Another portion of the statement of cash flows reports the investment that the company took during the reporting year. New investments are signs of growing or upgrading the production and distribution facilities and capacity of the business. Disposing of long-term assets or divesting itself of a major part of its business can be good or bad news, depending on what's driving those activities. A business generally disposes of some of its fixed assets every year because they reached the end of their useful lives and will not be used any longer. These fixed assets are disposed of or sold or traded in on new fixed assets. The value of a fixed asset at the end of its useful life is called its salvage value. The proceeds from selling fixed assets are reported as a source of cash in the investing activities section of the statement of cash flows. Usually these are very small amounts.
Like individuals, companies at times have to finance its acquisitions when its internal cash flow isn't enough to finance business growth. financing refers to a business raising capital from debt and quity sources, by borrowing money from banks and other sources willing to loan money to the business and by its owners putting additional money in the business. The term also includes the other side, making payments on debt and returning capital to owners. it includes cash distributions by the business from profit to its owners.
Most business borrow money for both short terms and long terms. Most cash flow statements report only the net increase or decrease in short-term debt, not the total amounts borrowed and total payments on the debt. When reporting long-term debt, however, both the total amounts and the repayments on long-term debt during a year are generally reported in the statement of cash flows. These are reported as gross figures, rather than net.
Summary:
Straits Times journalist from Singapore, Lim Yee Hung reported in a newspaper article that he received two university degrees last week. One is an associate degree in Criminal Justice and the other is a bachelor's degree in Journalism. It took him just one week to get both degrees. If university degrees are that easy to get, they are probably fake degrees.
He went on to say in the report that he got the associate criminal justice degree from Belford University and the jour...
Keywords:
university degree, fake degrees
Article Body:
Straits Times journalist from Singapore, Lim Yee Hung reported in a newspaper article that he received two university degrees last week. One is an associate degree in Criminal Justice and the other is a bachelor's degree in Journalism. It took him just one week to get both degrees. If university degrees are that easy to get, they are probably fake degrees.
He went on to say in the report that he got the associate criminal justice degree from Belford University and the journalism degree from True Diplomas paying a total of US$349 for the degrees excluding freight charges without any studying on his part or examinations to take.
He called Belford University's hotline before buying the degrees and was assured that Belford University degrees are perfectly legal, properly accredited and accepted all over the world. In order for an applicant to qualify for a Belford online degree, the candidate must have sufficient 'life experience' or an 'online equivalency test' which can be done under one hour.
True Diploma have no degrees of their own to offer for they sell replica and imitation degrees from about 115 genuine universities including Ivy League universities such as Brown University and Cornell University. The degrees offered by True Diploma are certainly fakes and they tell you upfront about it.
When Lim received The Belford University degree, he found that it was very impressive. Along with the degree package were also educational transcripts with grades for each module. The university seal is embossed on the degree and looks authentic. How could there be grades and transcripts if tests and examinations are not taken?
The journalism degree though can be easily spotted as a fake. There are glaring misspelling and grammatical errors. For example, in his degree, December was spelt as Decemberf.
He reported that in the United States, fake degree scams are so rampant that the problem is seen as a national security threat. An audit in May 2004 showed that a total of 463 employees in the federal government had fake academic degrees. Some were even high ranking officials in sensitive positions with top level security clearance to boot.
According to fake degree mill expert John Bear, co-author of Degree Mills, fake degree mills are a billion dollar industry having sold thousands of fake online degrees and diplomas every week internationally.
Although some employers may check the qualifications of a prospective employees directly by calling up the university which awarded the degrees, this screening may not be effective against some degree mills as some of these degree mills provide verification services. Employers who called are told that the job applicant is indeed a graduate from that particular university.
However, not all college and university online degree programs are frauds. There are some great universities such as Harvard University offer online degrees.
So if you want to get an online degree, then it is prudent for you to do a thorough due diligence and check with your local educational authorities for the online university's authenticity so that you will not end up with a fake degree by a costly mistake.
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