Category Archives: Financial

Accountancy Candidate Recruitment Key To Effective Financial Management

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Indeed, managing its accounts and finances is of the crucial importance for any organisation irrespective of its nature and size. And this is where the Accountancy Candidate Recruitment becomes indispensable for an organisation. The Accountant takes care of the accounting system of the organization and enables it to have effective financial management which is one of the prerequisites for the overall development of an organisation. This write-up focuses on an accountants core responsibilities making it vital for any organisation to opt for Accountancy Candidate Recruitment.

Core Responsibilities Of An Accountant:

Contributes in the development and implementation of the organisations accounting system in compliance with the established accounting principles and auditing procedures.

Prepares and supervises categorical program reports and grants to lessen the agency disallowances.

Examines the categorical program and grant expenditures for conformity with the district policy so as to ensure the acceptance of reports.

Checks the categorical reports and grants for appropriateness of expenses to enable the auditing procedures

Supports in the preparation of yearly district budget for categorical programs and grants to ensure that the expenses are balanced to the revenues.

Prepares monetary year-end concluding entries so as to facilitate clean audit.

Arranges and interprets the reports related to grant expenses to the district program managers in charge.

Interprets accounting policies and set of laws from the Local and Federal agencies.

Serves as link to the granting agencies and district departments to obtain and provide constant information regarding the regulations.

Arranges financial statements and reports, and studies them to provide chronological information, exact fiscal projections and reports, etc.

Manages the record of financial transactions such as deposits, journals, transfers, etc. and verifies and posts the closing entries in the end of the fiscal year for preparing the yearly financial accounts for reporting and auditing purposes.

Analyses and interprets the investment activity; assigns dividends, interest, losses, gains, fees, and beneficiary payments; for preparing yearly financial statements.

Evidently, an accountant has a crucial role in an organisation. Thus the selection of an accountant must be done carefully and if needed professional assistance of a recruitment agency should be taken.

McBarron Wood International is counted amid the Best Accountancy Recruitment Agency in the UK. It is specialised in rendering services such as Finance and Accountancy Recruitment, Group Finance Recruitment, Executive Recruitment, Financial Management Recruitment and Executive Search Services. Visit http://www.mcbarronwood.com and find the best solution for Accountancy Recruitment in London.

Solve The Problems Of Solvency Ratios By Online Tutoring

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These rates are measured to determine the ability of a firm to pay off its long-term reasonable responsibilities. Some people call them as long- phrase solvency rates. Important solvency rates are (i) reasonable financial obligations value amount (ii) finish sources to reasonable financial obligations amount (iii) unique amount.

(i) Debt value ratio
Meaning: this amount indicated the relationship between long- phrase reasonable responsibilities and the value (or traders fund) as such this amount is worked out by breaking long- phrase reasonable responsibilities by traders financial.

Formula: reasonable financial obligations value amount = reasonable financial obligations / value or long phrase reasonable responsibilities / traders sources or external sources / inner funds
Factors:

(a) Debts are long-term responsibilities having maturity after one year. It is also known as long- phrase sources (or external funds) debentures long-term loans form bank and financial companies and public deposits are examples of long-term reasonable responsibilities.

(b) Investor funds: it denotes the sum of preference talk about reasonable investment value talk about reasonable investment general reserve reasonable investment reserves securities premium balance and credit balance of income and loss A/c etc. by bogus sources (if any) like preliminary costs talk about problem costs discount on problem of share/debentures underwriting commission etc. should be deducted.

Alternatively it can be measured as non-current sources + existing sources existing liabilities

Significance: the reasonable financial obligations value amount of 2: 1 is the norm accepted by financial companies for financing projects it means reasonable financial obligations could be twice the value. This quantity reveals the comparative quantity of economical provided to the company by visitors and by the entrepreneurs. A low reasonable financial obligations value amount implies a greater claim of entrepreneurs on the sources than the loan companies in the organization. It provides security to loan companies on the other hand a high reasonable financial obligations value amount indicated that the claims of the loan companies are greater than those of the owners; it is taken as negative sign.

(ii) Total sources to reasonable financial obligations ratio
Meaning: this amount shows the relationship between finish sources and the long phrase reasonable responsibilities of the organization.
Formula: finish resource to reasonable debts amount = complete resources debt Factors
Factors:
(a) Total sources (tangible) contains all fixed sources, reasonable investment and existing sources but excludes bogus sources (if any). Investment contains business reasonable investment into shares or debentures of another organization for the purpose of promoting its own business or organization.

