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How To Survive An Audit

As a Master of Science in Accounting, you know that audits are an important part of the system. For most who go through them, though, audits are some of the biggest sources of stress imaginable. See tips for successfully surviving an audit, so you can advise your clients in the future:

Online Master Degree Programs – New England College

The projected financial statements

The projected financial statements are another type of financial budgets which may be used in the short term financial planning by a firm. The projected financial statements are complied from the projections made particularly in the operating budgets. The projected financial statements represent as to how the income statement and the balance sheet of the firm would look like at the end of the budget period if all the budget estimates are met and achieved.

The projected financial statements are as detailed below:

a)            Projected income statement

b)            Projected balance sheet

The preparation of the projected income statement is a natural extension of the budget process. The projected income statement for the period summarizes the performance of a firm if it meets the budget projections of sales, production and expenses. The format of the projected income statement should correspond to that which the firm uses in its regular financial report in order to facilitate the review process at a later stage. The following information/steps are necessary in order to prepare the projected income statements.

a)                   The sales forecast or the sales budget

b)                   The income statement of the preceding period and the identification of those items (of expenses) which varies directly with the sales. The two items which have a direct relation to the sales are the cost of goods sold and the operating expenses. These two items are expressed as percentage of sales on the basis of the income statements for the preceding period.

c)                   Identification of those items (of the income statement) which are independent of the sales. Such items may be fixed expenses, depreciation etc.

d)                   The dividend policy for the budget period

The projected balance sheet:

The firm may prepare different operating budgets to forecast the different figures and the expected level of cash, receivables, creditors, fixed assets etc. At the end of the budget period can be determined with reference to the cash budget, receivables budget, creditors budget and fixed assets budget respectively. However, it is helpful and desired in order to bring these figures at one place to be more meaningful. The statement so prepared by a purposeful mixing of these figures is known as a projected balance sheet. The projected balance sheet helps the finance manager to ascertain the extent to which the firm’s financial position is strengthened or weakened as a result of the firm’s planned activities during the budget period.

The required information for the preparation of the projected balance sheet may be obtained from different sources; i.e. i) The sales budget; ii) the projected income statement; iii) the income statement and the balance sheet for the preceding period and iv) other necessary information. The projected balance sheet can be prepared by following either of the following approaches namely:

a)                   Percentage of sales approach;

b)                   Judgmental method

Choosing Accounting Finance as a Career

A career in Accounting Finance involves acquiring the appropriate education and distinct skills required for success in the finance industry. You must be proficient in math and be able to contribute to the financial growth of the company in which you are employed. If you find the business world appealing, a career in accounting finance may be the right choice.

There is a wide variety of accounting finance areas that one can specialize in and can include: commercial banking, corporate financial management, international financial management, and personal financial planning and investment. Companies that employ those who specialize in accounting finance include: commercial and investment banks, insurance companies, Brokerage firms, Real Estate companies, and other accounting and financial companies.

Educational requirements for a career in accounting finance normally include a bachelor’s degree in finance. A bachelor’s degree is required for CFA certification. A career in financial management requires a Master of Business Administration. Courses can include economics, accounting, risk management, statistical analysis, critical thinking, research methods, problem solving, mathematics, ethics, business management, etc. Financial accounting differs from common accounting as it involves working with those who are not directly involved with the day-to-day operations taking place on the stock market. This includes such organizations as banks and government agencies. However, one will have a sound understanding of the financial markets and be able to make use of an assortment of financial data.

There are a broad range of career options in commercial banking. A career in commercial banking involves working in such areas as financial and credit analysis, accounting and auditing, financial management, securities, commodities, and a host of financial services. There are currently more people working in commercial banking than in any other division of the financial services industry. In banks, financial planners concentrate on assisting people with their financial plans for their future such as retirement. A financial analyst will research a clients or company’s financial status that can include their history, record of risk, current spending details, as well as the status of their investments. They make recommendations based on these factors and the company’s financial goals. An excellent financial planner is one who is knowledgeable about such areas as investments, taxes, and estate planning. They should have great interpersonal and listening skills.
In investment banking, finance professionals work with companies and governments to assist investors with trade securities, managing financial assets, providing financial reports and reports of investment activities, offer financial advice, and issue securities.

Certification is recommended for a career in finance. Personal financial advisors are often required to be a Certified Financial Planner. (CFP) Certification as a Chartered Financial Consultant (ChFC) is also helpful. To meet the criteria for the exam, you will require a bachelor’s degree and three years of experience in a related field. Additional licenses are required for sales in stocks, bonds, mutual funds, and insurance and real estate.

Job projections in accounting finance are expected to grow much quicker than the average for the next ten years. If you are good with numbers, critical thinking, and have an outgoing personality, you may want to consider a career in Accounting Finance.

Six Words Describing Small Business Financing

This report was produced in a direct effort to provide more understandable insights about some of the most critical business finance issues effecting commercial borrowers. Our approach in this report is to describe current commercial loan circumstances in six words. We have adopted a similar model in other commercial finance reports such as “seven words to describe commercial property loans”. The “simpler is better” perspective reflects the belief that after hearing an almost endless number of reports about commercial lending difficulties, what small business owners might really need is a more concise explanation about these problems and the resulting impact on their business financing options.

Before proceeding, it is important to emphasize that small business finance options are often more complicated than anticipated by many business borrowers. It would be incorrect to assume that we are attempting to characterize business loans and working capital financing as simple and straightforward. Actually, we are making the opposite case. The unfortunate reality that most business financing processes have always been excessively complicated and that meaningful improvements are not on the way is one of our ongoing observations. We nevertheless feel that it is critical for each small business owner to have an absolute and total understanding of the entire commercial finance process in the face of the prevailing commercial lending complexity. This particular report is one of several thorough efforts on our part to help in providing more understandable insights about commercial loans and business banking problems.

“Banks are saying no more often” is our first example of six words describing business financing options. For any small business owner still unaware of this harsh reality and who might doubt this observation, a series of candid conversations with other business borrowers will probably remove all doubts. The primary point to remember is that banks are not currently providing an adequate level of business loans on a widespread basis. It is important for small businesses to realize that they are not alone when they hear their bank say no to routine requests for commercial financing.


A second observation is that “commercial property values have decreased dramatically”. There are very few exceptions. The biggest business financing impact is likely to occur with commercial refinancing situations. Many banks are aggressively recalling existing commercial real estate loans and this literally forces a borrower to seek business refinancing even if a business owner has no interest in refinancing their commercial mortgage. With decreasing commercial real estate values, business refinancing will be a challenge for most small businesses.

In another six-word description of commercial financing, “lines of credit are disappearing fast”. Even the most successful businesses need a reliable source of working capital financing, so this situation is especially serious if a business cannot replace bank financing when it suddenly disappears. Even if a business still has an adequate line of credit, it is important to realize that on a widespread basis banks are reducing and eliminating business credit lines with almost no advance notice.

“Business financing is in intensive care” is our final observation in this report. Small business owners need to be prepared to take more extreme measures such as firing their banker and finding alternative commercial funding sources. Nobody should expect that bankers will publicly announce that they are in any kind of financial trouble after recalling that they have not been sufficiently candid about commercial lending problems in the past. On the contrary, a prevailing outlook from most banks is they are lending normally to small businesses. Commercial borrowers will need a healthy amount of skepticism when dealing with any commercial lender.

As we noted, this article is one of several efforts to help small business owners survive an extremely challenging commercial lending environment. By describing commercial loan difficulties in six words, this report was intentionally designed to produce a concise overview of several complex small business finance issues. A review of related reports such as “seven words to describe business cash advances” and “six words describing working capital financing” should also contribute to a better understanding of practical business financing options for commercial borrowers.

Online CPE Courses: is Better than the Rest

For CPAs, self-study CPE is regarded as the best option for several reasons. Self-study helps them to get rid of the hassle of taking an in-person course. Completing CPE hours through in-person courses is not always a viable option for CPAs due to scheduling conflicts and logistical difficulty. It is critical for the CPA to complete their CPE as it’s necessary to keep their license for practicing. Thankfully, there are quite a few online CPE course providers like which provide great assistance for a CPA to undertake self-study CPE from the comforts of their home or office. is a website that is judiciously crafted to ensure a user friendly interface for CPAs. It’s easy for the CPA to search and find the perfect CPE courses for themself. Detailed self-study CPE courses on different subjects are available, such as Accounting and Auditing, Computer Software, Finance, Management, Personal Dev, Specialized Knowledge, Taxation and ETHICS CPE. CPAs can take any of these courses and subscribe to them only for $149.

All courses include review questions and final exams, and the grading is also provided online. After subscribing to a course, the CPA can select it from their “My Account” page by clicking on the course name, and then access the course materials, review questions and final exams. SELF STUDY CPE and available ethics CPE has never been so easy before.

The website steps the CPA through each course sequentially, moving onto the next section once he/she has successfully completed the previous section of the course. After completing the final exam successfully, a CPA can view and print the course certificate. And, if the CPA does not pass the final exam on their first attempt, Master also allows them to take the exams as many time as they need.’s flexible policy allows CPAs to complete an individual course within 12 months of its subscription. For instance, if the CPA has taken a course as part of a subscription, the completion date is determined by the expiration date of his/her subscription. So, the CPA should have plenty of time to complete their CPE requirements. is highly professional in its approaches and offers plenty of flexibility to CPAs. In case a CPA is unhappy with the website’s products, he/she can contact the customer support department and the company will return the whole money back within 90 days of purchase. Their 90-day full money back guarantee gives them the competitive edge over other similar websites.

Visit and complete your CPE hours with ease!

Finance Jobs to look out for in London

Finance jobs in London are on the rise and the hiring and recruitment process is on a high. With a positive outlook of the economy, many jobs have opened up and are available to candidates, offering better prospects for job aspirants. There are signals of the economy improving and doing well this year. Many financial companies including banks; insurance companies etc are on a hiring spree. After a satisfactory first quarter, many recruitment companies are busy advertising for these jobs on behalf of their clients.

London is one of the financial capitals of the world. There are many financial companies and organizations in this city. From banks, insurance companies to mortgage and stock brokers, London is home to many financial companies. As such there are many recruitment agencies specializing in providing human resources to these companies and also many educational institutes to train candidates on finance subjects.

Finance jobs in London are being offered by many organizations like banks, insurance companies to brokerage firms. According to an estimate by a recruitment agency, as many as 2000 new banking jobs have been already added in the year 2013 so far which proves that the economy is on a path of recovery. Though the growth is at a slower rate than expected, there is a sense of optimism in the industry on the outlook of the economy and the financial industry doing well.

To find a job in this lucrative and ever growing sector in a city known to be the heart of financial business of the world, you have many options. There are many recruitment agencies that can help you land an offer or at least help you get an interview with a company. London recruitment agencies, are highly specialized in helping you get an interview or even an offer with a prestigious financial services or products companies. Jobs could range from providing customer support in a financial services company to salesman positions in a financial products company. Like any other job you need to be hard working and determined and also be good with numbers and be polite to your customers to land a job with a financial services company.

Finance jobs in London also encourage many institutes in and around London to train candidates to cater to their growing demand of qualified staff. Many institutes have in co-ordination with the companies are designing courses and curricula keeping pace with the changes in the financial sector, and also provide industrial and corporate training to candidates to give the candidates a real time experience of working for companies and preparing them real time challenges. These institutes provide training and education to job aspirants and students and prepare them for the growing financial industry.

Finance jobs in London continues to be the most sought after jobs and with a positive outlook of the economy the demand for these jobs is growing. Though finance jobs are always in demand, as the need for money and the need to either use it sparingly and wisely at the same time spending enough is always there. Companies now, especially after a serious global recession, are looking for candidates who could foresee the future economic and business opportunities. Companies want people who are pro active and futuristic in their approach. You definitely need a graduation with strong background in business economics and mathematics along with high business acumen. For the right candidate with right attitude finance jobs prove to be the best path to embark on a fulfilling professional and financial journey.

Improving Way To Get Loan For Your Financial Conditions In Easy Steps

Improve your financial conditions can be done in many ways, particularly when you are strapped in cash and need additional assistance on your financial. You can utilize money loans on the off chance that you are stuck financial sticky situation and need money at the earliest opportunity. Be that as it may, since loan are having high administrations charges and high financing cost, you ought to utilize loan if all else fails. This is the best approach to get money properly, nonetheless you need appropriate information to guarantee that you are getting the best loan. Today, I will give you an orderly guide on the best way to settle on an insightful choice and pick the right loan for you properly.


The initial step before you apply for a money loans, ensure that you are exploration loaning organizations completely. Try to check the scope of companies that offering you loan and check the forthright expenses and late installment punishments from every company. You may likewise need to do some exploration on the web to check input from past costumer. On the other hand, you can ask any associates in the business that may think about companies that have the best notoriety on loaning loan. Check  for the best evaluated trade advances out your region.


The following stride is trying to make inquiry to the loaning establishments. Ensure that you speak and examine about your issue and about loan. An expert and great loan company wills energetic to talk about to you about their administration. Check the telephone number, online inquiry box or email on their official site. You have right to understand the terms and condition of the loan completely, so don’t waver to get some information about anything you need to know from money loan.


The following stride is trying to determine the privilege online company, and afterward round out the application. To apply for loan, you should give your own subtle elements, your contact information and job information furthermore you’re financial records. You have to give particular insights about your job and to what extent you are worked at your present place of employment. Along these lines, you will have the capacity to give confirmation that you will have the capacity to reimburse the loan properly. Ensure that you pick genuine online loan Company before you send you’re close to home and bank information. You likewise need to give the measure of cash you have to get.


The following stride is ensuring that you are determining the amount of cash you have to obtain. You should survey your current financial condition and your capacity to pay the loan back. Along these lines, you can determine the amount of cash you can obtain and pay back. Check the forthright charges, concealed expenses and ascertain loan fee to check the measure of cash you have to pay back.


The following stride is sitting tight for endorsement from loaning foundations. Presently, you should simply sitting tight for endorsement from loaning establishments. By and large, it will take 48 hours to get the loan moved specifically into your financial balance.

Does It Pay to Get a Degree in Personal Finance?

The world of finance isn’t only about handing out financial tips and staring at a computer screen all day – it is actually a lot more glamorous than that. If you have always loved the way the economy works and the way that money moves, the financial world will teach you that the industry is complex, fascinating and full of curiosity. Sure, you can stand to make a lot of money, but you can also be in for a long, fruitful career that will always challenge you. During your first few years on a trading floor or at the computer bay of a trading firm, you may feel like you got your degree for nothing, but the truth is that it will start to pay off as you start making your mark in the industry. The first few months and years is all about paying your dues. So, does it pay to get a degree in personal finance? – It does, in many ways.

Fast Paced Exciting Industry

One of the most exciting industries in the world is the financial industry. This is because the world is connected by it, and relies on it. An entire country’s economy is based on the advice and actions of financial analysts and traders. If you want to experience life in the heart of the global economy, you may want to get your degree in finance.

Plenty of Room for Growth

In the financial industry, there is plenty of room for growth and upward mobility. If you start off on a trading floor, you could have your own corner office within ten years. However, you need to prove that you have what it takes to take calculated risks and make cutting edge decisions. The smartest financial analysts will always move to the top.

