Credit – Collection Online Business Credit Magazine #credit # # #collection #magazine, #collection #skills #articles,


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Our online webazine for the credit and collection professional which features articles and resources that cover content addressing specific management competencies with practical application to the workplace.

C R E D I T M A N A G E M E N T

  • Read variety of articles written by accomplished practitioners and leaders in the field of Credit Management.
  • Articles and resources in consumer credit, corporate credit, international trade credit and risk management solutions.

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C O L L E C T I O N M A N A G E M E N T

  • Invaluable articles, resources, metrics and legal compliance articles for professionals managing credit and performing debt collection.
  • Articles on collection skills training, collection metrics and correspondence that will help Professionals and Organizations stay ahead of the curve

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F I N A N C I A L A N A L Y S I S

  • Collection of articles for understanding, reading and analyzing financial statements from the perspective of a creditor.
  • The section has online calculators and downloadable spreadsheets to calculate key financial ratios and perform insolvency prediction using Altman Z-Score.

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I N S O L V E N C Y & B A N K R U P TC Y

  • Featuring the latest in Insolvency news, statistics, latest rss feeds, information, articles on receivership, proposals, restructuring and other bankruptcy and insolvency related issues.
  • The section features an insolvency prediction Z-Score calculator from Edward Altman and more.

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F O R U M

  • Join the discussion with the credit and collection community on various topics related to credit and collection.

Join the discussion


Innovative Solutions Insurance Services – Financial Report #innovative #solutions #insurance #services #annual #report, #innovative #solutions


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  • VC FUNDING DEALS: Full access to 91,732+ Funding Deals, including breakdowns, terms, and analysis. (View Sample VC Funding Deal. View VC Funding Search )
  • PRIVATE M A DEALS: Full access to 60,928+ M A and Private Equity Deals, including deal multiples, deal advisors, and more. (View Sample M A Deal. View M A Deal Search )
  • INVESTOR RECORDS AND EMAILS: Full access to 20,616+ Investor Profiles, including PE Firms, VC Firms, Angel Groups, & more with PARTNER & EXEC. NAMES AND DIRECT EMAILS! (View Sample Investor Report )

Innovative Solutions Insurance Services is a privately-held insurance brokerage. Founded in 1998, Innovative Solutions Insurance Services is headquartered in El Segundo, California.

Finding information on private companies can be painful. That’s why we created PrivCo – the ultimate private company financial research database – and why we have become the private company research provider and partner for hundreds of clients worldwide

Clients often ask us how we get our data. There’s no simple answer. Collecting private company financial data takes time, hard work, and intelligence. We are composed of people who have been in your shoes and we’re obsessed with tracking private companies. More specifically, we use a technology-assisted data gathering process to pull relevant information from thousands of different sources across the following main categories:

  • Regulatory filings
  • Legal exhibits
  • Business journals trade publications
  • News sources
  • Industry research
  • Company sources

Our primary focus is on collecting revenue and employee figures of private companies. From there, we build reports with additional information such as a business summary, recent transactions, funding history, ownership details, contact information, and anything else we can find to offer you the most comprehensive insight on private companies.


Public Employees Retirement Association of Minnesota #pera, #retirement, #minnesota #pension, #pension, #public #pension, #minnesota #retirement,


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Preretirement Workshop scheduled for Aug. 18 in St. Paul

Due to popular demand, we ve added a Preretirement Workshop for Friday, Aug. 18 at the Retirement Systems Building of Minnesota, 60 Empire Drive, Room 106, St. Paul.

Preretirement Workshops are designed for members who are within about five years of retirement. These large group programs give you a broad perspective on retirement by looking at more than just your PERA pension. They also address Social Security and Medicare benefits, health insurance, financial and estate planning, and other retirement-related issues.

Workshops are scheduled from 9 a.m. to 4:00 p.m. PERA invites couples as well as individual members to attend, but you must register in advance workshops fill up quickly. Because these are group presentations, there is no time available for individual counseling.

To register, visit MY PERA, or call PERA at 651-296-7460 or 1-800-652-9026. Space is limited.

