Here CCT writers help people understand the basics of financial planning, share tips on saving money, the path to success & ideas on breaking bad money habits.
Financial institutions or banking institutions are banking entities that provide amazing services/offers for different money/finance-related exchanges. These transactions can be in the form of deposits, loans, investments, raising capital, and exchange of currencies. Financial institutions deals in a wide range of business transactions, within the financial markets which include banks, trust companies, insurance companies, brokerage …
To understand a financial account, let’s first have an idea of the Balance of Payments (BOP) of a country. A BOP is a systematic record of all the economic transactions between the domestic country and the foreign countries during a given period. A financial account is a part of that Balance of Payments. This is …
Now a day, Investing in small or big mutual funds could not be easier than this. Here are the top 4 greatest easy ways in which you can also invest in mutual funds online. AMC – Mutual funds Mutual funds are originally managed by Asset Management Companies. Investing through AMCs means that you are directly …
What are financial markets? The trading/exchanging of protections including the stock market(exchange), bond markets, forex markets, and derivatives markets among other markets are all known as financial markets sectors. A financial market is a marketplace where different kinds of fantastic markets work together. In capitalist economies or societies, financial markets trade in all types of …
Financial independence Retire Early (FIRE) Financial independence Retire Early (FIRE) as the name suggests is a movement in recent times by people involved in a program of extreme savings and investment and they aim to retire from their work earlier than ongoing budgets and retirement plans would permit. Every single expense in terms of the …
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Financial Asset On hearing the word asset, the first thing that pops up in our heads could be a car or a house. But what is a financial asset exactly? Financial assets are also assets that bring you value over time. The difference between a physical asset (e.g., real estate) and a financial asset lies …
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Financial analysis Financial analysis is a systematic method to evaluate the performance and the financial health of a company. Three core financial statements- Profit and Loss Statement, Balance Sheet, and Cash Flow Statement are used to conduct the financial analysis of a company. The financial data from these statements are converted into ratios and percentages. …
Financial performance The financial performance of a company is the total assessment of the company’s overall performance in categories such as resources or assets, liabilities, equity, expenses, revenue, and net profitability. Various business-related formulae are applied by analysts or investors to evaluate the financial performance of a company. Understanding Financial Performance A company has many …
A financial intermediary is an organization that works as a middleman between two parties to facilitate financial transactions. commercial banks, investment banks, stock brokers, stock exchanges, etc are some examples of financial intermediaries. Financial intermediaries accumulate funds from the savers and redistribute these funds to investors and entrepreneurs and by doing this they work as …
A very pursued work in the present day and time. Financial advisor- the job title sounds cool, doesn’t it? What do financial advisors exactly do? Financial advisor – Today, more and more people are concerned about their retirement plans and financial stability. About this, there is a requirement for monetary experts who can exhort and direct …
As an accounting student, you must have heard the term GAAP or Generally Accepted Accounting Principles. Ever wondered who came up with these principles? It is the FASB along with Governmental Accounting Standards Board (GASB) that has set these universally accepted principles. FASB (financial account standards board) is responsible for reforming and amending the financial …
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Introduction of Diabetes Diabetes is also known as diabetes mellitus is a chronic disease and occurs when the blood sugar level or blood glucose level is higher than normal. The glucose in our blood is the main source of our energy and comes from the food we eat. Insulin is a hormone created by the …
A complete details of diabetes myths & facts – About diabetes Read More »
Introduction of financial institution A financial institution is a registered body that serves as an intermediary for the suppliers and demanders of money in various forms. As we know today, money is required as the capital in a business, as a housing loan, like savings, as insurance premium, etcetera. Thus, money is essential that we …
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Financial information exchange (FIX) In this globalized world, economic activity including financial markets and interaction demanded a platform to communicate and interact on a real-time date basis. The Financial information exchange – FIX comes into an amazing play as a communications reform. You know what? The most real-time exchange of financial information worldwide there was …
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In recent times, there has been a bombarding of mutual fund ads running across all types of media. Everyone seems to be telling that a mutual fund is a great investment option. But do you know how to pick the best mutual fund for yourself? If not, no worries. Sharing with you the top factors, …
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Mutual fund A Mutual fund is an investment option at its baseline and also a company. Got confused? Don’t be. To put it simply, a mutual fund is a company that is incorporated to provide investment options to the general public. A mutual fund company is in the business of making investments on behalf of …
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What is Mutual Fund? Mutual Fund – I am sure you must have heard this term over and over again. But, what does it mean? Well, let me break it down for you in the simplest manner ever. A mutual fund is a fund created by the money collected from many investors. This fund is …
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What is corporate finance? Corporate finance is a division of finance that deals with funding, capital structure and finance management, and investment decisions. They control how companies finance their operations to maximize profits and minimize costs. It deals with the cash flow of a business and also a day-to-day record is maintained based on the cash flow …
What is Personal finance? The process of planning and managing personal financial activities which include the source of income generation, the expenditures to be incurred, the savings, investing in different ways as well as protection of finance. The process progresses from the generation of income to various expenses. The plan regarding personal finance should constitute …
How to Manage your Money: A Personal Finance Basics Read More »
What is insurance? Insurance is a way of protecting your risk. Having insurance can help you to manage your situation in case of any unexpected financial losses. Not only in financial losses even the insurance company pays you when you need money in any bad times. If you are not having any insurance and suddenly …
What are all the important insurance you need to have in your entire life? Read More »
