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Home Page > Finance > Loans > Finance and Lease Opportunities for Work and Commercial Trucks, Semi, Dump, Construction, Are Still Available
Finance and Lease Opportunities for Work and Commercial Trucks, Semi, Dump, Construction, Are Still Available
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Posted: May 22, 2010 |Comments: 0
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Finance and lease options for work and commerical trucks, such as semi trucks, dump trucks, construction trucks, boom trucks, car carriers, box trucks, concrete and cement trucks, day cabs, heavy duty trucks, logging trucks etc can be a acquisition and financing, leasing opportunity.
Today’s economy is all over the place and conventional work truck financing and leasing has dried up at many banks and/or lending institutions. Work and commercial truck owners can seek and find special finance and lease opportunities in the secondary markets where there are repos and off lease trucks to be secured for acquisition.
These acquisition deals and related finance deals are spread out from California to the East Coast and enables start up and seasoned owner operators an unique opportunity to acquire a work trucks, trailers and related items for little or possible no money down… Some dealerships are tied to local or regional banks for built financing on these trucks. The clearance of these work trucks and related trailers are paramount for these dealerships and banks to continue operations.
Some lenders offering repos and off work trucks in the repo market offer these trucks with a minimum credit score of 550. This gives the startup and/or seasoned business an opportunity to start and/or expand their fleet with bad credit. This opportunity would have never existed in the past. Other lenders offer no credit check but are reference and income driven to make sure they have qualified a good candidate to take over one of their over the work trucks.
The work truck financing and leasing doesn’t stop here, others lenders with good credit and time in business offer no down payments and up to 60 months to repay. This obviously gives the over the work truck owner operator an unique opportunity to acquire work truck financing. Other work truck financing. leasing programs start at 575 and the down payments can be anywhere from 6-10% down based upon the applicant and the specific work truck. In addition, if you are a cash buyer, there is large opportunity to acquire a work truck at a substantial discount…
.In today’s economy, we have even found reference driven lenders, credit reports aren’t considered as the main criteria for financing and leasing. Prior Bankruptcies can be a roadblock for many finance deals, however these lenders will look at them on a deal by deal basis and in most instances will not be a deal buster…All trucks are reconditioned and subject to your inspection prior to release….
The residual buyout clauses in these lenders can range from a $1.00 buyout to 15% residual buyout( Trac lease) So it is important to understand your buyout Clauses and the effect on your particular deal..
The types of work trucks we are talking for financing and leasing are built by:
Peterbilt, Kenworth, Freightliner, Mack, International, Volvo. Sterling, Ford, GMC etc
In conclusion, this is a buyers market for owner operator trucks, and trailers, . Check out all the deals in the market and make sure that you have a stable income base to assume whatever finance and lease arrangement that you may occur.
Happy hunting for your acquisition and related work truck finance and lease opportunity.
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Rick Reed -
About the Author:
Rick has over thiry years in the financial field, including leasing, working capital and hard asset money loans, and commercial lending.
U.S Corporate Capital Leasing Group asssist the start up and seasoned business an opportunity to finance and lease work and commercial trucks.
http://www.cclgequipmentleasing.com/work_trucks.htm
http://www.cclgequipmentleasing.com/truckfinancing.htm
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In this present economy, finding and securing money at the personal and business level is necessary in order to achieve financial stability…Many lenders are at the present time are securing additional funding for themselves from the federal government in order to survive a financial disaster. Others lenders that have secured lending still haven’t released sufficient funding to consumers and businesses, therefore the financial illiquidity has continued. In these hard economic times, locating mo
By:
Rick Reedl
Business>
Entrepreneurshipl
Jan 18, 2009
The Impact of Privatization of Solid Waste Collection and Transportation in Delhi: The Impact on the informal Recycling Sector
If there is to be privatization of solid waste management services, it must be designed to be equitable for everyone. It can offer answers for urban poverty and the increasing urban environmental problems we face. If urban policy makers are to use this for the optimal benefit of a city, then privatization should be seen as a means of enabling the urban poor, not disempowering them. This requires a paradigm shift and visionary leadership, but there are rudimentary examples to build up from.
