A/R securitizatio

when A/R is sold to another party, we are supposed to restate our financials (assuming we are consolidating SPE).

Why wouldn’t we write revenue downwards, especially if we accrued revenue from selling the A/R to another party?

Aren’t you getting cash for selling those receivables?

Yes, you’re getting cash… and after consolidation, you’re getting debt and the receivables back.