Posts tagged ‘Study’

After Enron and 2008 Crisis CFA Exam Puts Greatest Weight on Financial Reporting and Analysis and Author of Prep Guides for Wall Streets Toughest Test Gives 5 Study Tips

Freindswood, TX (PRWEB) September 30, 2014

The Enron debacle, a series of accounting scandals, and the ethical misconduct of credit ratings agencies in the 2008 financial crisis, have turned a spotlight on financial analysts and how well they do their jobs. The Chartered Financial Analyst (CFA) exam — a famously grueling three-level, four-year marathon that bestows Wall Street’s most coveted professional credential – puts the greatest weight on Financial Reporting and Analysis.

Jane Vessey, CFA instructor and author of the popular ExamWise Q&A workbooks for CFA Level I, notes that the Level I exam, coming this December, allocates 20% of its score, and the 2015 Level II will allocate another 15-20% of total marks to this critical area.

The CFA Institute responds to these and other issues throughout the curriculum that forms the basis of the exam. In the six-volume set, the Ethics Study Session discusses issues revolving around conflicts of interest and the need to prepare research in a diligent manner. Other Study Sessions give analysts tools to thoroughly understand and analyze financial statements and spot the signs that accounts are being manipulated.

Oxford educated and London based, Vessey says, “The Study Sessions focus on the importance of understanding alternative methods of accounting and candidates must not only be able to calculate numbers, but also understand the impact of accounting choices on financial ratios. These are essential skills for analysts who compare companies operating in different accounting jurisdictions as well as within a single country where companies can quite legitimately use different accounting methods.

Based on her CFA exam prep courses and books, Vessey offers these 5 study tips for passing the Financial Reporting and Analysis section:

1)    Study Session 7 is an introductory chapter aimed at candidates with little prior knowledge of financial reporting. For those who already have a good grasp of financial reporting this Study Session can be completed relatively quickly. They can then allocate more time to focus on Study Sessions 8 and 9, which require more detailed study.

2)    The financial ratios covered in Study Session 8 are critical, so candidates need to make sure they learn the CFA definitions since these will be tested in the exams. Different text books may teach slightly different definitions, but in CFA readings ‘debt’ is defined as total interest-bearing debt, both long and short term.

3)    Cash flows are important. They’re generally less easy to manipulate and usually not affected by choice of accounting methods (unless there’s a tax effect). Allocation of cash flow between operating, financing, and investing activities is essential to understanding how a company is financing its operations.

4)    Study Session 9 is long and will take candidates time to work through. Candidates shouldn’t just focus on calculations, but on understanding how alternative accounting methods will affect the financial statements and the ratios they learned in the previous Study Session.

5)    Throughout the Readings, candidates need to pay attention to the differences between US GAAP and IFRS and how the differences affect the financial statements. Candidates are expected to have a thorough knowledge of the two systems.

For those students planning to take the exams in 2015, Vessey notes there is a new Reading in the 2015 Study Session 9 that builds on the existing Reading 33, while Reading 34 has been removed.

Jane Vessey’s two volumes of CFA Level I practice questions are available from, Barnes and Noble, Books-a-Million, and other booksellers: ExamWise 2014 CFA Level I Volume 1 – The Candidates 450 Question And Answer Workbook For Chartered Financial Analyst Exam and the companion volume 2.

The Publisher, TotalRecall Publications, offers CFA candidates free mock exams via a test engine download at

Jane Vessey, CFA, graduated in Mathematics from Oxford University and is a CFA charterholder. She manages a training company in the United Kingdom specializing in financial analysis and investment. After 20 years in the investment management business in London, Tokyo, and Indonesia, she now lectures at leading business schools and trains investment practitioners in top financial firms. She has been a visiting lecturer at Cass Business School teaching classes in asset management and valuation and is a visiting lecturer at Cranfield Business School. She has developed online training programs for students taking the CFA examinations and teaches CFA preparatory courses at a number of universities.

Located in Friendswood, TX, near Houston, TotalRecall Publications, Inc. was founded in 1998 by Bruce Moran, a former NASA IT professional who transitioned into computer instruction and educational materials. The company began with the introduction of study guides and innovative Q&A testing software for numerous computer certification exams. In 2005, TotalRecall applied these successful formats to the financial industry and launched products for the Chartered Financial Analyst (CFA) exams for Levels I and II. In addition to the ExamWise Q&A workbooks, the company also publishes the comprehensive CFA study guide A-Plus Study Notes CFA Level I Certification: A Complete Course of Study for Chartered Financial Analyst, by Samuel J. Gottlieb, CFP, CFA. Gottlieb also writes a similar book for Level II. TotalRecall publishes more than 200 non-fiction and fiction titles, all distributed worldwide through book retailers and wholesalers and via eBook databases such as ebrary, EBSCO, and See for a complete listing of financial books.

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Study Conducted by Reveals Top 10 Most Generous Nations in the World

Atlanta, Georgia (PRWEB) August 16, 2014

In the past year, took a close look at its records in order to reveal which nation’s immigrants send more mobile top ups to family and friends living in their homeland. The question asked was simple: which citizens living abroad are more generous and kind and express their care by sending a mobile top up back home? is not the only company interested in people’s generosity level. The 2013 World Giving Index states the world became a more generous place than the previous year. The average percentage of people donating money, volunteering time and helping strangers all grew, despite a fall in the rate of growth of the global economy. Fortunately, reports show the same conclusion.

