Budgeting and Forecasting Career Overview As a financial analyst working in the Financial Planning and Analysis (FP&A) department, budgeting and forecasting are among the most critical aspects of the job. The FP&A team is responsible for developing budgets, forecasts, and financial models that support the company’s strategic goals and help in making informed business decisions….
What is a Financial Advisor? A Financial Advisor is a finance professional who provides consulting and advice about an individual’s or entity’s finances. Financial advisors can help individuals and companies reach their financial goals sooner by providing their clients with strategies and ways to create more wealth, reduce costs, or eliminate debts. Financial Advisor Role…
What is Investment Banking? Investment banking is the division of a bank or financial institution that serves governments, corporations, and institutions by providing underwriting (capital raising) and mergers and acquisitions (M&A) advisory services. Investment banks act as intermediaries between investors (who have money to invest) and corporations (who require capital to grow and run their…
Journal Entry Template This journal entry template will help you construct properly formatted journal entries and provide a guideline for what a general ledger should look like. Here is a preview of CFI’s journal entry template: Download the Free Journal Entry Template Enter your name and email in the form below and download the free…
Cost of Debt Calculator This cost of debt calculator is used to calculate the annual yield to maturity of a company’s debt, otherwise known as its cost of debt or the interest rate. This calculator takes the following values for its inputs: bond face value bond price number of years to maturity coupon payment period…
Excel Invoice Template This Excel invoice template provides a structured format to help businesses create professional invoices and track financial transactions efficiently. It can be used as-is or customized to fit your invoicing needs. Here is a preview of the Excel invoice template: Download the Free Excel Invoice Template Enter your name and email in…
What Does Being Laid Off Mean? Being laid off refers to a temporary or permanent termination of work contract by an employee because of reasons relating to the business. A company may suspend just one worker or a group of workers at the same time. Another point worth noting about layoffs is that they don’t…
What is the Corporate Ladder? The corporate ladder refers to the hierarchical set-up of most businesses. An individual can climb this metaphorical ladder and further their career. When you work at a company for an extended period of time, you want to move up in your career path as you take on additional responsibilities and…
What Does It Mean to Get Fired? Getting fired means that an employer terminates employment against the will of the worker. There are numerous reasons why company managers fire their employees. However, most don’t need a valid reason to terminate employment. If one is not covered by a bargaining agreement or employment contract, the chances…
What is the Peter Principle? The Peter Principle is a common occurrence among companies, whereby employees are promoted according to their current progress rather than for the skills and aptitude required for the roles they are being considered for. Have you ever come across people who are unhappy after receiving a promotion, or seen a…
