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http://www.latestmobiletouch.com is the best site for all gadget related reviews


HR Success Guide

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A Comprehensive Guide to Successful HR Practices for Business Leaders and HR Professionals to Optimize their Organization's Talent and Manage Workforce.


Financial Modeling

http://www.educorporatebridge.com/financial-modeling

Financial Modeling is a tool that can be used to forecast a picture of a security or a financial instrument or a company’s future financial performance based on the historical performance of the entity. Financial Modeling includes preparing of detailed company specific models which are then used for the purpose of decision making and performing financial analysis. It is nothing but constructing a financial representation of some, or all, aspects of the firm or given security. OR it is mathematical model of different aspects of financial health of a given company and this model can be made on a simple not book paper or in excel, with later it is easily possible to analyse the impact of different assumptions or change in value of various variables hence gives the more flexibility. Financial modeling is a mirror which shows whether An Organization is in need of additional funds (debt or equity) or not how a business will react to different financial situations or market conditions In which company we should make investment for better returns i.e. comparative analysis Analyzing and defining the risk level Has the company had a change in direction that is loss of customers, expansion etc. Identifying of Strategic and Business Plans through finding strengths and weaknesses. It’s a technique to value and analyze Firms, IPOs and FPOs A good financial model should Be relatively simple Focus on key cash flow drivers Clearly convey assumptions and conclusions Evaluate Risks Financial Modeling forms a core of various other Finance areas like Equity Research,Investment Banking, Credit Research etc. If you are searching for a Financial Modeling Online Course/Training then you may consider one of our Financial Modeling courses here. Applications of Financial Modeling The purpose of Financial Modeling is to build a Financial Model which can enable a person to take better financial decision.The decision could be affected by future cash flow projections , debt structure for the company etc. All these factors may affect the viability for a project or investment in a company.The Applications of Financial Modeling mainly includes the followings : One applications of Financial Modeling may be Business Valuation that is deciding the fair value for a business . Financial Modeling will help participants to reach to a price they are willing to pay or accept for the selling business. Second applications of financial modeling is Organization’s decision making and scenario preparation .Financial Modeling is used by organizations for future planning their long term goals according to different situations that may arise. To decide the Cost of Capital – if a company is going to invest in a new project then Financial Modeling for it will give analysis for debt/equity structure and expectation in return by investors ,thus setting benchmarks for project to meet . Capital Budgeting -Financial Modeling helps companies determine alloting resources for major expenditure or investment etc.Purpose – increasing the value for the firm. Project Finance Financial Statement Analysis Basic Financial Analysis tools include Common size financial statements Analysis of Various Ratios Trend or Pattern analysis Industrial comparatives Best Practices in Financial Modeling In Financial Modeling it is desired that the working should be error less and should be easier to read and understand for audit purposes. By following these key principles, model will be easier to navigate and check, and reliable. For most obvious results we need to follow the Firms standard format Maintaining appropriate number of sheets Using page breaks wherever required Writing Executive Summary on top if desirable Maintain versions of documents if future up gradations are expected The following points should be kept in mind: Spreadsheet Design Using modular spreadsheet blocks will make changing each sheet easier without affecting others. Proper protection should be given to the sheets and workbooks from unauthorized usage. Labeling sheets, columns and rows with their applicable headings so that files will become easy to follow. Better Document your assumptions Assumptions documentation helps with validation & avoids misinterpretation. Listing assumptions will be helpful for easier and quicker understanding. Adding source data as well as calculations will provide a good map. Use Linking and not hard-coding Linking wherever required will be a good practice such that when the inputs change, the outputs will be changed automatically It will save lots of hassles at final stage or at working stage