""The Role of Factoring in Modern Business Finance: Studies in Commercial Financing, No. 1"" by Clyde William Phelps is a comprehensive guide that explores the importance of factoring in modern business finance. The book is intended for business owners, entrepreneurs, and financial professionals who want to understand the concept of factoring and its role in commercial financing. The author explains the basics of factoring, including its definition, types, and benefits. He also discusses the history of factoring, its evolution, and how it has become an essential tool for businesses to manage their cash flow. The book provides a detailed analysis of the advantages and disadvantages of factoring, as well as the factors that businesses need to consider before choosing a factoring company. In addition, the book covers the legal and regulatory framework of factoring, including the Uniform Commercial Code (UCC) and the laws that govern factoring transactions. The author also examines the various accounting and tax implications of factoring, including how it affects a company's financial statements and tax returns. Overall, ""The Role of Factoring in Modern Business Finance: Studies in Commercial Financing, No. 1"" is a valuable resource for anyone who wants to understand the importance of factoring in modern business finance. The book is well-researched, well-written, and provides practical insights and advice for businesses looking to improve their cash flow management.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
