Good luck and thanks for your kind words.

Hope to see you around.

Professor Nate

So I understand that the receivable buyer is protected against the company not paying out what it received from its customers only by contract, it does not actually receive cash directly from the customer (like in a normal factoring transaction).

Is the receivable actually legally sold from the company to the buyer? In many European jurisdictions, the law requires that a notification is sent out when the receivable is sold.

I can appreciate your frustration. I’m not really high on many of these online schools trying to make a killing at your expense. I have friends that teach at these schools and the teachers aren’t allowed to fail students because the school will lose the revenue. I just heard a horror story about a kid who plagiarized all his work, but the school administration wouldn’t allow the teacher to fail the kid.

Anyways, if you are interested in getting a degree online, I’d try contacting some of your local state colleges. Many of these universities and colleges are offering online degrees.

That being said, try identifying some of the jobs you would like after you finish your schooling. Ask the people who work there if anyone gets hired with a degree from Devry, University of Phoenix, or other online schools. I’m sure a potential employer would be amazed if you contacted them before you even started your education.

Hope that helps,

Professor Nate

Yeah, that’s definitely a temporarily restricted fund (not sure why the previous treasurer labeled it restricted). A restricted fund is more like a large endowment that can never be touched (only the interest can be used). I’m not sure about the quantities of money you are dealing with here, but what you are proposing seems fine to me (though you should consult with an accountant that is more familiar with your church’s finances).

How’s that for a vague answer?

Professor Nate

I have to tell you that I’m not very familiar with Postbaccalaureate programs as my school does not offer them.

I have to agree with you that a Masters In Accounting would be pretty difficult for someone who hasn’t studied or practiced accounting for over 8 years. Contrary to popular belief, the accounting field is continuously changing and many of the rules you learned are now outdated.

My Advice: Look into the Postbaccalaureate programs and see what their job placement percentage is. If these programs are having good success at placing people in jobs, then I’d definitely take that route. The key is to make sure people are getting jobs from these programs. The worst possible scenario for someone in your situation is to burn two years of time and money in a program that won’t be able to get you a job.

Are you looking for a job at a large company or are you looking for a bookkeeping job? The truth is if you’ve learned bookkeeping once, then you probably have a lot of the basics down. If you want to head down the bookkeeping route, then you could take a refresher course online and then get certified as a Bookkeeper and I’d also recommend getting certified with QuickBooks or some other popular software program. I see tons of jobs looking for people with QuickBooks Experience.

Good Luck! Keep the faith and hang in there. With a little persistence you’ll be back in a steady job.

Best,

Professor Nate