Learn How the Economy Works

If you go to Sarah Lawrence College or NEC Online, you will learn about the economy and how vast it is. Also, you will learn how important it is to the daily functions of almost every country. When you are actually in the world of finance, you will learn first hand how it works by seeing it happen in action. There aren’t a lot of careers that allow you the opportunity to see the fiscal heart beating with your own eyes.

Boost Your Own Fiscal Standing

With your degree in finance, you will also be able to manage your own finances a lot easier. Not only will you have the knowledge to grow your personal assets, you can also make smarter decisions when it comes to your retirement. Moreover, you can help your friends and family with any questions they may have.

Earn a High Salary with Benefits and Bonuses

On top of everything, individuals in the financial markets have the opportunity to make a large salary. If you become desired and in-demand in the field, you will also get bonuses – almost like rewards – for your work. If you want a job with a lot of security, a job in the financial sector is it. In the end, it can be exciting to know that you are being rewarded for your hard work.

4 Reasons to Consider a Degree in Finance

When you think of the world of finance, you likely think of Wall Street and accountants clicking away at calculators and computers. While these two fields are definitely a part of the finance industry, they aren’t the only ones. Finance can be more exciting than what you might see in the media. If you’re considering a finance degree from Pepperdine University, but have yet to convince yourself to go through with it, then you may find the following information worthy of a read.

The Right Degrees Can Make You a Hot Commodity

There are many companies out there looking for qualified individuals who carry a degree in finance and business. Those who major in finance or have a business major with a specialization in finance can find a variety of employers to apply to after graduating. It’s good to have options, and with this route, you’ll definitely have plenty of them. You can work for all types of businesses, including nonprofits, government institutions, educational institutions and so on. If you review the top 10 employers that are searching for such individuals include hospitals, schools, religious and civic organizations as well.

If you know ahead of time you want to work for a health organization, then it would be smart to obtain an online healthcare MBA.

It’s Not All About Number Crunching

Again, you don’t want to fall for this stereotype. You’ll rarely come across financial experts that fit into this tight corner the world has seemed to carve out for financiers. Sure, it’s expected of you to have accounting, reporting, financial analysis and Microsoft Excel knowledge, but you’ll also be expected to have other skills, such as communications, research, writing and problem solving. Remember, numbers is only one aspect of the finance business.

Finance is Growing

When you’re choosing a major, you always want to lean towards those that have a good future market. That’s what makes a degree in finance worthwhile. According to the U.S. Bureau of Labor Statistics, the number of jobs for financial analysts will grow by 16 percent between 2012 and 2022. The growth of other sectors is also expected, for instance, financial advisors should grow by 27 percent between 2012 and 2022.

The pay for finance positions is also worth noting. You can earn a lucrative salary in a variety of positions. According to the Bureau of Labor Statistics, he median pay for financial analysts as of 2012 was $76,950 annually. Personal financial advisors were recorded earning $67,520 per year.

Learn All About Money

A lot of people pay thousands of dollars on a financial advisor because they lack the knowledge to keep their accounts in order. This goes for both everyday people and business owners. The expertise you gain from your studies will put you in the position to go into various industries, including capital planning, international finance, investment and financial analysis. Everything you learn can and likely will be used for your own personal and business finances. You can think of that as the added bonus!

Choose the Most ideal Approach to Get Loan for Your Financial Conditions Even With Bad Credit

On the off chance that you are experiencing difficulty with your financial or you are do negative action in the past, for example, late payment, false provide details regarding credit score or criminal allegation, your credit score may have let down. Bad credit score will influence your life and make your capacity to acquire cash very limited. You will experience issues to apply for credit on any ordinary bank or you may get loan at a high interest rate. On the off chance that your credit score are to a great degree poor, you won’t not have the capacity to pick up credit at all at bank. In any case, there are a few choices you can take to pick up trade out the troublesome economy time. Today, I will give you an orderly guide on the best way to get unsecured credit line appropriately and find top of the line of money loans.

The initial step to improve trade out troublesome time with bad credit is by getting loan from companion or relatives. Along these lines, you will have the capacity to negotiate and maintain a strategic distance from high interest rate, loan from companion and relatives is have a tendency to be flexible than some other sorts of loans. Try to talk about the terms and agreement and the amount they are willing to loan. Ask about their assumption about repayment and interest, then talk about your capacity to paying the loan back. I prescribe you being straightforward with your creditor and guarantee that your relationship isn’t hurt in this transaction. Make a point to compose the agreement on writing form so there won’t be dispute or conflict later on. You may likewise utilize the agreement on writing form for lawful standing if there is any conflict later on.

The following step is get loan from credit union. You can get loan from credit union the length of you turn into the individual from credit union. Credit union is a little and local bank that claimed by the individuals, along these lines you have to end up part to utilize their administrations. You may likewise ask for loan regardless of the fact that you have bad credit; in any case you may in any case get high interest rate in spite of the fact that it is not as high as it would likely be at a large bank. You should simply open account on credit union, converse with the banker at credit union and ask for your eligibility for a loan. Ensure that you are filling out the fundamental printed material and after that talk about with the bank for the best arrangements of loans.

The next step is getting shared loan. You should simply going by website that give shared loan webpage. This sort of website is permitting you to specifically interface with individuals why should willing give loan to you. You can even improve rates with this kind of loan; notwithstanding it could be elusive individuals that willing to loan you cash. Try to make agreement that will benefit for both of you. Typically the website will monitor the status of loan and handle the payment.

That Emergency Root Canal Cost More Than We Had on Hand

I knew a guy who was reckless with money. It burned a hole in his pocket. Every paycheck was blown on junk he did not need. He would pay a couple bills and let other things go so he could get a new toy. You can only get by like that for so long before something gives. We lived frugally and tried to save. However, we did not earn high wages and every once in a while we came up short with money. I applied for a Payday Loan because an emergency root canal for an infected tooth set us back more than we had saved.

I had to get the work done or risk ending up with a systemic infection that could have killed me. I have never really had too much trouble with my teeth since I take care of them so good. I guess the first time had to be a real wallet buster.

Project Financial Management – 10 Key Steps to Streamline Your Business

Over the past decade or so we have been constantly bombarded with news about private and public projects that have either delivered scope at well over the expected budget or had to reduce scope to even come near to the original budget. Current thinking within project management methodologies only discuss the financial aspects of a project at a high level, leaving the “student” without any real way of working to greater understand the impact of their decisions on the financial results of the programme. In turn, the business case development is usually given minimal time and is a rushed job in the end. Investing in the correct people and time up front to review feasibility and secondly the business case is a must to ensure the total on target delivery of a project.

In the financial climate we are in, where budgets and costs are being cut, the time is now to ensure that whatever funding a company has available, that they invest it wisely – to do that you need to ensure that the project in the end – budget, costs and benefits are comprehensively reviewed.

With this in mind – using the Pathfinder Project Management Methodology as a basis, below are the 10 key steps to successful project financial management

(1) On new projects – invest time creating accurate feasibility studies and business cases, if this is a rushed job – in the end the results will deliver overspends.

(2) Review your project portfolio – are you carrying out the correct projects, are they nice to haves, are they being done for internal political gain – ensure each business case is robust and adds value to the future of the firm – spend time using previous experienced individuals to review and re-review the business case.

(3) Concentrate reviews just as hard on the benefits as the cost. In 80% of projects, once they are in, nobody wants to go back and review if they delivered as promised. So ensure from the start of the project you continuously check that as well as costs being on budget, that changes to your project have not altered your benefits.

(4) Cost cutting is not always the answer – allocate resource to “added value” projects – in today’s world cutting heads is a an easy short term fix, do not throw out the baby with the bath water and leave the firm with projects in-flight with no experience to deliver them. Instead review your project spend and as in (2) concentrate on adding value.

(5) Workforce development – up-skill their financial management knowledge, develop staff in leadership, health and safety, motivation etc – so when you put a non-finance manager in charge of a large project, is it not about time they were given the financial know-how. Don’t leave financial management to chance – develop your workforce.

(6) Break down the project into financially manageable sections. Too many projects work on the basis of a “pot of cash” – spend it as per the budget and if luck is with them, great! Instead take the “pot” and break it down into manageable sections – mapped to your project structure, that way you can see where budgets are by “workstream” and what ones are over/underspending.

(7) “one point of contact accounting” – too many managers will lead to budget overspend – following on from (6) above – The overall programme manager is responsible for the budget in total, at the same time each head of the projects parts should then be responsible for managing their part of the budget. This leads to one finance manager dealing with one project manager, ensuring a consistent relationship.

(8) Deliver focused and meaningful financial reporting to enable accurate decision-making. More is less – agree on what reporting is required from the project at the start and continuously improve until it is what the project needs to manage the programme of work. Because an accountant can deliver 20 pages of analysis a month to each project manager it does not mean that it’s correct – save the trees – minimise the reporting and improve the decision making.

(9) Communication – have a strong relationship between your project and finance manager. Finance cannot be back office, they need to be part of the project team and be seen to be so, and therefore open and honest communication channels lead to no surprises.

(10) Finance should be made aware of all potential risks / issues and a probable cost – if a problem has or may arise warn finance early, finance will be limited to what they can do to assist “after the event”.

Finance Careers: Investment Banking Analyst

For finance and business majors, one of the most coveted offers to have at graduation is an analyst position at an investment bank. Business students are attracted by the pay, the prestige and the fast-pace lifestyle that these twenty-something analysts live. But before collecting that (rather large) signing bonus, prospective analysts should make sure they understand what they’re getting themselves into.

Though many will seek investment banking careers, few will succeed. There are only so many IPOs, mergers and leveraged buyouts that take place each year, therefore the industry can only support so many jobs. Furthermore, there are many peaks and troughs in this market, so even if you have a job one year, you may not have it the next.

Despite the high degree of competition and the job insecurity, the résumé drop box for analyst positions is always full at the business school’s career office. So what kind of person are these firms looking for?

Getting in the Door

Yes, corporate finance looks for bright minds who can clearly articulate business insights. But investment banks are also looking for students who are driven and disciplined. Athletes often have the ideal personality type for investment banking. They work with a team and practice every day to win. That’s the type of mentality that succeeds in the corporate finance world.

In terms of education and experience, bankers are generally looking for candidates with business and finance backgrounds. Good majors include finance, accounting, business administration and economics, but even math and engineering majors can make their way into an interview if they can demonstrate that they are bright and understand the industry that they’re getting themselves into.

Internships and other work experience that relate to finance are also very important. If a candidate can demonstrate that they’re comfortable with financial modeling and analysis, they are likely to get an interview. But the interview process is where the fun begins.

Once selected for an interview, it is time for analyst candidates to start sweating. These interviews are often the toughest in the business world, and potential candidates should think twice before entering an interview without several hours of practice interviews as well as a few interview study books under their belts.

In these interviews, bankers are looking to verify that the aptitude that they perceived on a résumé is actually there. They may do so with brain teaser questions, rigorous financial analysis exercises or strange questions that are meant to throw the candidate off and test how they react to pressure.

Interviews may involve several rounds — on campus, off-site at a hotel or at the firm. The interview process usually culminates in a “super Saturday” round in which the top candidates meet with all the bankers at the firm and socialize — perhaps taking in a sporting event.

Super Saturday helps the firm to make a final decision on which candidates are the best cultural fit. Offers are extended, signing bonuses are accepted, and the newly-minted analysts enter the crazy world of investment banking.

What do Analysts Do?

So why does someone who is fresh out of college get paid such a large salary? In short, analysts have to constantly work their rear off. They may start their day at 8 am and not finish it until 1 or 2am — and sometimes they don’t go home at all. They usually plan to come in on the weekend to stay on top of projects. When all is said and done, analysts regularly put in 80 to 100 hours a week at New York firms and perhaps 60 to 80 hours at firms off of Wall Street.

To understand what it is that analysts do, it’s important to understand the deal cycle of the corporate finance department. Investment bankers — the vice presidents and managing directors — will either approach or be approached by companies with ideas for potential transactions. These deals may include IPOs, follow-on offerings, private placements, mergers and acquisitions.

Bankers will set up a meeting with the company called a pitch, in which they pitch the services of the firm to the company and present their analysis of the feasibility of the potential transaction. At the pitch, the bankers will present the potential client with a pitch book — usually a hard-copy PowerPoint presentation that describes the credentials of the bank along with a detailed analysis of the market in which the company operates and often a valuation of the company itself.

If the company is impressed with the firm and interested in pursuing a deal, then it will engage the firm to execute the transaction. Depending on the type of transaction and the conditions of the market, these transactions can take anywhere from a few months to a few years to complete. At any point in time, bankers can be working on several pitches and deals all at once.

Investment banking analysts rarely get to work on anything more than the pitch books for the bankers. Depending on the firm or the level of confidence that senior bankers have in an analyst, they may get to accompany the senior bankers on a pitch and might also assist in some of the deal execution.

As simple as it sounds, though, preparing pitch books is no easy task. The bread and butter of the analyst position is the comparable companies analysis — or “comps.” Comps are a valuation methodology in which public companies that are similar to the company in question are used to create multiples from which the value of the company can be extrapolated.

Comps are a great way to learn the intricate details of financial statements and develop a fundamental understanding of how value is created in a particular industry or market niche. But after a few months of doing one comp analysis after another, they get extremely tedious.

In addition to comps, analysts might be called upon to prepare a discounted cash flow analysis (DCF) for a pitch book. A DCF model is a bit more involved and requires putting together financial projections for a company, calculating its weighted average cost of capital (WACC) and using it to discount the cash flows to determine its value.

Other forms of analysis that investment banking analysts may be called upon to prepare include leveraged buyout models (LBOs) and precedent transactions analyses (similar to comps). Analysts are also under a lot of pressure to triple check their work to ensure that no errors make it into the pitch book — otherwise, they are likely to get an earful from embarrassed senior bankers returning from a failed pitch.

Many firms offer excellent training programs and have developed several model templates to help analysts up a very steep learning curve and to perform at a high level. The pressure, however, can still be quite intimidating and many of an analyst’s all-nighters occur during the first months as they spend extra time trying to learn their trade.

What are the Perks?

So with all the pressure and long hours, there’s got to be some incentives for analysts to stick around, right? Certainly. Depending on the firm, starting salaries for analysts can range from $60k to $90k, but when you add in bonuses that are often north of 50 percent, total compensation can range from $100k to $140k.

But wait, there’s more. Many firms have a policy that when analysts have to stay at work past 7pm (basically every night), they get their dinner paid for. Given the expense of the restaurants located in the financial districts, this perk can quickly add up to a lot of money, and many analysts quickly become dining connoisseurs.

Other perks often include reimbursement for cell phone or blackberry bills, free cab rides for late trips home and the occasional opportunity to celebrate with other bankers at a lavish closing dinner. With all these opportunities to save money and the long hours, analysts often have a hard time finding ways to spend their money.

