The Business Side Of Contracting
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1. The document provides advice for technical communicators interested in contracting work. It discusses focusing your business, determining your business structure, signing contracts, setting rates and payment terms. 2. When starting your business, consider forming an LLC which has easy formation and provides liability protection. Determine your startup costs like insurance and account for non-billable time when setting rates. 3. It is important to have a legally sound contract that protects you from liability and defines payment terms. Hourly rates are common but provide estimates with "not to exceed" amounts to control costs for clients.
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Overview, Objectives and Readings Page 1 of 1OverviewT.docx
Overview, Objectives and Readings Page 1 of 1
Overview
This week we will further explore working capital management by focusing on various sources of short-term financing. These
sources can include trade credit, bank loans, commercial paper, the use of accounts receivable and inventory as collateral
and hedging interest rate risk.
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Objectives Readings
_ _ _ __ .._
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1. Trade credit from suppliers is normally the most Project instructions
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2. Bank loans are usually short-term in nature and should Chapter 8
be paid off from funds from the normal operations of the
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3. Commercial paper represents ashort-term, unsecured
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4. By using accounts receivable and inventory as collateral
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5. Hedging may be used to offset the risk of interest rates
rising.
O Walsh College, Al! rights reserved
https://ool-content.walshcollege.edu/CourseFiles/FIN/FIN315/jesdale/Week05/OOR/Obj... 10/30/2017
Page 1 of 3
Financing Working Capital
Content Author: Louise August, CPA, PhD
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~7~t~,tt'I~~/ ~c3~C~'tlt'1 :
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Overview, Objectives and Readings Page 1 of 1OverviewT.docx
Overview, Objectives and Readings Page 1 of 1
Overview
This week we will further explore working capital management by focusing on various sources of short-term financing. These
sources can include trade credit, bank loans, commercial paper, the use of accounts receivable and inventory as collateral
and hedging interest rate risk.
Practice Problems: Please see the syllabus for assigned homework/practice problems.
Objectives Readings
_ _ _ __ .._
Learning objectives: Week 5 lecture materials
1. Trade credit from suppliers is normally the most Project instructions
available form of short-term financing.
2. Bank loans are usually short-term in nature and should Chapter 8
be paid off from funds from the normal operations of the
firm.
3. Commercial paper represents ashort-term, unsecured
promissory note issued by the firm.
4. By using accounts receivable and inventory as collateral
for a loan, the firm may be able to borrow larger
amounts.
5. Hedging may be used to offset the risk of interest rates
rising.
O Walsh College, Al! rights reserved
https://ool-content.walshcollege.edu/CourseFiles/FIN/FIN315/jesdale/Week05/OOR/Obj... 10/30/2017
Page 1 of 3
Financing Working Capital
Content Author: Louise August, CPA, PhD
i n the lectures on Working Capital (WC) we talked about the dollar amounts tied up in assets like Accounts Receivable (AR)
and Inventory. Because these accounts often represent substantial balances, we may need to think about how the firm can
finance its investment in WC Assets.
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debt and vice-versa. You wouldn't finance a building with a 90-day note. So if we're thinking about how to finance the
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accounts represent the time periods between when a benefit is received and the
payment for it is made. An example is payroll (Accrued Wages): an employee works
today but the wages earned aren't paid until payday. Accrual accounting requires that
the firm recognize the benefit it received from the employee's efforts and the obligation it
has to pay the wages. Similarly with taxes, the firm earns a portion of its profits
throughout the year but only makes tax payments each quarter.
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The Business Side Of Contracting
- 1. The Business Side Amy Janczy Oct. 11, 2006 of Tech Comm Contracting