Why Go For Financial Certifications

Most newbies wish to find out how financial certifications help them with their professional aspirations and which exam makes most sense to go for.

Considering the fact that the candidates are from different backgrounds, the answer cannot be generalized. There are some who are already, in some way are related to the finance industry, some coming with IT backgrounds, some already possess a solid knowledge of financial products and involved instruments and a good general understanding of the industry, then there are those who before going for graduation in quant degree, would like to build up a more solid foundation with an official exam.

Some of the most sought after certifications are:

> Chartered Financial Analyst (CFA) offered by CFA Institute (formerly known as AIMR):

Three levels –

* The Level I : introduction to asset valuation, financial reporting and analysis, and portfolio management techniques.

* The Level II :asset valuation, and includes applications of the tools and inputs (including economics, financial reporting and analysis, and quantitative methods) in asset valuation.

* The Level III : portfolio management, and includes strategies for applying the tools, inputs, and asset valuation models in managing equity, fixed income, and derivative investments for individuals and institutions.

> Financial Risk Manager (FRM) offered by GARP – Global Association of Risk Professionals

Two Parts –

Part I:

* Financial Markets and Products

* Foundations of Risk Management

* Quantitative Analysis

* Valuation and Risk Models

Part II:

* Market Risk Measurement and Management

* Credit Risk Measurement and Management

* Operational and Integrated Risk Management

* Risk Management and Investment Management

* Current Issues in Financial Markets

> Professional Risk Managers (PRM) offered by PRMIA – Professional Risk Managers International Association

Four Exams –
* EXAM I: Finance Theory, Financial Instruments and Markets
* EXAM II: Mathematical Foundations of Risk Measurement
* EXAM III: Risk Management Practices
* EXAM IV: Case Studies, PRMIA Standards of Best Practice, Conduct and Ethics, Bylaws

Then there are others like :
> The Financial Services Authority (FSA), a universal British finance regulator; you can take these two exams either together or separately, and theres also certificates in Investment Management and Corporate Finance if youre going down that route. (www.sii.org.uk)

> Associate of the Society of Actuaries (ASA) – focuses the fundamental concepts and techniques for modeling and managing risk

> Chartered Enterprise Risk Analyst (CERA) – centres around knowledge in the identification, measurements and management of risk within riskbearing enterprises

> Fellow of the Society of Actuaries (FSA) – deals with financial decisions concerning retirement benefits, life insurance, annuities, health insurance, investments, finance, and enterprise risk management are made, including the application of advanced concepts and techniques for modeling and managing risk. (http://www.soa.org/education)

The thing they all have in common is that these certifications:
> help you to better equip yourself with the essential knowledge to pursue a career in finance
> empower you by adding credentials to your resume
> expand your professional opportunities
> provides you with the ability to network with some of the worlds leading finance professionals

Lets consider what the most sought after certifications have in store for you :

Talking from curriculum perspective:

The FRM curriculum goes into the detail on areas of financial and non-financial risk while the CFA curriculum provides a broad view of financial analysis in general.

The FRM Level 1 syllabus will overlap with some part of the CFA curriculum, mainly in the areas of quantitative analysis, portfolio theory, derivatives, and fixed income securities etc.

The FRM and CFA overlap at Level 2 is minimal. Still, some concepts that are mentioned briefly in the CFA curriculum, such as value at risk, credit risk, risk budgeting, and hedge funds, are expanded upon in level 2 FRM curriculum.

Exclusive to the FRM exams are readings on operational and integrated risk management, Basel II, current issues in financial markets, and case studies in risk management.

Broadly speaking, the FRM exams tend to have more of a quantitative focus than the CFA exams.

Regarding PRM syllabus, its almost the same as FRM syllabus with an overlap of almost 80-90%.
PRM is a bit more extensive and rigorous on quantitative part. CFAs or Actuaries who want a risk management certification prefer PRM since it grants them exemption of upto 2 exams.

CFA and FRM Exam are slightly more popular among test- takers and among employers because it has a longer history, however PRM is quickly gaining ground and all three designations have come to be equally respected.