(b) The reasonable responsibilities (long phrase debts) have already been described in the context of reasonable financial obligations value amount.
Significance: this amount measures the proportion of finish sources borrowed by long-term reasonable financial obligations. The greater amount indicated that the level of inner ownership is more in income generating activates of an organization and versa.

Alternatively, a better way of making the amount is reasonable financial obligations to finish sources. In that case take reasonable investment employed (internal sources + external funds) instead of finish sources. This would give the level f organization belongings to guests. In fact, it will become the reciprocal of unique amount.

(iii) Proprietary ratio
Meaning: this amount indicated the relationship between value (shareholders fund) and finish real sources and is measured by breaking the traders financial (equity) by finish sources.
Formula: unique amount = traders sources or net worth / finish assets
Factors: both terms traders financial and finish sources (tangible) have already been described.

Significance: normally, unique amount attempts to indicate the part of finish sources borrowed through traders financial. A high unique amount is indicative of strong budget of the organization. The greater the amount, the better it is.

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Advantages Of Certified Financial Planner Designation

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Certified financial planner designation is a sophisticated certification for professionals in the field of financial investment and financial planning education. The curriculum for cfp certified financial planner is usually comprised of three levels of exam that assess almost your every level of learning. It requires lot of moral values and hard work within you it needs self-study too. The cfp certified financial planner who is entering into the field need to maintain high level of time management and competency.
The certified courses offered by financial planning education institutes are globally accepted from a long ago and they provide quite rich advantage of certified financial planner designation. Certified financial planner designation is considered as the highest degree amongst professional designations in the field of financial planning education. The certified financial planner designation is advantageous for both the cfp certified financial planner and the institute as well. The financial planning education course provides advantage in several ways to the institute such as curriculum, the standards and recognition and the competencies.
A certified financial planner designation helps people to select the best financial program and guides them to select the best investment and planning tool for the best allocation of their possessions. A skilled professional can sell the financial products well and can help the business to catch the attention of the major amount of customers.
There are numerous advantages of being cfp certified financial planner; some of the advantages are discussed below:
Cfp certified financial planner has global and highly competitive edge for employment in financial planning education industry. The institutes would always want to hold on their cfp certified financial planner as in recession it becomes very hard to re hire highly competent and experienced certified financial planner designation. The cfp certified financial planner has high level of competency and skills because of the extensively practical curriculum. Because of the wide spread network of certified planning education, even a common individual now has access to state-of-the-art information regarding financial markets across the world.
The cfp certified financial planner has extreme level of financial planning education, experience and ethics. The professional standards make the reach of certified financial planner designation more advanced and conspicuous. A cfp certified financial planner is not only taught technical education but he has also been thoroughly taken through extensive ethical and leadership trainings, which is needed to take an organization towards the high edges.
As the cfp certified financial planner has been taken though high valued ethics and professional conduct, he/she would get along with your customer is quite good manner. Their behavior will attract more customers towards your business and hiring certified financial planner designation will act as advantageous tool for your marketing campaign.
Many of the big investment banks and financial service providers choose to employ certified financial planner designation in order to have highly skilled and educated professionals working for them and dealing with their customers. The cfp certified financial planner works at ground level with public and help you attract more amount of potential customers.
Hire the cfp certified financial planner for dealing with your customers and conducting the effective marketing campaign and enjoy the advantage of certified financial planner designation. You will get state of the art professional skills for your business if you will hire cfp certified financial planner for your business.
The certified financial planner designation is always motivated to serve the clients with high proficiency and provide the best financial advice and financial guidance. Many financial advisors sell the insurance and financial products, but a highly cfp certified financial planner adds extra value in selling of your securities. For more information visit http://www.financialplannerprogram.com

Changing Landscape of Financial System

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Changing Landscape of Financial System Ajay Singh Chief Executive Officer Forbes Technosys Ltd

-The Forbes platforms is highly efficient can be readily linked with the Aadhaar Enabled Payment System,- says Ajay Singh. In Conversation with Mohd Ujaley.