Career Progression

After about three years of the investment banking grind, many analysts decide to go back to school for their MBA. If they haven’t been turned off by the late nights and long hours, they may decide to continue their career in the industry by taking an associate position in corporate finance. Associate positions are usually geared toward recent MBA grads, but depending on the firm, some analyst may be promoted to the associate level without an MBA.

Should an analyst choose to leave investment banking altogether — and many do — their experience can often be leveraged to move into positions that would normally require more experience. After all, many analysts wrack up double the hours of the average worker and have to perform their work at an intensity level that is among the highest in the business world.

Although many people are attracted to investment banking because of the high pay, the intense lifestyle causes many to leave after just a few years. The real windfall of investment banking for most people is the boost it gives to their career because of the experience they gain.

Before jumping headlong into the corporate finance world, a potential analyst should carefully weigh the realities of the position and ask whether this is really something he or she is looking for — or ready for.

Lucrative Career Options in MBA Finance for Beckoning Individuals

An MBA (management in business administration) is considered as a lucrative career option since after perusing this degree, your value will automatically gets increased in the present market. It’s a kind of degree that prepares you for a managerial role in the selected field.

MBA has a lot of areas such as finance, banking, export, human resource, sales and marketing, advertisement, etc. However, according to the recent reports, there has been a tremendous growth of business schools in India in the last few years. This growth in turn resulted in a large number of MBA graduates which brought saturation in the industry (supply was more than demand). As such there have been cases where an MBA has had to accept job offers that were sub par according to industry standards. In other words there was an urgent need for the students to specialize in a particular field rather than choosing a general MBA degree.

The top MBA finance college in Delhi offers huge employment opportunities to those pursuing it. The programme facilitates a holistic learning where the capabilities of the learner is enhanced and matches as per the industry standards. This degree fits individuals in the positions that are badly needed by corporations in the current financial scenario. With the subsequent financial crisis that has been prevailing in the business world for the last two years, companies all over the world require managers who can take quick financial decisions n order to sustain in the present volatile market.

Finance constitutes a significant part of the operations of any firm. Considering career prospects, there are countless options at executive levels if you have a degree in finance.

Corporate Finance:

To enter into this position, you need a MBA in finance. Corporate finance requires handling the funds of a company, planning mergers, acquisitions as well as planning future investments. Your role would be to supervise company’s revenues as well as to raise funds, and to manage cash and assets of the company. Individuals in this field should have strong analytical skills as well as ability to motivate people.

In addition to this, there are opportunities such as investor relations officer, financial planner, risk management, credit manager, insurance adviser, real estate planner, money management, and investment banking.

Many MBA colleges in Delhi that will help you kick start your career in the management field. However, you need to choose the best MBA finance college in Delhi since there is a huge impact of the standard of your institution in your studies. Search for the top MBA finance colleges in Delhi by using internet.

Importance Of Business Finance

Business finance is solitary of the majority of the essence aspects of running and maintaining a concern
. Finances dictate the victory or failure of a concern. If a concern holder does not appropriately keep their concern finances it follows that they will soon investigate problems occur. Business finance is something with the purpose of all concern holder be obliged to deal with and understand.

Part of concern finance is setting up proper cash stream. A concern holder needs to obviously describe their accounts receivable and accounts payable. They need to keep a steady and balanced cash stream next to all epoch. This resources they be obliged to not at all consent to your accounts payable exceed their accounts receivable in one agreed month.

A concern holder be obliged to and carefully cope their debt. They be supposed to not at all consent to their debt develop too high ranking or prohibited of control. They be supposed to keep regular payment schedules to ensure they get something done not fall behind on repaying one debt.

Keeping fair and concise records is exceedingly of the essence to keeping concern finance under control. A concern holder be supposed to either hire a proficient or manage a number of type of accounting workstation software to keep accounting records.

It is of the essence on behalf of a concern holder to keep a concern financial plan, much like they would on behalf of their household. This will help them ensure they are keeping track of all the money advent in and on offer prohibited of the concern. This is a nice method to steer clear of getting too much debt.

Proper make a recording keeping can and help prohibited be supposed to the concern holder need to develop a give somebody an advance of. Lenders have a preference to suffer records to refer to what time making a decision on a give somebody an advance of, especially on behalf of a concern. Businesses are seen as risky as they can without difficulty fail. Lenders like to investigate attestation with the purpose of they concern is burden well or next to slightest a forecast with the purpose of shows considerable attestation the concern will get something done well. This is come again? Nice make a recording keeping does.
Business finance is something many group perform not think too much something like after first a establishment. This is why so many businesses fail. When a establishment is absolutely first up lenders like to ensure a skilled establishment map in place, as well as a monetary map. This shows the establishment possessor is really understanding all to is involved with taking a establishment winning.

Every establishment possessor ought to take their establishment finances in mind on all period. Money is the biggest indicator of star in establishment, so it makes get the impression instead of to be individual of the top priorities of a establishment possessor. For proper establishment finance a establishment possessor ought to assert records instead of all of the money obtainable in and imminent outmoded of the establishment. They ought to track all sum unpaid and money payable to the establishment, as well. By practicing skilled establishment finance, a establishment possessor is obtainable to be individual step closer to ensuring their establishment succeeds.

Objectives and Dimensions of Financial Management

Simply, financial management known as those managerial activities that is required to procure funds at the least cost and their effective deployment. For an organization finance is known as blood. No business can ignore the role of finance.

On the understanding of its branch it is known as science which manages the money of a company. Traditionally, it was known as a branch of knowledge with focus on the procurement of funds. In the modern approach it is known as the procurement of the least cost funds and its effective utilization for maximization of share holder’s wealth. In the globalize world after the impact of information technology financial management have added new dimensions in the field of accounting and finance.

About the goal of financial management it is clear that financial management of a firm is maximization of economic welfare of its shareholders. Broadly, it fulfills two goals – profit maximization and wealth maximization. Profit maximization would be under perfect competition to allocate the resources. Wealth maximization is known as maximizing the net wealth of the company’s share holders.
Financial management has financial functions which are closely related to financial decisions. Finance functions are performed by financial managers. In this course finance manager can takes the following decisions:

Financing decision

Investment decision

Dividend decision

Liquidity decision

Latter, financial management cover the areas of accounting, marketing, productions and HR. In the accounting it works as computation, statements and decisions. In the marketing it works as formulation of policy, investment and working capital. In the production it works as technology selections, operations, plant size and capital budgeting. In the HR it works as paid salary, salary packages and capital productivity.

In this way, we can say financial management in the modern age has broader aspect which covers the necessary aspect of any organization. To grow or establish organization, finance is the blood as earlier.

Sports Finance, What Do You Look For?

As with every other business, the sports industry requires funding in order to enhance its growth and ensure its survival. In the past, the financial aspect of the business was a task that was managed by the marketing manager. Nowadays the overall responsibility of the financial status of the business is operated by the finance manager. The sports businesses also need to raise funds to increase their cash flow levels. They can do this through the stock exchange, mergers, acquisitions, promotions, athletes’ transfers etc.

There have been cases where some clubs or unions have spent more than they can afford, which in turn leads to massive debt. In addition, there has been a noticeable drop in ticket sales and with no forthcoming funding from governments the interested parties have to look for ways to reduce their losses. They may choose to reducing players’ wages or not renewing their contracts. It can be quite difficult to get financing for sports and additionally keeping fans interested in the sport.

If sports organizations want to survive in this tough market, they have to come up with inventive ways. With careful financial planning and fresh new ideas like stadium construction, debt refinancing and revolving loans are a sure way for the continuous survival of any sports club.

When looking for sports finance, there are aspects like competition, environmental trends and demands fluctuation that play a vital role. Some see this as an opportunity to invest because if you invest when share prices are low you have the advantage of gaining more. The sports business can be a profitable venture if there is proper and coordinated management which strives for excellence.

How Managers Handle Financial Risk Successfully in any Business

Are you a businessman or woman, a student, a politician, an investor, or do you hope to be a successful businessman in the future? Very well then, this article is precisely appropriate to fit your quest.

Finance is a term used to describe money and the management of money. It is the lifeblood of any business in the sense that it is needed for establishment, continuity and expansion of a business. Without adequate sourcing and proper management of finance, a business may undergo colossal liquidation.

Financial risk comes into play during decision making and management of opportunity costs attached to every decision we make.

Risk simply means relative uncertainty or the state at which the outcome of an event may deviate from what is expected. Risk is different from uncertainty because it has some level of predictability as opposed to uncertainty. Too many a time, businessmen neglect opportunities and chances for expansion just because of fear of risk. The fact that some things have risk does not mean they are unachievable. It only means that we need extra courage and hard work to achieve them. Beside every decision we take lies a risk itself.

The truth is that risk can be measured and managed. Hence, there is no need to be stagnant in business without consideration of innovation and movement with trend. Of course, technology and services of today can be less useful with time if no values are added. We could start by taking a risk on 10% of our earnings on expansion and improvement of services and see the effects on the next year’s total earning. The risk is more manageable than a risk taken on miscellaneous funds for investment in some of the promising companies in the country. People would say that it’s quite risky to invest because we could lose such money. That is okay for a pessimist. It’s good we consider all possibilities within the parameter rather than being one-sided. Losing the money is not the only thing that can happen; the money could also double up with time, while on the other hand, if that money is spent materially or kept at home there would be no chance of doubling its value.

Basically, a corporate organization is faced with four decisions on which their risk lies.

Finance decision: It is the decision on the capital structure of the firm. It deals with the decision on what amount of debt and equity would be combined to run the organization. The finance manager carries out the finance decision. He carefully considers the interest on various debts he is sourcing and the control of the firm in the case of the sales of equity.

Investment decision: This is capital budgeting decision. It must be carefully handled to prevent the firm from ending up with nothing on its investment. It is one of the riskiest decisions.  


Dividend decision: This is the decision on the proportion of profit to be distributed as dividend. It should be handled well to encourage prospective investors to patronize the organization.

Liquidity decision: This decision needs proper handling to save the firm from the risk of illiquidity. This is the decision on the proportion of cash for financing current assets. This is quite risky because it goes a long way to affect the profitability and continuity of the firm.

Generally, it is often believed that individuals vary with their levels of risk perceptions. Some are risk lovers, risk averter and risk neutral or avoider. Please my wonderful readers don’t be deceived into believing that you are strictly in one of these classes. You can exhibit all of them based on circumstances before you; you can be automatic because I and many other financial experts have been so.

The fact that you read “Financial |Risk and you” does not mean that you should indulge in a business opportunity with high risk without considering their returns. Off course, the risk lovers can be so intoxicated to fall a victim of this. It is paramount that the first thing you think about before taking a risk is the return. The magnitude of the return expected should be the drive for your taking a risk.

When you come across an opportunity that would never earn up to your expected return ever in your widest imagination, you automatically become a risk neutral. Don’t take a risk on such opportunity.Risk averter on the other hand has to do with efficient management of risk.

We may ask the question below:

How can we manage risk?

A straightforward answer is that, we can manage risk through risk diversification or spreading them on different investments. These kinds of investments are generally called portfolio investments. It is quite obvious today that too many of us put the whole of fund in one company hoping that such company would remain the best among others forever. This is like “putting all your eggs in one basket” and all eggs go down with the fall of such basket.

A little illustration would be paramount to clarify our understanding. Take for instance: A boy wants to invest 50% of his entire savings. Rather than putting all in sunglass Ltd, he puts half in kanko umbrella Ltd and the other half on sunglass Ltd. In the raining season he gets more dividend from kanko umbrella Ltd because they sell more while in the dry season that is sunny, he gets more dividend from sunglass Ltd. He manages his risks on investment because his investment in sunglass Ltd would compensate for the losses in kanko umbrella ltd during the dry seasons.

Note! As a business tycoon, politician, trader or even as a student, you could spread your funds in more than three investments so as to have efficient management of risk.

In conclusion, I believe that money, finance and risk are “three” things that we cannot escape in our journey to becoming a financial giant and that we aspire. A proper knowledge of the fusion and management of the above three have been analyzed in the body of this article. Hence, it is the candid opinion of this article that you carefully and systematically go through the article and hook up to many detailed secretes that could tremendously trigger your financial breakthrough even in the presence of a very risky business environment

Goals Of Corporate Financial Management-Some Thoughts

There is a multiplicity of goals of management. Wealth maximization is a wholesome goal. Maximization of profit, profitability, liquidity and solvency are other goals. But these are sectional and fragmented. Similarly, minimization of cost of capital, risk and dilution of control address particular aspects. Well, all these put together throw much light on the whole gamut of management as such. Now, maximization of economic value is added to the list of goals of management.

Further more, the goal of the management should be to achieve the objective of the corporate owners, who are the suppliers of capital, namely shareholders. The finance manager’s function is not to fulfill his own objectives, which may include higher salaries, earning reputation or maintaining and advancing his personal power and prestige. It is, rather, to the extent manager is successful in this Endeavour, and he will also achieve his personal objectives. It is generally agreed that the financial objective of the firm should be the maximization of owner’s wealth.

However, there is disagreement as to how the economic welfare of owners can be maximized. Two well known and widely discussed criteria which are put forth for this purpose are: (a) profit maximizations, and (b) wealth maximization.


Traditionally, the business has been considered as an economic institution and profit has come to be accepted as a rationally valid criterion of measuring efficiency. In support of this contention, the following arguments are usually put forward:

(i) Profit is a prime motive or main incentive which paves the way for better and more efficient performance. It is a reward for entrepreneurial ability. Persons or groups of persons compete with one another and work hard in order to excel others in giving better and more efficient performance simply because they are attracted towards earning more and more profit. This promotes enterprising spirit and leads to economic development of the society.

(ii) Profit is not only an objective, but also a criterion or measuring-rod of efficient management. In this way it is both a goal as well as a measure of good performance. The degree of success or failure over a period can be tested on the basis of the degree of profitability in a company.

(iii) All business decisions are taken keeping in view their probable impact on profit. Thus, it has become a part of the decision-making process.

(iv) In a society or in a business enterprise efficient allocation of scarce resources and their judicious utilization are possible on the basis of profit criterion. Resources flow from low profitable ventures to high profitable ventures.

(v) In a society which is devoid of profit motive or incentive, there will be no place left for mutual   competition   to excel one another in efficiency,   skill   and competence. In such a situation the pace of growth and progress is bound to slow down.

Limitations: As a goal, however, profit maximization suffers from certain basic weaknesses: (1) It is vague, (2) it is a short-run point of view, (3) it ignores risk, and (4) it ignores the timing of returns. An unambiguous meaning of the profit maximization objective is neither available nor possible. It is rather very difficult to know about the following: Does it mean short-term profits or long-term profits? Does it refer to profit before or after tax? Does it refer to total profits or profit per share? Besides it is being ambiguous, the profit maximization objective takes a short-run point of view. Prof. Ducker and Prof. Galbraith contradict the theory of profit maximization and observe that exclusive attention on profit maximization misdirects managers to the point where they may endanger the survival of the business. Prof. Galbraith gives the following points to argue his line of reasoning: (1) it undermines the future for today’s profit; (2) it short-changes research promotion and other investments; (3) it may shy away from ‘any capital expenditure that may increase the invested capital base against which profits are based, and the result is dangerous obsolescence of equipment. In other words, the managers are directed into the worst practices of management. Risk and timing factors are also ignored by this objective. The streams of benefits may possess different degrees of certainty and uncertainty. Two firms may have same total expected earnings, but if the earnings of one firm fluctuate considerably as compared to the other, it will be more risky. Also, it does not make a difference between returns received in different time periods, i.e., it gives no consideration to the time value of money and value benefits received today and benefits after six months or one year.