Facilitate Data entry at one place only Avoid retyping of data, entering it once as a source and referencing it will make good sense. It’s always better to link cell value rather than writing numeric value for calculations. Good Practice is using Consistent Formulas Using formulas and functions will be accurate and will save time. Do not copy formula from one sheet to another as it will create links in files. Avoid unnecessary blank columns and rows as this can be tedious at the time of making tables or other charts. Creating Templates will be beneficial Formatting Charts Be precise with chart axes scale Creating a VBA Style Guide containing rules and details about coding standards is good Format and Label Clearly It’s very important to format cells appropriately i.e. we should follow standard practices eg. we should use symbols for currency , percentages values etc. , which will make model easier for reading. In Financial Modeling clear labeling is very important to improve readability Try using different background colors for distinguishing input areas and calculation parts Common Financial Modeling Approaches Financial Modeling – Income Statement: Line Item Drivers a) Financial Modeling –Revenues Projections For most companies revenues are a fundamental driver of economic performance. A well designed and logical revenue model reflecting accurately the type and amounts of revenue flows is extremely important. There are as many ways to design a revenue schedule as there are businesses. Some common types include: Sales Growth: Sales growth assumption in each period defines the change from the previous period. This is simple and commonly used method, but offers no insights into the components or dynamics of growth. Inflationary and Volume/ Mix effects: Instead of a simple growth assumption, a price inflation factor and a volume factor are used. This useful approach allows modeling of fixed and variable costs in multi product companies and takes into account price vs volume movements. Unit Volume, Change in Volume, Average Price and Change in Price: This method is appropriate for businesses which have simple product mix; it permits analysis of the impact of several key variables. Dollar Market Size and Growth: Market Share and Change in Share – Useful for cases where information is available on market dynamics and where these assumptions are likely to be fundamental to a decision. For Example: Telecom industry Unit Market Size and Growth: This is more detailed than the preceding case and is useful when pricing in the market is a key variable. (For a company with a price-discounting strategy, for example, or a best of breed premium priced niche player) e.g. Luxury car market Volume Capacity, Capacity Utilization and Average Price: These assumptions can be important for businesses where production capacity is important to the decision. (In the purchase of additional capacity, for example, or to determine whether expansion would require new investments.) Product Availability and Pricing Revenue driven by investment in capital, marketing or R&D Revenue based on installed base (continuing sales of parts, disposables, service and add-ons etc). Examples include classic razor-blade businesses and businesses like computers where sales of service, software and upgrades are important. Modeling the installed base is key (new additions to the base, attrition in the base, continuing revenues per customer etc). Employee based: For example, revenues of professional services firms or sales-based firms such as brokers. Modeling should focus on net staffing, revenue per employee (often based on billable hours). More detailed models will include seniority and other factors affecting pricing. Store, facility or Square footage based: Retail companies are often modeled based on the basis of stores (old stores plus new stores in each year) and revenue per store. Occupancy-factor based: This approach is applicable to airlines, hotels, movie theatres and other businesses with low marginal costs. b) Financial Modeling – Costs projections Drivers include: Percentage of Revenues: Simple but offers no insight into any leverage (economy of scale or fixed cost burden Costs other than depreciation as a percent of revenues and depreciation from a separate schedule: This approach is really the minimum acceptable in most cases, and permits only partial analysis of operating leverage. Variable costs based on revenue or volume, fixed costs based on historical trends and depreciation from a separate schedule: This approach is the minimum necessary for sensitivity analysis of profitability based on multiple revenue scenarios c) Financial Modeling – Operating expenses General and Administrative: Generally treated as % of Revenues Sales and Marketing: Generally modeled as % of Revenues. In some cases, it is actually a revenue driver and not driven by revenues. For example, brokerage business or pure plays trading and marketing firms. R&D: Generally R&D costs are treated as % of