On December 3, 2018, parts of the yield curve inverted for the first time in a decade. Specifically, the difference (“yield spread”) between 3-year and 5-year treasuries went negative. Take a look: That’s troubling, because if inverted yield curves from the ... Read More
So you want to break into a career in finance? Buy side or sell side? M&A or private equity? Here we've put together an infographic showing all of corporate finance's major players and how they interact with one another. A ... Read More
Financial planning and analysis (FP&A) is a group within a company’s finance organization that provides senior management with a forecast of the company’s profit and loss (income statement) and operating performance for the upcoming quarter and year. These forecasts inform management on the progress ... Read More
The FP&A career path starts at the analyst level and progresses to director of FP&A: FP&A Analyst Senior FP&A Analyst FP&A Manager Director/VP, FP&A The career path of FP&A professionals is less standard than that of investment bankers or consultants. However, ... Read More
With the growth in the number and size of software companies, we think it's important to shed some light on capitalized software costs. Capitalized software costs are costs such as programmer compensation, software testing and other direct and indirect overhead costs that are capitalized on ... Read More
Under US GAAP, stock based compensation (SBC) is recognized as a non-cash expense on the income statement. Specifically, SBC expense is an operating expense (just like wages) and is allocated to the relevant operating line items: SBC issued to direct labor ... Read More
A key function for the FP&A professional is to perform a budget to actual variance analysis. A budget to actual variance analysis is a process by which a company's budget is compared to actual results and the reasons for the variance ... Read More
A rolling forecast is a management tool that enables organizations to continuously plan (i.e. forecast) over a set time horizon. For example, if your company produces a plan for calendar year 2018, a rolling forecast will re-forecast the next twelve ... Read More
The Series 79 exam, also called the Investment Banking Representative Qualification Examination, is an exam administered by FINRA for investment banking professionals. As long as the investment banker is engaged exclusively in investment banking activities, this exam can be taken ... Read More
The Series 7 exam, also called the General Securities Representative Exam, is a regulatory licensing exam administered by FINRA to assess the competency of entry-level finance professionals involved in the selling, trading or dealing of securities. The Series 7 is ... Read More
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