Archive for

Accounting and Finance Career Preparation Programs

A love of numbers can lead to a lucrative career in various fields. Students that have an interest in numbers may find an accounting program is right for them. Accredited programs can be pursued through several degree and concentration areas.

Completing a degree program in accounting prepares students to step into various careers that involve accounting and finance. Students learn to work with businesses, organizations, individuals, and government groups on their finances. Accounting programs are available to students at the associate’s, bachelor’s, master’s, and doctorate’s degree level. Student’s career goals will determine which degree program to complete. Other possible accounting and finance career preparation programs can include:

Accounting Technology
Bookkeeping
Corporate Financing
Finance and Banking
Several concentration areas like accounting technology, for example, lead to an associate’s degree. Students that want to complete a higher level degree program can continue education inside a graduate accounting program. Corporate finance also awards undergraduate degrees unless students advance their training inside a finance degree program. To complete the right program students should research the industry’s requirements for the careers they are interested in obtaining.

An associate’s degree in accounting examines several key areas of the field at a fundamental level. Accounting, finance, and acquisitions are some main areas covered. The goal of a program is to prepare students to analyze the financial status of a person or group and be able to create documents. Students learn the Generally Accepted Accounting Principles procedures, which helps the transition into the profession. Students can enter careers as general accountants, budget analysts, and loan officers.

To gain the best career options in accounting and finance students should complete graduate degree training. Schooling covers the foundations of accounting more in-depth. Students study risk management, assurance, financial management, taxation, and much more. Master’s degree programs train students to understand business and taxation. Through subjects like advanced auditing, corporate taxation, and financial research students are able to step into multiple careers. Students can enter careers in both the private and government divisions of the industry with a master’s degree. Students that want to enter positions as professors typically complete training at the doctoral level. Tax research and finance analysis are some course topics examined. Possible career options for students that have a graduate degree include risk assessors, corporate executives, financial managers, and auditors.

Students that pursue another area of accounting and finance such as corporate finance will find education to be highly focused. Students that complete a bachelor’s degree program will explore financial reporting, international market, and personal investments. Students learn to work with businesses by providing help with cost management, investment, and market regulation. Upon graduation students can become investment bankers, fraud investigators, stockbrokers, and more. Advanced careers will have to be pursued with a graduate degree in finance.

Accredited accounting and finance degree programs give students several career opportunities. Students can enter their desired careers when education is matched correctly with their professional goals. Full accreditation is awarded to quality programs by agencies like the Accrediting Council for Independent Colleges and Schools ( http://www.acics.org/ ). Enroll in a college or university to begin the educational training required to enter this career field.

Car Title Loans Can Finance Your Kid’s Summer Camps

Summer is around the corner and it’s time to make plans for the children while you’re at work. Summer camps are a fun and educational way for them to spend the summer instead of sitting in from of the television or computer and playing video games. But, summer camps can be very expensive, whether you choose to do a day camp or a sleep-away camp.

You may need to get the funds together quickly in order to sign them up in time before the camps are booked. You use your credit card for other types of expenses so you don’t want to tie up the balance available and there’s not enough in the checking account to just write a check. Where are you going to get the money? Consider title loans as a solution to the summer camp dilemma.

It only takes a few minutes to apply and you will get an answer very quickly. You could have the cash in hand with in 24-48 hours. The lender will pull a credit report, but your credit score will not determine you eligibility for the loan, since you use your car as collateral in order to secure the loan.

Once you are approved, you get a predetermined percentage of the value of the car or less. But loans in states like Arizona are for a minimum of $1500. So, find out how much the summer camps cost before you apply. The interest rates are lower than unsecured loans and the repayment terms are more flexible.

You also, get to keep the car while you are paying on the loan. But remember to make all of your payments on time by following the terms of the loan closely. This way you will not run the risk of losing your car to the dealer. A lender can repossess your vehicle if your account becomes delinquent.