By:
Jomit C Pl
Educationl
Jun 24, 2009
lViews: 1,748
lComments: 1
Unsecured Personal Loans – All You Need Is an Adequately Paying Job
Unsecured Personal Loans are a type of personal loan. These have a wide range of cash limits to choose from. You are also given sufficient time to repay this along with the interest charged. Its biggest advantage is that you do not have to mortgage any property with the lender as security.
By:
Rave Blackburnl
Finance>
Loansl
Feb 01, 2011
PSU banks Rise lending, deposit rates
Bank lending and deposit rates have begun to move up in response to the 25-basis points hike in interest rates by the Reserve Bank of India. All eyes are now on SBI which holds the key to home loan rates.
By:
Bhavana Jhinganl
Finance>
Loansl
Feb 01, 2011
Immediate Cash Loans – Easies Way Out Of Your Problems
These Immediate Cash Loans are designed to help you out of your immediate financial crisis. You are given a wide cash limit to choose from and sufficient time to repay your loan. Dreadful credit holders can easily make an appeal for this monetary help within no time.
By:
Adam Thomesl
Finance>
Loansl
Feb 01, 2011
Same day payout loans- Promise instant cash without delay
It will be sanctioned the same day you apply online. You need have to put any collateral against the loan amount and your credit history would not be checked, even though it is a bad one.
By:
William Winchl
Finance>
Loansl
Feb 01, 2011
Loans for Unemployed: appropriate finances to your assistance
Loans for unemployed can be attained in secured and unsecured form. The loans are released against viable terms and conditions. Moreover, the loans are designed keeping in mind the needs and demands of the unemployed individuals. To learn more on these loans, one can go through this article.
By:
David Sheppardl
Finance>
Loansl
Feb 01, 2011
No Credit Check No Fax Payday Loans Online
Payday loans like no credit check no fax payday loans are emergency cash loans that payday loan lenders provide to Americans that need instant cash no credit check loans to help see them through their money emergency.
By:
Emergency Moneyl
Finance>
Loansl
Feb 01, 2011
No Credit Check Loans- A dream loan scheme for bad creditors
For gaining access to no credit check loans, you would not be asked to show your credit profile for whatever your score is. You would not have put any collateral against the loan amount.
By:
Kal Bishopl
Finance>
Loansl
Feb 01, 2011
Fast Cash Loans – Fetch Them without Delaying
Fast cash loans & payday loans no checking account help suffice emergency situations of cash demands. They give satisfaction to borrowers who are in an unexpected crisis.
By:
Elizabeth Swannl
Finance>
Loansl
Feb 01, 2011
Bank Owned Used Work Truck, Trucks Specials for Sale, Wholesale Pricing
Bank owned used work trucks specials are offered for sale with wholesale pricing through dealerships, auction houses, banks and other participating brokers. This unstable economy has given cash buyers an unique opportunity to acquire an attractive deal for bank owned used off lease and repo used work trucks specials with wholesale pricing. Due to a contracting economy, many lenders have excess used work truck inventories on their books that they need to put back on the street.
By:
Rick Reedl
Finance>
Loansl
Dec 24, 2010
Business Loans and Financing, Bad and Good Credit Programs
Business loans and financing programs with good and bad credit are available in today’s financial markets. Whether you have good credit or bad credit, available financing programs can be a solution to your business success and survival in this tough economy.
By:
Rick Reedl
Finance>
Loansl
Sep 06, 2010
Off Lease and Repossessed Used Construction Equipment, Work Trucks and Commercial Trailers For Sale, Special Mid Year Update
Off lease and repossessed used construction equipment, work trucks, commercial trailers are for sale with special prices being offered by banks, repo companies and auction houses through out the United States. These repo and off lease specialist companies have partnered with local and/or regional banks to move these repossessions quickly
By:
Rick Reedl
Finance>
Loansl
Jul 13, 2010
lViews: 107
Gasoline and Gas Station Merchant Business Cash Loans and Advances, Up To $150,000, Rates as Low as 15%
Gasoline and gas station merchant business cash business loans and advances, up to $150,000 with interest rates starting as low as 15% are accessible in {today|nowadays|these days|now|at the moment|in the present-day day’s lending markets. These merchant gasoline and gas station cash loans are accessible for the largest part businesses in service for one year or more.