Group Conferences scheduled in Saint Paul office in August

Tuesday, August 15 5:30 p.m. 6:30 p.m.

Friday, August 25 9:30 p.m. 10:30 a.m.

Thursday, August 31 3:00 p.m. 4:00 p.m.

A Group Conference is a 60-minute educational program where members receive a personalized retirement estimate and learn about their benefit options and the retirement application process. PERA counselors present the information. Group Conferences are ideal for those members who are a few years from retirement.

To register, visit MY PERA or call PERA at 651-296-7460 or 1-800-652-9026. Space is limited.

Group Conferences scheduled in greater Minnesota in August

Thief River Falls Tuesday, August 15 10:00 a.m. 11:00 a.m. and 1:00 p.m. 2:00 p.m.

Moorhead Wednesday, August 16 10:00 a.m. 11:00 a.m. (The 10 a.m. session is FULL) and 1:00 p.m. 2:00 p.m.

Mankato Friday, August 25 9:30 a.m. – 10:30 a.m. and 1:00 p.m. – 2:00 p.m.

Friday, September 22 9:30 a.m. – 10:30 a.m. and 1:00 p.m. – 2:00 p.m.

Friday, October 27 9:30 a.m. – 10:30 a.m. and 1:00 p.m. – 2:00 p.m.

Virginia Tuesday, August 29 10:30 a.m. 11:30 a.m. and 1:00 p.m. 2:00 p.m.

A Group Conference is a 60-minute educational program where members receive a personalized retirement estimate and learn about their benefit options and the retirement application process. PERA counselors present the information. Group Conferences are ideal for those members who are a few years from retirement.

To register, visit MY PERA or call PERA at 651-296-7460 or 1-800-652-9026. Space is limited.

PERA News is now available

To read the latest legislative news, click Resources. then Newsletter.

Learn about your pension

As a public employee, you are already contributing to your financial future. Watch our video to learn more.

Registration is open for workshops throughout Minnesota

PERA workshops are now set for the second half of 2017. The complete schedule of workshops and conferences can be found by clicking the Calendar of Events on the right side of the page. You can also register by visiting MY PERA or by calling us. See you at a workshop. Register today.

Governor Vetoes Bill Containing Pension Reforms

Governor Mark Dayton vetoed Special Session S.F. 3 on Tuesday, May 30, 2017. The bill contained the contents of the 2017 Omnibus Retirement Bill (Regular Session S.F. 545) passed by the Legislative Commission on Pensions and Retirement (LCPR) and the Minnesota Senate during Regular Session. This bill also contained other labor-related provisions found by Governor Dayton to be veto-worthy. Most notably for PERA, the vetoed bill included a lower investment return assumption of 7.5 percent, benefit reforms for the Police Fire Plan, and numerous administrative modifications.

PERA Board of Trustees names Board Vice President

The PERA Board of Trustees voted unanimously at their April 13 meeting to name Ross Arneson as Vice President of the Board. Arneson, the elected Retiree and Disabilitant Re presentative, replaces David Metusalem, the elected Police and Fire Representative, who recently retired.

The PERA Board will appoint a person to fill the remainder of the Police and Fire Representative position which ends in January 2019. Information on how to apply for the position will be announced in the June newsletter and on our website.

You Talk + We Listen = SUCCESS

Group Conferences set record attendance

When we asked members for feedback on what is the best time to attend a Group Conference, 83 percent of members surveyed requested early Saturday mornings. And, we listened. In a recent three-week time period, nearly 250 PERA members attended Saturday sessions of Group Conferences. A Group Conference is a 60-minute educational program where members receive a personalized retirement estimate and learn about their benefit options and the retirement application process. PERA counselors present the information. Group Conferences are ideal for those members who are a few years from retirement.

Check out our full conference schedule by clicking Calendar of Events .

To register, visit MY PERA, or call PERA at 651-296-7460 or 1-800-652-9026.

Group Conferences scheduled in Mankato office

Our Mankato office has Group Conferences scheduled for June 30 and July 21. For each day, members can register to attend either a 10 a.m. to 11 a.m. or 1 p.m. to 2 p.m. session.