revenues. d) Financial Modeling – Interest expense (or Net interest expense): This is one of the few income statement items that is driven by balance sheet information. A interest schedule is generally developed to i) calculate interest received on cash and short term investments and ii) calculate interest expenses arising from all types of debt. Interest rate assumptions are needed. Ending balance of previous year can be used to calculate interest expenses to avoid circular reference in excel Average balance can be used as well (it will give circular reference though) e) Financial Modeling – Income taxes: Effective tax rate is generally used. Effective rate is calculated as Taxes paid / Pre-Tax income. For future years, either the marginal tax rate equivalent to the country of incorporation is taken or if the effective rate is much lesser than the marginal tax rate then during the initial years, tax rate can be low but gradually would have to be moved to marginal tax rate. For example, In India, marginal corporate tax rate is 33%. Balance Sheet: Line Item Drivers (Assets) Cash and Cash Equivalents: Linked to cash from Cash Flow Statement Accounts Receivable (Part of Working Capital Schedule): Generally modeled as Days Sales Outstanding; Receivables turnover = Receivables/Sales * 365 A more detailed approach ma include aging or receivables by business segment if the collections vary widely by segments Receivables = Receivables turnover days/365*Revenues Inventories (Part of Working Capital Schedule): Inventories are driven by costs (never by sales); Inventory turnover = Inventory/COGS * 365; For Historical Assume an Inventory turnover number for future years based on historical trend or management guidance and then compute the Inventory using the formula given below Inventory = Inventory turnover days/365*COGS; For Forecast Other Current Assets (Part of Working Capital Schedule): Modeled as % of sales Fixed Assets (Property, Plant and Equipment) Separate schedule is prepared taking into account various components Ending Balance for PPE = Beginning balance + Capex – Depreciation – Adjustment for Asset Sales Balance Sheet: Line Item Drivers (Liabilities) Financial Modeling – Current Liabilities Projections Accounts Payables (Part of Working Capital Schedule): Payables turnover = Payables/COGS * 365; For Historical Assume Payables turnover days for future years based on historical trend or management guidance and then compute the Accounts Payables using the formula given below Accounts Payables = Payables turnover days/365*COGS Short Term Debt: Usually modeled as part of debt schedule Accrued Liabilities: Kept constant most often; Can be modeled as % of sales Deferred taxes: Kept constant most often; Can be modeled as % of sales Other Current Liabilities: Can be modeled as % of COGS or as % of Sales Long term Liabilities: Deferred taxes: Kept constant most often; Can be modeled as % of sales Post retirement Pension Cost: Kept constant most often Long term Debt: Usually modeled as part of debt schedule (please refer debt schedule on next page) Key feature of the debt schedule is to use the Revolver facility and how it works so that the minimum cash balance is maintained and ensures that the Cash account does not become negative in case the operating cash flow is negative (Companies in investment phase who need lot of debt in initial years of operation – Telecom cos for example) Overall range of Debt to equity ratio should be maintained if there is any guidance by the management Debt balance can also be assumed to be constant unless there is a need to increase the debt Notes to the accounts would give repayment terms and conditions which need to be accounted for while building the debt schedule For some industries, like Airlines, Retail etc Operating Leases might have to capitalized and converted to debt. However, this is a complex topic and beyond the scope of discussion at this point Who should study Financial Modeling? The Financial Modeling could be beneficial to a vast majority of peoples,Some of the cases are summarized below The aspirants of Financial Modeling Course can be everybody who wants to explore the world of finance and get involved in money related decision making. These people can be Executives, Business planning and strategy deciders, Managers working with Banks, Equity Researchers, Project Managers , Research Analysts, Investment Banking people, Portfolio Managers, Commercial Bankers, Risk Managers, Accountants, and all those who are part of the finance department in all types of the firms It’s an added advantage for those people who are pursuing CA, MBA, CFA, FRM and Commerce graduates Also the candidates having Degree, Diploma, in technical fields like B .TECH or Engineering who wants to make a career in finance Any individual who just want to gain knowledge out of passion or curiosity Now after knowing Who can do Financial Modeling Course now let us look at what all it need , to go for a financial modeling training .


