So with the myriads of options on web hosts, how do you choose the one that can give you the benefits and services that you require? Below are a few tips to help you get started on selecting a web hosting for your site.Knowledge is power.In everything you do, access to the right info is crucial. Make sure you research for top companies that offer the services you need for a price you can afford. You can check out reviews from experts and also from ordinary customers who also use the hosting services. Review sites and online forum communities are an ideal place to start your search. Take note of the efficiency of services and the reliability of customer support.Cost is an issue.While web hosting services are not that cheap, it doesn’t mean you have to spend a big part of your business resources on this alone. You generally have 2 options for hosting services. First option is to take advantage of free web hosting. The zero cost, however, has some downsides. One is not having your own domain name (the web host’s name will stick with your site name) and another is the prevalence of different advertisements on your page. If ever you want this service, ensure that you’ve read the terms and conditions right from the start to save your effort and time from using the free service. As for paid web hosting services, you can find several web hosts that offer budget-friendly package plans. Don’t be easily blinded by the cheap costs, though, because the quality of services offered is still the more important thing to be taken into account.Contract duration.You can save a lot of money if you avail yourself of longer contracts. Just a note of caution, though: it’s advisable to try for a shorter term first before making a longer commitment. This is important to ensure that you’re satisfied with their service and that you feel assured about the reliability of their customer support and web hosting services.Available domain name.A lot of business owners prefer paid hosting because they offer unlimited domain names and email accounts. Having your own domain name for your business is an important factor in establishing web presence and earning the trust of the online market you’re targeting for your business.Reliable customer support.You can’t help it when the company administers server maintenance and experience some glitches from time to time. To avoid getting wired up on tweaking your site settings, you’ll need fast and efficient customer support. Search for companies that are proven to offer excellent client support to help you maximize the services you’re using.
Globalization is defined as the act or process of globalizing : the state of being globalized; especially : the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets. Globalization has altered accounting standards by creating the need for a universal set of reporting standards. As a result of the urgent need for Globalized Accounting Standards, globalization has further created an impact on accounting education as well. The impacts of globalization in the accounting profession must be addressed in order for accountants to successfully compete in today’s globalized economy and to provide users of financial information with comparable data.Relevant and reliable financial information is a critical success factor in any functioning, developing or growing capital market. To aid in successful capital markets, effective accounting standards and procedures are set to ensure that relevant and reliable financial information is being provided. In the United States, these standards are referred to as generally accepted accounting principles (GAAP). GAAP is defined as a common set of accounting standards and procedures, for which either an authoritative accounting rule-making body has established a principle of reporting in a given area, or over time, a given practice has been accepted as appropriate because of its universal application. International Financial Reporting Standards (IFRS) are all the accounting rules accepted for international use, issued by the International Accounting Standards Board (IASB) (Kieso, Weygandt, & Warfield, 2012). The major difference between the two is that IFRS is very broad and subject to interpretation, while GAAP is very specific and complex. Users of IFRS often have an advantage over the users of GAAP, which does not provide users of financial information with comparable information needed for investment purposes.The accounting scandals of many US companies such as Enron and World Com brought focus to the convergence of GAAP and IFRS. In 2002 FASB and IASB signed the “Norwalk Agreement” with the aim of convergence of GAAP and IFRS into high quality Global Accounting Standards. In February 2006, the two boards reaffirmed this shared objective. On November 15, 2007, the Securities and Exchange Commission (SEC) no longer required foreign firms to reconcile their statements from IFRS to GAAP when filing on US stock exchanges (Fosbre, Kraft, & Fosbre, 2009).It goes without saying that the globalization’s impact on accounting standards has in turn impacted accounting education as well. The move toward IFRS has affected the knowledge that accountants must possess to compete in today’s globalized marketplace. For Example, Accountants in the U.S. must understand the differences between IFRS and GAAP reporting standards and be capable of conveying these differences to clients making investment decisions. The SEC’s decision to allow the usage of both IFRS and GAAP on U.S. stock exchanges is another example of why it is essential for accounting education to include both IFRS and GAAP into the curriculum. Additionally, Bruce Pounder has made a valid point in regards to the impact on accounting education as follows; “as international accounting standards have begun to overshadow U.S. standards in significance, most U.S. accountants will find that their knowledge, skills, and abilities are obsolescing faster than ever before” (Pounder, 2006). With this in mind it could be assumed that U.S. accountants have no choice but to adapt to both GAAP and IFRS to prepare themselves for the shift toward IFRS.ReferenceFosbre, A., Kraft, E., & Fosbre, P. (2009). The Globalization of Accounting Standards: IFRS vs. US GAAP. Global Journal of Business Research, Vol. 3, No. 1, 61-71.Kieso, D., Weygandt, J., & Warfield, T. (2012). Intermediate Accounting. Hoboken: John Wiley & Sons, Inc.Pounder, B. (2006). How Globalization is Affecting U.S. Accountants. Accounting Web.
