Factoring

Decent Essays
Improved Essays
Superior Essays
Great Essays
Brilliant Essays
    Page 1 of 41 - About 402 Essays
  • Improved Essays

    Mogel’s Incorporated had multiple issues that produced the opportunity for Stefan Winkler to commit the crimes that he carried out. The main issue was the amount of access to Mogel’s assets Winkler had. As a result of this access and know how, Winkler had all opportunities in the world to steal as much as he did. If Mogel Inc. would incorporate a few tactics to strengthen their internal controls they could prevent this type of fraud within their business. Stefan used multiple types of skimming in order to carry out his crimes. The majority include Skimming and lapping of Accounts receivable, which are a result from poor collection procedures and poor supervision from higher management. By applying the basics of Cressey’s study to analyze winkers case, the three parts of the fraud triangle can provide an outlook on the case. The Fraud triangle contains three factors that contribute are related with management and employee fraud. The first consist of situational pressure, which include personal or work related stressors. Stefan’s pressures included the recent loss of his home, and other financial downfalls. Leg two consists opportunity, involving direct access to assets. In this case Winkler had control over many cash assets, along with extensive know how to cover his tracks for the time being.(Hall, 2013) The last portion of the fraud triangle involves rationalization, or the ethic views of the perpetrator. (Hall, 2013)/(Wells, 2014) Clearly Stefan had a terrible conscience…

    • 1002 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Use case diagram for the accounts receivable The diagram represents the activities performed during the maintenance of old and new accounts. It is through this process that new accounts are created, overdue ones identified, and others discarded. The process identified in the diagram also helps in identifying the amount of money that the company is set to receive from its customers from time to time (Ibrahim et al., 2011). This process is crucial since it ensures that the company does not run on…

    • 1500 Words
    • 6 Pages
    Improved Essays
  • Great Essays

    Its organizational structure is unique because the majority of employees are brokers. In essence, brokers are their own bosses. Therefore the formal organization only has two main purposes: providing formal titles and dividing commission percentages. Besides these, Cresa’s organization structure is useless. The brokers manage themselves and all work together, forming a very flat organization. The operational side of the structure is slightly formal and vertical in regards to power and authority.…

    • 1520 Words
    • 7 Pages
    Great Essays
  • Decent Essays

    For business owners who think factoring companies are a hindrance to profitability, it might pay to re-examine the situation because these days many trucking and transportation companies are using freight bill factoring as part of their regular business operations. New generation factoring companies are now helping fleets stay on the road by offering specialized products and services which meet the many demands of the freight transportation industry. Waiting 30 to 90 days to be paid by your…

    • 539 Words
    • 3 Pages
    Decent Essays
  • Improved Essays

    The advantages of Medical A / R Factoring As being a doctor is definitely an very taxing and significant job, and something which will have a heavy toll on individuals who take part in it, physically, psychologically, emotionally as well as financially. Due to the disposable market nature from the healthcare system within the U . s . States, which means that healthcare providers aren't public sector personnel, and can recover the cash owed for services made in the patients using their…

    • 343 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Do I see myself factoring motivation 3.0 into my future career? I see myself using motivation 3.0 with everyday discussions. Daniel H. Pink author of Drive argues people with “Type I” behavior seem to have intrinsic motivation. “Type I behavior: Mastery- the desire to get better and better at something that matters” (p.109). That is exactly how I see myself always wanting to learn the most and get better at something to better my future. Especially as I get older and see myself growing I see…

    • 807 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Choose Freight Factoring With a number of regulations easing in the trucking industry, owners of freight and transportation companies are more concerned than ever with keeping positive cash flow and staying in the black – in order to capitalize on growth opportunities. On top of overhead costs including wages, benefits, as well as fleet maintenance and fuel needs, trucking owners need sound funding options to facilitate expansion and growth initiatives. If you’re wondering why so many freight…

    • 566 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    This article was a very interesting read. This study examined the factors that undergraduate students took into consideration when selecting a graduate program. I will be making the same considerations as the students involved in this study, but maybe in a slightly different order of importance. Results from this study revealed six influencing factors, including characteristics of the academic environment of the program, financial aid, residence status, work related concerns, spousal…

    • 904 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Trucking Benefits

    • 568 Words
    • 3 Pages

    business or fall behind on major expenses. This is why so many carriers are choosing to factor invoices in order to fund their business and keep a strong cash flow. These benefits include a simpler application process, a much higher approval rating then bank loans, competitive rates, and faster funding overall. Invoice factoring, for those who are unfamiliar with the term, is a type of accounts receivable financing that allows you to sell outstanding invoices due within 90 days to a third-party…

    • 568 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Trucking Research Paper

    • 559 Words
    • 3 Pages

    Because factoring is not a loan (it is in fact the selling of accounts receivable at a discount in exchange for immediate funding) funding can often be acquired the same day. Invoice factoring — also known as freight factoring — allows trucking companies to sell their most valuable financial asset in order to receive immediate funding, helping them deal with regular day-to-day overhead costs. After delivering freight, many trucking companies have to wait 30, 60, or even 90 days to receive…

    • 559 Words
    • 3 Pages
    Improved Essays
  • Previous
    Page 1 2 3 4 5 6 7 8 9 41