What is a Comptroller? A comptroller is a senior management-level executive who is responsible for overseeing the accounting and financial reporting of a business, non-profit organization, or government entity. The comptroller of a corporation supervises and reviews important financial reports for publication, such as income statements, balance sheets, and cash flow statements. The Work of…
What is a Bookkeeper? A Bookkeeper is responsible for recording and maintaining a business’ financial transactions, such as purchases, expenses, sales revenue, invoices, and payments. They will record financial data into general ledgers, which are used to produce the balance sheet and income statement. The bookkeeper is generally responsible for overseeing the first six steps of the…
Finance vs. Accounting Career Guide This guide will analyze the key similarities and differences between finance vs. accounting careers. For university graduates, these are two of the most common options, and each offers a rewarding career path for unique reasons. Please explore the guide below to plan your career accordingly! Finance Finance is the management…
Who are Quants? Quantitative analysts (also called “quants”) are professionals specializing in the design, development, and implementation of algorithms and mathematical or statistical models intended to solve complex financial problems. In their work, quantitative analysts apply a blend of techniques and knowledge from multiple disciplines including finance, economics, mathematics, statistics, and computer science. The quantitative…
What is an Accounting Clerk? An accounting clerk is a member of a company’s accounting department, responsible for assisting with both clerical and administrative tasks. In general, an accounting clerk takes care of basic office tasks that involve reporting, bookkeeping, research, as well as the resolution of discrepancies related to any of the tasks he…
What is the Financial Sponsors Group? The financial sponsors group (FSG) is a team within the investment banking division (IBD) of an investment bank that covers private equity (PE) firms and investment funds (referred to as “financial sponsors”). This group differs from industry-focused groups that work with operating companies in a specific sector, and instead,…
What are the Best Corporate Finance Jobs? This guide will outline the main types of corporate finance jobs at large operating companies. From a corporate finance perspective, the best jobs are those that are the closest to decisions related to the allocation of capital, investments, and long-term planning and value creating. Therefore, the best corporate finance…
What is a Commercial Insurance Broker? A commercial insurance broker is an individual tasked with acting as an intermediary between insurance providers and customers. Today, the field of insurance policies can be daunting, as it’s filled with sophisticated terminology and equally complex procedures. The existence of commercial insurance brokers goes a long way in preventing…
What is an Equity Research Report? An equity research report is a document prepared by an analyst that provides a recommendation on whether investors should buy, hold, or sell shares of a public company. Additionally, it provides an overview of the business, the industry it operates in, the management team, its financial performance, risks, and…
Financial Modeling Test This Financial Modeling Test is designed to help you assess your knowledge on Financial Modeling principles, important concepts, and industry best practices. We strongly encourage any students who are planning or are beginning their FMVA certification program to take this test to determine whether you will need to take the prerequisite Excel Modeling Fundamentals…
