F7 常见问题解析（二）

5. Factoring debt 是什么意思呢？

【答复】

Factoring debt保理债务

具体解析：

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.

保理业务是指卖方与保理商之间存在的一种契约关系。根据该契约，卖方将其现在或将来的基于其与买方（债务人）订立的货物销售或服务合同所产生的应收账款转让给保理商，由保理商为其提供贸易融资、销售分户账管理、应收账款的催收、信用风险控制与坏账担保等服务

6. 针对于此题，这里的loan notes at par是什么？为何不产生现金流量？如果贷款票据不是现金或现金等价物，那公司如何用它去买房屋？

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 

【答复】

问题1：

“at par”按面值

loan notes at par 贷款票据按面值

问题2：

请注意题目中的信息：

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%.

现金流量表的编制基础是现金和现金等价物，Loan note 贷款票据不属于现金或现金等价物，所以它并不能产生现金流。

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

问题3：

贷款票据是属于一种 legal document来证明一个人欠别人的钱。通常情况下，贷款票据的存在是在一个人购买另一个人的物品的时候，使用赊购的方式（on credit）。贷款票据是用来证明买方欠卖方的款项。

所以它不存在现金交易。