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Our Subscribers Say...
I think Credit Today is fantastic. You cover many practical topics in the credit field that I use regularly. Just one recent example—a conversation on the ListServ about preferential payments—gave me tips that I used in an actual case. The specific information I picked up from this one discussion saved me $10,000, enough to cover my membership for many years!
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Manager of Credit & Collections, ASSA Abloy Americas Division, New Haven, CT
Credit Today's Resource Directory and their online e-mail forum (ListServ) provide information on almost any credit-related topic you can think of. It is a great way to exchange information with other credit professionals. As the saying goes, "You don't know what you don't know."
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Credit Manager, Big Lots Stores, Inc., Wholesale Division
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The Credit Today ListServ has become the pre-imminent online forum, providing an opportunity for discussion and comments (and occasional humor) from an impressive list of credit professionals."
David Dungan, Director of Credit
Justin Brands, Inc. (A Berkshire Hathaway company)
Fort Worth, Texas
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Ron Woods
Corporate Credit Manager-World Wide
Thales Navigation, Inc.
"The newsletter, coupled with the website and the ListServ, are to us, more valuable than any other credit publication, bar none. I try to use at least one article out of each newsletter for departmental training/discussion sessions."
D. Mark Constantine
Corporate Credit Mgr
Fulton Paper Company
"I love Credit Today and read every issue cover to cover. For me, the greatest perk of a subscription is ListServ. I believe Credit Today's ListServ members may be the most knowledgeable Credit brain trust in existence today. I have saved and categorized hundreds of contributions on a wide variety of topics which I refer to often. It's an easy and cost effective way to network and learn."
Doug M. Thomas
Kimberly-Clark Customer Financial Services |
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Financial Analysis Today
Sound credit management requires you to be proactive and there's no better tool for that purpose than the art and science of financial analysis. So here's your library of tools and resources relating to financial analysis in the credit field. Find plain English views and advice from the leading experts - both inside and outside the field.
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Legendary Investor's Advice for Credit Analysts
One of our favorite reads is the quarterly report of the Third Avenue Value Fund, run by famed value investor Marty Whitman. Whitman invests in the style of the late Ben Graham, Warren Buffett's mentor back in the 1950s. While Whitman's main angle is finding good investments, he is at heart a credit analyst. He likes good balance sheets and that forms the foundation of his analysis and much of the secret of his long-term success. . . .
keep reading
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An Indicator to Consider: Arrogant Financial Contacts
We're all for credit scoring and automating as much as possible about the credit decision. But here's an example of how your instincts can really help identify problems and opportunities in the assessment of the character of your customer. "We just had three diverse businesses file," one experienced credit exec recently told us, "and the thing in common with all of them was an arrogant financial contact. . . .
keep reading
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Measure and Manage Collection Efficiency Using DSO
By Loral Narayanan
Days Sales Outstanding (DSO) expresses the average number of days it takes a company to convert its accounts receivables into cash. It is one of the most widely used measures employed by credit professionals to analyze the success of their efforts. . . .
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Four Common Financial Mistakes Made By Small Businesses
"We all know from experience that smaller customers, as a class, are more prone to decline because of financial problems than are the large corporations," observes Harlan Roderick, credit manager for Eastham Industries (Eastham, Mass.). The reasons for these problems, he says, fall mainly into well-established patterns. These separate patterns are interrelated, resembling four upright dominoes. When the first domino falls, with rare exceptions the second, third, and fourth dominoes follow suit. . . .
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RMA's 2010--11 Annual Statement Studies® Available
November 3, 2010
The 2010--11 edition of RMA's Annual Statement Studies is once again available in print and as eStatement Studies in an easy-to-use Web-based format. The latter allows users to download industry data into an Excel® spreadsheet, search using a query function and analyze data by region. . . .
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Understanding the Cash Flow Statement
By Loral Narayanan, May 26, 2010
The Cash Flow Statement -- also referred to as statement of cash flows or funds flow statement -- is one of the three financial statements commonly used to gauge a company's performance and overall health. The other two financial statements -- Balance Sheet and Income Statement -- have been addressed in previous articles. As the name implies, the Cash Flow Statement provides information about an organization's cash inflows and outflows over a specified time period. Simply put, it reveals how a company spends its money (cash outflows) and where that money comes from (cash inflows). . . .
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White Paper: The Audit Integrity Bankruptcy Risk Model - An Enhanced Approach to Predicting Bankruptcies and Identifying Companies in Severe Financial Distress
This white paper put together by Audit Integrity examines an alternative to static accounting-based models, which they refer to as a market-based approach. Market-based models, say Audit Integrity, have been found in academic research to provide a measure of bankruptcy risk as effective, or more effective, than accounting-based models. Market-based risk models are based on the option-pricing theories of Black-Scholes and Merton. A third measure of bankruptcy risk is through evaluating the potential for fraudulent reporting of financial statements. The Audit Integrity Accounting and Governance Risk (AGR®) rating has been used widely to measure fraud-related risk, through statistical evaluation of accounting and governance risk factors. . . .
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Understanding the Income Statement
April, 2010, By Loral A. Narayanan
The Income Statement -- also referred to as the operating statement, profit and loss statement (P&L), earnings statement, or statement of operations -- provides a summary of a company's profit or loss during a specific time period. Together with the Balance Sheet, which provides information at a specific point in time, it is an important tool for vendors in determining the health of an organization. . . .
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Understanding the Balance Sheet
by Christine Newhouse, Feb 22, 2010
The following article originally appeared in the February 2010 issue of ABC-Amega's free client newsleter, "Credit-to-Cash Advisor". Assets = Shareholders' Equity + Liabilities The equatio . . .
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DuPont Analysis
January 31, 2010
Return on Equity Financial Expression Efficient use of assets is important for the profitability and growth of any organization. One of the easiest ways to gauge whether a company is an asset creator or cash user is to look at the return on equity (ROE) ratio. ROE is a strong measure of how well management is creating value for shareholders. . . .
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Interpreting Financial Statements
The saying, "An account properly opened is at least 80% collectable" is an important one to remember. Excessive bad-debt write offs should not be used as an excuse for the cost of doing business. Many . . .
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Outlook 2012
This month's survey explores...
- What the top problems are facing credit execs currently, and
- What the top improvement initiatives are.
Click here to participate!
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Webinars