You have a strong focus on BFSI sector. How do you look at some of the key flagship programmes of the government such as Direct Benefit Transfer (DBT) and MNREGA? Forbes Technosys Ltd has a wide range of solutions for BFSI sector, all of which are designed with latest technology and by ensuring security standards that are in line with the changing landscape of banking and financial systems. To facilitate the cause of Financial Inclusion, MNREGA and DBT, we have developed an entire range of both centralised and doorstep delivery solutions, which can be utilised depending upon the requirements of the government, and the accessibility related factors in the remote areas. Forbes has installed centralised delivery solutions, which aim to provide solar energy to the rural areas and also provide wide range of banking and other services. A large number of other government schemes can also be linked through these solutions, thereby increasing the viability of these solutions. We are also delivering doorstep solutions which are specially designed for use by BCs in remote areas to provide basic banking services. To increase the scalability of Forbes Solution range, all the Forbes platforms have been provided with multifactor authentication systems, which can be readily linked with the Aadhaar Enabled Payment System (AEPS).

You have been working for the government for quite some time now. How has been your experience? Other than BFSI domain, we are catering to sectors like power and telecom. We have deployed self service bill payment kiosks in almost all the major power utilities and telecom companies.More than `1000 Crores is being collected annually through our systems. Forbes Technosys has Government (DGS&D) certified information kiosks and various G2C (Government to Citizen) kiosks, which are deployed at various Municipal Corporation and Government departments like Tourism, etc. Our ATVM (Automatic Ticket Vending Machines) and POET (Passenger Operated Enquiry Terminals) machines are active in majority of metro railway stations. Forbes Technosys has developed Enterprise Mobility solutions and Canteen Management applications. We cater to many PSUs, which have large employee base. We have also developed HR leave management solutions and tourism kiosk. These kiosks can act as point of information and action for employees of those organisations and also for the visitors. Forbes has also developed cash and cheque collection solutions for insurance companies, and tax departments. For environmental awareness, Forbes also has developed Carbon Footprint Kiosks, which are placed at various government institutions, thereby offering a unique experience to visitor, for calculating his Carbon footprint and making him aware for reducing these. We have developed self-service solutions, through which citizens can interact with the government departments.

In order to facilitate financial inclusion of people from remote areas across the country, government has developed the plan to introduce micro-ATM and Business Correspondents. Do you see this space as a business opportunity? As a first step towards driving these unbanked masses into the banking stream government is looking for various initiatives like micro-ATM, Business Correspondents, etc. This is indeed a noble initiative and it will help in bringing more transparency in the way financial subsidies are managed. However, the system has its own constraints. In my opinion, the best possible way to check leakages and ensure safety of the payment system is through Electronic Cash Transfer. In this case the beneficiary gets access to his entitlement only after authenticating himself through the Aadhaar Enabled Payment System.

Aadhaar is indeed a revolutionary step forward, however de-duplication of the data seems to be the biggest challenge. What is the best way forward? The data captured through the Aadhaar System should be linked with different government organisations like banks, NIC, Police department, Municipal Corporation, RTO etc., for maximum advantage. The data captured should be fragmented and disseminated to the involved government departments. The government should also promote and deploy self service platforms and solutions, which are based on biometric authentication along with user account details, this will certainly lead to more efficiency and transparency.

How To Prepare For The Investment Banking Interview

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It seems that the investment banking industry has narrowly escaped Armaggedon and the survivors are waiving the bonus flags again. Intern classes are getting bigger and Business Week reported that Goldman Sachs has reclaimed the top spot as the most popular employer among elite MBA students again. If you are a career switcher and one among many MBA applicants dreaming of joining Goldman Sachs or another bulge bracket investment bank for the summer internship, this article is for you. Below we provide an overview of an investment banking interview and explain why its important to prepare in advance. This is especially true if you are a career switcher.

There are several types of questions which you are likely to be asked in your interview. They include career questions, educational questions, competency questions, fit questions, technical questions and industry questions.

While its difficult to predict which questions exactly you will be asked, there are four questions which will appear in any investment banking interview:
– The WMTYR (Walk me through your resume)
– The 3 Why’s (Why investment banking? Why our bank? Why (should we hire) you?

The answer to the first and the second questions may be quite similar to those you provided in your MBA admission interviews. Answer to the third question is a little bit more complicated and will require specific preparation.

The usual reason for interest in any specific investment bank include: (a) a strong platform, which means strong coverage teams, diverse offering of advisory and financial products, many interesting deals and opportunities to learn (b) a strong presence in specific markets or industries (c) and the most important, tons of wonderful and smart people with whom you talked with during your recruiting process and whom you really made a connection with. Networking is a critical component for your interview preparation but we will discuss this area in one of our
future postings.