By:
Rick Reedl
Finance>
Loansl
Jun 26, 2010
Loans for Businesses With Bad Credit, No Credit Checks, Easy Financing Up To $50,000
Loans for businesses with bad credit without credit checks, are available with easy financing up to $50,000. This gives the established small business with bad credit a great opportunity to obtain a loan for their business without a personal credit check. This no credit check bad credit business loan and financing program isn’t a merchant cash advance or merchant loan. Additionally, it isn’t related to the payday loan program.
By:
Rick Reedl
Finance>
Loansl
Jun 14, 2010
Semi Trucks, Over the Road Trucks, Big Rigs, For Sale, New and Used, With Financing and Leasing Updates, Part 3, Start Ups Ok
There are many semi trucks, big rigs, over the road trucks, tractor semi, new and used, for sale with special financing and leasing updated programs including fleet owners and start ups. These financing and leasing programs are offered to the start up and seasoned business with or without good credit and/or a lot of front money for a down payment
By:
Rick Reedl
Finance>
Loansl
Jun 13, 2010
lViews: 115
Nevada Bad Credit Cash Business Loans, No Credit Checks, Financing Up To $50,000
Nevada bad credit cash business loans and financing without credit checks, are available with easy financing up to $50,000. This gives the established Nevada small business with bad credit a great opportunity to obtain financing for their business without a personal credit check. This no credit check Nevada business loan and financing program isn’t a merchant cash advance or merchant loan. Additionally, it isn’t related to the payday loan program.
By:
Rick Reedl
Finance>
Loansl
Jun 10, 2010
Bad Credit Cash Business Loans, No Credit Checks, Financing Up To $50,000
Bad credit cash business loans and financing without credit checks, are available with easy financing up to $50,000. This gives the established small business with bad credit a great opportunity to obtain financing for their business without a personal credit check. This no credit check business loan and financing program isn’t a merchant cash advance or merchant loan. Additionally, it isn’t related to the payday loan program
By:
Rick Reedl
Finance>
Loansl
Jun 08, 2010
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Home Page > Business > Finance jobs increasing in leaps and bounds
Finance jobs increasing in leaps and bounds
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Posted: Jun 21, 2010 |Comments: 0
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When financial organizations are looking to expand their operations, finance jobs are bound to increase in leaps and bounds. Despite the fact that the entire world is undergoing an awful economic recession, financial bodies are expecting a quick recovery for the reason that some countries like India and China are still performing well. Moreover, finance jobs are coming up as various financial services organizations are striving to achieve increasingly ambitious profit and growth targets.
A candidate willing to work in finance sector is required to have in depth knowledge of investment sector and financial requirements of various organizations. A finance expert plays crucial role in investment sector when he gives expert consultation in assessing financial needs of any organization. Moreover, he is expected to do an assessment of financial needs of enterprise by analysis of investment made and other important researches.
With good academic record a person who is master in playing the game with numbers can work in finance sector and earn attractively handsome salaries. Additionally, a person willing to work in finance sector must be good at understanding of complex financial matters, knowledge of financial sectors, impeccable communication skill, quality to proffer in accordance with deadline, overloaded with team spirit and qualities to manage workloads, etc.
Getting an admission in top notch Finance College is tad difficult for students as only studious candidates can reap the harvest of accountancy and understanding of investment. After completing the course, while working a professional should manage his client or the firm’s money with responsibility as a deep trust is bestowed on him. Moreover, a financial planner is given the whole sole management rights on the fund for development; therefore, the same should be managed in full diligence.
Sky is the limit in career in finance and those who aim to earn fat salaries can opt for a job in finance management. Moreover, finance jobs are specialized jobs in many activities of finance management and operations; therefore, finance jobs require a specialization which enables a person to perform crucial financial functions of any business organization. With acumen in finance, graduates can excel in finance Industry itself which offers plentitude of finance jobs.
Professionals such as chartered accountants, credit marketing professionals, strategic sourcing managers, risk managers, asset planning consultants, capital market analysts, legal compliance officers, investment consultants, broking agents and venture capital analysts and many others share an enlightening finance job experience. Finance professionals not only receive handsome salaries but also share bonhomie as the sector is circuitous.
An MBA in finance management have tad good chances of fetching a lucrative job as Audit Manager, Finance Executive, Finance Officer, etc. Some large companies even hire finance professionals such as financial planning and analysts, strategic sourcing managers, asset management professionals, equity research managers and some others. Most often than not the core management of any company is formed by the people who have some kind of expertise in finance management.
