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Case Study: Credit and Collection Corporation

Karen Allen

Financial Analysis and Planning

Mr. Hindman

April 5, 2005
Credit and Collection Corporation (CCC) is looking to offer stocks to a group of private investors. CCC manages and collects accounts receivables for three different types of customers. CCC uses a local CPA firm to prepare and given an opinion on its financial statements. To improve the favorability of the equity offer CCC has determined it needs an opinion on its financial statements from one of the Big Six CPA firms.

The first type of accounts receivable CCC purchases are delinquent accounts. CCC reviews a company's delinquent accounts receivables, removes problem and bankrupt accounts from the list and then assumes collection responsibility for the collection for a management fee of 30 percent. The second type of accounts receivables are current and delinquent accounts receivable. CCC reviews a company's accounts receivables then......

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Approximate Word Count: 1054
Approximate Pages: 5 (250 words per double-spaced page)

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