Alpha Phi Omega
Now nearing completion of his studies in accounting and finance at the University of Illinois at Urbana-Champaign, Willowbrook resident Eric Baumbach has served the public in several positions in Burr Ridge and Willowbrook. Eric Baumbach has also contributed data analysis and tutoring for his brothers at the Alpha Phi Omega (APO) service fraternity.
Incorporating many ideals of the Boy Scout movement, APO follows a twin mission of creating a service ethic and working toward peace. It also provides its members with resources for developing leadership skills they can take into the society at large.
One fraternal activity is APO LEADS. This program is built around its acronym of Launch, Explore, Achieve, Discover, and Serve, activities which describe components of good leadership. APO members and non-members alike may attend the event with the goal of becoming better leaders on campus or in business.
Enhancement of individual chapters is the goal of APO’s Membership Academy and Membership University. Both events deal with challenges of recruitment, planning, and improving situations with non-productive members.
Finally, the National Volunteer Conference offers assistance to APO alumni looking for increased involvement with the fraternity as a whole. Held in July 2017 in Dallas, the gathering will focus on sectional chair training, preparing for LEADS workshops, advising students, and networking.
Alpha Phi Omega
A student at the University of Illinois at Urbana-Champaign, Eric Baumbach of Willowbrook, Illinois, is pursuing a degree in accountancy and finance. Throughout high school and college he has worked in a variety of roles in the greater Willowbrook area, including a lifeguard position at the Five Seasons Sports Club in Burr Ridge. Also involved in community service, Eric Baumbach serves as data analysis chair for the service fraternity Alpha Phi Omega, which holds several Membership Academies throughout the year.
Alpha Phi Omega’s Membership Academy is a weekend course that helps chapters that have fewer than 75 members and are facing challenges with recruiting and retaining members. The Membership Academy helps participants assess and revise their membership programs through a five-step model that teaches participants how to increase and maintain interest in their fraternity.
Participants in the Academy enjoy the opportunity to collaborate not only with fellow chapter members, but also with fraternity members from across the country. Together, fraternity members participate in breakout sessions that promote critical thinking and build motivation.
The next Alpha Phi Omega Membership Academy will take place from June 2 through 4 in Philadelphia.
Alpha Phi Omega
Eric Baumbach of Illinois’ Willowbrook-Burr Ridge community attends the University of Illinois at Urbana-Champaign in pursuit of a degree in accounting and finance. At the university, which is about two hours outside of Willowbrook, Eric Baumbach excels in academics and maintains membership in the Alpha Phi Omega (APO) service fraternity.
In its efforts to build strong leadership skills among its membership, APO oversees a variety of leadership development programs and activities. One of the organization’s main offerings in this area is APO Leads, a national program that addresses various aspects of leadership growth to help participants attain success in college and their careers.
APO Leads comprises a series of five courses that focus on leadership principles such as conflict management, decision-making, team building, communication, and self-motivation. The courses build on one another and culminate in Serve, a weeklong training session that gives participants the opportunity to apply what they’ve learned in a group setting.
APO Leads events are held in cities across the country and are open to APO nonmembers, pledges, chapter members, and alumni. For more information about the program, or to find a calendar of events, visit www.apo.org.
Accounting methods and analysis may provide many clues to the quality of a company. Having liquidity and being able to meet short and long term obligations is essential for any business. Lenders or investors should know that having enough working capital is essential for the success of any business. Formulas may be used to determine a quick analysis.
For a company to meet short term obligations one might want to use the Quick Ratio:
Current Assets – inventories / Liabilities = Quick Ratio
The Current ratio helps analyze the ability of a company to cover short term obligations. A current ratio of 2.0 or higher is generally considered attractive.
Current Assets / Current Liabilities = Current ratio
The Debt to Equity Ratio reveals the dependence on debt for the operation of the company. Generally, the lower the number the less dependence the business has on debt for their operations.
Total Liabilities + Shareholder Equity = Debt to Equity Ratio
The cash conversion cycle (CCC) is useful to measure to view the company inventory and how it applies to production and sales and applies it to operations and terms from creditors. A shorter work cycle indicates a better position of working capital.
Days Sayles outstanding + Days Payable Outstanding + Days Inventory Outstanding
= The Cash Conversion Cycle.
A full understanding of the industry along with the individual business will make this analysis more useful. Using a combination of ratios may help a more complete understanding of the balance sheet and helps lenders and investors understand their risk.
A resident of Willowbrook, Illinois, Eric Baumbach is currently studying for a dual bachelor’s degree in accountancy and finance at the University of Illinois at Urbana-Champaign. He is a member of the university chapter of the Alpha Phi Omega service fraternity, served as past director of finance and as a member of several committees. He also serves as a volunteer consultant for entreCORPS, an organization dedicated to developing and offering the best solutions to startups, municipalities and businesses.