POST CATEGORY : Finance

Understanding the Role of a CFO and Its Importance in a Company

The Chief Financial Officer (CFO) plays an essential role in a company. It’s the CFOs responsibility to ensure that the company’s finances are utilised properly and report this information to all of the major stakeholders. The business advisory services that a CFO offers to their company are invaluable in terms of keeping everything financially stable as well as growing the business.

Successful CFO

To understand the position of CFO better, let’s break it down into two parts: the duties and the role that a CFO needs to fulfill.

Duties of a CFO

Reports Finances of the Company

This is one of the main duties that concern the CFO.…

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Can You Pick Stocks Better than Your 401k?

If you’ve been reading or hearing about the stock market lately, you may be wondering why you’re contributing a percentage of your monthly income to your company’s 401k plan instead of just putting that money directly into the stock market.

Indeed, stories of people who bought stock in Google or Apple early abound on the internet, as do articles stocks about people who followed a gut feeling and struck it rich.

The advantages of a 401k

While a 401k isn’t as liquid as a normal investment account, that isn’t to say that there aren’t any benefits to 401ks. One of the biggest benefits of investing in your company-sponsored 401k plan is the fact that you will likely get some form of an employer match in addition to the percentage of your income you elect to invest.…

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5 Essential Tips to Save Money on Your Business Van Insurance

Running a business is hard enough without having to worry about those little extras that crop up from time to time. Expenses such as business ban insurance can be enough to at least make a good dent in profits and at most drive a business over the edge. With a bit of planning and foresight, however, you can cut the costs and give yourself adequate cover to mitigate against something going wrong.

Business van insurance

Here are our top tips.

1. Use a broker

If you use a broker, they will also help you find the best deal. They know all the tricks of the trade, who might be the best insurers for your particular situation and they also have access to deals that the general public doesn’t.…

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Bitcoin ATMs Let Anyone Get Involved in Crypto Easily

The world of cryptocurrency can seem intimidating to many people. Assuming you have already decided you want to get involved, the question then becomes how?

How do you go about acquiring the most popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, Dash, and others?

Bitcoin ATM offers convenience

The answer to this question can vary depending on who you ask. Some might say the easiest way to become invested in cryptocurrency is to open an account at an online exchange much like you would open a bank account. But this method is time-consuming, full of hurdles to jump, and might scare many potential investors away.

While certainly a viable option for some, there is another method that might seem more user-friendly to others.…

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How to Choose a Good Auto Insurance Company

If you are looking for auto insurance, then there are several things that you need to consider. Some of them are auto insurance quotes for most of the companies.

auto insurance is important

The first and the foremost thing that you need to do before selecting an auto insurance company is to look for the coverage that you are in search of. For example, if you do not have a good driving record or you might have some credit problem with your license, then you need to look for the insurance company which offers a second chance to earn the discount for their customer.

Moreover, it has also been noticed that if you are the owner of more than one vehicle, then there are insurance companies which offer cheaper insurance rates in terms of becoming an exclusive provider.…

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Trading The News: How To Do It Right

When trading forex, one of the most important items to watch at the beginning of each trading session is the news. Taking into account that forex is up and running somewhere around the world 24 hours-a-day five days-a-week, the international news reports can play an important role in prices.

Using the news in forex trading strategy

Traders need to not only check the news reports of both of the pairs they are trading, but they must also take into account how events around the globe can send prices suddenly soaring or plummeting without prior warning. Whether it’s the newest financial reports or a local catastrophe, it can send the market in a direction you were not expecting.…

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Empowering and Enabling MSME Businesses in India

Currently, there are more than 43 million micro, small and medium sized business enterprises (MSMEs) in India, employing about 40% of the total population. With its contribution to GDP of around 8%, these MSMEs are not only helping in financial development of the country, but also in improving the socio-economic status of the people.

MSME owners

However, at the same time, they are also struggling to flourish owing to certain challenges such as lack of accessibility to information and knowledge, inadequate intellectual property protection, insufficient training for employees, and lack of access to alternating funding avenues which can lead to shortage of working capital and under-developed business infrastructure.…

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How Can Small Businesses Optimize Financial Management

Many small business owners find managing their finances to be quite challenging. You might know how to deliver an exceptional product or service, but if you lack both the experience and knowledge in managing business finances, your small business won’t be as successful as you’d hoped it to be. The main reason financial management tends to be daunting is that it’s common for small businesses to make a financial mistake or end up falling into a financial pitfall.

Financial management optimization

These types of mistakes usually bring the worst types of consequences, mainly because even the smallest or the simplest of financial mistakes can have the potential to ruin your entire businesses if you let the problem go unattended.…

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Avoid These 4 Common Mistakes And Misconceptions Related To Confidence Intervals

While statistics turns out to be a crucial aspect of your business, it often gets arduous to keep with everything that goes on with these calculations. You need to be watchful for reliable software tools and conceptual knowledge in order to maintain an errorless environment. Probability data can be effectively utilized to chalk out a valuable insight.

Confidence intervals calc

Confidence interval calculations provide adequate information regarding the estimated value along with a specific margin of error. However, terms pertaining to these intervals might seem tricky which is why it’s essential to avoid following statistical mistakes while dealing with these calculations. This will reduce the risk of costly statistical errors, thus ensuring a hassle free working environment.…

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Know Your Numbers: 4 Critical Tips on Managing Accounting for Startups

If you’ve got a startup, you know there’s already several areas of business to cover. Marketing, sales, accounting are all areas you’ll handle, even if you’re not proficient in them.

Know your numbers by managing accounting better

But how can you manage accounting for startups when you have little to no experience in bookkeeping or financial management for a business? Can you ensure company growth regardless?

Research shows that 9 out of 10 startups fail within their first year. Careful bookkeeping practices can protect your company and ensure safety and prevent this statistic from happening to you.

Check out these tips and see how it’s possible to take your company from startup to success.…

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