What is a Board of Advisors? A Board of Advisors is a group composed of business professionals that provides advice on how a business owner can better manage his company. Because of the informal nature of this type of board, it can be structured in a way that the owner deems necessary and most helpful…
What is an Externship? An externship is a short, unpaid, and informal internship where students spend anywhere from a single day to a few weeks getting exposure to what its like to work at a company. The word externship is a hybrid of “experience” and “internship”. Benefits of Externships The purpose of an externship is…
LIFO Calculator This LIFO calculator will help you calculate the remaining value of your inventory as well as cost of goods sold using the last-in-first-out method. Here is a preview of CFI’s LIFO calculator below: Download the Free LIFO Calculator Template LIFO Inventory Valuation This LIFO calculator uses the last-in-first-out method of inventory valuation to…
FIFO Calculator This FIFO calculator will help you determine the value of your remaining inventory and cost of goods sold using the first-in-first-out method. Here is a preview of CFI’s FIFO calculator below: Download the Free FIFO Calculator FIFO Inventory Valuation This FIFO calculator uses the first-in-first-out method of inventory valuation to come up with…
Inventory Turnover Calculator This inventory turnover calculator will help you calculate the number of times a business sells and replaces its stock of products within a set period. Below is a preview of CFI’s inventory turnover calculator: Download the Free Template Calculating and Using Inventory Turnover The inventory turnover ratio is calculated using the formula…
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 Entering Journal Entries A journal is the company’s official accounting record of all…
