Comparing Accounting vs Finance Accounting is focused on recording and reporting how a business performed in the past, while finance is focused on analyzing and forecasting how a company is expected to perform in the future. This guide will compare accounting vs finance across various aspects. Learn more about finance career in CFI’s Financial Analyst…
What is an Actuary? An actuary essentially acts as the backbone of financial security for insurance and reinsurance companies, multinational corporations, and financial planners. The primary job of an actuary is to analyze risk and the costs associated with risks and uncertainty. An actuary’s primary tools include advanced mathematics, statistics, and financial theories. They frequently…
Equity Research vs Investment Banking When looking at a career in the capital markets, it’s important to understand if you’re a better fit for investment banking or equity research. Both offer excellent work experience and great pay. Choosing one over the other really comes down to personality more than anything else. This guide will break…
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 Download CFI’s Excel template to advance your finance knowledge and perform better financial analysis. FIFO Inventory Valuation…
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….
