Thursday, January 23, 2014

Nurses In History: Helen Fairchild

By Hedrick Lepsch


Why is there just regular finance and then a more specific area of finance called agricultural finance? Is it really that much different? Many people who choose to get a finance degree in Flagstaff may be able to contribute to their farming communities if they understand the major differences between agricultural finance and regular business finance.

While you are looking through different majors, you should be sure that you delve into all of the questions that you have before you make a final decision. Many people do not take the time to do the right amount of research before they choose a major.

Just because you get a degree does not mean that you are going to be able to get a job in today's economy. It is important that you know how a degree will translate into a career and what you will do in a typical day on the job.

A degree in business administration is a great example of a degree that can be very useful if you are prepared when you graduate. By asking the right questions when you pursue a degree in business administration in Flagstaff, you can set yourself up for a great career.

Accounting is very important for farmers and those who don't take it seriously fail in regards to Agricultural finance. The regular cash flow statement, balance sheet, and income statement are necessities. It is important to evaluate annual performance all around on the farm but it is also important to check the depreciation rates on machinery in order to decide when it is optimal to get new machinery.

From Helen, we get insights of many of the conditions of the hospitals and how rough they were. She wrote in her letters about how they would stand in mud above their ankles when they would operate on people. Truly the conditions of this time were terrible and we know this largely because of her insights that she shared with her family through letters during the First World War

With all of the documentation required for loans and borrowing, it is important to have an understanding of all of the legal conditions. Lenders want to be paid and borrowers want to feel the same security knowing that rates aren't going to change on them and that they will have adequate time to pay the loans off. Not only are there loans but there is also leasing which can be with land or equipment. This throws a few kinks in the system because there are completely different dynamics.

Take the time that you need to do this research and do these calculations before you decide on your business administration degree. This way, you can be sure that it is the degree that is going to make you the happiest.

Whether you are researching business administration or another degree, the process should be the same. This way, your time in school will be well worth the investment and you will set yourself up well for finding the best career for you.




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