Business and Finance

                                 ROLE OF THE FINANCE MANAGER

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

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

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After the average UK Investment Banker completes their 3-year BA and a 1-year MBA, what other prep comes subsequent?
Do they usually get their first real post with a City investment bank after completion of the MBA, or is in attendance still more steps to go through before employment begin. For instance, I know potential barrister must complete their 3 year BA, 1 year at one of the Inns, and then one more year is an bystander to an established barrister before they are allowed to seek employment and represent clients on their own. Thus 5 years of preparation previously they can really call themselves a barrister. What’s the route for Investment Bankers in the UK?

After the initial interview, I’ll never hear from them again. Why?
This has been stirring a lot recently. I’ll move about in for an interview, which, in my evaluation, goes great. I answer the questions promptly and confidently, I do the follow up e-mails afterwards expressing my excitement at the opportunity, etc. And consequently… nothing. I’ll never hear from them again, and I’ll even send another e-mail asking for some closure, as contained by, just tell me I wasn’t official, it’s fine, I know how the employment process works. But, like I said, I’ll never hear from them again. What’s up with that? Personally, after an interview, I deduce I deserve at least a response, even a one-liner e-mail would work. Does this happen to anybody else? I really want to e-mail these employer back telling them how rude it is to only just drop me off the face of the dirt after an interview. All I want is closure! Any ideas, suggestions, or reasons why they’re doing this?  Read more...

Managing your spending habits, saving sufficient funds and clearly seeing your personal financial situation are important elements in managing your personal finances correctly. This test will give you an idea whether you need some more help, or if you’re on top of this important part of your life. (The answers are listed at the end of this article.)

Question #1. What does “living within your means” really mean?

Question #2. What damage can only paying the minimum credit card payments each month do to your financial future?

Question #3. What is the most widely advocated and proven method of getting your finances in order?

Question #4. What are the most important financial goals you can set?

Question #5. Why is it not safe to spend all your income each month?

Question #6. What is the recommended percentage of my income that needs to be saved for emergencies and a savings nest egg?

Question #7. In what order should your bills be paid?

How did you fare with these questions? Did you know the answers? If not, or if you wish to check your responses, check out the answers listed below.

Answer to Question #1.

“Living within your means” means spending to live as comfortably as possible, from your income, while saving sufficient funds to adequately cater for emergencies and building your savings nest egg. It also means that you should not rely on external funding such as credit cards and bank finance just to live day-to-day.  Read more...

The Impact of Structured Finance on the Ghanaian Financial Services Industry in the Next 10 Years

A Company can issue bonds to investors secured on the future profits expected to arise from part of its existing life business.Visit here http://allfinancialtips-help.blogspot.com

When a pool of financial assets (such as car finance, home or commercial mortgages, corporate loans,royalties, leases, non-performing receivables, and contractually pledged operating revenues) are structured and transferred to a ‘special purpose vehicle or entity’(SPV or SPE) it is known as a Securitisation transaction.

Generally, most securitisation transactions involve a two tier transaction in which the originator of the assets to be securitised transfers such assets to a wholly-owned SPV.In turn the SPV transfers or pledges such assets to another entity, which issues rated securities in the capital markets that are collaterised by such assets. This second tier entity can be another SPV or a multi-seller commercial paper conduit and can provide funding by issuing medium term notes or commercial paper.

Types of Securitisation transaction

Usually with securitisation transactions, the transfer of rights to assets can take one of two main forms, true sale or synthetic securitisation.

1. True Sale securitisation

In a true Sale securitisation, the originator (for instance a bank selling mortgages) sells the assets to the Issuer. the assets are serviced by the servicer who happens to be the Originator, with respect to say the mortgages sold to the Issuer(i.e.) and the originator continues to collect the principal and interest from the borrowers on behalf of the issuer on such mortgages and see to all default mortgages as well.  Read more...

A small business organization normally consists of 2 to 50 employees; and it is the endeavor of the whole organization that combines to bring success to the organization. What if an employee falls ill? Yes, your whole organization will be affected and thus might put a negative impact on the output. Here, comes the benefit of purchasing a small business group health insurance policy.

We all will agree that the cost of medical treatments is on a rise and for a simple treatment; you need to shell out hundreds of pounds from your pockets. This might land you up in heavy financial burden. So many people avoid going to doctors and later on these small ailments turn into complications. Same happens in a small business organization. Because of the high cost of medical treatments, the employees of a small business organization might not go to a specialist for routine check-ups. This might prove detrimental to the organization. A small business group health insurance will ensure that the employees in an organization are provided with adequate benefits to take care of their health.

Earlier small business group health insurance was not so common, because the rate of premium of these insurance policies were generally higher. But, these days there are many insurance companies that provide with cheap and affordable small business group health insurance. Otherwise, many a times it is seen that the premium is equally divided between the employer and his employees.  Read more...