-financing is one of the ways to solve this problem which would result in effective management of business accounts receivable.

Suggested Citation

  • Tamara Hovorushko & Inna Sytnyk & Kateryna Stepanenko, 2012. "Factoring as a Form of Accounts Receivables Re-financing," Accounting and Finance, Institute of Accounting and Finance, issue 4, pages 35-40, December.
  • Handle: RePEc:iaf:journl:y:2012:i:4:p:35-40

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    References listed on IDEAS

    1. Gaspar, J. & Vasconcelos, P.B. & Afonso, O., 2014. "Economic growth and multiple equilibria: A critical note," Economic Modelling, Elsevier, vol. 36(C), pages 157-160.
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    More about this item


    Factoring; factoring transactions; accounts receivable; financial institutions; factoring companies;

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General


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