Web Developer Melbourne

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Check out our blog for latest updates of web design and web development which can helpful for website designers and web developers and SEO to gain strong online.


Online Jobs, Online Jobs in India, Home Typing Jobs - Netjobsurvey

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Get the best offers of online jobs in India that can be done from home itself like home typing jobs, data entry jobs online and many more. Earn extra income by working anywhere you want and at anytime you want.


Research Paper Writing Help in Uk

http://www.storeboard.com/blogs/education/format-of-a-research-paper/380058

Research writing help is a few clicks away from students. A mentor or guide in the form of teacher can prove to be a difference maker in research paper writing. Students can also use the internet effectively and tools like Google Scholar can be life saver for students who are writing a research paper.


Principles of Economics and Business

http://principles-of-economics-and-business.blogspot.com

This blog covers economic sciences. It focuses on explaning, reviewing, and contextualizing various principles of economics and business.


ACMT

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Mahatma Gandhi College of Education is the premier college located in Delhi and UP. It is known for its high standard in teaching and education .


A Process for Innovation Planning

http://www.innovationmanagement.se/imtool-articles/a-process-for-innovation-planning

All too often, hastily planned brainstorming sessions bring up a lot of good ideas that somehow never get used, while the boring kinds of ideas you are trying to get away from seem to be used again and again. One reason for this is the lack of an innovation plan, according to Jeffrey Baumgartner.


Lively and Educative Legal Presentation Skills Training for Lawyers

https://effectivelegalpresentations.wordpress.com/2015/02/07/lively-and-educative-legal-presentation-skills-training-for-lawyers

Nowadays, lawyers are not only facing the challenge of legal practice but also finding issues in promoting their business among people who are looking to get convinced properly. Most of the legal professionals are now required to engage in an effective way of communication for presenting themselves as specialists and creating the trustworthiness among potential clients, partners and stake holders.


Lively and Educative Legal Presentation Skills Training for Lawyers

https://effectivelegalpresentations.wordpress.com

Effective Legal Presentations services attorneys, law firms and their clients by increasing the effectiveness of all live in person communications/presentations between attorney, firm and client. Learn how to effectively communicate in and out of the courtroom.


Geociclos

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La gestión de residuos es muy importante porque la basura almacenada incorrectamente puede causar problemas de salud, la seguridad y los problemas económicos. Geociclos ofrece consejos sobre la importancia para la salud pública de los residuos sólidos y la gestión de residuos líquidos en Chile. Esto es relevante para todos entender cómo se descompone residuos y puede ser tratado o hecho a salvo de los organismos patógenos. Para más información visite: http://geociclos.cl/gestion-de-residuos


Forex Alchemy

http://www.forexalchemy.com

Forex Alchemy is your source for financial markets education, trading knowledge, articles and news. Our contributors are experts in their respective fields covering all aspects related to trading, financial markets, investing, Foreign Exchange and more. We have a host of quality educational posts, video courses and other free content. Our content is updated daily and is aimed at providing you with all the education, information, tools, guidance and advice you need to become a better trader.


Investment Banking Training Course

http://www.wallstreetmojo.com/investment-banking-training-course

This Investment Banking Training course is an Epic bundle of 99 courses with 500+ hours of video tutorials and Lifetime Access. This is not all, you also get verifiable certificates (unique certification number and your unique URL) when you complete these courses. This online investment banking course is the most comprehensive Investment Banking Preparation material on the planet! It is designed for students and professionals who want to master investment banking skills. The resources included here are from basics tutorials to super advanced concepts of Investment Banking.


Fellow Developers

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Fellow Developers provide best IT Solutions in Lucknow – India, the services include – web development, software development and SEO services.


lucy

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Learn Android, iOS training in Chennai. We offers Best Mobile Applications Training in Chennai. Learn any Mobile Applications Training with us in Chennai <a href="http://www.thinkittraining.in/Mobile-Application-Training">Mobile Application Training in Chennai</a>


Advanced SAS with SQL

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eduCBA brings you a very interesting course on Advanced SAS with SQL In this course you will learn in detail about two major concepts of Advanced SAS with SQL: Understanding SQL Procedure Executing Group by and Having Clause These are extremely important concepts or parts of Advanced SAS with SQL and understanding them is very essential. Understanding these Understanding SQL Procedure, and Executing Group by and Having Clause will be easy as you will learn along with the trainer.