To register, visit MY PERA, or call PERA at 651-296-7460 or 1-800-652-9026. Space is limited.

Together, We Make Minnesota Better

2016 annual benefits by county paid by Minnesota’s Public Pension Plans

In fiscal year 2016, nearly 200,000 Minnesotans received a benefit from one of the public pension plans in our state, totaling over $4 billion. Spending by benefit recipients provides a steady economic stimulus to Minnesota communities and the state economy. One person’s spending becomes another person’s income, creating a multiplier effect. Retirees of state and local government put three times as much money back into the state economy as is collected by the public pension plans from taxpayers through employer contributions.

Here is a listing showing the total benefits paid to retirees in each Minnesota County.

Economic impact of Public Pension Plans in Minnesota


How to prepare bank account reconciliation – Accounting Guide #bank #reconciliation, #accounting #reconciliation, #accounting #bank


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Each section in the template serves a specific purpose. Thus, before a reconciliation statement can be prepared, cash balance in the general ledger and the cash balance on the bank statement need to be adjusted to ensure both reflect all relevant transactions. Sections 1 and 2 complete this task. Then, in Section 3 the adjusted balances are compared to determine if there are differences and if there are, such differences (reconciling items) are investigated and adjusted (if need be). Let’s look at each section in more detail.

Adjust cash account in general ledger (Section 1)

Usually a company does not know about some transactions that need to be posted to the ledger until the company receives a bank statement. Section 1 of the bank account reconciliation is where information from a bank statement is used to show such adjustments to the cash account(s). As you can see from the template, some adjustments increase the cash balance while others decrease it. For example, bank interest increases the company’s cash balance and thus, it needs to be added (debited) to the cash balance in the accounting records. On the other hand, bank charges decrease the cash balance and thus, they need to be subtracted (credited) from cash in the accounting records. Note that any adjustments in this section are reflected by the bank on the bank statement, but usually are not recorded by the company in the accounting records. Therefore, any adjustments made to cash account based on a bank statement must be posted to accounting records. For example, if a bank statement shows interest of $43 for the month, then the following journal entry should be recorded in the ledger:

If the adjusted balance is positive (debit balance), then there are funds at the bank which should be reported on the balance sheet as a current asset. If the adjusted balance is negative (credit balance), then the bank account is overdrawn. A negative amount should be recorded as a current liability on the balance sheet because it represents temporary borrowing by a company from its bank.

Adjust balance on bank statement (Section 2)

Section 2 shows how to adjust balance from a bank statement for timing differences and bank errors. As these items (deposits in transit; checks issued, but have not cleared the bank) have already been recorded in the cash register, no journal entries are required. However, because the bank did not record such transactions yet, the amount on the bank statement should be adjusted before comparing it to the balance in cash register. For example, if a check for $300 has been received on July 31, and was not yet recorded by the bank until August 1 (it is only a matter of time), then there is a difference between bank balance and balance in the accounting records. To fix this difference for the purpose of bank reconciliation, the $300 should be added to the balance per bank statement.

Compare adjusted balances (Section 3)

In Section 3 the adjusted balances from Section 1 and Section 2 are compared. If the two adjusted balances match, then the bank reconciliation is completed successfully. If there are two different numbers after the reconciliation process, then some investigation is needed. One of the explanations is that beginning balances are incorrect. It is recommended to repeat the process of reconciliation until the balances agree. If there is an error, go ahead and correct it. If the bank has made an error, you should adjust for it on your reconciliation statement and inform the bank about this error.


Nike – Company Mission Statement #online #offers


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Nike-Mission-Statement

Nike Company Mission Statement – About Inspiration, Innovation World Athletes

Mission, Headquarters, History Founders of Nike Corporation and Retail Stores. Reprinted with permission from Nike.com

The mission of Nike’s corporate operations and retail stores is all about the athletes it serves and the inspiration and innovation Nike products provide to them. (See the complete Nike company mission statement below.)