Talking about the job opportunities:
The key thing to note is that job markets are diverse.
The CFA is helpful if you want to work in equity research or, say, become a debt analyst.
The FRM/PRM would be more relevant to a risk manager.
For other Financial Services jobs (e.g., consulting, sales, management), these credentials are elements that complement your overall presentation.
Like the MBA, they dont buy you advancement per se, rather they enhance your resume.

Let me assure you that among the industry, there is NO prevailing argument for or against one of the exams.

So take a look at the syllabi, test-structure and most importantly your long term career goals to make out which one suite you the best.
Once you zero-in, take the plunge!

Signature Loans To Physicians An Expectation Of Gleam To Medical Doctors

As such, many types of loans are available in the loan market. Through which different kinds of purposes can be executed; hence signature loans to physicians have also brought an expectation of gleam to medical doctors to achieve the highest nursing course in the renowned college. Obtaining these types of loans is very easy, because all these signature loans are provided on the basis of a signed activation letter. Finding urgent cash is no problem for borrowers, they can apply online for signature loans to physicians. Consequently, to streamline the nursing education is no obstacle for you.

Procuring cash online, first of all you are to search well over the internet to select a right lender of them who are providing cash through multiple website. Your opted lender provides you a simple application form to fulfill few details about yourself for instance name, address, contact number, bank account number, age etc. after verification these details the cash transferred in your bank account automatically within few hours or attending the class.

Lenders who are allied with the organization of signature loans offer the amount to physicians in two categories of secured and unsecured. Getting a vast loan amount, secured loan is one of the best options. Through which borrowers can acquire funds according to their needs because secured loans require collateral in lieu of loan amount till their repayment loan amount. These secured loans are offered for an elongated reimbursement period at the lowest rate of interest. Unsecured loans are best for those scroungers who are unable to pledge asset as collateral in the place of loan, they can easily get funds. But borrowers need to pay attention on the terms and conditions since these unsecured loans endow small loan amount for a short repayment and carry a bit high rate of interest.

If you are a recent graduate or a correlate who is looking at the opportunity of initiating a new practice, a signature loan to physicians is the product for you. Lenders offer a variety of payment plans to suit your particular needs, including graduated payments spread out over seven years. That means your payments will be lower at first, and then stepped up as your cash flow gets better. Hence, all the complications related to medical course will be faded out by utilizing signature loans to physicians.

Understanding How Energy-Efficient Windows Work

If you’re building a new home or remodeling an existing one, you’ve probably thought about installing energy-efficient windows. They look pretty similar to regular windows, so you’ve probably also wondered how exactly they work and how it’s possible that they could save you money and increase the comfort of your home. There are actually a couple of different techniques that manufacturers use to get the desired result.


Low-emissivity coatings, or low-E, reflect the rays of the sun away from your house, keeping a fair amount of heat from getting inside. Regular glass absorbs about 84% of the sun’s heat rays, while glass treated with a low-E coating absorbs less than 35%. These coatings also work to keep the warm air in as well, and since this technology is see-through, it doesn’t obscure your view or the beauty of natural light. There are several glazing options and tints to further maximize the solar reflection of the glass.


The spacer’s main function is separate the two glass panes in the unit, and it helps to provide relief from the stresses that come along with expansion and compression due to differences in temperature. Spacers also provide a moisture barrier, a seal, and an insulation barrier. While they’re still commonly made of metal, they’re also being produced more widely from alternative materials like silicone, vinyl, and fiberglass. Warm-edge spacers have the added bonus of creating a larger thermal effect, expanding the area affected beyond the edge of the window.

Gas Fills

Manufacturers use inert gases, usually argon or krypton, to improve the thermal performance of the unit. These gases aren’t toxic, and they’re also clear and odorless, which makes them the perfect choice for this application. Of the two gases, krypton works better, but it’s more expensive. It’s also the most useful for thinner glazing areas that are less than a half an inch. Argon, on the other hand, works in a normal half-inch glazing. These two gases can also be mixed for a compromise between cost and production. The chosen gas or gases are placed between the two panes as an added barrier between your home and the elements outside.


