In most businesses, what drives the balance sheet are sales and expenses. In other words, they cause the assets and liabilities in a business. One of the more complicated accounting items are the accounts receivable. As a hypothetical situation, imagine a business that offers all its customers a 30-day credit period, which is fairly common in transactions between businesses, (not transactions between a business and individual consumers).
An accounts receivable asset shows how much money customers who bought products on credit still owe the business. It's a promise of case that the business will receive. Basically, accounts receivable is the amount of uncollected sales revenue at the end of the accounting period. Cash does not increase until the business actually collects this money from its business customers. However, the amount of money in accounts receivable is included in the total sales revenue for that same period. The business did make the sales, even if it hasn't acquired all the money from the sales yet. Sales revenue, then isn't equal to the amount of cash that the business accumulated.
To get actual cash flow, the accountant must subtract the amount of credit sales not collected from the sales revenue in cash. Then add in the amount of cash that was collected for the credit sales that were made in the preceding reporting period. If the amount of credit sales a business made during the reporting period is greater than what was collected from customers, then the accounts receivable account increased over the period and the business has to subtract from net income that difference.
If the amount they collected during the reporting period is greater than the credit sales made, then the accounts receivable decreased over the reporting period, and the accountant needs to add to net income that difference between the receivables at the beginning of the reporting period and the receivables at the end of the same period.
Summary:
You want to attend college via distance education. Problem is, you do not earn enough to pay for the costs of this kind of higher education. What do you do?
Fear not, there is still financial aid available for distance learning students. This is generally true for those who are students of regionally accredited colleges. This may be government assistance in the form of grants and loans, or it may be scholarships provided by private organizations.
Certain types of aid ar...
Keywords:
Online School Program, Online Courses, Online Education, Education
Article Body:
You want to attend college via distance education. Problem is, you do not earn enough to pay for the costs of this kind of higher education. What do you do?
Fear not, there is still financial aid available for distance learning students. This is generally true for those who are students of regionally accredited colleges. This may be government assistance in the form of grants and loans, or it may be scholarships provided by private organizations.
Certain types of aid are also available to students who may not be enrolled in regionally accredited schools. Furthermore, many groups conduct annual contests with monetary rewards that students can compete for.
Distance Education Scholarships
Let us examine scholarships given to students patronizing distance education. These forms of financial aid are given out to those students who meet a certain criteria.
Some organizations look for students who possess academic potential or have demonstrated academic achievement.
Others have simpler requirements such as particular talents, native language spoken, or religious affiliation.
Individual School Scholarships
Certain limited scholarships are available at some distance education institutions. Such scholarships usually require academic success potential or academic achievement. Some are considered all-inclusive scholarships, which will shoulder all your tuition, associated fees, books, and essential living expenses.
But majority of the scholarships provided are deemed partial scholarships, which only supplement your costs.
Should the online college you apply with be affiliated with a traditional classroom-based university, you might try applying for scholarships offered by the latter. You will need to coordinate with the counseling department or financial aid office of both institutions to receive up-to-date notice of what kind of aid you could expect. Remember though that many scholarships are annually awarded and you will need to get together certain documents before the deadline.
Scholarships From Organizations
The qualifications sought after by organizations that provide student scholarships may vary. Some look for membership in an organization or club. Others require talents and attributes such as skills in writing, music or athletics.
Extra-curricular activities often find their way to scholarship applications because of their value.
Contest Scholarships
There are also contests held by clubs and companies that offer monetary rewards to students who win them. Most of these contests revolve around writing though sometimes the content of the writing has more value than presentation.
Such contests only demand that contestants be enrolled in college full-time. They do not look for a minimum grade point average.
However, before you start entering a contest, be sure that the sponsoring organization is genuine and will not seek a ludicrous obligation from you in exchange for the prize. Majority of legitimate organizations will provide an address and telephone number on their online site.
Stay away from contests that seek an application fee or will bill you when they publish your work.
So You Have Found a Scholarship Opportunity
After you have tracked down which form of financial aid is apt for you, make the most of your opportunity. Apply early to anticipate the length of time it will take you to get supporting documents together. You may also try to get an authority on financial aid applications (such as one of your former teachers) to check out your application content to weed out any potential mistakes.
Even if you are not accepted for the first scholarship you apply for, it is not the end of the world. Keep plugging at the application process since you will get the hang of the way the system works. In the end, you will be the one to benefit anyway so be persistent and your efforts will be rewarded.