For the reasons given above the profit maximization objective cannot be taken as the objective of management. It can be stated that the appropriate operational-decision criterion should include: (i) It must be precise   and   exact,   (ii)   It   should   consider both   quality   and   quantity dimension, (iii) It should be based on the bigger and the better principle, and (iv) It should recognize the time value of money. For these reasons, wealth (value) maximization has replaced profit maximization as an operational criterion for management decisions.

Consider the example of three business units making profits over three years given below


Unit – 1

Unit – 2

Unit – 3




















From the above table, it is clear that all the business units making profits of six lakh rupees.  But evidently unit – 2 is the best of three, followed by unit – 1 and unit – 3. Hence profit maximization is not accepted as a flawless goal, since it might lead to unfair means adopted and time value of money is not considered.


The maximization of wealth is a more viable objective of management. The same objective, if expressed in other terms, would convey the idea of net present worth maximization. Any action which creates wealth or which has a net present worth is a desirable one and should be undertaken. Wealth of the firm is reflected in the maximization of the present value of the firm i.e., the present worth of the firm. This value may be readily measured if the company has shares that are held by the public, because the market price of the share is indicative of the value of the company. And to a shareholder, the term ‘wealth’ is reflected in the amount of his current dividends   and the market price of share.

Ezra Solomon has defined wealth maximization objective in the following manner: “The gross present worth of a course of action is equal to the capitalized value of the flow of future expected benefits, discounted (or capitalized) at a rate which reflects the certainty or uncertainty. Wealth or net present worth is the difference between gross present worth and   the amount of capital investment required to achieve the benefits.”

What about a public sector firm the equity stock of which, being fully owned by the government, is not traded on stock market? In such a case, the goal of management should be to maximize the present value of the stream of equity returns. Of course in determining the present value of stream of equity returns, an appropriate discount rate has to be applied. A similar observation may be made with respect to other companies whose equity shares are either not traded or very thinly traded.

From the above clarification, one thing is certain that the wealth maximization is a long-term strategy that emphasizes raising the present value of the owner’s investment in a company   and the   implementation of projects that will increase the market value of the firm’s securities. This criterion, if applied, meets the objections raised against the earlier criterion of profit maximization. The manager also deals with the problem of uncertainty by taking into account the trade-off between the various returns and associated levels of risks. It also takes into account the payment of dividends to shareholders. All these ingredients of the wealth maximization objective are the result of the investment, financing and dividend decisions of the firm.


The matter is further complicated by the fact that management may in practice have other objectives either instead of, or as well as, that of profit maximization. A few   possibilities are given below.

(a)Growth: The maximization of profit does not necessarily require a firm of large size. Corporate power, however, is often a function of size and this may become a management objective. Non-profit making organisations, such as mutual assurance companies and building societies, where the profit motive cannot operate, often adopt pure growth as an objective.

(b)Risk reduction: Many potentially very profitable enterprises also carry a high risk of expensive failure. Prospecting for oil, for example, is very profitable if a rich strike is made but ruinous if the exploration proves abortive. It may, therefore, be a management objective to ensure survival by the avoidance of risk, profit becoming a secondary objective.

(c)Personal aspirations: People who obtain senior positions in
management are likely to be highly motivated towards their own career
objectives. Important objectives for a manager may therefore be the
improvement of his own salary, career prospects or security. This may mean a desire for quick results which will stand to the immediate credit of the manager involved as against more solid but longer term profit making objectives.

(d)Social objective: Some organisations adopt an altruistic social purpose as a management, objective. Thus they may be concerned to improve working conditions for their employees, to provide a wholesome product for their customers or to avoid anti-social actions such as environmental pollution or undesirable promotional practices.

(e)Efficiency: Some enterprises, such as charities or public services, have as a fundamental objective the provisions of a required service which is not supplied in the marketplace. A suitable management objective for them is the provision of the service at minimum cost.

(f) Orderly liquidation: A firm will sometimes reach a point where it is appropriate for it to go into liquidation. This may be forced on it by a crisis or a failure of its commercial viability or it may be undertaken voluntarily because the purposes of its original foundation have ceased to exist. In either case, once the decision has been taken, the objective of management will be to operate the business until its demise so as to balance the conflicts of interests of employees, shareholders and customers, to fulfil contractual obligations, e.g. to pay creditors and debenture holders, and to bring a tidy conclusion to all outstanding matters.

Where a particular management action has implications for more than one objective, a view must be taken as to the balance to be struck. For example, the objective of the maximization of profit may be in conflict with the objective of minimizing risk. The judgment to be made is subjective and, therefore, not susceptible to analysis although it is usually made by   reference to some explicit or implicit overall corporate objective.

Career Opportunities With MBA Finance And Banking In The Ongoing Economic Scenario

With current global economic crisis, Pink-slips are becoming a common phenomenon in almost every sector and unemployment is haunting every job-seeker. The scenario has driven many job aspirants to turn to study further and develop their existing skill to meet new challenges in the job industry. In such situation, MBA in finance and banking offers a potential career opportunity that fit any industry.

Scope of MBA Finance in the Current Job Industry:-
MBA programs in finance is developed round a well-constructed background of finance theory, a strong understanding of financial market and its implication on corporate valuation, and a strong skill set attributed to security analysis.

These days, every industry and almost all organizations are trying to combat with the recession blues. The demand of the time is to manage the financial system of the organization so as to balance the profits and expenses. A finance manager plays and extremely crucial as well as decisive role in reorganizing the financial system that can go well with the diminishing financial status of the organization. The economic crisis has hard-pressed many organizations to select a manager who can determine new strategies to improvise their nose-dived profit graph. Once you have accomplished a degree with MBA finance, you are fit to face the financial challenges of a business organization.

Scope of MBA Banking in the Current Job Industry:-
The MBA banking program centers round the financial and strategic management of banks. You will gain practical insight in international financial services that has a direct impact on the banking practice.

Contradictory to the ongoing circumstances of job cuts, the industry that is estimated to add new professionals is the banking industry. Many private sector banks are tying up with leading organizations to expand their field of operation. The globally competitive market of banking needs efficient and capable managers who can lead the organizations to stand out in the crowd. An MBA with banking will develop you to become a capable and knowledgeable banking executive who can deploy suitable strategies for the organization.

MBA schools in Bangalore look forward to inculcate an insightful wealth generating ideas in the students. The MBA in finance and banking programs are so well-structured that they can help you develop innovative strategies and solve the financial problems of an organization, end to end. After successful completion of the program you have a wide scope of job opportunities in financial institutions such as banks, insurance companies, non-financial organizations, securities and investment brokerage, financial scrutiny and investment positions, etc. Many business organizations in India are growing significantly resulting in providing increasing job opportunities for the MBA students. The MBA colleges in India offer programs to students to fulfill the basic motive of business organizations- earning profit.

The future of MBA in finance and banking is excellent. Both of them are attributed to the finance of business organizations that is the prime concerned of the era. However, you need to select the right MBA college and get into the best B-school in India to build an excellent career.

Visit for further details.

Benefits of Engineering and MBA in Finance

Like most engineering students, I thought pursuing M. tech or GRE would be the best options for me. Probably my thought was dominated by the conventional approach followed by everyone. I almost overlooked the option of obtaining an MBA degree after the completion of my engineering. If I talk about the prevailing job market, I have inquired that only technical skills are great to get you a job, but they are not enough to guarantee you a steady growth in your future or escalating the growth levels in the corporate world.

After finalizing on the fact that I would pursue MBA, it took me some more while to decide what to specialize in. There was Human Resource, Marketing, Finance, etc. I narrowed it down to finance after a lot of analysis and research. It was a difficult decision indeed, as I very little knowledge of commerce and economics and I knew competing with students form commerce background. I came to know that top management colleges of India have a large number of students coming from non-commerce background and successfully complete MBA with finance specialization.

I realized that the mathematical and analytical skills that an engineering student acquires in this B. tech degree, gives him a better understanding of the subjects like accounts and economics. In most cases you can co relate problems with real life scenarios. This is actually one of the most sought after degree and you have the option to get into finance and any other sector where there is need for finance. You can easily be posted as accounts, bank and finance manager of companies.

To secure a strong future in any company or even if you want to start your own business, knowledge of finance with the technical background of engineering you would be in a better position to understand the market scenario since you will be well versed with the concepts of supply chain, business law, accounting, portfolio management, etc. One of my batch mates from the Institute of engineering and technology has started his own venture and he says his MBA in finance has added value to his career, as he too, is from engineering background.

Another benefit of an MBA degree in finance is that you are not confined to jobs from only one sector, you can get into other finance job as well.  so if you are still contemplating, I would say it is worth a try and go for it!

Liquidity versus Profitability: The Dilemma of the Finance Manager


Written By: Shafii Ndanusa FCCA, Abuja – Nigeria.

The global economic crisis left in its wake a string of corporate failures across the different economies of the world, regardless of the stage of economic and political developments that different nations are faced with. One of the worst industries hit is the financial industry which has led to a plethora of different reform initiatives designed to reduce the undesirable impacts of the crises. From the Americas to Europe, Africa and Asia, the ripple effects are still being felt by individuals, enterprises, industries and nations. This scenario provided an excellent opportunity for most business and corporate analysts to conclude that the business failures were more as a result of the global economic crisis rather than the conventional management mistakes that has often been adduced as the chief reason for corporate failure.

Since the dawn of civilization when businesses became more organized and strategic, when detailed records of financial transactions began to emerge, specifically with the advent of what is known today as the Balance Sheet, finance managers had come face to face with a dilemma. It did not matter whether there was a general economic downturn, each business enterprise needed to survive, grow and prosper well into the future. Each time a major investment decision had to be made, technically there is always a dilemma in choosing between keeping more or less liquidity or desiring less or more profitability.

For organizations that are purely profit-oriented, it is easier to see the interplay of conflicting preferences. While for organizations that are non-profit, the desire for profitability can be equated to the desire for value-for-money in service delivery. The metrics for measuring value-for-money are as varied as their objectives hence a bit more difficult to fully appreciate. However, for all enterprises that wish to operate in perpetuity, such enterprises must manage their financial resources in a way and manner that ensures that they do not go under or become extinct.

The business environment around the world has become increasingly competitive. Just like in any venture, to succeed you have to find a way to have the best of resources in people, strategy, finance, products and market niche. With respect to the management of financial resources, a challenge usually arises in deciding whether to favor liquidity or profitability. It is not possible to favor both in one single decision. The more liquidity you keep, the less profitability you achieve. Likewise, the less liquidity you decide to keep, the more financial resources you are able to channel to fixed capital investments which eventually leads to more profitability. More of both choices are thus desirable, but mutually excluding.

Once a major asset allocation decision is to be made, there is need for the finance manager to strike a balance between liquidity and profitability. Striking this balance is instinctively one of the major roles of the finance manager in any organization. Good practice takes cognizance of the context in which the decision is to be made in addition to the peculiar circumstances of the enterprise as well as the short, medium and long-term objectives of the enterprises’ management.The pattern of investments in fixed assets and current assets is usually a reflection of management’s preference for either profitability or liquidity.

Overall, some of the factors affecting managers’ preference for either liquidity or profitability include the individual managers’ attitude to risk, the industry peculiarities, the general investment climate, cost of borrowing both long and short-tem funds and the current levels of return on the various classes of fixed capital investment in the firms’ portfolio, amongst others.

It is obvious that excessively high levels of liquidity will not do any organization any good, particularly in the long run as such an organization may be losing out on worthwhile investment opportunities. Low liquidity levels may limit an organizations’ ability to respond to business emergencies. Low profitability levels may lead to slow speed of corporate growth and may even affect a firms’ market rating. One of the probable dangers of high profitability levels is that it can create a false impression that an organization has fully matured and reached a comfort zone. The resultant effect is that the management of such enterprises ends up becoming less strategic, less proactive and thus prone to corporate drift.  Corporate drift itself may end up leading to corporate failure.

In summary, a proactive, vigilant and purposeful approach to the management of enterprises’ financial resources is the key to corporate survival, growth and prosperity in the long run.

Role of the Financial Manager

                                 ROLE OF THE FINANCE MANAGER

According to the changing business environment the role of the financial manager has undergone a  sea change.During 1980’s the finance manager had a traditional role to play ,his task was mainly confined to procuring cash,maintain accurate records ,prepare reports on the company’s current financial position and performance  and manage cash to save the company from insolvency.However this role gradually transcended and has now changed into a gigantic task with the growing complexity in the business environment,globalization and also with the enlargement of the size of the business.

Today’s finance manager is well versed with the overall financial functioning of the organisation and is capable of dealing with the problems and decisions dealing with the management  of the financial operations.Now he is very much involved with with the total amount of capital employed by the firm ,with the allocation of funds in  various financial projects and financial activities and is less concerned with the procurement of funds  and now the finance manager is more concerned if at all the funds have been properly utilised.Therefore the role of the finance manager is much exact.In order to tackle the functioning of this financial operations he has to have a broader range of skills,a strong grasp on the nature and scope of all firm and financial operations and a thorough understanding of how the firm operates in averse situations and operates in a market place.Therefore their task are more centralised on the liquidity and profitability of the firm.

Today,undoubtably the role of Financial managers have not only become exciting but also challenging,because it entails effective and quick decision making process,tact,requisite skill,intelligence and foresight in order to match the fast moving and technologically complex corporate environment.There can be problems at times where it becomes increasingly alarming for the company to function smoothly,the problems can relate to:
Selection of new proposals for capital investment,Dividend declaration,Procurment of long term and short term capital,optimal use of working capital  and increase in the value of firms common stock.Therefore the role of the finance manager centres around efficient planning and control of flow of funds right from inflow to outflow of funds.The modern financial manager has very important role to -play in the effective management of the company.He has to have knowledge of financial markets and financial statements in order to take financial decisions or any corrective measures,concerning the firms operation.The financial manager is highly specialised job today ,no area of management can function smoothly unless its financial aspect is sound and effectively managed,the responsibilty totally rests with the Finance manager.Hence shows how important a Finance manager is to the organisation.

Internationally recognized CFP Certification for Career in Finance

After taking a basic degree in commerce many students either go for chartered accountancy or a post graduate degree in finance. A career in finance is a good career option that not only earns good money but is also considered to be very respectable socially. There are many financial courses that can give specialization and a definite direction to a career in finance. A certified financial planner course is one such very good option for a successful career in finance.

Financial Courses

There are many courses in Finance Management that are available and which have great market value. Some of them are:

Certified Financial Planner

Chartered Wealth Manager

Other courses related to stock trade and analysis for professionals as well as amateur investors to understand stock markets and how they work are also available. Some of those are:

D-SAT or Diploma in Stock Analysis and Trading

Certificates in Technical Analysis

Smart Investor Programs

Certified Financial Planner course

Certified Financial Planner course or CFP is one of the financial courses that are highly in demand because it increases the opportunities for a career in finance in different financial companies. Many banks and banking services, Broking companies, Insurance companies and Financial companies need the services of CFP.

