Month: March 2020

Personal Financial Statement Template | SCORE

If you’re trying to get a business loan from a bank or financing from an investor, they may ask you for a personal financial statement.

A personal financial statement is a snapshot of your personal financial position at a specific point in time.

It lists your assets (what you own), your liabilities (what you owe) and your net worth.

To get your net worth, subtract liabilities from assets. Your net worth can be either positive (if you have more assets than liabilities) or negative (if you have more liabilities than assets).

Examples of personal assets include:

  • Cash
  • Stocks and bonds
  • Real estate
  • Retirement accounts
  • Personal property such as jewelry or cars

Examples of personal liabilities include:

  • Outstanding loans
  • Mortgage
  • Credit card debt

Don’t include business assets or liabilities in your personal financial statement.

When Do You Need a Personal Financial Statement?

When you’re seeking a business loan or other outside

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FDIC: Money Smart – Computer-Based Instruction

Computer-Based Instruction

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The Money Smart Computer-Based Instruction (CBI) is an easy-to-use tool to learn more about basic personal financial management. The CBI can complement formal classes by providing learning assignments that users can complete at their own pace.

The CBI features a game-based learning design and separate learning tracks for adults and young adults. The adult learning track features the 11 modules in the instructor-led Money Smart curriculum for adults. The young adult learning track (for those age 13 and older) features the eight modules in the Money Smart for Young Adults curriculum.

Each module can generally be completed within 30 minutes. Successful completion of a module will earn the user a certificate of completion for the module.

FDIC staff is available to provide technical assistance and to help facilitate partnerships among interested parties.

Access the CBI version of Money Smart:

If you are

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Corporate Finance

Arguably, the role of a corporation’s management is to increase the value of the firm to its shareholders while observing applicable laws and responsibilities. Corporate finance deals with the strategic financial issues associated with achieving this goal, such as how the corporation should raise and manage its capital, what investments the firm should make, what portion of profits should be returned to shareholders in the form of dividends, and whether it makes sense to merge with or acquire another firm.

Balance Sheet Approach to Valuation

If the role of management is to increase the shareholder value, then managers can make better decisions if they can predict the
impact of those decisions on the firm’s value. By observing the difference in the firm’s equity value at different points in time, one can better evaluate the effectiveness of financial decisions. A rudimentary way of valuing the equity of a company is simply

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Personal Pronouns | Grammar | EnglishClub

#StayHome 🧼

Personal pronouns represent specific people or things. We use them depending on:

  • number: singular (eg: I) or plural (eg: we)
  • person: 1st person (eg: I), 2nd person (eg: you) or 3rd person (eg: he)
  • gender: male (eg: he), female (eg: she) or neuter (eg: it)
  • case: subject (eg: we) or object (eg: us)

We use personal pronouns in place of the person or people that we are talking about. My name is Josef but when I am talking about myself I almost always use “I” or “me”, not “Josef”. When I am talking direct to you, I almost always use “you”, not your name. When I am talking about another person, say John, I may start with “John” but then use “he” or “him”. And so on.

Here are the personal pronouns, followed by some example sentences:

number
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The Money Masters

THE MONEY MASTERSMMlogo

BASEL I. In 1988 a faceless, un-elected group of bankers met in Basel, Switzerland at the Bank for International Settlements (“BIS”) – the “Central Banker’s bank” which even Swiss authorities may not enter – and in their “Basel I accords” agreed to a set of minimum capital requirements (8%) for banks. This was a number fine for some banks, but higher than what was in place for France and especially Japanese banks. To raise more capital to reach the 8% level, French and Japanese banks had to reduce loans, causing a recession in France and a depression in Japan, one from which Japan has never fully recovered.