When deciding on which of the many different kinds of energy-efficient windows available, you’ll also want to think about the kinds of frames you choose as well. You may want to consider a non-metal, thermally improved frame to optimize your investment.

While these home features seem like an obvious choice, understanding exactly how these windows work will help you choose the right ones for your home, your aesthetic, and your lifestyle.

Looking for energy-efficient windows? Portland residents can learn more about their available options by visiting http://www.advancedenergyoregon.com/.

Financial Modelling Fundamentals.

Many outsiders often ask a question: what constitutes a financial model? The answer is not as simple as some may imagine. Because of the variety of intended uses, the definition of a financial model can only be a rather broad one. Simply put, a financial model is a spreadsheet (most commonly in Excel) created for the purpose of financial analysis of companies, projects, portfolios and other subjects. Financial models are used in Investment Banking and Corporate Finance fields, as well as Commercial Banking, Portfolio Management and Venture Capital / Private Equity applications. Different types of financial models exist:
Risk analysis models used to analyze different types of risk
Trading models – used in portfolio management and sales/trading functions
Portfolio allocation models determine asset type and other allocations within a portfolio.
But the most commonly used type of a financial model, and the core of the Financial Modelling Group’s courses, is the financial statements projection model. Financial Modelling Group’s flagship Financial Modelling in Excel and Valuation course focuses specifically on building a financial statement forecast model and later derive at a company’s valuation using the model’s outputs. Financial statements projection model forecasts the company’s future financial results and consists of:
Income Statement
Balance Sheet
Cash Flow Statement
Supporting schedules – CAPEX Schedule, Debt Schedule, Working Capital and other schedules.

The financial projections model is an essential building block for valuation and investment decision making analysis. Subsequent valuation models such as the Discounted Cash Flow (DCF) models, Comparable Trading and Comparable Transaction analysis models, LBO (Leveraged Buyout) models, and Mergers and Acquisitions (M&A) models build on the financial statements projection model.

The level of detail of a given model depends on its intended use. For example, if the model’s purpose is to analyze your company’s tax situation, then building a detailed tax schedule into your model will suit that purpose. In another example, if your company has a complicated debt structure with layers of senior and junior debt, adding a complex debt schedule outlining all debt segments and determining repayment order will be warranted. Finally, if you want to analyze the CAPEX program of your company , you need to build a more comprehensive CAPEX schedule to analyze different CAPEX inputs and their dynamics over time.

When building a financial statements projection model an analyst creates financial statements of a company that reflect its historical financial performance (usually 1-3 years), and forecasts the company’s financial performance over a certain period of time (usually 3 to 10 years). The forecast period can be monthly, quarterly or yearly depending on the requirements. The modeller focuses on the three main financial statements: Income Statement, Balance Sheet and the Statement of Cash Flows.

The Income Statement would typically have the following line items: Sales Revenue; Cost of Goods Sold (COGS); Sales, General and Administrative Expenses (SG Research and Development Expenses (R Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA); Depreciation and Amortization Expense (D Interest Expense; Earnings Before Taxes (EBT); Income Tax Expense; Net Profit (Net Income).

The Balance Sheet in the financial modelling context will consist of the following line items: Current Items (Cash, Investments, Accounts Receivable, Deferred Taxes, Prepaid Expenses, Inventory); Fixed Assets – mainly Property, Plant and Equipment (PP&E) net of Accumulated Depreciation; Current Liabilities (Short-term Borrowings, Current Portion of Long-term Debt, Accounts Payable, Accrued Expenses); Long-term Liabilities mostly Long-term Debt and Pensions; Shareholders’ Equity typically consisting of Common Stock, Treasury Stock and Retained Earnings.

The Cash Flow Statement acts as an indicator of sources and uses of cash. In a typical model it consists of the three main parts: Cash Flows from Operating Activities, Cash Flows From Financing Activities and Cash Flows From Investing Activities. Every year-to-year change in the model’s Balance Sheet is reflected on the Cash Flow Statement.