If you decide to use an title loan to send you children to summer camp, why not take out enough for you and mom to enjoy a little vacation of your own. If they are at sleep-away camp, plan a weekend getaway or, if they are just going to day camp, you can take a day off from work and treat your self to a day at the spa. You might as well take advantage of the time and the loan.

Getting the money to send the children to summer camp is well worth it-for you and for them. Summer camp is a great way for children to build a few very important skills, gain self-confidence, and strengthen as individuals. The children will also have some memories of a lifetime and hopefully will make some life-long friends. Sure, you’ll miss them and they’ll miss you, but summer camp is a great opportunity for your children to learn how to meet new people, work together as a team and how to accomplish tasks.

Asset-Based Financing – 3 Financing Strategies For Your Small Business

When you were a kid you might have had a hobby or a special collection that was your pride and joy. Perhaps it was a baseball card collection, and every Saturday on allowance day you found yourself at the local sports store salivating over the Mickey Mantle rookie card. You dreamt of that card, but the price tag didn’t quite fit in with your financial portfolio that included $5 for mowing the lawn once a week. In present day, you realize that card could have done more than completed your prized collection, you could have used it as collateral for a loan. Well not really, but you get the point, that collateral for your loan can come in many forms, but it’s up to you to research your assets in order to gain the financing you desire.

Accounts Receivable Financing- One of the most common methods to achieve financing is known as accounts receivable financing. It involves a secured loan wherein the accounts receivable are used as collateral in exchange for a cash sum that will be paid within a short term period. Typically this type of financing is used to assist businesses with a short term cash problem. The lender considers the “age” of the accounts, meaning the older the account the lesser the value. For accounts less than thirty days old, a lender will allot about 75 percent of the appraised or face value. The lender will also consider credit and past payment history when deciding on a loan-to-value ratio. As the business collects the receivables, the proceeds are used to repay the loan or line of credit. There is also a monthly interest rate that will be calculated through applying a daily rate to the receivables left standing each day (the less the outstanding receivables, the lower the interest charge).

Inventory Financing- Inventory financing is another popular option which involves using the business’s current inventory as collateral in exchange for a secured loan. The average lender will allot a percentage of 60 to 80 percent of the value of your inventory. If you are a manufacturer with more raw materials, component pieces, and unfinished products, it is likely you could only receive up to 30 percent. The lender will want collateral that can quickly and easily secure funds in the event that you default on the loan. This type of loan is more ideal for short-term loans and offers interest rates similar to those found in accounts receivable lending.

Factoring Financing- Factoring is the third category of most popular forms of asset-based financing. This is the sale of accounts receivable, or selling your future payment invoices in order to obtain funding now. The factor company will purchase the offered invoices and takes control over collecting on the payments when due. You receive an infusion of cash immediately and don’t have to worry if a future account goes delinquent on their payment. The factoring company will use their own resources to gain payment, including customer debt collection fees.

It is not a particularly common method used for the long-term, but can be more suited to growing businesses with short term or temporary cash flow issues. Another mark in the “positive” column is the fact that there is no debt involved in factoring financing. You are selling those invoices and therefore conducting a transaction that is final.

On the other hand, the factoring company will discount the amount you will gain from this sale. Traditional loans will typically be less expensive than the costs of factoring. The upfront cash price for accounts receivable is typically 70 percent to 90 percent of face value, depending upon the credit history of the customers and the nature of your business. Another issue with utilizing factoring is the possible harm to customer relations. The collection actions taken by the factor company may endanger an ongoing business relationship with one of your customers. A factor company has little interest in preserving your future relationship with the debtor and some companies may be overzealous in collecting receivables.

You can find the plan that would be most suitable to your company, but first take inventory of those assets. Know what you have, appraise its worth, and find that Mickey Mantle equivalent that will be the final piece to this part of your funding puzzle. Beyond that, deciding what method of procuring finances is best for you and your business is of the utmost importance. The fact that you are doing your research and reading this article is a particularly smart step to take. It demonstrates that you are taking a proactive role in your business affairs.

For more on these topics visit Dyer Consulting Group.