BASEL II. In 2004, the same group met and agreed to Basel II (“The Return of Basel I”)– which required banks to value their capital based on market values, or “mark-to-the-market.” These rules were approved for the US on November

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FinanceDublin.com – Home

  • NTMA statement on anticipated borrowing requirements – “well placed to address any borrowing challenges posed by the economic fallout of Covid-19”

    25 March 2020, 0011.30 hrs: “Ireland is well placed to increase its borrowing activity in the coming years arising from the economic disruption relating to the Covid-19 pandemic, the National Treasury Management Agency (NTMA) said today. “Five years ago the average interest rate on our national debt was close to 4%; it is currently on course to fall below 2%. Five years ago our annual interest bill was over €7.5 billion and is now close to €4 billion” said Conor O’Kelly, chief executive of the NTMA. (Graphic: A flashback to 2013, when Finance Dublin Deals of the Year recognised the historic Sovereign Bonds Deals of the Year that year for €25 billon, helping to pave the way towards the funding progress referenced in today’s statement).


  • Government announces fiscal package
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    What You Need to Know About Making a Personal Guarantee

    Personal guarantees are among the aspects of financing a small business that entrepreneurs love to hate. If you’re seeking a small business loan, you might be asked to provide a personal guarantee of the loan, either in full or part. In fact, laying one’s own finances on the line is a common expectation today.

     

    A personal guarantee, almost by definition, is unsecured, which means it is an amount not tied to any specific asset such as a residence. By making a guarantee, however, you are are putting yourself – and your assets – on the hook, by acting as the loan’s cosigner. If your business dissolves, you will be responsible for repayment. Creditors will go after you in the event that your business fails to repay the loan.

    The Small Business Administration now requires that all loans it guarantees must also be personally guaranteed by anyone with a 20 percent
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    California State Controller’s Office: Unclaimed Property

    California’s Unclaimed Property Law requires banks, insurance companies, corporations, and certain other entities to report and submit their customers’ property to the State Controller’s Office when there has been no activity for a period of time (generally three years). Common types of unclaimed property are bank accounts, stocks, bonds, uncashed checks, insurance benefits, wages, and safe deposit box contents. Property does not include Real Estate. Controller Betty Yee safeguards this lost or forgotten property as long as it takes to reunite it with the rightful owners; there is no deadline for claiming it once it is transferred over to the State Controller’s Office. It is easy to find out if the Controller is protecting property in your name.

    Claiming Your Property

    Did you receive an unclaimed property notice like this? The Controller’s team sends out notices annually in an effort to connect rightful owners with their property before it is

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    M.S. Commerce – Finance Track

    CONCENTRATION: 15 CREDITS
     
    Why consider finance?

    Careers in finance focus on matters of money, profitability, and resource allocation. A wide array of career choices are available within the financial services industry, including but not limited to capital markets, investment banking, asset management, wealth management, financial consulting, and transaction services. Each requires a slightly different skill set and offers potentially very different work environments. If you have strong quantitative skills, enjoy researching and following economic trends or the financial markets, and have strong analytical skills, then the Finance Track may be a good fit for you.

    What skills will you gain?

    In the Finance Track, you will gain a deep and comprehensive understanding of global financial markets and systems, along with the critical financial, analytical, and decision-making methods and tools needed for success in the field. Coursework will cover both theory and practical applications, along with key information on the operational

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    Money Manager Expense & Budget

    Money Manager – the #1 financial planning, review, expense tracking, and personal asset management app for Android!

    Money Manager makes managing personal finances as easy as pie! Now easily record your personal and business financial transactions, generate spending reports, review your daily, weekly and monthly financial data and manage your assets with Money Manager’s spending tracker and budget planner.

    * Applying double entry bookkeeping accounting system
    Money Manager facilitates efficient asset management and accounting. It does not just record your money coming in and out of your account but deposits your money into your account as soon as your income is input and draws money from your account as soon as your expense is input.

    * Budget and expense management function
    Money Manager shows your budget and expenses by a graph so you can see the amount of your expense against your budget quickly and make suitable financial inferences

    *

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