Since the Certified Financial Planner course is of the highest global standards and the certification is recognized worldwide, the student gets the confidence that he or she has got the right training and education to meet the most stringent job requirements anywhere in the world.

The Certified Financial Planner course is a course that gives super specialization to the financial professional. The credentials of the Financial Planner gives the clients confidence that his financial planning will be done in the best possible way and that his wealth is in good hands. The certificant who is awarded the CFP Certification is in the enviable position as he begins his career in Finance and joins the global network of Financial Planners.

In India FPSB India is the main body that is licensed to award CFPCM Certification. To be able to get the certificate, the student has to enroll in one of the listed education providers that have been enlisted by FPSB. After getting class room training, reading and study material, a collection of questions, students are required to sit for the exams conducted by FPSB India to get the certification.

The Certified financial planner course itself is divided into six modules and these modules comprehensively cover all aspects of Financial Planning. They are:

• Introduction to Financial Planning

• Risk Analysis & Insurance Planning

• Retirement Planning & Employee Benefits

• Investment Planning

• Tax & Estate Planning

• Advanced Financial Planning

Although an internationally recognized course, due importance and stress has been given to the Indian Economic and Financial scenario and while giving a global training the Indian angle has always been the main focus.

Here is How Bad Credit Hurts Your Financial Career

Okay, by now you must be very much aware of the fact that a good credit score helps you immensely when it comes to borrowing a loan with low interest rates. However, you might be negligent of another fact that it also aids you a rewarding career in the financial industry as well. Financial industry does not only demand the ability to be, say, a would-be broker, but also requires somebody with a clean credit report.

Your credit report is a kind of mirror for the employers. They will tend to check both your cash residues in credit cards as well as the legal judgments. How long it takes you to satisfy the debts. Is there any outstanding debt? Well, the employer will also check your first mortgages, home equity loans, personal loans as well as the lines of credit. Make sure you show how professional you are through your credit card report itself.

Further, in addition to the credit card balances report, legal judgments are equally important. Seven years are considered as the period of time that most of the credit reports encompass. Therefore, the employer checks out minutely any of the effectively bad legal judgments against you over the period of the last seven years. Yet again, make sure you present yourself as a responsible individual.

Nevertheless, this was all about how you can make a good credit report and why a good credit score matters to your potential employer. Nevertheless, are not you eager to know how bad credit can hurt your financial career?
Read carefully from this point on.
For sure, a poor credit history or a bankruptcy filing is quite relevant to your employer in the hiring process of yours. For instance, nobody would hire a bankrupt person for the reason that he/she must be more sensitive towards participating in ‘double-dealing’ activities. How would a person who is not able to manage his/her own money, be able to cope up with the financial troubles of his/her client?

Moreover, let’s admit here that even if we were not on the employer side, we would not lend money to a person who has a bad credit rating or any bankruptcy proceeding going on. Mainly because the person reflects a character of poor judgment.

Individuals should check for their credit reports at least once in a year. However, in case you just want Bad Credit Loans Australia for financing your small business, then you should not worry much about the bad credit score. You certainly have some legitimate enough options of Short Term Personal Loans to get through this kind of emergency.

Accounting Courses: Build a Successful Career in Finance!

Money is the basic element needed and used to conduct any form of business. This fact has established many careers that are dedicated to working with money. Accounting is one among such careers that is highly valued by the companies and the individuals alike. Many of the colleges offer degree programs at every level making accounting a popular educational path which delivers clear professional results.

Accounting courses can help one prepare for a career in the business world. The main duty of accountants is to compute and generate totals and balances. They also perform duties such as balancing of bills received and payable accounts, ensuring that correct data on customer accounts are entered and so on. An accountant should know how the company processes money transactions and other functions they are supposed to perform.

Individuals, who choose this career path must be good in arithmetic. This is a job which requires one to be very accurate to avoid mistakes and variations. A small mistake while balancing accounts automatically gives out wrong data. Therefore, one should have great mastering abilities and should be quick as well.

If you are looking for Accounting courses in Melbourne, you will find several institutions offering the diploma and certification programs in accounting. The program offered by them include financial analysis, auditing, financial presentations, management and statistics. One should understand things like cost of capital, consolidations, cost behaviour, statistical analyses and so on. This is an area for those who are willing to work hard and are good at numbers, as it requires a lot of calculations.

This is a highly competitive field. Most company’s usually have this department since they need to keep track of their cash flow. In the department are accountants whose job is to monitor the amount of money that comes in, as well as the amount that goes out. Thanks to the invention of computers, the work has been made easier. One does not need to carry out calculations on paper, since they can use computers.

Most companies go for accountants who are familiar with both paper based and computer based accountants. The reason is that they are more experienced, have broader knowledge base and are also technology savvy. They come in handy when computer system fails or where there is no computer. They are also more efficient and reliable because they are multi-skilled. They are trained to perform a wide range of financial transactions.

A career in accounting may sound a bit complicated but its returns are big. Hence, the job profile is high, this is the reason why many people desire to take it up. Acquiring the job of accountant is not tough as every business requires the one.

After the completion of accounting course, a person is ready to outsource his services to private and public companies, businesses and so on. They can open their own firms to do so efficiently. In other words, one does not need to wait to get employed to work as an accountant. Being an accountant is enough for one to start their own business.

MBA Finance Offering Diverse Career Opportunities!

Master of Business Administration (MBA) is one of the most common career choices among the students looking for post graduate degree.  If you are still apprehensive about the MBA prospects FY2015, you need to put a full stop to all your concerns.  As per a recent survey which encompassed 748 employers in 47 countries including India, it was revealed that 84% companies plan to recruit fresh MBA graduates to their workforce in 2015-up from 74% in 2014 and 62% in 2010.


Among all the disciplines, finance is the most popular specializations of MBA that students go for. A substantial number of MBA aspirants specialize in finance as the stream unlocks the door for high paying jobs in banks and financial sector.  With global financial crisis posing a big menace to the world trade, companies all over the globe realize the dire need of financial specialists who can come up with competitive solutions keeping the buoyant market into consideration. Finance as a whole is a vital part in the core business processes of any company and thus there are huge career openings for MBA finance graduates.

Let us take a quick look on the top colleges MBA colleges and employers for MBA finance graduates.
Top Colleges for MBA Finance in India

  • IIM Ahmedabad
  • IIM Bangalore
  • Department of Management studies, IIT Delhi
  • Faculty of Management Studies, Delhi
  • MDI Gurgaon
  • XLRI Jamshedpur
  • FMS Delhi
  • Narsee Monjee Institute of Management Studies (NMIMS) Mumbai
  • ISB Hyderabad
  • Indian Institute of Science, Bangalore

Top MBA finance Recruiters

  • SEBI
  • Axis Bank
  • Avendus
  • ICICI Bank
  • Edelweiss

Career in Quantitative Finance

Making a career in quantitative finance usually means getting hired by an asset management firm, a specialized software development firm or an investment bank. You will have to have to start your journey from any one of the business types mentioned above even if you have set better goals for yourself.

So, what exactly you should do to become a quantitative finance expert as far as your education is concerned? The list below will tell you about the kind of academic qualifications you should have for becoming a qualified quant.

Like any other respectable profession, you’ll need an undergraduate degree. The degree should be preferably in computer science, engineering, physics or mathematics. Whatever might be the course, it should have a mathematical component.

If you want to get a better paid job, we would suggest you to get a postgraduate degree in the same subject you studies during graduation. Getting a post graduate degree is even more important for individuals who want to make a career in quantitative finance, but has not studied any of the four subjects mentioned above during graduation. For those people, there’s always an option of studying computer science or computer applications when doing masters.

You can also do your maters in financial engineering. This subject is directly linked with quantitative finance and will educate you about all the significant areas of this field including stochastic calculus, probability/measure theory, derivatives pricing theory, and a range of programming languages

If you don’t have enough time to study or wait more before you begin earning, but have the desire of becoming a quant, you will have to learn the following subjects by heart.


  • The first subject you will have to learn is probability. It’s the most basic aspect of quantitative finance.  If you don’t comprehend the probabilistic concepts, you will never be able to work effectively as a quant.
  • Next, you will have to learn stochastic calculus. This is a tool all quantitative finance experts need for manipulating the widely talked-about Black-Scholes model. For those who don’t know: manipulating this model often becomes necessary for derivatives pricing.
  • The next subject you must learn is statistics. Your statistics intuition must be of high level for you to achieve success as a quantitative finance expert. We would suggest you to work under an experience professional of this field for a few years to develop knowledge about statistics. You cannot become an expert statistician just by reading books; having practical experience is a must.
  • The final things you must concentrate on are programming languages. If you want to work in a bank, learn C++, C# and Java. If you have the desire of working in an asset management firm, we would suggest you to learn MATLAB, Python, R and C++.

Accounting Courses- Learn How to Create a Successful Career in Finance

A question that most of the people who are good at numbers ask at one time or the other is- How to become an accountant? After all the job of an accountant not only pays well but their services too are always in demand.

As we all know, money makes the world go round! But these are accountants who manage the money! No business can exist without cash flow and neither can it survive if the inflow and outflow of cash is not recorded or managed appropriately. Accountants are the people responsible for ensuring that companies and businesses carry out all financial obligations relating to statutory payments and maintain records of all financial transactions. A good accountant will maintain records to give an accurate picture of the business’ health to the all the stakeholders.

There is a wide range of accounting courses available in educational institutes across Melbourne which provide students with the opportunities that are necessary to form a successful career in accounting. The beauty of these programs is that education provided through these programs is applicable in a wide variety of professional situations. Recently, a number of educational organisations have come up in Melbourne, which are dealing with accounting and providing a number of programs to train students in this career.

The courses and programs being provided by these organisations are being developed so that needs of the international and domestic market could be satisfied. These needs are changing every day and this is placing a lot of strain on the accounting professionals. As a result of these ever increasing and ever changing demands, the accounting people are being forced to update themselves. Now with the advent of a plethora of accounting programs and courses in various educational organisations, grounds are being made to ensure that students are well prepared to take up the challenges, that present themselves throughout the career of an accountant.
As far as Accounting courses in Melbourne are concerned, the students are provided with the opportunity to choose their favourite fields. After choosing, the students are then provided with the training that is ideal with respect to their chosen areas of accounting. Some of the areas touched in these programs are bookkeeping and spreadsheets.

If you have considered becoming a chartered accountant now is the time to consider making the move and completing an undergraduate business degree. Accounting courses can provide students with a solid grounding in all areas of accounting and finance, including financial accounting, assurance, audit, taxation, law, corporate finance and financial management; all core areas that professionals encounter in business on a daily basis.

The accounting courses and programs offered in various educational institutes cover a wide variety of subjects like certificates, masters degrees, associate diplomas, master of business administration programs, advanced diplomas, doctorate studies and bachelors degrees. Both theoretical and practical programs are provided but these provisions depend upon the particularities of the program like level of study and other requirements. The modern approaches to accounting are also taken into awareness in the accounting programs, provided by the universities and other educational institutes of Australia.

Tips for Making a Bright Career in Finance and Banking In India

Each and every organization, whether it is a governmental body or a private institute, needs at least one financial expert. Even a small business or agency is in need of financial guidance, sometimes hiring out or purchasing software. It’s for these reasons an individual with a business degree in finance can assist in any organization.

Hence, choosing to study finance and banking is a great idea for the numbers-savvy degree seeker. Being great at math alone will not help you to reach the higher goal of attaining a job in these fields; there are many laws that vary from state to state and country to country. A degree in finance will help you take your knowledge of numbers and currencies to the workplace and use the knowledge practically.

Currently there are so many banking and finance degree programs available readily. Hundreds of universities and colleges provide these finance and banking degree programs both in regular and online curriculum. Depending on your interest, study habits, and budget you can select either a “traditional” course or choose to get your degree online or even start through the community college system. There are always options out there for dedicated students.

In case if you are planning to enhance your banking career in India you are required to appear for the JAIIB/CAIIB exam in banking industry which are conducted by Indian Institute of banking and finance (IIBF). The exams are not so hard to pass if you have basic knowledge about banking. You can find different study materials present online which can help you out.

Importance of Finance and Banking Degree Courses Online

Nowadays the finance and banking degree courses are available online so that one can easily learn and get the finance degree by sitting in their home. This is a great option for someone looking into furthering their education while working or someone who doesn’t have the funds to complete a degree in the “traditional” method. It used to be said that online degrees were not as valued as degrees earned on a college campus but that bias is no longer true. Many top universities around the world are offering online courses and employers are recognizing their value.

After completing any type of finance degree program one can get a job (depending upon the credentials and rank he or she earned in the course of the degree program, of course). There are career opportunities in finance in every industry and in every company around the world. The job description may differ in name but the work will always be centered on the same concepts that is finance management. You just need to find the industry you are most interested in and start looking.

Difficult Church Loan and Business Finance Solutions

Church loans often suffer from several problems, and as a result specialized business finance strategies are required. Typical church financing will involve multiple difficulties.

Church loans are probably the most difficult form of commercial financing to successfully close. Churches are an integral part of local communities, so it is necessary to improve church financing solutions. In almost all cases financing will require a very specialized commercial real estate loan that is typically not widely available.

Churches are not typical commercial enterprises but they do have substantial business financing requirements. This article will offer an overview of four key church loan financing difficulties and a listing of six practical church financing strategies.

Four Major Church Financing and Business Finance Difficulties –

Before addressing possible solutions for the most common church loan needs, it is important to discuss the typical barriers to obtaining appropriate financing. Historically church financing has been difficult to arrange for several reasons:

(1) Church Loan Obstacle Number One: Church properties are unique. Lenders are therefore concerned that if commercial loan payments are not made in a timely manner and the lender is required to assume ownership of the property, it will be very difficult to find a new owner because of the unique property features.

(2) Church Financing Difficulty Number Two: Commercial lenders usually require individual guarantors for church financing, and this is inappropriate for a church loan. The financial structure of churches simply does not lend itself to a traditional lender/guarantor approach. Many commercial lenders are not comfortable with the potential lack of individual guarantors because of the difficulty of reselling the church property if negative financial circumstances occur in the future.

It is unfortunately very common for church financing to have been secured only after church members have authorized an individual guarantee for church financing. The need for individual guarantors acts as a serious barrier first because church members might be unwilling to do so and second because there might not be individuals who have enough financial resources to provide an individual guarantee for larger church financing needs.

(3) Church Financing Difficulty Number Three: When church financing is obtained, there are frequently unacceptable business finance terms such as very small loans, low loan-to-value (LTV) of 50% to 60%, short-term loans and high interest rates. These onerous terms are tantamount to the church loan being declined, and if the terms are accepted, the church is likely to experience continuing financial difficulties due to unrealistic commercial mortgage requirements.