No Down, Little And Low Down On Used Semi Trucks, Big Rig And Over The Road Trucks, Special Financing Program

In todays used semi truck, big rig and over the road trucks market, there are special financing programs that require no money, little and low money down to commence a financing arrangement. This one special program is in the South East part of the U.S and will do this for qualified applicants for a $500 documentation fee

Here are the requirements below for the semi truck financing program..

1) Minimum Credit Scores start as low as 550 however the higher the better to qualify for this program
2) A signed and dated lease application
3) Summary page of your last three months personal and/or business bank statements
The more money showed in the account at the end of each month the better
4) A hauling reference showing who you will lease on to or proof a good solid contract to prove income
5) No outstanding child support issues on the credit report
6) If there is a bankruptcy, it should have discharged three years or longer and proof of re-estabishing credit
7) Home ownership is a plus but not mandatory
8 ) No way of line debt ratios and/or line items on the credit that will cause a problem
9) No outstanding tax liens..

This dealer/lender has over 200 semi trucks, big rigs and over the road trucks for sale. These semi trucks are ready to go and the process to get approved is fast. Prior years tax returns are not usually required but a working spouse can only help support the income base to assume new debt.

The semi trucks that the qualified dealer has are from 1999 to 2008 and include Peterbilts, Kenworths, Freightliners, Volvos, Macks and Internationals..

The dealer/lender will work with startups and understands that each situation stands upon its own merit with its own story
If you are interested, contact me at 800-760-6863 or email me at

In addition, this dealer/ lender has over 100 trailers as well to go with the semis..These trailers include reefers, dry vans, low boys, drop deck, end and bottom dump, and other various trailer models.

If you don’t qualify for this special financing, other dealer truck programs are still available to you. We even have a no credit check program that starts with a down payment with a special easy lease application… Call for the Details….

Happy hunting for your semi, big rig and over the road truck financing.

Is Finance Leading You A Dance

First, lets really understand what a financial plan is. It is, very simply, a series of steps followed by an individual or business, the progressive and cumulative attainment of which are designed to accomplish a financial goal or set of circumstances for example, elimination of debt, retirement preparedness etc. This often includes a budget which organizes an individuals finances and sometimes includes a series of steps or specific goals for spending and saving future income. This plan allocates future income to various types of expenses, such as rent or utilities, and also reserves some income for short-term and long-term savings.
Financial planning is not as difficult as it may seem, and it is not the exclusive preserve of the number crunchers. The cartoonist Scott
Adams, creator the Dilbert comic strip, is a case in point. He has a degree in economics, an MBA and has worked in a bank (talk of left and right brains coming together!). He sugar-coats sound financial advice with humour so it becomes easier to swallow.
Adams says he wanted to write a book on Everything you need to know about investing but found that all he wanted to say could be said in just one page. These are his exact words:

Make a will.
Pay off your credit card balance
Get term insurance if you have a family to support
Fund your companys 401K (the equivalent for us: PF)
Fund your IRA to the maximum (the equivalent for us: investment available under Sec 80C and now you can add RGESS)
Put six months expenses in a money market account
Take whatever money is left over and invest 70% in a stock index fund and 30% in a bond fund through any brokerage company and never touch it till retirement (this is precisely what balanced funds offer us in India)
If any of this confuses you, or you have something special going on (retirement, college planning, tax issue), he goes on to say, hire a fee-based financial planner, not one who charges a percentage of your portfolio.

Everything else you might want to do with your money, Scott concludes, is a bad idea compared to whats on my one-page summary. Sound advice.

Financial planning is, after all, not so very different from business planning. You have to make an honest assessment of your resources and liabilities; set goals; create a plan; execute it diligently ; monitor your plan and do a re-assessment if the situation demands it. Besides, business plans and financial plans are closely inter-linked. You cant make a business plan without a good financial plan backing it.
By the way, good financial planning is closer home than one might think. In fact, it can be found at home without the fee one might need to pay a financial planner. Who better than the home-maker to work to a budget, find innovative ways to make it stretch? Recognise the CEO and CFO in your home? And she works pro bono (except may be for a Divali bonus to spend at the jewellers).