With qualification in accountancy or chartered accountant degree a person can work in finance industry jobs in India. Whereas some companies ask for experienced professionals, some still consider fresher as trainee. Finance jobs in India are basically centered in cities such as Delhi, Mumbai, Bangalore, Hyderabad, Chennai, Pune, and Kolkata, etc. Moreover, India shows lots of potential in becoming a huge success story in finance management.
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FRANCHISORS AS A SOURCE OF FINANCING
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Home Page > Business > Franchise > FRANCHISORS AS A SOURCE OF FINANCING
FRANCHISORS AS A SOURCE OF FINANCING
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Although not considered a traditional source of financing for franchisees, many franchisors provide financing. During the current recession many franchisors are finding ways to offer a financial boost to new franchisees. Here is some timely information pertaining to franchisor financing.
The first step in identifying whether a franchisor provides financing is to review the Franchise Disclosure Document (FDD) and in particular Item 10. This section of the FDD deals with franchisor financing. Another approach is to simply ask the franchise sales person if the franchisor provides financing.
Following are examples of financing that franchisors provide:
Debt Financing
A significant number of franchisors provide financing either directly or through third parties. In the many cases this financing is for equipment packages or real estate for the franchise location. There are franchisors that will hold the prime lease and develop the location. The franchisee will then sign a sub-lease with the franchisor that includes the basic rent plus leasehold improvements. This arrangement unburdens the franchisee from having to obtain the additional working capital for purchasing the land and/or developing the site.
Another example of franchisor financing is for the equipment package that could be leased from the franchisor directly or from a leasing company that the franchisor works with. Once again leasing the equipment is a source of funding for the franchisee.
In the majority of cases, these types of arrangements are usually found in franchises that require a substantial investment, such as upwards of three hundred thousand dollars. Most often found in the restaurant or hospitality industries.
Franchisors Financing the Purchase of the Franchise
There are franchisor’s that provide direct financing through the use of a promissory note. The note and its terms must be disclosed in the Franchise Disclosure Document. The note may be used to finance a portion of the franchise fee or starting inventory that is purchased from the franchisor.
A more recent practice by franchisors to emerge during the recent economic recession has been to discount the initial franchise fee. This approach appears to be increasing in popularity as franchisors are looking to assist individuals purchase their franchise.
In the event a franchisor doesn’t provide financing on a direct basis they may be able to assist their franchisees in obtaining 3rd party financing.
Other Franchisor Financing Options
There are some franchisors willing to provide a form of financing on a limited basis to an individual with impressive credentials. Having operated several franchise companies I’ve encountered a number of franchise candidates with the talent, experience and desire for a particular franchise who didn’t have access to the required capital. In certain instances I found a way to accommodate their financial needs. One of the tools we used included funding part of the franchise fee. I later included this feature in our franchise disclosure document. Had some of these individuals not impressed me and my management team with their credentials we would not assisted them. If you present yourself as a strong candidate to the franchisor but with limited funding you may be pleasantly surprised by the response of the franchisor.
Franchisors who seek funding for their new franchise may be able to obtain financing from the franchisor. Be sure to check the FDD under Item 10 and compare the cost to franchisor financing to other sources.
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About the Author:
Ed Teixeira has over 32 years of franchise industry experience. He has started and operated several franchise programs and has sold franchise licenses in Asia, Europe and South America, Ed has spoken on the subject of franchising in the US and internationally. He publishes a weekly newsletter for franchisees. His website is http://www.franchiseknowhow.com/
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What are the key sources of finance for business for business start-up?suggest an idea that could turn into a business proposition. how could it be possible to finance the new business?
What are the various sources of finance ?
What are the major sources of financing for healthcare services ?
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December 19th, 2010
Where to Find the Best Car Finance Rates Online
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Home Page > Finance > Loans > Where to Find the Best Car Finance Rates Online
Where to Find the Best Car Finance Rates Online
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Posted: Jun 16, 2010 |Comments: 0
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The Truth About Zero Percent Car Financing
Many car dealerships out there will advertise 0% car finance and buyers will naturally jump at the great deal. After all, on a vehicle that costs thousands of dollars, you could end up saving thousands versus a five-year loan with interest. But 0% car financing is not going to be for everyone. Offering you the chance to drive away in a new car with zero percent car financing is going to be a great way for the dealership to get you onto the lot. Many people will mistakenly believe that they can afford an even more expensive car with a no upfront cost loan because they will not be paying large car finance rates of interest. But this ends up being rarely the case.