(4) Church Financing Difficulty Number Four: Construction, renovation and land acquisition are even more difficult for churches to finance than purchases or refinancing. As a result, needed repairs are often postponed indefinitely and new churches frequently take many years to become a reality.
Six Practical Church Loan and Commercial Mortgage Solutions –

There are common-sense financing solutions for the church loan issues described above. Here is an overview of church financing that is now available from some non-traditional lenders:

(1) Church Loan Financing Approach Number One: Non-Recourse Loans (instead of guarantors). As noted above, the willingness to forego traditional guarantors does require a non-traditional lender. With this church financing approach, church lending will not depend on individual guarantors.

(2) Church Loan Solution Number Two: Long-term business loans. Church financing will be much more successful when it is long-term instead of short-term (payments will be reduced dramatically).

(3) Church Loan Solution Number Three: Low interest rates (usually a maximum of prime plus 1-2%). In reality many churches have been taken advantage of and charged excessive interest rates because lenders perceived that they did not have any other realistic options.

With payments limited to prime plus 1-2% or less, church financing payments will be noticeably reduced. In combination with longer-term loans, the overall payment reduction will make a significant contribution to church cash flow improvements.

(4) Church Loan Solution Number Four: Church loan financing minimum of $500,000. This allows churches to complete most financing in one step rather than piecemeal over a period of years.

(5) Church Loan Solution Number Five: Higher LTV (75%-90% is possible). This results in a more workable amount of 10% to 25% (rather than 40% to 50% with traditional church financing) for the down payment or non-financed portion in refinancing.

(6) Church Loan Solution Number Six: Church financing can now include new construction, renovation, land acquisition, purchase and refinancing. Due to flexible church loan financing, it is not necessary for any of these important church loan activities to be postponed.

Collectively the six church financing solutions described above should benefit a large number of churches by allowing refinancing with much better financial terms and by facilitating the construction of new churches on an accelerated timetable. The six church loan financing approaches should result in financial covenants that will contribute to the long-term financial profile of prudent churches which adhere to the church financing approaches suggested.

Regardless of the practical business finance and commercial mortgage strategies that have been described above, it is appropriate to emphasize that arranging appropriate church financing will almost always be difficult. Due to the specialized nature of a church loan, unavoidable complications with the commercial real estate financing should be anticipated. As a result, prudent church borrowers should attempt to acquire a better understanding of these complex business loan issues.

Start Your Business With Adequate Finance

Construction consists of several different activities. When we talk about the word construction then there come many activities that need coordination.The construction can be of any thing that can be your house,your company,your office anything.

Beginning another business is a deed that you can accomplish just on the off chance that you have the sort of capital that goes into it. You have to have property where your office can be manufactured, you have to develop the workplace, you have to purchase hardware, you have to contract workers…the rundown continues forever. Any kind of money deficiencies can put a mark on your task. To verify your fantasy business begins effectively, you will need to obtain plentiful budgetary assets. This should be possible through new business loans.

It is not easy to find the right construction company.Before one makes the decision to build any kind of building there are lot of things that should be considered carefully.The building that you want to construct, first of all you will want to do your best to ensure that the construction team in charge of doing this will be able to get the job done absolutely right.If you want your construction successful and according to your own desire then you must hire the services of professional construction services.

And while hiring such a professional company following things must be kept in mind:

• Firstly, you should  look for a company in the list of the construction companies which are registered and approved by the government.

• Secondly, make sure that the company that you will hire must have their own website. Websites allows us to visit and see the past work of the contractors and services that are provided by the contractor.

• Before signing for any construction company ask them about that how they hire their sub contractors. And also ask them that whether they have the insurance policy of their employees or not.

So these are the tips to hire good professional company for construction process. In today’s world everybody want a perfect construction work for house , company or anything.And this perfection is possible if you are hiring perfect professional company.And after hiring company one can move forward in construction process of his dream house or dream company or whatever.

But the best construction depends on the construction company that you are hiring. Some companies are specialized in kitchen renovation,bedroom renovation etc.Some companies provide you the service to complete your construction process in minimum period of time.

Now the features that every construction website must have are:

They must have great domain name.Domain name helps to easily search on google Construction Website’s success depends on publishing new contents through blog software.Construction website’s description must be very clear.Mean it should be very clear that what they are offering.


Every construction company have different policies and procedures and its upto you that which company you want to hire and which suits you best. The advantage that you can search in these companies is fixed features. Having a fixed prize will make your task easy and definitely make it worth the investment. By finding that type of construction company you will be able to plan better for your construction and you will enjoy many benefits like:

  • Easier Transition
  • Budgeting abilities
  • More Flexibility
  • No hassles with contracts.
  • You get exactly for what you are going to pay.

Tips for choosing construction company for your project.

  1. Firstly read contract carefully. The profession read every contract carefully. The biggest sign of whether a company is professional is how well their contracts are done. You can get an idea about whether they employ people who will dot the i’s and cross the t’s or whether you will have to do all of the heavy lifting.

2.    Find out how they handle their communications. With some companies, you will notice that it is a real challenge to simply find someone to talk to who knows anything about your project. You need a contractor who is available and able to speak with you on your time.

The Important Aspects Of Business Finance

Business finance is one of the most important aspects of running and maintaining a business. Finances dictate the success or failure of a business. If a business owner does not properly maintain their business finances then they will soon see problems arise. Business finance is something that every business owner must deal with and understand.

Part of business finance is setting up proper cash flow. A business owner needs to clearly define their accounts receivable and accounts payable. They need to maintain a steady and balanced cash flow at all times. This means they must never let your accounts payable exceed their accounts receivable in any given month.

A business owner must also carefully manage their debt. They should never let their debt get too high or out of control. They should maintain regular payment schedules to ensure they do not fall behind on repaying any debt.

Keeping clear and concise records is extremely important to keeping business finance under control. A business owner should either hire a professional or use some type of bookkeeping computer software to maintain accounting records.

It is important for a business owner to maintain a business budget, much like they would for their household. This will help them ensure they are keeping track of all the money coming in and going out of the business. This is a good method to avoid getting too much debt.
Proper record keeping can also help out should the business owner need to get a loan. Lenders prefer to have records to refer to when making a decision on a loan, especially for a business. Businesses are seen as risky because they can easily fail. Lenders like to see proof that they business is doing well or at least a forecast that shows significant proof the business will do well. This is what good record keeping does.

Business finance is something many people do not think too much about when starting a business. This is why so many businesses fail. When a business is just starting up lenders like to see a good business plan in place, including a financial plan. This shows the business owner is really understanding all that is involved with taking a business successful.

Every business owner should have their business finances in mind at all times. Money is the biggest indicator of success in business, so it makes sense for that to be one of the top priorities of a business owner. For proper business finance a business owner should maintain records for all of the money going in and coming out of the business. They should track all debts and money owed to the business, as well. By practicing good business finance, a business owner is going to be one step closer to ensuring their business succeeds.

Business finance – Meaning and concepts covered

Anything that has got to do with money, its management, accountability of the same, transactions, running of a company, costs etc. is covered under a wide terminology known asbusiness finance. Let us look at some of the basic concepts that are involved here.

Health of a company

One of the main concepts involved in the financial market is to check the health of a company. By health, we mean the company’s capacity to sustain financially. This is done by checking the cash flow of a company. This will help you ascertain if a company has enough cash inflow to meet the expenses. In other words, it simply helps you understand, if the company is healthy or not, when it comes to its finances. By knowing this, you can arrive at an important decision of knowing if it is worthy to invest in this company or not.

Kinds of inflow

Businesses can borrow money from a lot of sources to run their operations. Some of the most important sources ofcapitalare equity, investments from venture capitalists and the like. The art of knowing the various sources of finance, how to utilise them to the maximum possible extent, what risks are one subjected to in each of these sources, what level of inflow can one expect them, how to develop further with these sources etc. are all widely covered in the concept of business finance.

Arithmetical formulae

For the benefit of owners, there are some formulae available in the financial market for calculating the soundness of their venture.. For example, a company’s current ratio can be calculated with the help of formula, current assets/current liabilities. In order to check a company’s quick ratio, that is, how quickly a company is able to generate cash for its needs, the formula is quick assets/current liabilities.

Important terms

Some of the important terms used in this field are cash flow, budget, balance sheet, dividends and the like. They are not jargons and it is important for everyone involved in this field to know about these. Only if the proper meaning, inclusions, exclusions and applications of these terms are understood properly, will an owner be able to sustain himself in the competitive world today. Today, there are lots of businesses vying for competition and it is important to have a unique edge over the other if you want to position yourself in the minds of customer. This edge could be in terms of your knowledge. You can get this by hiring experts in this department.

Pros and Cons of Budget Lapsing

Budget lapsing describes the practice of restricting the use of monetary budgets to a certain period, typically a fiscal calendar year or quarter.

This mechanism allows for a better way of monitoring the spending of assigned budgets by providing a finite time horizon for spending activities and is an important organizational performance measure. By rewarding budget compliance it influences and controls employee spending behavior and is an essential tool for cost management.

Budget lapsing also ensures that funds provided for a certain period of time are being used during that period. If a company defines a 5-year mid-term strategy with expected growth targets by year and assigns budgets accordingly, the consumption of these budgets needs to follow the original plan to ensure this strategy is supported. Overspending or underspending of budgets by individual business units might impact the strategy due to existing organizational dependencies. Also, for multi-year programs, the assignment of yearly budgets can provide an early indication of cost overruns and provide beneficial information for management decisions.

However, this practice might promote undesirable employee behavior. The fact that unspent budgets expire, might encourage managers to spend the remaining budget on unnecessary items at the end of a period due to “use it or lose it” thinking. Another possibility could be that remaining funds are provided to other business units that might need the money. Although this is the better alternative it would falsify the operating results of the benefiting business unit and could lead to incorrect management decisions.

The main reason for completely consuming assigned budgets might however be the underlying budget planning process. Many companies consider the amount spent in previous periods as baseline for future budgets. If an assigned budget is not used in the current period this might result in a smaller budget in the future. Given the uncertainty of future spending needs, managers will tend to use the existing budget to be in the best possible position, with the largest budget possible, in the future. Even for growing companies the impact of possible budget reductions will lead to such reactions. Assuming a company plans to grow 5% during the next year, the yearly budget might be defined as spent amount in previous year plus an additional 5% increase. Managers that are aware of this simplified budgeting method might fear that they could receive future funds that are smaller than the expected growth rate and therefore feel motivated to use up the assigned budget. As these examples show, budget lapsing combined with a simplified budgeting process doesn’t seem to support thriftiness. In addition, in the course of time such processes would justify cost increases in accordance to company revenue increases although a proportional cost increase might not be warranted. Even during constant growth periods, company costs might vary or even decrease (e.g. due to higher initiation costs, step costs) and should be carefully analyzed.

However, there are possibilities to avoid these pitfalls. One option is to monitor spending patterns and to require additional approval and justification for year-end spending activities. This measure might help to reduce unnecessary spending but eventually managers could adjust their spending behavior to avoid year-end peaks and bypass year-end restrictions. Another option is to change the budget planning approach for certain cost categories to a more sophisticated method at least once in a while to ‘reset’ budgets and avoid spiraling cost increases. External market or industry information and benchmarking activities could support this task.

Furthermore, using budget adherence as an individual performance measure in rewards management needs to be assessed carefully. Overspending should be avoided penalized due to the bottom line impact, however an exception process should be defined and communicated for reviewing and approving additional budget needs. Underspending should not be rewarded due to potential effects on company growth plans and negative impact on employee satisfaction.

Budget lapsing is an important accounting feature that is required for monitoring and controlling expenditures and its benefits seem to outweigh potential disadvantages. There are methods to prevent misuse and waste, however they can be costly and might still allow for loopholes. The better approach for creating the desired behavior is to educate employees on the impact individual actions could have on the company results, encourage entrepreneurial thinking and have an open communication on budget topics.

Time- Your Most Valuable Possession

The entire reason I write comes down to one all encompassing belief I have- That time is your most precious resource. To me, time is life itself, as important as the air you breathe. Without your time, you have nothing. And time, in the world we live in, is directly affected by money. I don’t think money can buy you happiness, but it does buy you time, and there is nothing more valuable. People sometimes think I have an obsession with money, and that isn’t true at all. What I have is an immense gratitude for life and I hate seeing it wasted.

Watching people throw money away on poor decisions makes me cringe. For some reason, the direct correlation between money and time has been lost by most people. If you have a job you need to get it through your head that every dollar you spend is directly subtracting time from your life, time that you will be forced to spend in the office working instead of doing what you want. I like to pretend there is a guy in the sky with a giant chalkboard keeping track of how much time I get in my life- Every time I spend money, he subtracts time. I might as well be smoking a pack of cigarettes a day; Both smoking and wasting money cost you life in equal amounts- Smoking subtracts from the end of your life, spending subtracts from the middle.

I’m not saying you shouldn’t spend money at all. What I am saying is that when you do spend money you better make damn sure that you are spending it on things you highly value. Money is a great tool that can be used to make your time adventurous and wonderful, butwasting money is the worst mistake you can make. You literally throw part of your life away.

Instead of cutting spending cold turkey, which will never work and is counter productive, simply take extra time thinking about every purchase you make before you hand over your hard earned cash. For example, I’m comfortable wearing $250 designer jeans by brands like Seven and True Religion because by spending a little extra time looking around I can buy them brand new for $30 ($220 difference = 17 hours saved from working my job). I can easily live with a $65 cell phone plan instead of a $110 plan ($45 = 3.5 hours saved each month). Instead of spending $35 on a steak at a restaurant, I can buy the same steak AND cook it better at home for $5!

I honestly ask myself before eating out at a restaurant and flushing an extra $30 down the toilet whether or not the experience will bring me enough joy to justify eliminating 2 hours of my life. Once in a blue moon it really IS worth it; There’s nothing wrong with splurging from time to time. But I know people who eat out like this every single day, and I can’t help but wonder if, in the end, it will really bring them the happiness they seek. Stop looking at a dollar like it’s just a piece of paper. Instead, focus on what you had to sacrifice to earn it- Your time, your life, your very being.

Sukanya Samriddhi Accounts and its 80 C benefits

Sukanya Samriddhi Account(SSA) is the flagship small savings scheme launched under the “Beti Bachao –Beti Padhao” Yojana of the Govt. The scheme is aimed at creating a financial security for the girl child for her future education/ Marriage expenses. The indirect objective is to discourage female foeticide especially in rural areas where the birth of a girl is seen as too much of a financial burden to handle. The scheme offers an attractive interest rate , tax benefits and convenience in account opening to ensure that the benefits are availed of by the people across India.

Sukanya Samriddhi Accounts


  • The account can be opened at 28 authorised banks at the branches offering PPF Accounts and all post offices.
  • The parent or legal guardian of any girl child in India can open the account after her birth and before she is 10 years old. There is a relaxation of one year given for this year .
  • Each girl child can have only one account and is the only account holder of the same.
  • A parent/legal guardian can open upto a maximum of two accounts which means that a third daughter would not be eligible for the account. However if the parents had triplets in the first delivery or twin girls in the second delivery then the facility is extended to the third child.
  • The documents required are minimal to facilitate a hassle free process of account opening. (Birth Certificate of the child, ID and Address proof of the depositor)
  • The account holder can operate the account once she reaches the age of 10 years.
  • The account can be transferred with minimal documentation to any location in India in case the child is relocating.
  • In the current framework NRIs cannot be depositors in these accounts.