Here is Top 10 countries whose citizens living abroad take care of their family and friends back home by sending them prepay credit for their mobiles:

No. 10: Ghana

Once known as the gold coast, Ghana is the second largest producer of gold in Africa. And the world’s second largest producer of cocoa beans, the main product in chocolate. What’s there not to love and/or miss? customers send frequently top ups to their family and friends back home to popular operators as MTN, Vodafone, Airtel, Tigo, etc, so they could talk more often about their beautiful, blessed country.

No.9: Haiti

The Pearl of the Antilles. People generally miss Haiti, once they visit it, with no relatives residing there, so natives definitely miss the beautiful sights of the island and the natural warmth of its residents. The mobile operators that receive most tops ups are: Digicel, Natcom, Voila.

No. 8: Honduras

With the orchid as national flora of the country and the white-tailed deer as its national fauna, Honduras is a small country with people that still keep close relationships, no matter the distance between the countries they live in. That’s why sending credit to people back home seems to be a gift Hondurans living abroad offer often to their loved ones in Honduras. Their care and love is usually materialised through mobile credit top ups to Tigo and Claro.

No. 7: Nigeria

Either they want to talk about the latest Nollywood movies or just share memories or current developments, calling seems the easiest way to stay in touch. Consequently, Nigeria qualifies in Top 10 most generous nations on as MTN Nigeria & Airtel Nigeria receive a high amount of tops ups send from abroad.

No. 6: Cuba

The largest island in the Caribbean, Cuba is also the most generous one. El Cocodrillo, as Cubans often affectionately refer to Cuba, due to its form, ranks 6 in top. Cubacel recharges are definitely one of the most famous token of appreciation send by Cubans living abroad.

No. 5: Nepal

The ”Never Ending Peace and Love (NEPAL)” is not influenced by the distance, and sending top ups to Ncell and Nepal Telecom helps Nepalese living outside their mother country keep a vivid memory of the amazing landscapes, charismatic mountains and wonderful people back home.

No. 4: Mexico

The whole world is grateful to Mexico for introducing chocolate, corn, and chilies to the world. Gratitude, for more other reasons, also feel Mexicans that left their mother country towards the dear ones at home. This gratitude translates into frequent mobile recharges to Telcel, Movistar Mexico or Unefon, that further translate into long hours of catching up.

No. 3: El Salvador

Either they miss and want to try pupusa recipe or just find out what’s new at home, calling is a must when it comes for Salvadorans that want to keep a close relationship with the people in the home country, even when away. Therefore, they are awarded the bronze medal on’s Top 10 most generous nations.

No.2: Jamaica

Get up, stand up, stand up for… the silver medal, which goes to Jamaica. Longer calls make home feel closer. So does helping people back home return calls or just call more often, by sending them mobile recharges to operators as Digicel and Lime. And Jamaicans seem to have understood this very well!

No.1: The Dominican Republic

The golden medal and’s greatest appreciation for what family and friends mean for them, even when thousands of miles away, goes to… the Dominican Republic. The country of beautiful women is also the country of beautiful people. And generosity seem to be a natural character trait since the highest number of tops to Claro, Orange, Viva, etc. was registered. Dominican Republic is, thus, the most generous nation using

The top up process on is easy, it takes less than 1 minute and the credit is sent instantly to the destination number.

Also, customers may use a feature newly implemented, which can reduce with up to 50% the time they spend while recharging a mobile. All they need to do is to:

Log in to their account.
Go to the Mobile Recharge page. All the prepaid numbers recharged in the last 90 days will be listed here.
Select the number they want to recharge. Both the country and the operator the number belongs to will be automatically filled in.
Choose the amount of the recharge and continue to the checkout page. it’s easy to be generous and to keep in touch with people back home, no matter where customers are currently living.

About is an interactive website and a brand of KeepCalling, a global telecommunications company registered in 2002 in the USA, and listed as no.16 among the fastest growing companies in the USA in 2013. KeepCalling, the company behind, offers many telecom solutions: mobile recharges (direct top ups, airtime credit or mobile load), Voice Credit for calls and SMS, Virtual Numbers (local numbers), monthly plans for different destinations, through various ethnic websites. Presently, KeepCalling serves hundred of thousands of consumers and businesses worldwide, with a high focus on customer satisfaction.

Study: Agencies rely heavily on credit card histories when calculating credit

Study: Agencies rely heavily on credit card histories when calculating credit
WASHINGTON — Anyone who has ever applied for a loan or tried to rent an apartment knows the importance of having a good credit score. Yet there is little understanding of how those scores are devised. A new covered released Thursday by the Consumer …
Read more on Theadanews

Now More People Can Get Credit Scores — Real Ones — For Free
Since scores vary based on the credit bureau, the time when the data was pulled and the formula the lender uses for scoring, it can be hard for even well-informed consumers to know exactly what a lender sees when it pulls their credit. “Now there's the …
Read more on TIME

Home Retail Group to Use DecisionMetrics' Multi-Bureau Decisioning Solution
The solution will seamlessly integrate into all of the retailer's sales channels and back office systems, allowing it to undertake credit searches from more than 1 credit bureau, de-repeat the results and consolidate them into one single credit …
Read more on SYS-CON Media (press release)