Having a poor credit history hardly works in favor of applicants who are hoping to secure a loan. The good news, however, is that no matter how bad that history is, there are attainable loan deals out there. Sometimes the best option available is a high risk personal loan, with bad credit forcing leaps of faith on both sides.Low monthly repayment sums are the ideal arrangement for borrowers, but when bad credit is a feature in the loan agreement, then interest rates are going to be higher and pressure to meet repayments greater. Being offered such factors is par for the course, and securing online loans usually depends on it.But while the pressure is high for borrowers, and the risk equally high for lenders, there are still personal loan options that are affordable. But what are the pros and cons of these various loans? We look at 3 such deals to find the answer.1. Cash Advance (Payday) LoansThis option is probably the most common, mainly because it has the highest degree of approval. In fact, approval confidence is extremely high despite the fact the applicant is seeking a high risk personal loan with bad credit. But they are also the most expensive option.Granted against an upcoming paycheck, this loan basically cashes that check in advance. As a result, the loan limit is very low (maximum $1,500). Securing online loan approval can take just a few minutes, and funds can be deposited into a bank account in as little as 2 hours. So, this is an ideal solution for financial emergencies.The price of getting a high certainty of approval is a very high interest rate, with some lenders charging 30%. And with repayment terms as short as 14 days, the pressure to repay this personal loan can be very acute. In fact, a $1,500 loan could require a single repayment of $1,950 to clear it.2. Person 2 Person (P2P) LoansIn complete contrast, this is one of the least common options, but one that is growing in popularity. The problem with getting high risk personal loans with bad credit, is convincing the lender. But a P2P loan makes that easier, while also negating the influence of bad credit scores over interest rates.A P2P lending website connects individuals rather than applicants to lending institutions, and the required sum is shared by these people, thus lowering the risk for them. These individuals view the loan as an investment as they earn a small profit through interest. In terms of securing online loans, this is a plausible option.The loans work thus. An applicant needs a personal loan of $3,000, and calculates a monthly repayment budget of $150. Three individuals invest $1,000 each, to be repaid over 3 years. With repayments of $150, each make a profit of $800.3. Cosigner LoansOf course, when it comes to larger loans, there can be a problem with both of the first two options. To get a large high risk personal loan with bad credit, of $10,000 to $25,000, a cosigner is needed. Because a cosigner guarantees the monthly repayments, the risk is effectively removed. So, a lender can lower the interest rate charged.Often, securing online loans comes down to issues like income and affordability, but a qualifying cosigner makes almost every loan deal affordable. But to qualify, they must have an excellent credit history and have enough income to be able to make the monthly repayments on the personal loan, if necessary.
The term ‘financing’ might sound a bit fancy, but it’s just another way of saying ‘loan’ (albeit a loan with a specific purpose). Basically, a loan taken out solely for purchasing one thing with no money left over afterward is known as financing – for instance, borrowing money to pay for a car is ‘car financing.’ In most cases, financing loans can be arranged through the people providing the service you’re paying for, although they merely act as brokers for specific lenders rather than lenders themselves; so using the same analogy, car dealers can generally offer finance to people buying cars from them, as do many home improvement firms.Of course, since financing is exactly the same as a loan, that means the same rules apply when you try to get it: you’ll be subject to a credit check, asked to fill in paperwork and generally means tested to ensure you can afford to pay the money back. That’s not so good if you’ve got bad credit, County Court Judgements (CCJs) or any other form of financial difficulties, since those will count against you in your application. That isn’t to say you won’t be approved in some cases, because the lending options available may be flexible enough to offer higher rates of interest to compensate for your bad credit situation. However, you’re far more likely to be turned down using the limited finance options provided by the people you’re buying from (be it a car dealer, home improvement company or whoever), so it’s best to instead source your financing from another lender once you know what you’d like to buy.Thankfully, there are many lenders who specialise in financing for people with bad credit – some offer very specific loans for cars, while others will simply provide a Bad Credit Loan for the exact amount required. Not surprisingly though, these loans will usually have a significantly higher rate of interest so it’s unwise to just go with the first firm that’s willing to accept you. As with all Bad Credit Loans, shopping around is the key to finding the best rate – you can do this yourself or turn to a loan broker, who can do all the work in the fraction of the time it would take you. So long as you specify that you want the loan for financing purposes and can show what you’re looking to buy, finding the best rate for you shouldn’t take very long at all.In SummaryBad Credit Financing…
Can be hard to get if you try to get them from service providers like car dealerships
Is best sourced from an external lender before you try to buy whatever you’re after
Will generally have a higher interest rate than normal financing loans
Isn’t impossible to get if you employ the services of a good loan brokerCopyright: Individual Finance, 2010