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Exit VCEDump CIMA-F1 F1 - Financial Reporting

Q6 Single choice

EFG prepares financial statements to 31 December each year. EFG has the following receivable days based on the year end receivable balances:

Which of the following would be a reason for this decrease in receivable days?

A
EFG employed an inexperienced credit controller in November 20X2.
B
EFG's largest customer negotiated an increase in credit terms during 20X2.
C
EFG's revenue for 20X2 increased as a result of competitive pricing.
D
EFG transferred collection of all receivables to a factoring agency during 20X2.

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