Importance Of Senior Citizens Care & Assistance

Seniors have it more difficult than other groups. While young people may suffer financially, they can at least get a job. For a senior, jobs are often out of the question. You basically have to live on what you have and that it.

Every health facility wants to hire nurses with a certified degree no matter for which nursing jobs they are applying for. Nursing assistant jobs are not very difficult to find in the US because their demand has increased considerably in the past decade. All you have to do is decide what exactly you want to do and you can apply for a course which at the most takes one or two years.

Studies have shown that seniors those are helped or get senior citizens assistance are happier and live longer than others who live alone or with estranged families. It is a simple truth that when you have attentive care and pleasant company you tend to overcome the pitfalls of aging more successfully.

For those who have been independent most of their lives the idea of assisted living and senior citizens assistance may take some getting used to but there is a far greater alternative that can give the senior more of an outlet to enjoy their lives while still maintaining their independence with a little help.

As we age, the tasks associated with daily living become more onerous. This has resulted in the creation of a variety of living options for seniors that reduce some of that burden. Assisted living is one such option, one that is becoming very popular these days.

These senior citizens assistance communities typically offer meal service, housekeeping, social activities, medication assistance, and transportation for medical appointments and other pleasure trips for seniors.

Many senior citizens or people with disabilities or injuries make use of assisted technology-tools, products, or kinds of equipment that help people perform tasks and activities.

An assisted living facility needs to be considered when an elder loved one is unable to take care of themselves in their activities of daily living (ADLs). A nursing home is a practical option when other attempts to safely maintain your elder loved one at home have been exhausted.

One of the benefits of AL is that it takes care of many of the needs of seniors, while still giving them a sense of freedom. They help prepare meals, assist with medication dispensing, do periodic housekeeping, and even help manage the finances of the elderly.

Aging is not fun for anyone, but you can make the process better and help senior citizens by planning for providing senior citizens assistance and donate to senior citizens.

How to Watch British TV Online from Abroad

The internet makes a huge difference to my life when travelling and I am sure for everybody else who needs to work away from home a lot. Nonetheless there’s one little difficulty that used to cause me lots of difficulties – the undeniable fact that a number of websites block access from non-UK places. This implies that for example – by worse, and default I can’t access my home banking account from outside the UK can not watch any UK TV channels online./p>

The reason is because a system called geo location is now used by thousands of sites. This looks up your place based on your IP address when you connect. This really is subsequently used to determine what you can really access to the site. There are a number of reasons largely it is due to licensing restrictions for media websites like the BBC and ITV, bank sites obstruct international logins largely to avoid fraud. There are a lot of motives that are different but it’s quite annoying becoming blocked from most of the sites you want to access when far from home.

Of course in many states it’s not even better, lots of authorities really block entry to several sites also. So you can get the listing of inaccessible websites get’s extremely rather extensive particularly in certain nations – Turkey filters loads of internet sites.

The trick that many people have discovered is to conceal your actual place by masking your IP address. It’s sounds tricky but it is quite simple to do by employing a proxy or VPN service that you can find online. You can then control your digital place – a UK VPN may make you seem to be in the UK. This implies that you may get any web site or media that’s usually UK just. What is more some of the more sophisticated services like this enable you to change place very easily.

It enables you to get websites irrespective of where you happen to be which you really want and supplies you control. A VPN is suggested for individuals who need to get secure sites when travelling as they’re able to shield your usernames and passwords when using sure wifi connections in cafes, hotels and hotspots.

Have you ever been blocked from getting a web site because you’re in the wrong nation? Well this video shows you just how to get the most popular websites such as the BBC, ITV, HULU and a lot more of the world irrespective of where you reside. Check this YouTube Video out.

