Big Fat Finance


Here is a collection of blog posts from members of the Business Finance Expert Network. These financial leaders inspire business professionals to appreciate new ideas and practices that they can incorporate into their own companies.



Get all the latest national and international news on finance from a blog written by New York Times reporters. This site is thoroughly edited to provide readers with the best information on what is going on in the world of business. Knowing and understanding corporations is the best knowledge for working in them.

Thomson Reuters Is Said to Put Some Trade Publications Up for Sale
by By WILLIAM ALDEN almost 4 years ago
Punishments for Insider Trading Are Growing Stiffer
by By PETER J. HENNING almost 4 years ago

Bookkeeping Tips


When needing bookkeeping, financial advice and tax tips then the Bookkeeping Tips blog is a grand source. Chizoba proves his worth with his thought-provoking and strategic articles that will be sure to be an asset to any viewer.

Payments to Independent Contractors
by Chizoba Morah over 2 years ago
Required Retirement Plan Distributions
by Chizoba Morah over 2 years ago

Loans mortgage and financial guide


CLAIMLOAN provides free online loan quote and contract ideas and tips. We also covers the guides and ideas of Financial Aid, Insurance, Auto Loans, Bad Credit Loans, Emergency Loans, Instant Loans, Payday Loan, Personal Loans, Unemployed Loan, Wedding Loans and much more.

Hello world!
by admin about 3 years ago
Hello world!
by admin about 3 years ago

Free Agent Economics


Welcome to the Free Agent Economics Blog - business and finance news, views, resources and tools for self-employed people looking to achieve financial freedom. Please join in by contributing, commenting, or providing your feedback/suggestions on topics and issues that most interest you as an entrepreneur, small business owner, freelancer or independent professional.

by Jenny Bhatt over 4 years ago
Reader Question: Should I Start Blogging for My Small Business?
by Jenny Bhatt over 4 years ago

Make Money Online At Different Ways..


I provide different ways to make money online from different websites.

Step in Credit


In corporate debt syndication, money advanced in a large loan is distributed to companies or entrepreneurs, primarily when the borrowers need funds to save themselves from a financial crisis.

4C Mortgage Consultancy Blog


Blog for Latest Updates of Home Loan and Property Finance in Dubai.

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 .



Are you considering the possibility of a logbook loan? If so, this post reveals all you need to know about the eligibility criteria.

African Business Central | African Business News | African Financial Markets News


African Business Central is a premier site for African business and financial market news articles and videos.

Master Plans India


Master Plans India is an online portal which is dedicated to providing latest updates about Indian residential housing sector, government housing schemes, metro rail, smart cities, expressways, airports and few other topics

High Credit Card Balances


During the holiday months of November and December, you are more likely to spend lavishly compared to most other months. Spending during these months is fine as long as you saved for the increase in spending or adjusted your budget accordingly, keeping in mind your credit card bill payments. • You may want to distribute your expenses across different billing periods. • You may choose to pay your balance multiple times within a bill cycle to ensure your credit balance remains low. • You may like to choose different credit cards for your specific expenses, because your credit utilization is calculated from individual cards while also taking into consideration your overall credit limits and balances. Experts recommend keeping your credit balance at 30% below your credit limit. The lower the credit balance



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Monthly loans


Looking for a loan where you can get some immediate monetary help to manage your expenses in a hassle free way? Want instant cash for important needs? In this scenario, you are always welcomed to make an application for monthly loans. These loans are a good monetary cure for people who are in search of a loan deal with flexible terms and conditions. Once you are all set to make an application for these loans, half your problems will get easily settled. Be it your monthly rents, household bills, car repair bills, home repair bills, taxes, unplanned events, educational bills and medical bills etc can be easily resolved through us. However, one needs to be permanently employed and should also carry a checking a bank account to get shortlisted for these loans. Do i need to pledge my assets? No, loans for people on benefits can be easily applied without any collateral pledging issues. Borrowers who are even facing the problems like bankruptcy, bank arrears, missed payments, insolvency and are also living as tenants can apply for these loans easily. However, the loan amount is given only on the basis of your loan repayment ability, loan purpose and fiscal need of a person. If the lender is all satisfied with his concerns, he will not waste much time in clearing the loan amount. Apart from this, interest rates here are kept higher by the lenders. This is because http://www.monthlyloansforpeopleonbenefits.co.uk/ amount is given without assets and bad debtors are also invited to apply. Repayment spans are short. To make an easy application for http://www.monthlyloansforpeopleonbenefits.co.uk/application.html, one just needs to fill a simple application form online and send it to the lender immediately. All a borrower needs to do is to fill his contact details, bank account number and monthly income account in the form. Once the lender approves all your details, your loan will get easily sanctioned and money will reach you shortly. Apply now! More sites info is:- http://www.noupfrontfeeloansforunemployed.co.uk http://www.nocredit12monthloans.co.uk http://www.needshorttermloans.co.uk

Monthly short term loans


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Forex Alchemy


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.

Share Market Tips | Share Bazar Tips - BazarClicks


Effectual share market tips by BazarClicks! They have been providing trading tips for share bazar in India to investors for many years.



Running a business organization involves numerous financial transactions. A business involves various operating expenses like office expenses, supplies, insurance, travelling expenses, advertising costs, bills payable etc. Similarly there are various cash inflows in a business like sales, return on investments etc.



RichTopia.com is a digital business magazine founded by Derin Cag to provide valuable content on market analysis, business economics, real estate, innovations and technologies that make it easier for people to lead a richer lifestyle.



RichTopia.com is a digital business magazine founded by Derin Cag to provide valuable content on market analysis, business economics, real estate, innovations and technologies that make it easier for people to lead a richer lifestyle.

Sprinkler System Types


There are three basic types of sprinkler systems: wet pipe, dry pipe and precaution, with each having applicability, depending on a variety of conditions such as potential fire severity, anticipated fire growth rates, content water sensitivity, ambient conditions, and desired response. In large multifunction facilities, such as a major museum or library, two or more system types may be employed. The more sprinkler systems in best website in www.relifire.com

Advanced SAS with SQL


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.