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Is accounting a rewarding company profession?

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Question by alat: Is accounting a rewarding business profession?

Ideal answer:

Answer by Stargazing
It depends on what YOUR definition of rewarding is. Admittedly, it is tedious to study for at times (lots of numbers, memorization of accounting rules, and so on). But as a profession, I consider it is quite rewarding. The spend is great, demand for accountants is growing, and the career path makes it possible for for professional growth and growing responsibilities. You genuinely have a chance to make a distinction. Look at the current economic meltdown. Some of it could have been avoided if correct accounting procedures had been followed at the banks with issues like gains on securitization.

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Q&A: What happens if a finance company never repossesses a vehicle that has been discharged in bankruptcy?

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Question by lucky: What happens if a finance company never repossesses a vehicle that has been discharged in bankruptcy?
What happens if a finance company never repossesses a vehicle that has been discharged in bankruptcy? No payments have been made in 14 months…Bankruptcy discharged in June of this year. Finance company has our current address and phone number.

Best answer:

Answer by B-Jo
There are different type of bankruptcies. Some bankruptcies give your the option to surrender the articles disclosed in the bankruptcy. Other options are for you to include all articles in the bankruptcy but you keep possession of the merchandise, or You may still have possession of the articles but before the date given on the bankruptcy clause, the companies in which you still have the articles will come and declare them at that given time.

This information should me explained in the forms you signed off on. Read back over everything and you will be able to get a better understanding of what’s expected of you and what you can expect in this bankruptcy.

Hope this helps.

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Can someone explain Wall Street, market capitalization, company equity, *stock exchange & more?

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Question by KAI: Can someone explain Wall Street, market capitalization, company equity, *stock exchange & more?
I’m really stupid, and would like to know.

10 POINTS AND APPRECIATION FOR THE PERSON WITH THE BEST ANSWER!
was unsure of what section to put this in, sorry.

Best answer:

Answer by juicebox
wall street: a financial district in New York, home of various stock exchanges, like the New York Stock Exchange. It’s essentially the financial center of the world.
Market Capitalization: the number of shares a company has multiplied by their market price. So if a company had 1,000,000 shares at 5$ each, it’s market capitalization would be $ 5,000,000. A share is basically a security that represents ownership in a company.
Company Equity: the assets of a company minus its liabilities. Assets are anything that generate revenue for a firm or increase its value, like plant equipment, cash, inventory, and accounts receivable (accounts receivable is very simply “money owed to a company by its debtors”. An example would be when you purchase a car. You don’t normally pay the whole thing up front; you enter a plan where you make monthly payments to pay it off). Liabilities are financial obligations a company has. So this means, in the future they will have to spend revenue to meet those obligations. An example would be a company that has financed itself through bonds which are debt instruments.
Stock Exchange: a stock exchange is the market for securities and equity derivatives trading (the trading of company shares, equity derivates: search options and futures).
Search “equity financing investopedia” or “share investopedia” and there will be a more clear and comprehensive definition with articles that will give you a walk through. Investopedia is actually the best site for finance and economics; it has articles and definitions for introductory financial and economic concepts all the way up to the more complex ones like derivatives, securitization and hedging. Sorry if this wasn’t any help

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Q&A: I need help finding a company that still offerst student loans.?

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Question by Ana: I need help finding a company that still offerst student loans.?
Financial aid didn’t cover my whole tuition and books.
I need help finding a comapany that still offers student loans.
Any suggestions?

Best answer:

Answer by NotAnyoneYouKnow
The news on this front might be improving. Don’t take this as a personal recommendation (one way or the other) about Sallie Mae, but here’s an excerpt from an article that just appeared in the Washington Post this past week:

“Sallie Mae Raises $ 1.5 Billion for Private Loans

Reston-based Sallie Mae has secured $ 1.5 billion worth of financing from investment bank Goldman Sachs for a batch of private student loans, a sign that credit for the frozen student loan markets may be beginning to thaw.

The deal is the first transaction to provide funding for the private student loan market since September 2007, other than a relatively small securitization of $ 124 million, which was sold by the private lender MyRichUncle on July 10, 2008, according to Mark Kantrowitz, the publisher of FinAid.org.

“That’s significant, as a first sign of a thawing of the capital markets,” Kantrowitz said.”

On the other hand – if you’re looking for a list of lenders that are no longer making student loans – you can find that list here:

http://www.nasfaa.org/publications/2008/rsuspensions030408.html

You’ll find a few well-known names there, lenders like Bank of America, Comerica, GMAC, My Rich Uncle, Next Student, and the now-departed Wachovia and Washington Mutual.

Your best bet is to check with the financial aid office at your school – that’s part of what the financial aid officers are paid to keep track of (who’s still making loans available to their students). Another important option is to contact whichever banking institution you (or your parents) have had a long-term relationship with – especially if that institution is a credit union or a regional bank. Some lenders have limited the availability of educational loans strictly to loyal customers, and they’re no longer advertising these products to the general public.

All of that being said, you’re in a for struggle, as you already know. Educational loans are high-risk loan products, and these are exactly the types of loans that nearly every bank is trying to avoid.

Good luck to you.

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