Have you ever noticed on those commercials for zero percent car financing that seemingly half of your television screen is filled up with fine print that is so tiny that you pretty much need a magnifying glass to read it?
Zero percent auto financing is only for perfect credit
Very few people will actually be able to qualify for the 0% auto financing. Your credit report largely determines if you will be able to qualify for this type of financing and the guidelines for credit can actually be very strict. If you happen to have perfect credit, these deals may be attainable for you but many borrowers have at least one blemish on their credit report. That one blemish can end up ruining your chances for this type of financing. But by the point that you are discussing the interest rate at the car dealership, you already have the feeling as if the car is yours to drive away in. The dealer knows this and will utilize your enthusiasm to help their bottom line.
Zero percent car financing is only for specific vehicles
Dealers will typically only offer the 0% percent car financing option on select vehicles on their lot. Nine times out of ten it is only go to apply to the slowest moving vehicles that have this great deal attached to them. It is the dealers way of providing an incentive to the buyer so that they can get the vehicle off of their lot. If you are sitting there and dreaming of a slower selling car, this may end up being a great deal for you. But for many of us, our dream car is not going to be offering the 0% car financing option.
You cannot get yourself a rebate and 0% car financing
Dealers will sometimes advertise that they offer 0% percent car financing and a rebate. But in the small print, you will find that you can have one or the other, but you can not have both. You will have to look at the numbers closely to decide whether the rebate or the car finance rates is the best way for you to end up going. But for those of you who do not qualify for zero percent car financing because of credit history, the rebate is going to be your best bet still.
This proves to be especially true when speaking about zero percent car financing. You have to be very careful with these offers because there is always fine print that can turn it into something that you were not quite expecting in the first place. Knowing what your options are and how to take advantage of them will save you money in the long run as well as the short term.
In order to move slow-selling cars, manufacturers may fund monthly payment schemes which offer 0% car finance. Over the course of the loan, this type of agreement might save some significant amounts of money for the buyer. However; some might need you to put down a larger deposit than normal in the first place.
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In order to move slow-selling cars, manufacturers may fund monthly payment schemes which offer 0% car finance. Over the course of the loan, this type of agreement might save some significant amounts of money for the buyer. However; some might need you to put down a larger deposit than normal in the first place. Author suggests visiting CarMoneyFast.com to know what car loan option available for people with problem credit.
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Hi am tryin to get car finance am on 2 benifits dla and esa workin rate £89 a week and dla £270 a month du kno i can get finace on this
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In order to move slow-selling cars, manufacturers may fund monthly payment schemes which offer 0% car finance. Over the course of the loan, this type of agreement might save some significant amounts of money for the buyer. However; some might need you to put down a larger deposit than normal in the first place. Author suggests visiting CarMoneyFast.com to know what car loan option available for people with problem credit.
December 5th, 2010
Practical Approaches to Finance in Business and Education from POME by Gautam Koppala VT
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Home Page > Business > Corporate > Practical Approaches to Finance in Business and Education from POME by Gautam Koppala VT
Practical Approaches to Finance in Business and Education from POME by Gautam Koppala VT
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Practical Approaches to Finance in Business and Education from POME by Gautam Koppala VT
By: GAUTAM KOPPALA
About the Author
GAUTAM KOPPALA, With over a decade, track record of successful leadership, excellent results through strategic skills in driving revenue and profit growth. Demonstrated ability to identify and trouble shoot critical issues impacting productivity, cost, distribution, marketing, Strategic positioning, sales and financial operations, with innate ability to build and maintain strong client relationships in operations. Expert in distilling and managing processes, enhancing internal structures, and promoting multi-skilled team competencies via nurturing mentorship and inspirational leadership. Engagements have spanned operational, strategic, technological and change management roles. Academically, I am a cum laude graduate with a Bachelor of Technology degree in Electrical and Electronics Engineering (B-Tech E.E.E.) and a post graduate in Masters in Human Resources Management (M.H.R.M.) and Masters of Foreign Trade (M.F.T.). As you will see my Post Graduation’s were been studied part-time, as well as working full-time as an Engineer. I feel that this demonstrates my ability to maintain dedication, motivation and enthusiasm for a project management over a long period of time. In addition, balancing full-time work with study has perfected my time-management and organizational skills. I believe that my college degrees and gamut certifications in combination with my extensive broad-based work experience along with my drive, resourcefulness and determination, would make me an excellent candidate for a senior management position with any company. Highlights of my background include Operations related Commercial, Supply chain, Sales with a magnificent experience in Project management, technically oriented towards Automation and Security Systems in Industrial and Building sectors. Presently, writing a book on Projects and Operations Management (comprise of 12 volumes, 6K pages), and awaited for the reputed publications. These books can be checked in Google books and other search engines too.