Why (should we hire) you? To answer this question you need to reiterate your main strengths, interest in a specific bank and a great fit you feel for the bank you are interviewing with.
You should prepare for this question especially well as a banks approach to this question will usually be that a person who cannot sell himself cannot sell the banks products and banking is definitely a sales job.

Good to know Other challenging fit questions examining your understanding of the
investment banking can be:
– What does an investment banker actually do?
– What is the role of an associate in the investment banking?
The answer to the first question will usually go in the following way:
An investment bank serves as intermediaries between their clients
who need capital in the form of debt and equity
It provides strategic advisory services by structuring transactions
that meet clients needs and objectives
Overall, Investment bank works with companies on the transactions
that will enhance their value. This may include accessing capital
markets to find growth or expand operations, as well as investing in another
company through merger or acquisition. Banks are not only the
matchmaker between parties involved in a transaction, but also the primary
architects of the deal.

A typical answer to the question about the role of an associate will
go like this :
Analyzing industry and company data related to the transaction
Building excel models to valuate companies
Joining strategic meetings
Performing due diligence meetings with the clients
Creating, editing client presentations
Monitoring, paying close attention to documentation associated with
the deal (prospectus, internal memos)
Managing relationship with an analyst
The most important attributes that an associate should have are:
quantitative skills, the ability to learn quickly, discipline, a strong work ethic, the ability to
work in teams, detail orientation and dependability.

While answering competency and behavioral questions you should be structured and succinct. Banks like well organized and structured thinking and will quickly dismiss candidates who ramble or cannot distinguish important points from the less important ones. We recommend creating 3 bullet points for each of your answers and putting them on the paper in advance. Practice your answers with friends and be sure that your story is consistent and flows well before the interview.

The technical part

The technical part of the interview will test your familiarity with the accounting and financial terms. This will definitely require thorough preparation even if you study at one of the top MBA programs . First of all you will need to be familiar with the financial statements and their analysis. The profit and loss statement, the balance sheet and cash flow statements are all fair game in the interview.
Secondly, you will need to have a basic understanding of the company’s valuation methods. You should be very familiar with terms such as cost of capital, cash flow discounting, multiples, accretion and dilution, LBO, CAPM, WACC and Beta.

You also may be asked how M&A and IPOs work and even be given a case study on a business situation. It is strongly recommended that you start b-school having at least a basic understanding of accounting and finance.

Here are some books that can help you.
VAULT Guide to Finance Interviews by D. Bhatawedekhar, Dan Jacobson,
and the Vault Staff
Vault Career Guide to Investment Banking by Tom Lott, Derek Loosvelt
and the Staff of Vault
Heard on the Street by Timothy Falcon Crack.
Valuation: Measuring and Managing the Value of Companies by Tom
Copeland, et al, John Wiley & Sons Inc
Valuation: Measuring and Managing the Value of Companies
by McKinsey and Company
Financial Modeling, 3rd Edition (Hardcover), Simon Benninga

In the industry part of the interview the interviewers will test your understanding of the industry and your professional interests.
You will be asked about financial news and trends, current articles related to investment banking, discussions of the economic environment and economic trends, trends in M&A and definitely about specific deals.

To be prepared for this part of the interview its advisable to start reading financial and economic newspapers and journals. The Wall Street Journal, FT and Economist are good sources to gain relevant knowledge.

A couple of additional hints:
– Know recent interesting deals executed by banks with which you are interviewing.
– Talk about deals with passion the interviewers will test not only your level of knowledge but also your passion for IB
– And finally, always read the news in the morning before your interview

Some additional books to better understand investment banking before your interview include:
The Business of Investment Banking: A Comprehensive Overview , by K.
Thomas Liaw
Blue Blood and Mutiny: The Fight for the Soul of Morgan Stanley , by
Patricia Beard
The Last Tycoons: The Secret History of Lazard Frres & Co. , by
William Cohan
The Accidental Investment Banker: Inside the Decade that Transformed
Wall Street , By Jonathan Knee
More entertaining books include:
Barbarians at the Gate , By Bryan Burrough and John Helyar.
Bombardiers , By Po Bronson
Monkey Business: Swinging through the Wall Street Jungle, By John
Rolfe and Peter Troob.
Liars Poker: Rising Through the Wreckage on Wall Street , By Michael
Lewis, Norton Books.

Good luck with your interview!