Nike Corporation Founders Facts and Trivia

Nike began on January 25, 1964 as Blue Ribbon Sports with a $500 investment from each founding partner, Phil Knight and Bill Bowerman. Phil Knight was a track and field competitor in college and Bill Bowerman was his coach. The two men started Blue Ribbon Sports as distributors of shoes manufactured by the Onitsuka company in Japan.

The first retail store opened as a BRS retail store located in Santa Monica, CA in 1966. In the early 1970 s Blue Ribbon Sports expanded beyond the shoe distribution business to become shoe manufacturers. On May 30, 1978, the company officially became Nike, Inc. a name that is credited to the imagination of the company s first employee, Jeff Johnson.

Nike Inc. World Headquarters

The Nike Inc. World Headquarters are located in Beaverton, Oregon. The Nike EMEA (Europe, Middle East and Africa) Headquarters are located in The Netherlands.

The mission statement of Nike

To bring inspiration and innovation to every athlete* in the world.
*If you have a body, you are an athlete.

Reportedly the asterisked clarification came from co-founder Bill Bowerman.

In addition to its corporate mission statement, Nike has guiding principles which it refers to as its “11 Maxims” which guide employees at all levels as they complete their work at Nike and represent the Nike corporation globally. The 11 Maxims which describe and shape the Nike culture are:

  • It is our nature to innovate.
  • Nike is a company.
  • Nike is a brand.
  • Simplify and go.
  • The consumer decides.
  • Be a sponge.
  • Evolve immediately.
  • Do the right thing.
  • Master the fundamentals.
  • We are on the offense – always.
  • Remember the man. (The late Bill Bowerman, Nike co-founder)

Additionally, Nike developed what it calls its Manager Manifesto, which is a set of Core Principles that describe how Nike managers lead with excellence. The Core Principles for the Nike management team are:

More About U.S. Company Mission Statements, History, and Headquarters:


Nike – Company Mission Statement #retail #week


#nike retail stores

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Nike-Mission-Statement

Nike Company Mission Statement – About Inspiration, Innovation World Athletes

Mission, Headquarters, History Founders of Nike Corporation and Retail Stores. Reprinted with permission from Nike.com

The mission of Nike’s corporate operations and retail stores is all about the athletes it serves and the inspiration and innovation Nike products provide to them. (See the complete Nike company mission statement below.)

Nike Corporation Founders Facts and Trivia

Nike began on January 25, 1964 as Blue Ribbon Sports with a $500 investment from each founding partner, Phil Knight and Bill Bowerman. Phil Knight was a track and field competitor in college and Bill Bowerman was his coach. The two men started Blue Ribbon Sports as distributors of shoes manufactured by the Onitsuka company in Japan.

The first retail store opened as a BRS retail store located in Santa Monica, CA in 1966. In the early 1970 s Blue Ribbon Sports expanded beyond the shoe distribution business to become shoe manufacturers. On May 30, 1978, the company officially became Nike, Inc. a name that is credited to the imagination of the company s first employee, Jeff Johnson.

Nike Inc. World Headquarters

The Nike Inc. World Headquarters are located in Beaverton, Oregon. The Nike EMEA (Europe, Middle East and Africa) Headquarters are located in The Netherlands.

The mission statement of Nike

To bring inspiration and innovation to every athlete* in the world.
*If you have a body, you are an athlete.

Reportedly the asterisked clarification came from co-founder Bill Bowerman.

In addition to its corporate mission statement, Nike has guiding principles which it refers to as its “11 Maxims” which guide employees at all levels as they complete their work at Nike and represent the Nike corporation globally. The 11 Maxims which describe and shape the Nike culture are:

  • It is our nature to innovate.
  • Nike is a company.
  • Nike is a brand.
  • Simplify and go.
  • The consumer decides.
  • Be a sponge.
  • Evolve immediately.
  • Do the right thing.
  • Master the fundamentals.
  • We are on the offense – always.
  • Remember the man. (The late Bill Bowerman, Nike co-founder)

Additionally, Nike developed what it calls its Manager Manifesto, which is a set of Core Principles that describe how Nike managers lead with excellence. The Core Principles for the Nike management team are:

More About U.S. Company Mission Statements, History, and Headquarters: