What is a Financial Institution? What Is a Financial Institution (FI)? A financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange. Financial institutions include a broad range of business operations within the financial services sector, including banks, insurance companies, brokerage firms, […]
What is a Financial Institution? Read More »
Investing: An Introduction The investment landscape can be extremely dynamic and ever-evolving. But those who take the time to understand the basic principles and the different asset classes stand to gain significantly over the long haul. The first step is learning to distinguish different types of investments and what rung each occupies on the risk
Investing: An Introduction Read More »
Mutual Funds: Different Types and How They Are Priced What Is a Mutual Fund? A mutual funds is a financial vehicle that pools assets from shareholders to invest in securities like stocks, bonds, money market instruments, and other assets. Mutual funds are operated by professional money managers, who allocate the fund’s assets and attempt to
Mutual Funds: Different Types and How They Are Priced Read More »
Financial Portfolio: What It Is, and How to Create and Manage One What Is a Financial Portfolio? A portfolio is a collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs). People generally believe that stocks, bonds, and cash comprise the core of a portfolio. Though this is often
Financial Portfolio: What It Is, and How to Create and Manage One Read More »
What Are Shares? How They Compare to Stocks What Are Shares? Shares are units of ownership in a company. The terms “shares” and “stocks” are often used interchangeably, but they represent a company differently. While this may seem confusing, it is a matter of how you’re talking about a company and how much ownership you
What Are Shares? How They Compare to Stocks Read More »
What Is a Chartered Accountant (CA) and What Do They Do? What Is a Chartered Accountant (CA)? A chartered accountant (CA) is a financial professional who is qualified to execute certain accounting procedures. It also refers to an accounting designation granted internationally to individuals aside from the United States. CAs work in four main areas, including applied
What Is a Chartered Accountant (CA) and What Do They Do? Read More »
What Does Finance Mean? Its History, Types, and Importance Explained What Is Finance? Finance is a term for matters regarding the management, creation, and study of money and investments. It involves the use of credit and debt, securities, and investment to finance current projects using future income flows. Because of this temporal aspect, finance
What Does Finance Mean? Its History, Types, and Importance Explained Read More »
Accounting Explained With Brief History and Modern Job Requirements What Is Accounting? Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions
Accounting Explained With Brief History and Modern Job Requirements Read More »
What Is a Budget? Plus 10 Budgeting Myths Holding You Back What Is a Budget? The term budget refers to an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis. Budgets can be made for any entity that wants to spend money, including governments and businesses, along with
What Is a Budget? Plus 10 Budgeting Myths Holding You Back Read More »
Securities and Exchange Commission (SEC) Defined, How It Works What Is the Securities and Exchange Commission (SEC)? The U.S. Securities and Exchange Commission (SEC) is an independent federal government regulatory agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation. It was created by Congress in 1934 as the first
Securities and Exchange Commission (SEC) Defined, How It Works Read More »