Equity Research | A Complete Beginner’s Guide

http://www.wallstreetmojo.com/equity-research

Equity Research primarily means analyzing company’s financials, perform ratio analysis, forecast the financials (financial modeling) and explore scenarios with an objective of making BUY/SELL stock investment recommendation. Equity Research analyst discuss their research and analysis in their equity research reports. In this in-depth article on Equity Research, we discuss the nuts and bolts of Equity Research – What is Equity Research? Role of Equity Research Hierarchy in Equity Research firms Role of Head of Research Job of the Senior Analyst Responsibilities of an Associate Responsibilities of a Junior Analyst Typical Day at an Equity Research Firm Who pays for Equity Research? Equity Research Professional Approach Equity Research Skills-Set Top Equity Research Firms Equity Research Compensation Equity Research Exit Opportunities


Tally Erp 9 The Best Software

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WiFi Hacker ULTIMATE Wifi can be an application whose sole purpose is usually to test the safety of Wifi networks in order to recover passwords in seconds. This, as you can imagine, should simply be used on your personal networks, because hacking other's Wifi is incredibly bad. To make use of this application, you just have to start it and await it to locate all of the available networks in your neighborhood, and some times this may take a long time with respect to the number of nearby broadcasting networks. Once this technique is complete, you are able to select your network (it's important not to do this on outside networks, since this is a prosecutable offence), and appearance its security. If you'll be able to see the password, it may be a good idea to think of changing it because doing so means that any user can enter you network. Wifi Hacker ULTIMATE Wifi is usually a tool that will not be used and not using a certain expertise in networks, because eventhough it is easy to work with and can assist you secure your own personal connections, the aftermaths of mistreatment can be quite severe. So its like people say, "Use at your risk."


ENG301 Journalistic writing On Assignment Solution

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ENG301 Journalistic writing On Assignment Solution "The invention of writing is probably the most important tool for human advancement, making it possible for each new generation to build upon the work of the previous, to transmit knowledge from person to person, across cultural and time" According to the assignment solution dot net writing is proof of your ability and skills.


Options Trading Strategies

http://www.wallstreetmojo.com/options-trading-strategies

Over the past few years Options Trading Strategies have gained a lot of popularity. These are highly diversified strategies, which when used correctly, can give you some awesome results. Despite of this, there are many investors who shy away from Options. In this article on Options Trading Strategies, we discuss the six important strategies - 1: Long Call 2: Short Call, 3: Long Put, 4: Short Put, 5: Long Straddle, 6: Short Straddle.


10 Things About Java You Must Know

http://www.educba.com/10-things-about-java-you-must-know

Java (another word for “coffee”) is also a programming language which is the base for nearly every kind of networked app. Want the perfect Java recipe book? Eager to know what’s brewing and which are the latest trends in this programming language? Learn more about Java, a programming language designed initially for entertainment appliances right here. For more information regarding this course you can visit our website: http://www.educba.com/10-things-about-java-you-must-know/


Scala vs Java

http://www.educba.com/scala-vs-java

Welcome to the Ultimate battle of the Century. Scala versus The Almighty Java. Some people may even ask why? Some may even say that Scala is infact a part of Java itself, then why this comparison? The reason is because Scala is not exactly Java. Heck! It’s not even near Java. Although it uses the JVM (Java Virtual Machine) Compiler, it is only partly similar to Java.


big-data-confluence-of-technology-business-analytics

http://www.educba.com/big-data-confluence-of-technology-business-analytics

At the hardware level, zeroes and ones are powering the circuits in a computer, at the business level it’s the Big Data that is making a sea change in how companies devise marketing strategies to stay competitive. It could be composed of anything from single digits and multiple digits all containing vital information about the market, functioning of a machine, human body, ecommerce transactions or just about any day-to-day activity that may or may not have anything to do with buying or selling.