Watching BBC iPlayer Abroad, British TV Anywhere

How To Obtain Finance For Building Your Dream Home

It is a dream for owner-builders to build their very own new home. There is no greater satisfaction for owner-builders than to admire their new home. Building a new home requires great amount of work and money. Often owner-builders spend their money on the following things:

Excavating their land; and
Pouring the slab.

It is only after they have completed the above-mentioned work they realise that:

They have run out of their own funds;
They have no money left to finish building their new dream home; and
They require finance for completing the project.

Can Owner-Builders experience Problems while getting Finance?

The short answer is yes. Owner-builders often realise that:

Many banks do not like to lend to owner-builders, and if they do, they will usually lend around 50-60% of the value of the land plus costs (This is often not enough to cover the construction of their new dream home);

They are often being loaned money by the banks for something that does not yet exist; and

They need to convince the banks that they can get the job done on time, and within budget.

To avoid financial problems, you must prepare beforehand and start working on getting owner-builder construction finance.

Quick Information

Here is a list of things that you need to consider and which can be helpful to you as an owner-builder:

For an Owner-Builder Project:

Funds are usually advanced in five progress stages;

Lenders/credit providers will only pay out once each stage has been fully completed; and

Before a stage is paid out, a valuer needs to sign-off on each completion stage.

As an Owner-Builder You will be required to:

Pay a deposit, when you order the materials. This means you will require a large percentage of your budget (sometimes 50%) at the start of your building project.

Preparing your Building Project Documents

You should approach the building project in the same way as a building contractor would. This means preparing:

Your professional “plans” and “specifications”;

A detailed and accurate building “cost estimate”; and

A proposed “construction schedule”.

So, before you start excavating your land and pouring the slab, make sure you have your dream home completely designed, built and paid for, on paper.

Seek Expert Advice

Being an owner-builder can be (and often is) a wonderful and satisfying experience that can save you money and will result in building your dream home. But, when things go wrong, it can take an immediate toll on your finances.

So, get expert advice right from the start. Employ the services of a finance broker who specialises in owner-builder finance, and who knows exactly how to help you.

How To Become A Successful Financial Service Professional Or Research Analyst

In todays world, more and more companies are on the look out to employ financial consultants to effectively meet the accounting/investing needs of their corporation. Hence, job opportunities for a financial consultant are significantly on the rise. By becoming a financial advisor, one can set foot into the exceedingly dynamic sector of financial management and planning.

In the domain of financial management and planning one can find jobs such as a :-

Financial service provider

Research analyst

Financial consultant

Whilst hiring a the following skills and capabilities are sought after by the employers-

In the highly dynamic field of financial management and planning a professional must have the ability to attend to detail, organise and handle multiple tasks together.

The capability to find out the logic behind a problem or situation is a must for financial consultants.

An upcoming financial advisor must be competent in the monitoring of securities, trading of money and analysing of the stock market. A Financial service professional must have the ability to recognise trends in the stock market and generalise from it, rationalise the reason behind the trends and predict the time period of these trends. This process is beneficial for both corporate and personal investors to make informed decisions.

A vital aspect of the domain of  financial services  is to help customers understand the market and to make secure and precise predictions. It is to be noted that making predictions about future trends is often indistinct and at times can be risky. But the skill of a good financial service professional is that he has the ability to foresee significant features of the market and has a good overall perception of issues that are likely to affect this market.

Assisting private investors is a major part of the work profile of a financial service professional. Hence the financial professional is expected to have specialised knowledge of tax laws, alterations that are probable to take place to the existing tax laws and influence of these changes on estate planning / investment.

A good understanding about investments/insurances/complexity of the stock market is a vital skill which is required in order to be a successful financial service professional.

Good communication skill is also another crucial factor for becoming a proficient finance professional.

The  qualifications required  to work as Financial Service Professional is a Bachelor’s Degree in Business Administration or Economics or similar. Additional knowledge of global markets and corporate finance, in-depth know how of economics and analysis of risk, trading in the forex market and commodities market is an added benefit.

These are the basic skills you ought to possess for exploring your opportunities in the wide arena of Financial Management and Planning and becoming a Financial Services Professional.