(ArticlesBase SC #3111298)
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Practical Approaches to Finance in Business and Education
There’s a well-known hypothesis about efficient markets, which I would say is not true – which is why we have thousands of portfolio managers out there telling us they can beat the market. The hypothesis says that by the time you can trade on any publicly available information, the information is already assimilated into stock prices, and you would not be able to make abnormal profits. However, we have good evidence that people can use public information in different ways and that public information isn’t communicated equally to everybody, so there are some investors who are able to make more profitable investment decisions.
Theory tells us the best way to value any asset is by looking at the present value of the cash-flow stream it generates. With business valuation, for example, many authors of paperback books advocate short-cut approaches, but most of those short-cut approaches are gross generalizations that over-simplify the valuation process. They have such illogical assumptions that if you step back and look at those assumptions, you would never use that approach in the first place.
Portfolio theory shows that by combining two assets with returns that have a correlation coefficient of less than 1.0, we can create a portfolio that has risk that is less than the weighted average of the risks of the two individual assets. This result is the basis for the recommended diversification that investors always hear from their financial advisors.
The Capital Asset Pricing Model is a theoretically-based model used to empirically estimate the rate of return an investor should expect to earn on a particular asset. This expected return is a function of the financial market conditions, as measured by the return that could be earned on a default risk-free asset and the return on the market in general, and the asset’s risk relative to the financial market. While this model has been criticized in the financial literature, it is still the most applicable and most widely used model to calculate these expected returns.
Long ago, the classic economists defined economic profit as the after-tax earnings reported on the income statement less the opportunity cost of the firm’s equity capital. This opportunity cost represents the cost to the firm of raising capital via equity. Sometimes too much attention is given to earnings and earnings growth at the expense of a focus on the firm’s economic profit. Economic profit is the ultimate measure of the firm’s performance because it shows the residual profit after all costs – operating costs, taxes, debt-financing costs, and equity-financing costs – are deducted from the firm’s revenues.
Clearly one of the things that have had an impact on the finance environment is technology, and it’s done that in a number of different ways. Technology and the computer have given us the skills to do a lot more in-depth analysis. In the pre-computer days, we had to spend so much time calculating that we didn’t have the ability to spend our time analyzing. And frequently, if we had to do a lot of calculations, the last thing we wanted to do after we’d been calculating for hours and hours was to take a look at what we’d just done and analyze it. Now we can let the computer do the calculating for us so that we can do the analysis.
Generating pro forma financial statements is an example. In forecasting, we can now do all sorts of sensitivity tests in which we look at what would happen under different sets of assumptions. In the old days that would have required hours of calculation; now it just requires changing one assumption in our computer model and pushing the button, and then we see what the results would look like. So we can identify the areas where our results might be very sensitive to changes in our assumptions, and we can identify areas where we may want to focus more of our efforts to change some of the assumptions to get the desired results. That is one way technology has really had an impact on the world of finance. It has allowed us to do better and more in-depth analysis than we could do before.
The other thing that technology has done is provide us with far more information than we’ve ever had before to help us make financial decisions. That’s especially true within the investment community, where we now have the ability to access much more timely information about firms, industries, and financial markets. We can now get up-to-date information and many more information sources than we ever had – and presumably, because we now have better and timelier information, we can make better decisions.