  • The opening balance required for the account is Rs1000. All investments thereafter could be made in multiples of Rs100.
  • A minimum of Rs1000 has to be invested in a year and can go upto a maximum of Rs1,50,000 per year.
  • In case the minimum investment is not made the account becomes inactive. This can be reactivated by paying a penalty of Rs50.
  • The investments are to be made for a period of 14 years from the date of opening the account. No further investments are permitted after this.
  • Investments can be made by Cash, Cheques or Demand Drafts. No online transfer is allowed currently.

Interest Rate and Maturity

  • The Interest Rate offered for the year 2014-15 was 9.1%. It has been revised to 9.2% for 2015-16. This makes it a higher earner than the popular PPF which is currently at 8.7%.
  • Interest Rate would be revised every year in line with market yields of Government Securities.
  • The account matures after 21 years of account opening or at the time of marriage whichever is earlier. She is not permitted to operate the account after marriage.
  • A partial withdrawal of 50% can be made only after the girl attains 18 years of age for higher education.
  • The maturity proceeds are paid to the account holder only.
  • If the account is not closed on maturity the balance amount continues to earn interest as specified for the scheme.
  • The account could be closed prematurely if the depositor is unable to maintain the same by way of an affidavit with a valid reason, in which case the balance and interest earned is paid out to the account holder or in case of the unfortunate death of the girl.

Tax Benefits

  • Investments made in this account qualify for Income Tax Deduction under 80C on the Income Tax Act upto a maximum of Rs1.5lakh per year.
  • The scheme like the PPF is under the EEE model of taxation which means
  • Exemption on investments
  • Exemption on Returns
  • Exemption on Withdrawals.

This makes the account completely tax free in the hands of the account holder.

The scheme has received a phenomenal responsive with over 2 lakh A/Cs being opened.

The postal department has taken the lead in promoting the same. The banks have been slow in rolling out the scheme with PNB being the first to do so last month. Now that operational guidelines are in place we should see some traction going forward.

Consult an advisor – a finance planning solution in India to make correct decision for your girl child.

Benefits When Using Small Business Plan Computer Software

If you are planning to start a small business and find it hard to organize all the ideas within your head and to determine where exactly should you start, you definitely need a small business plan software package to aid you. It outlines the whole procedure for you. There are many reasons why small businesses have such a high failure rate in the first couple of years. One reason is lack of financial planning and resources….cash! The biggest non-cash reason why businesses fail early on is lack of a concise, well thought out business plan.

A small business plan computer software is essentially a computer application that guides and helps you create a competitive small business plan. Most of the essential areas are covered by the software program: from making a mission statement to drafting an executive summary and a business synopsis. It is possible to even use the application for financial purposes like cash flow projections, expense budgets and break-even analysis. You have to be careful with the computer software however. You need to make sure that you fully understand what is being asked of you and that you understand your business and industry inside and out.

What is nice about these tools is that you would be able to utilize them side by side pre-made small business plans. Let’s say, if you wish to start a Coffee Shop and Internet Café, then you can merely look for free downloadable business plans on the net and then use them as a pattern to start out your own business. This is already half of the things you should work out when starting.

As brought up previously, starting a business happens to be complicated. There isn’t a better means to start out than with the assistance  of a small business plan computer software. These tools are sold for as low as $50 and as high as a couple of hundred bucks. Nonetheless, if you are flourishing, the rewards could be greater than the cash you primarily spent. A business plan isn’t just a luxury that big business can afford, it is required if you are going to be successful with you new small business.

All About Managing Personal Finances For Success

Operating your money and personal finances is not difficult with just a basic understanding of the world of finance. Overcoming emotional stress in stressful occasions with this guide to personal finances, budgeting money, managing personal finances, using personal budget software or seeking finance help online is a critical action. Our financial guide offers great value in enabling you in all areas of money.

Most people don’t think of themselves or their lives as a business. But from birth to passing, you are in business for yourself, the business of you. How you choose to run your business is up to you. The same guidelines that apply to running a successful business also apply to leading a victorious life, both financially with your money and emotionally. Stress about money can affect your emotions negatively as well as your health.

Let me give you four important points of our guide from Personal Finances Online, to managing personal finances successfully.

•             Take extra effort in removing any emotion like dept anxiety or overwhelm from financial obligations worry over mounting bills and income. Removing emotional responses from your personal finance budgeting will be a work in progress, and you should always remain on guard for over active emotions. Taking emotion out of dealing with your finances will help you come up with positive solutions and solve problems more effectively.

•             Managing your personal finances on a regular basis rather than letting the admin tasks mount up is critical. That way you stay on top of where you are at, can change things, and make better decisions ahead of time rather than always being in reaction mode or putting out fires. Avoid decisions that would lead to bankruptcy like over leveraging your loans or taking on financial commitments you don’t know how you can pay back.

•             Devote yourself to developing greater skill sets like budgeting, planning and even using budgeting software. Managing personal finances like a business is about seizing control of your destiny, both with your finances and your life. Try to be like the great business leaders and attack your future with vigor and enthusiasm. Supervising your finances in this way, with boldness and a belief in their importance can have amazing results.

•             Don’t be withdrawn to use software to support you with your personal budgeting is a good idea because it contains spreadsheets that have everything in one place. You can see very quickly where your current state it, budget better, plan better, not to mention the time it will save you putting your own spreadsheet together.

The most effective personal finance software provides sufficient user-friendly features, allowing users to manage every aspect of their finances, including accounts, investments, future plans and taxes. Software will provide up to date information on tax laws and stock reviews to help you make knowledgeable decisions.

Bare in mind that proper budgeting of your personal finances is the beginning of good and sound financial management. There are lots of sites online and budgeting software can help you. Of course, this will not be possible without first your determination to manage your financial obligations without getting stressed about it.

Can Robots Be A Transformational Solution In Finance And Accounting?

In today’s day and age, robotics and automation are rapidly replacing various procedures that were otherwise performed by humans. The processes of finance and accounting, which are marked by their well-defined rules and precise timelines, are highly supported by automation by using Enterprise Resource Planning, Accounting, Business Intelligence Reporting software, and Business Process Management.

However, in spite of all of this, a certain amount of workload is still left over for staff to complete, typically associated with entering and updating information and moving the same between systems. This workload is cyclic, with end of month, end of quarter and end of year peaks.

Finance and Accounting Robotics Software performs all rules based on screen work, which frees up the staff to perform analytically-inclined work. If required, additional robots can be deployed to handle peak workloads, which greatly reduce the amount of time and overtime costs encountered during such circumstances.

Numerous Finance and Accounting departments have outsourced their simple tasks which involve rule-based transactions to business process outsourcers with offshore operations in countries where the cost of labor is significantly less; robots can now perform the same tasks at far lesser costs, thereby eliminating the requirement of management and contract oversight when dealing with outsourcers and allowing corporations to repatriate the work and save great amounts of time and cost.

Additionally, Auditing Robotic Software also function as an advantageous innovation within finance and administration departments; they can be trained to audit staff or other processes to ensure the compliance of activities to company rules and policies, as well as other regulatory requirements. Granted robots are fast, yet at the same time highly accurate, they can easily audit 100% of all critical activities in a similar fashion with efficiency far greater than that of humans.

The main advantage with Finance and Accounting Robotics Software, besides their speed and accuracy, is that they do not make human errors and perform exactly the tasks they have been trained to perform, with no fear of any kind of dark intent. Furthermore, every step performed by a Robot is recorded, thereby providing a complete audit trail and a detailed process data set utilizable for process and product analytics.
Finance and accounting groups also deal with numerous legacy systems, some of which come with the acquisition of other companies; these different systems need to be integrated and consolidated on a single platform. While large IT projects can be initiated to accomplish these tasks, they, more often than not fail to reach the expected mark, and leave a good amount of work for staff to perform on a regular basis. By replacing these IT projects with Robotics as the end solution, project costs, timelines as well as the workload on staff can be reduced significantly.

It should be noted, though, that the aforementioned are only some of the many benefits of Finance and Accounting Software and Auditing Robotic Software, in view of current practices in the field. Looking forward, the implementation of robotics can provide new innovative methods of performing accounting and finance-related tasks, as well as providing stakeholders with new services and business insights. Additionally, finance and accounting departments can achieve phenomenal cost reduction and thereby set an example to other departments functioning within business trying to reduce theirs.

Finance Software,grameen Software,shg Software,ngo Software

The Solution – MiFI:
The Design of MiFI software is made such that it is highly stable, scalable and reliable. Its highly efficient software algorithm would maintain its performance whether it’s deployed in a Small, Medium or Large Institution. The software was developed after an extensive research in the field of Microfinance Operations and interacting with the experts in the field both at finance level and at field level. The design objective was to develop a software that (a) Promotes Rapid Growth of the MFI/NGO, (b) Provide a stable technology platform, (c) Provide Very High Data Integrity. The software was put under intense computing test environments to ensure that its performance levels were maintained without a glitch. The Best Part of the design objective was to provide a very affordable – low cost solution that is made available to MFI/NGO ‘s of various sizes. Although the High-Tech Industry is so much advanced, the expense of procuring the technology solution has also grown exponentially. At Trinity Signal Technology, we want all our High Tech Solutions to be very affordable by all MFI/NGO’s. Our innovative technology solution is designed to reduce the cost of ownership and provide the benefits of technology to all consumers.MiFI can function effectively under the most unforgiving environments (like with no network connection, frequent phone/electricity shutdowns, etc). We understand the extreme environments under which an MFI has to operate and our technology solution is designed to consume less resource and still function efficiently. Since MFI/NGO operation is centered on the Head Office it is important to update the database changes to and from the field offices. We provide offline database updating methods at branch offices where network/telephone connections are not consistent. Where there are reliable network/telephone connections, we provide direct online updating method, which updates the head office database with the branch office changes with a click of a push button. For MFI/NGOs with good funding and more I.T budget we provide advance technology hardware like Fingerprint readers, SMARTCard/RFID readers to improve field level data integrity. For other MFI/NGO consumers we provide software base validation algorithms that ensure high levels of data integrity. We provide online access to MiFI Server, where the MFI/NGO can view reports online and monitor the operational efficiency of the Institution. This allows the flexibility to access the reports from anywhere in the world. If required, MiFI can also provide online access to the Funding Agencies that would want to monitor their fund utilization efficiency (or) fund performance. This interface would improve the level of confidence the Funding agency has on the MFI/NGO and that could lead to increased funding and increased growth for the MFI/NGO.
The Benefits:
Promotes Rapid Growth.
Better Fiscal Control
Reduces Overhead Costs.
Reduces unnecessary redundant work and helps re-organize the work force efficiently to increase the growth and performance of the Organization.
Highly Flexible and Customizable.
Improves Field Level Operational Efficiency.
Helps Institutions Provide a Better Service to their Customers.
Provides higher levels of data security and integrity.

The Features:
User-friendly Interface
The Graphical user-interface is designed to be extremly simple and provide a consistent look and feel to the end user.  It is aesthetically designed with pleasant colours so that it does not cause much of a train to the eyes. Its design is targeted toward easy learning and pleasant user experience.
Maker / Checker Feature
Ensures that every entry is verified and checked by a higher authority, a process called authorization. Entries that are unauthorized are not processed further. Although this process is tedious, it ensures the correctness of data that is entered.
Group Management Features
Helps the Field Development Officers (FDOs) to monitor Group meetings and Group Attendance, thereby improving operational efficiency. The FDOs can also handle Group Transfers with ease
Built-in Business Intelligence
MiFI incorporates business intelligence features such as Performance Analysis, Risk Analysis and Profit & Loss Analysis which enables the management to take vital decisions and plan their strategy
Comprehensive MIS reports
Provide Online and Offline reports for the management and funding agencies to view the current status of the financial information. Enables the management to effectively monitor the performance of their team.
Ensures that the data is secure, as the system does not allow unauthorized users to access the data and manipulate it, thereby preventing fraud and mis-representation of financial data.
Technology Integration
MiFI can also be integrated with
Finger Print Readers.

Budget Software Reviews of the Best Financial Software

Budget software reviews save you the time to search, compare, and try to figure out what’s the personal finance software available. With today’s programs you easily learn how to make a budget, reduce your debt and keep track of your personal financial planning. Keeping your finances organized saves you time, improves your financial future and gives you peace of mind.

These are what we consider the best personal budgeting programs:

Mvelopes – is quite different from its competitors. It incorporates an improved envelope system where you divide your income into “envelopes” assigned for particular bills and expenses. Their website is user-friendly and includes many features to match your personal needs. Their personal finance software allows you to enter all of your bank accounts and keeps track of your net worth

With Mvelopes you can link to thousands of financial institutions making it easier to keep your balances up to date without the need to balance each account. You don’t need to download and install personal finance software, this way you can have access to your personal budgeting from any part of the world. With the money you’ll save each month, Mvelopes will pay for itself in a few weeks. The program includes their famous “Top 10 Tips for Getting out of Debt”.

Note: We found out that Mvelopes is more advanced therefore; it will take you a little longer to learn. Their plan has repeating fees based on 2 year, 1 year, and quarterly subscription plans, but you’ll really learn how to make a budget.

You Need A Budget – is like a basic “envelope” system and provides plenty of features. With this program you only spend money you already earned instead of money you will earn in the future. This is very useful especially if you don’t have a steady income. Their personal finance software comes with 3 worksheets with instructions and explanations.

With this system you’ll know how to make a budget easily in a few minutes. After you install the software, you’ll need to update and review your personal budgeting only a few minutes each week based on their four principles.

Note: You Need A Budget is more user-friendly than Mvelopes, however it’s not compatible with Apple (yet). With your purchase you’ll get FREE: 5 spreadsheet bonuses, training support and the “The YNAB Way eBook”. YNABdoesn’t do an automatic upload of your financial transactions and category assignment, and has no bill pay functionality. On the other hand it has a one-time only payment.

Quicken Deluxe – here you’ll find a solid personal finance software whether you’re a novice or an experienced user of budget planner software. Manage your investments, savings, and classify your expenses efficiently. If you’re part of a starting family and are trying to save money for a new home, college fund, or other costly items, Quicken Deluxe is perfect for you.

“My Savings Plan” is a new upgrade very useful if you have problems setting money aside each month. Their new Bill Minder Gadget (Windows Vista) is a Desktop window to remind you of any overdue bills, and other money transactions. Their system links to more than 5,300 financial institutions, including PayPal.

Note: Quicken Deluxe does not offer import/ export for data of investment accounts, and it’s also a more complicated tool than YNAB. However, Quicken Deluxe is a better personal finance software for tracking your net worth and investments.

