Business Credit articles from April 2002

Business Credit archives from April 2002

The language of business. (The Scoop).(accounting courses at National Association of Credit Management)(Brief Article)
April 1, 2002... Accounting is commonly referred to as the "language of business." It can convey the economic activity and condition of a business to its stakeholders. That stakeholder may be another business or an individual. Both personally and...

Front end screening can avoid back end headaches. (The Scoop).(Loss Prevention Department National Association of Credit Management)(Brief Article)
April 1, 2002... Everyday, frauds are reported to the Loss Prevention Department at NACM. Ten percent of these reports are involving a major fraud with a high dollar amount of losses and multiple victims. People who report these frauds are oftentimes angry at...

Chain of command. (The Scoop).(financial services professionals and Business Credit magazine)(Brief Article)
April 1, 2002... Business Credit magazine is full of articles and information that keep you, as a credit professional, informed and current in your field. And if you are a typical credit professional, you sometimes experience a disconnect with your higher-ups...

Leadership. (National Commentary).(Robin Schauseil, National Association of Credit Management)(Brief Article)(Column)
April 1, 2002... It's amazing how quickly tie passes; it seems like only yesterday that I assumed the role as Chairman of our organization, but now we are approaching another Credit Congress--and the end of the NACM leadership year. Last summer, I happened upon...

The ordinary course of business defense to a preference claim: The case of the excruciatingly late payment. (Business Law).(Laclede Steel Co.)
April 1, 2002... Introduction Credit grantors dread receiving a demand letter from a bankruptcy trustee or Chapter 11 debtor-in-possession for the repayment of a preference. To add insult to injury, credit grantors must usually deal with a demand to pay...

How to make presentations during uncertain economic times. (Personal Outlook).(speaking at meetings and interviews)
April 1, 2002... Regardless of your profession, whether you are a sales associate, marketing guru, attorney or CEO, you give presentations in various capacities. You may speak to a small group of co-workers at a staff meeting; you may address team members...

Trade Credit Insurance: Globalization and E-Business are the key opportunities.(corporate finance)
April 1, 2002... Introduction There have been three stages to the internationalization of credit insurance. In the first stage, credit insurers were specialized, focusing almost exclusively on domestic policyholders. There was generally one domestic and...

Turning A/R into cash: Facing a recession and credit crunch, receivables managers are exploring new ways to cash in on one of their biggest assets. Securitization of trade receivables is starting to flourish.
April 1, 2002... Financial executives of U.S. corporations are fighting to keep their companies liquid, and credit managers are becoming an integral part of the liquidity team. They're keeping their tools clean and well oiled. They're also adding a few new...

How to get the most out of a trade show. (Professionals at Work).(Brief Article)
April 1, 2002... Some people like trade shows so much they attend them every year. And why not? Trade shows are a time when one can view and compare the latest technology all under one roof, upgrade employees' education through seminars and network with others...

Hot Spots: China. (International Insight).(Brief Article)(Statistical Data Included)
April 1, 2002... The prospects for the economy remain good, better than those for any other country in the region. The government is being conservative with its forecast of real GDP growth on the order of 7.0 percent this year. Indications are that the...

Focus on Europe: Doing business in Eastern and Central Europe. (International Affairs Section).
April 1, 2002... With signs of a sustainable economic recovery and an improving credit environment in Eastern and Central Europe, it's time for credit professionals to take a second look at business opportunities in that vast hut complex market. As growth rates...

Countertrade. (International Affairs Section).
April 1, 2002... (This is part three of an article which ran in the September 2001 issue of Business Credit.) Countertrade continues to grow and become integrated into the way companies conduct international business. Countertrade is a useful tool in the...

UCP500: This fifth commentary on UCP500 examines Article 9. (International Affairs Section).(Brief Article)
April 1, 2002... Article 9 When companies trading internationally agree on contracts to buy and sell goods on letter of credit (L/C) terms, there may be several reasons for doing so. For example, the regulatory regime in one country or the other may...

Overcoming obstacles to securing financing for service exports. (International Affairs Section).(Brief Article)
April 1, 2002... Financing service exports has been a challenge for both borrower and lender. Everyone has heard that banks do not lend to anyone who needs money. Service exporters are no exception to this rule. One of the main problems that these exporters...

Chapter 11s on the rise: Red flags and steps to protect your credit sales. (Legal Corner).
April 1, 2002... A record number of bankruptcies for businesses are being reported. Enron filed the largest Chapter 11 ever, with billions in assets and liabilities. Kmart followed, being the largest retailer to file, with assets and liabilities in the billions...

Credit management and credit insurance are compatible after all.
April 1, 2002... Let's face it. Some credit professionals cringe when they hear the words "credit insurance." Why? The dominant form of credit insurance worldwide requires credit managers to essentially turn over their decision-making authority to the credit...

Mechanics' liens in South Carolina. (Construction Corner).
April 1, 2002... Introduction A mechanic's lien in South Carolina is an encumbrance, like that of a mortgage, on the real estate upon which a project is being built. The lien provides security for payment of persons whose labor and materials have been used...

Directors' and officers' responsibilities.
April 1, 2002... Introduction In the wake of the Enron and Costal bankruptcies, many businesses are verifying the accuracy of their internal and external financial information. Firms are rushing to provide financial information that reflects the reality of...

Non-Financial warnings signs. (Business Credit Selected Topic).(Brief Article)
April 1, 2002... With 80 percent of North American companies being privately held, financial information is often not available, and credit grantors must rely on non-financial information in order to make their credit decisions. Without the use of financial...

Proper payments: When and how to pay construction contracts. (Legal Jargon).(Brief Article)
April 1, 2002... The payment process under Florida's construction lien law may be one of the more confusing parts of the development process and the one that poses the most dangers to the viability and timely completion of the project. Owners and lenders need...

National Association of Credit Management's 106th Credit Congress & Exposition.(Brief Article)
April 1, 2002... Bally's * Las Vegas June 10-3, 2002 The Magic of Working Together Are you up to the challenge of today's insecure economy? Help yourself to be prepared by enhancing your skills as a professional credit and receivables manager. ...

In memoriam.(Catherine Farrar, CCE)(Brief Article)
April 1, 2002... Catherine Farrar, CCE The National Association of Credit Management-Houston and NACM-National would like to send their heartfelt condolences to the family of Catherine Farrar, CCE, who passed away February 18, 2002. Catherine was past...