An important issue regarding information is that we’ve chosen to be finance people rather than accountants. That is, we didn’t want to be the people who were gathering and presenting the information; we wanted to be the people who were analyzing the information. Now, what’s scary with recent events is that if we have tainted information coming out of the firm and from the firm’s accountants, then no matter how good a job we do in analyzing and using that information to make decisions, if we’re basing it on bad numbers, then we’re not going to get the good results we want. So if we can’t rely on the accounting statements to give us credible information, then we may have to go back and get the information ourselves, and that makes us accountants– which was what we didn’t want to be in the first place. So there’s always the concern that the information we’re using for financial analysis is good information. That’s been around since even before the recent scandals.
As we teach finance, we too often want to teach the things that are a lot more fun and high powered – like capital budgeting and capital structure decisions. Many of the students who go through our finance classes will never get to the point where they’ll get to make capital budgeting and capital structure decisions, but they may be in positions where every day they’re affected by the cash that comes into and goes out of an organization. They may have to make decisions about allowing trade credit and about the credit terms to customers. They may have to make decisions that will affect their inventory and their short-term credit lines, and on a day-to-day basis everything they’re doing affects these accounts. Sometimes it doesn’t make any difference how good your long-term decision is if you don’t have your working capital under control in the short term.
What the finance profession needs to remember as we develop finance curricula and teach our finance students is that in some cases it may be better to do less but do it in greater depth, and to make sure our students have a working knowledge of the concepts. Most of our introductory finance textbooks cover such complex topics as financial statements, the analysis of financial statements, risk and return, capital budgeting and capital structure, and some mergers and acquisitions, and they’ll get into international finance and restructuring and bankruptcy. When we remember the majority of students in our courses are not going to be finance majors, then at the introductory level we should probably be trying to do a smaller amount but in more depth, in more detail, and trying to get a strong working knowledge for the student who may take only this one finance class in his or her life. Now, we can do all sorts of things with finance majors in subsequent courses, but at the introductory level I think, in general, our profession has tried to do too much, and we end up doing a superficial job. We are not giving the students the strong foundations necessary to understand finance in their own business or in the business in which they work.
It’s interesting that a lot of the basic foundation theories of finance still rely on some of the early work that came out by pioneers in economics and finance. We still rely on many of their theoretical concepts. The difference is that now we apply them in a much more complex world than existed when the theories originally were developed. It’s not too often that we see new theories. What we see are new ways to try to apply and use, in a much more complex world, the theories that have been with us for a long time.
Another thing that’s exciting about the world of finance is that it’s so dynamic. If I were to teach an introductory finance class every quarter – quarter after quarter after quarter – even though I’m trying to teach many of the same skill sets, the world in which we’re teaching is changing so much that the stories that go along with those skill sets change. That’s one of the things that make teaching finance fun: So many things are going on that the situation is always dynamic, and each quarter is a whole new experience and challenge.
Gautam Koppala,
POME Author
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GAUTAM KOPPALA -
About the Author:
GAUTAM KOPPALA, With over a decade, track record of successful leadership, excellent results through strategic skills in driving revenue and profit growth. Demonstrated ability to identify and trouble shoot critical issues impacting productivity, cost, distribution, marketing, Strategic positioning, sales and financial operations, with innate ability to build and maintain strong client relationships in operations. Expert in distilling and managing processes, enhancing internal structures, and promoting multi-skilled team competencies via nurturing mentorship and inspirational leadership. Engagements have spanned operational, strategic, technological and change management roles. Academically, I am a cum laude graduate with a Bachelor of Technology degree in Electrical and Electronics Engineering (B-Tech E.E.E.) and a post graduate in Masters in Human Resources Management (M.H.R.M.) and Masters of Foreign Trade (M.F.T.). As you will see my Post Graduation’s were been studied part-time, as well as working full-time as an Engineer. I feel that this demonstrates my ability to maintain dedication, motivation and enthusiasm for a project management over a long period of time. In addition, balancing full-time work with study has perfected my time-management and organizational skills. I believe that my college degrees and gamut certifications in combination with my extensive broad-based work experience along with my drive, resourcefulness and determination, would make me an excellent candidate for a senior management position with any company. Highlights of my background include Operations related Commercial, Supply chain, Sales with a magnificent experience in Project management, technically oriented towards Automation and Security Systems in Industrial and Building sectors. Presently, writing a book on Projects and Operations Management (comprise of 12 volumes, 6K pages), and awaited for the reputed publications. These books can be checked in Google books and other search engines too.
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