FinAcc – Pawn shop software, pawnbroking software, gold finance software, pawnbrokers

FinAcc being a trusted comprehensive solution for Finance business, have now launched FinAcc- for gold financiers or pawn brokers. This pawn shop software has come up with lots of features which completely vanishes you manual redundancy work, enabling you with high security for your datas. No more manual books are registers need to be maintained in yourpawn shop business. FinAcc’s advanced statistical and graphical reports gives you the complete insight into your business and a sharp eye into your business ups and downs. Its user friendliness capabilities makes you interact with the software easier and comfortable.

Finacc’s one touch capabilities with rapid working speed gives you fast analysis of customers, loans and auction status loans. FinAcc is fully integrated with financial accounts and avoids the need for seperate accounting packages. FinAcc’s customizable features helped us to establish our customer base in all parts of the country. Some of the major locations our software implemented successfully are Coimbatore, Chennai, Bangalore, Mysore, Hyderabad, Delhi, Erode, Salem, Madurai, Tirunelveli, kerala. FinAcc applies best technology in the market and adapts few near future technologies that keeps pawnbrokers on the edge of updated technology. It keeps you live even in your absence in the pawn shop. FinAcc’s mobile enabled modules keeps you updated about the status of your businesss instantly, no matter where you are. Its advanced security restricts the user for any kind of mishandling, and these kind of mishandlings are immedietely
updated to you with mobile enablity. FinAcc enables pawnbrokers for multiple interest maintenance.

FinAcc’s Image capture capability of customers,SMS alert facility and Finger print tracking features are stand out features in the market.

FinAcc has undergone various levels of testing and are 100% bug free. FinAcc offers free demo for all pawn brokers with no restrictions in the software.

You can visit for more details about the software and downloading free demo.

EMail us or call us for more details about the features and live online demo and free usage in your computer.

Mail us for other articles like how to start a pawn shop business, pawn shop business plan, future of pawn broking business, pawnbrokers to keep in mind, how to compete with corporate gold financiers etc.,

Finance Jobs – Myths about Finance Job Opportunities

If you have the will to work in a more satisfying field, general finance could be the answer. The jobs in this field are many including accounting, financial management, banking and real estate among others. The jobs in the financial sector are stable and rewarding. Getting jobs in the financial sector is relatively easy because many organizations seek for finance professionals. The job opportunities available include the following.

1. You can get jobs in commercial banking by working in banks. Banks offer services to all members of society and they employ many people than any other financial sector. If you get a job in banking, you will find it interesting because you will be able to interact with many people and get a lot of experience in client relations. You can find many commercial banking jobs that will pay well.

2. You can also get jobs in corporate finance. They will give you the role of managing money transactions for an organization, acquiring funds and planning future interests of the organization. This kind of job would be good for you if you have good analytical and problem solving skills. You will make them work for you and get financial reward. In case you get employment in a multinational corporation; you will have a stable well paying job. You can also join upcoming small businesses for they will give you the opportunity to grow with them and find yourself in a good financial management position.

3. The other opportunity you have in general finance is working in the real estate field. This field offers many job opportunities such as in construction, leasing, brokerage, property appraisals and development among other opportunities. Jobs in real estate offer challenges but they are very rewarding and interesting.
4. You have the opportunity to become a financial manager. Financial managers use historical data to guide them in making business decisions. If you get such a job, your responsibility would be to oversee financial analysis report production that enables organizations to make decisions, plan business development and perform strategic planning and alliance management. Financial managers help organizations shape business growth and investment.

5. The other job available in general finance is to work as a corporate controller. This job involves preparing financial reports of an organization in order to know the financial status of the organization. A corporate controller covers statements such as income statements, balance sheets, earnings analyses and expense analyses. The other responsibility of a corporate controller is to prepare special reports that Regulatory agencies require from organizations.

6. You also have the opportunity to find a job as an accounting manager. The degree that will lead you to this job is an MBA in finance. The responsibilities of an account manager include tax reporting, creating income statements and management among other responsibilities. You can gradually advance your career in finance and reach to this position.

7. The other job in general finance is the Chief Financial Officer or CFO. The CFO ranks as the top financial officer in an organization and the responsibilities of this position include supervising all financial and accounting operations. The other responsibility of the CFO is to administer company financial strategies and policies.

Finance Jobs – Top 10 Skills Needed in Finance Jobs

In businesses I’ve observed, Finance departments often face silent derision or disrespect. Part of it is an us-versus-them mentality that comes out of the front office staff who feels their jobs are more difficult because they deal with customers (compared to Finance, who deal with numbers). And no one from the front office sends memos to the back office saying “please spend less time crunching the numbers” but it can feel like the back office is constantly memo-ing the front office with “watch this expenditure” or “spend less on client lunches”.

Unfortunately, this view is supported by management at all levels that give Finance the nasty job of accounts receivable, the inputting-heavy job of accounts payable, and the dull job of budget forecasting. Compared to the highly creative marketing department and the edge-of-the-seat, in-the-trenches feeling of the sales department, finance is like the broccoli side dish on a plate of steak and fries.

But it doesn’t have to be this way! Finance departments shouldn’t be relegated to the back office in the hopes that their sharp pencils won’t poke a customer in the eye! Finance departments can and should play a far more important role in the organization. Here are some ideas. Finance should be more about business strategy than number prophecy. When the Finance department hounds the sales managers to get in their budgets and then turns them around for a final target budget for the year, their role is reduced to mere numerical interpreter. But what if Finance sat down with sales and talked to them about how their numbers connected to expected outcomes? Finance should be more about opportunity. Many sales managers have some limited view into which customers are sending business. But the view isn’t always perfect. Or complete. Finance should get involved to show how a customer is really impacting the business’ bottom line. If Finance and Sales talked to each other, Sales might be shocked to discover that their biggest client is actually less valuable than expected because of the amount of work involved in keeping them as clients. Finance should be selling, too. When Finance gets the job of following up on accounts receivables, they can potentially do more harm than good. Finance people are highly skilled at numbers, and they might be good “people-oriented” staff, but they are rarely trained in the art of sales. However, when a Finance person, tasked with accounts receivables, gets adequate training in receivables AND customer service AND sales, their success rate at getting the receivables paid can increase, but so will their success rate at winning more business.

There are so many more opportunities, too. Businesses should be using their accounts payable list as a prospecting list. They should be temporarily swapping roles between Finance and Sales for brief “see-how-the-other-side-does-it” days to enable new appreciation and new connections. Finance should sit in on sales calls to see why Sales sometimes feels like they need to bend the rules to close the deal (and Sales should shadow the work of Finance so they know what work needs to happen at the back-end if they don’t assess risk adequately during the sale).

Islamic Business Finance

The financial crisis, that broke out in August 2007, was considered to be the worst in the post war period. Representing the collapse of trillions of fictitious credit derivatives and the meltdown of uncontrolled credit growth. There is only one solution left is that only islamic banking for to save banking system.

The Quaran prohibits gambling (games of chance involving money). The Hadith, in addition to prohibiting gambling (games of chance), also prohibits bayu al-ghararg (trading in risk, where the Arabic word gharar is taken to mean “risk”).

The Hanafi Madhah (legal school) in Islam defines gharar as “that whose consequences are hidden.” The Shafi legal school defined gharar as “that whose nature and consequences are hidden” or “that which admits two possibilities, with the less desirable one being more likely.” The Hanbali school defined it as “that whose consequences are unknown” or “that which is undeliverable, whether it exists or not.” Ibn Hazn of the Zahini school wrote “Gharar is where the buyer does not know what he bought, or the seller does not know what he sold.’

The modern scholar of Islam, Professor Mustafa Al-Zarqa, wrote that “Gharar is the sale of probable items whose existence or characteristics are not certain, due to the risky nature that makes the trade similar to gambling.” There are a number of Hadith who forbid trading in gharar, often giving specific examples of gharhar transactions (e.g., selling the birds in the sky or the fish in the water, the catch of the diver, an unborn calf in its mother’s womb, the sperm and unfertilized eggs of camels, etc.). Jurists have sought many complete definitions of the term. They also came up with the concept of yasir (minor risk); a financial transaction with a minor risk is deemed to be halal (permissible) while trading in non-minor risk (bayu al-ghasar) is deemed to be Haram.

What gharar is, exactly, was never fully decided upon by the Muslim jurists. This was mainly due to the complication of having to decide what is and is not a minor risk. Derivatives instruments (such as stock options) have only become common relatively recently. Some Islamic banks do provide brokerage services for stock trading and perhaps even for derivatives trading.

Three Ways To Obtain Business Finance Money

Business finance money is a necessity for the beginning small business as well as the large, thriving corporation and practically every type in between. Every company has to address the issue of where they are going to financial resources they need to maintain their operations. A brief consideration of the question yields at least three primary answers to the dilemma that most businesses will face. It should be instructive to highlight these ways briefly so that you have a better idea of what is involved.

First, one of the most obvious ways bigger companies obtain financial assistance is through selling shares in their companies on the stock exchange. This also called equity financing. This option not only handles some of the pressing monetary needs of the company by receiving money from each shareholder when they purchase shares. Each shareholder then has an interest in the company and is paid interest the shares they bought. This interest is called dividends.

Businesses can also use debt financing. This method is simply another way of saying that you must seek business finance money by borrowing it from outside financial institutions like banks and credit unions. This form of financing is common with businesses of all types and sizes. A business will most likely some sort of loan to in the beginning since useable capital may not be readily available to the investors, entrepreneurs, or proprietors. Debt financing via loans is by far the most common of all types of financing. There is another type of debt financing that is not always considered when search for business finance money.

Debt financing can involve the issuance of bonds. While bonds are similar to stocks that are issued by companies, bonds are counted as liabilities to the companies since they are like getting loans from investors. At the same time, investors are the ones who typically choose bonds since they are less risky to invest in than stocks. Bonds provide a set interest rate that is paid to the investor while the principle is protected even if all else is lost to changes in the market. Basically, the company issues a set number of bonds and if all are purchased, they get that money up front to use for the pre-determined purpose then they will have to pay the investors back for their assistance.

These methods of financing are the basic three methods used by most companies to obtain business finance money, but with some risk involved.

Small Business Finance – Recent Trends For Commercial Loans

There were both positive and negative developments for business loans during 2007. These will have an immediate impact on business financing strategies for borrowers.

When reviewing commercial loan developments that occurred during the past 12-18 months, there are mixed results when looking at the best and worst trends. Many of the working capital changes that emerged last year have important ramifications for borrowers refinancing or seeking new financing.

A major commercial property investment trend has been some increasing activity due to the current decline in viable residential investing options. This seems to be particularly true for business opportunity situations which do not have a real estate component, an aspect of increasing importance to investors who want to avoid property ownership at this time.

For business cash advance and credit card processing services, the past 12 months have been characterized by significant changes. There were many providers both entering and exiting these business activities. It is of course good news that some ineffective providers were forced to leave this specialized working capital management service area. But the bad news is that there are still many new and inexperienced companies attempting to operate in this complex field.

A similar trend involving inexperience can be seen in viewing the large number of residential financing brokers now attempting to transition into business financing. Since by some estimates well over 100,000 residential financing employees lost their jobs during 2007, there is a real possibility that thousands of unqualified brokers will be entering the business finance field during 2008 or have already started the process.

A general business loan trend impacting refinancing is the reduction in loan-to-value ratios, especially when borrowers are attempting to get some of their equity out of the business in cash. For purchase situations including special purpose properties such as church financing, slightly larger down payment requirements are increasingly more common.
During 2007 there was also noticeable attrition in SBA loan providers. This is primarily a positive development, since the field has long been overpopulated with inadequate business lenders.

Likewise many local and regional banks visibly reduced or eliminated their business financing activities during the past 12 months. The bad news about this trend is that very few former commercial lenders provided their borrowers with adequate notification of their intent to exit the business. If there is a positive aspect to this development it is probably that many borrowers confronted with the need to suddenly find alternative commercial financing sources have often ended up with much better terms by dealing with a new lender that specializes in commercial real estate financing and working capital management.

Although the general decrease in interest rates during the past year is a positive development, there will probably be some confusion among commercial borrowers who have adjustable rate terms when they do not see their rates reduced. In all likelihood, this will be due to a common clause applied to most commercial loan contracts that stipulate that the minimum rate for such agreements will never be less than the initial rate. With such a floor rate provision, this means that if a borrower starts with an adjustable rate set at 10% and then rates fall, the effective loan rate will remain at the initial rate.

A Stepping Stone towards Business finance with QuickBooks Tech Support Phone Number

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QuickBooks software program is authorize training and counsel program to learn how to take advantage of extremely advanced functions and distinctive attribute of QuickBooks software.Business man should initially feel certain that any skilled professional considered is fully authorize by QuickBooks software. The known software companies have full extensive information about training programs that experts are able to take a part in to increase their skills and be esteem as a ProAdvisor upon completion. Most dedicated professionals promote this suggestions which is advantageous in being able to ensure their skills are corporative and fully effective as needed. Get whole ideas using help of QuickBooks Tech Support Phone Number for your purchased QuickBooks Accounting Bookkeeping software.

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The Future of Finance Jobs

In the not so long-gone past, many career advisers were advising young people seeking to start out a career to go into finance. The financial markets were doing well then, finance jobswere in plenty and MBA schools were bursting with young students seeking to build a career in finance. And the finance jobs were, of course, not limited to the financial markets. With a strong economy, finance graduates who couldn’t get jobs in the financial markets and investment banks could quite easily be absorbed into commerce and industry accounting jobs. Other would get middle office finance jobs in the public service, and going was good.
Then the bubble burst.
The economy went into recession mode, the financial markets shrunk and finance graduates who had taken up jobs with investment banks found themselves facing the axe, as the investment banks are the worst affected by turmoil in the financial markets. And as if on cue, companies, in a bid to cut costs, were also cutting on their head counts, thus also shaking the fortunes of the finance graduates who found commerce and industry accounting jobs in the private sector. In the midst of all this, it seems that the only secure finance graduates are those who took up middle office finance jobs in the public sector, but even this is not fear-proof for we do not know for sure what the full effects of the economic turmoil will be on civil service staffing.

So in the face of all this, what is the future of finance jobs?
It might seem counter-intuitive to say, but the future of finance jobs is still bright, in spite of the current turmoil in the financial markets. As it were, economists tell us that the current economic turmoil is largely short-term to medium term, which is to say that it won’t be with us forever. Which means that the people who chose to pursue a career in finance need not regret their choice, as better times are coming. But even before the better times arrive, the people with finance backgrounds who are currently getting laid off might not find themselves in the cold for too long.

As governments unveil the various economic stimulus plans, there will be need for people to manage the money as it goes into various sectors – which translates to some finance jobs. Of course thefinance jobs created in this way will be for the best brains in finance.
And then there is the fact that all companies, like human beings, have a native survival instinct, which they are likely to find handy in these hard economic times.  One survival strategies for companies in crises is to hire the experts who are likely to navigate them through the particular crises. And since the current crisis is financial, the companies are likely to find themselves hiring financial experts to help them address the economic crisis. Of course, the companies are not likely to be overtly looking for finance experts to help them address the financial crises. What we are likely to see is an increase incommerce and industry accounting jobs, but the accountants so hired are bound to be almost exclusively tasked with cost and revenue management tasks, geared towards helping their employers sail through the turbulent times successfully.