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…
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 Documenting Transactions with an Invoice An…
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…
Management Consulting Career Overview As a management consultant, you will be responsible for problem-solving, helping businesses to attain efficiency through proposed changes, and working on core strategy development, operational optimization, risk advisory services, technology deployment, and human capital advisory. Types of Management Consultants Skills for Success in Consulting To be a successful consultant, you will…
What are the Global Investment Performance Standards (GIPS)? The Global Investment Performance Standards (GIPS) are the ethical standards followed by investment managers relating to the full disclosure and fair representation of the results of their investment performance. The CFA Institute formulated the standards and the GIPS Executive Committee is responsible for the development and interpretation…
What is a Career Goal? A career goal is a well-defined statement explaining the profession that an individual intends to pursue throughout his career. It is important for every employee or job seeker to define their career goals clearly. It helps them to come up with effective action plans. Setting unrealistic goals can lead to…
