Mar 29, 2011

Brief Introduction of Forex Terms for Business Students

Business students should try to take interest in forex news and trade development as well for getting better understanding about the current market and business functions. There are general Forex terms define as under:

Broker: It is Common name used to define, generally, that act as the middle-man in the financial markets. There are two types of brokers, market makers (dealing desk) or ECNs (non-dealing desk).

ECN: Stands for Electronic Currency Network. It directs the client straight through the interbank market, usually resulting in tighter spreads. Most ECN's have a fixed commission per roun/turn lot.

Lot: Pack in which trading units/merchandise being sent to the market. There are 3
types of lots: mini and regular. A micro lot consists of 1,000 units of the base currency. A mini lot consists of 10,000 units of the base currency. A regular lot consists of 100,000 units of the base currency.

Pip: The smallest price change that a given exchange rate can make.

Leverage: The use of various financial instruments such as the scope for increasing the earning capacity of an investment.

Margin: The amount of capital provided by the customer as a percentage of the current market value of securities in a margin account instead ...

Market Maker: Middle-man between the user and retail interbank market. Interbank liquidity provider charges the market maker a small commission for access to tradeable volumes. The market maker to offer charging for their customers access to tradable prices in the foreign exchange market.

Spread: The difference between the bid and the ask price of a security or asset.

STP: Straight Through Processing. This is a complete rationalization and automation of an entire transaction. or if a change request is made, there has been no manual intervention from the back and forth phone calls and faxes to confirm the approval, and it is. No manual intervention is also, of course, leaves no room for human error. This contract allows e-merchants trying to play with an agent bank occurs without interaction with a "middle man", whose job it is, the market exchange of money between customers make the room.

Mar 12, 2011

Plan of Action for the Manager of Sales

On goals for you and your sales staff, you start with the action plan, these key elements: a starting point, written goals, a plan, how to deal with setbacks and roadblocks, checkpoints , dashboard, reward systems, Review.

Starting Point
Before you decide where you want to go see where you are. Get a three-ring binder, a lot of paper, a pencil and an eraser great. Find a quiet place and write a clear statement of where you are today. Take your time. They were without a roadmap for this long, a little longer will not hurt.Be as you can as an adult. This is not a "make me proud of you" exercise is not a "kick me". Be honest - did anyone see your plan if you wish to bid for control.

Written goals
Start a list of what you want while the rest of your life to achieve. List tangible (things) and intangible (identity) to be achieved.
You can view these areas of your life: economic, professional, family, social, health, spiritual sport and education.
At the end of this list, go back and rank them in order of priority - most important to least important. How you do this, make sure that priorities are not all from one area of your life. You do not want to be the richest person in the cemetery, or the lowest handicap on the golf course, while your family is scattered on the beach. If you're like most people, you will probably find a lot of things you thought you did not want that important when viewed in the picture.

Plan
Now you have your goals, why you need to make a plan first?

A. It is easier to move things.

B. Knowledge the image you may be less and easier to make decisions. Good planning is not always clear what should be your current choice, but it will facilitate your decision making. Ask yourself: Is what I do now to help me achieve my goals I? Scheduling allows you the best possible decisions about what to do now to make!

C. To control instead of being controlled.

D. Planning for the future is not predictable. He, however, you can expect, what the most likely to occur.

E. Planning is an ongoing activity, not a periodical.

Q. You'll be better able to translate general objectives into specific objectives and measurable.

G. Planning helps you identify what needs to be done to ensure the desired results. Henry David Thoreau said: "In the long term, met men only, where they arrive."

In your notebook plan of action-from No. 1 start gate, write how you will take to achieve your goals. It is OK to get your paper eraser and much more.

As for the roadblocks and setbacks Deal:
If you meet these goals for the high priority, write to each door, can find any obstacles and setbacks. Then, provided that what will actually happen, how do you cope? This is perhaps the most difficult part of the program, but I never said to spend your life would be easy. The only thing in life is easy to run and shouted: "What happened"

Checkpoints
Decide on a realistic assessment "when" for each of your goals.

Once a date for achieving each of your goals, break each goal into smaller segments of some secondary objectives. Select the date you reach the dates of these shorter-range goals.

After all, if you want to eat an elephant, you do not swallow it. Would you eat a slice at a time!

Dashboard
With your plan and the checkpoints that act on them! You'll start a new enthusiasm for internal review life! What you need on a daily basis, is not as painful and / or difficult to see because you know why you're doing.

If there are times, creep of fear, doubt, anxiety and discouragement? Yes, but remember, John F. Kennedy set the goal for America on the moon in ten years. It happened in seven years. If the man on the moon, you can achieve your goals!

Three of the five cards, a list of these objectives are more important and have with you all the time. Keep looking. Keep updating maps. It will motivate you to continue.

Reward system
Your self knows it is a good idea to work your plan. Your child-I must be a reason. Feed! decide the objectives of your program in advance how you meet the needs of the instant gratification of your salary child-self, and if you plan to achieve your objectives in the short term.

Review
Nothing is etched in stone. As so often as you want to step back and take a look at your image. Want to make a change? Go ahead.

You can now use one of the objectives of the program for your personal and professional life as a tool to help use your vendor can do more.

Excel Functions for Financial Analysis

Excel Functions for Financial Analysis for Finance Manager:
AMORDEGRC (cost, date purchased, first period, salvage, period, rate, basis)
If an asset is purchased in the middle of the accounting period, the prorated depreciation is taken into account.

AMORLINC (cost, date purchased, first period, salvage, period, rate, basis)
Returns the depreciation for each accounting period. If an asset is purchased in the middle of the accounting period, the prorated depreciation is taken into account.

CUMIPMT
Returns the cumulative interest paid between two periods.

CUMPRINC
Returns the cumulative principal paid on a loan between two periods

DB (cost, salvage, life, period, month)
Returns the depreciation of an asset for a specified period using the fixed-declining balance method.

DDB (cost, salvage, life, period, factor)
Returns the depreciation of an asset for a specified period using the double declining balance method or some other method you specify

MIRR (values, finance rate reinvest rate)
Returns the modified internal rate of return for a series of periodic cash flows. MIRR considers both the cost of the investment and the interest received on reinvestment of cash.

IRR (values, guess)
Returns the internal rate of return for a series of cash flows

PV (rate, nper pmt, fv, type)
Returns the present value of an investment

NPV (rate, value1, value2,)
Returns the net present value of an investment based on a series of periodic cash flows and a discount rate

XNPV (rate, values, dates)
Returns the net present value for a schedule of cash flows that is not necessarily periodic.

SLN (cost, salvage, life)
Returns the straight-line depreciation of an asset for one period

SYD (cost, salvage, life, per)
Returns the sum-of-years' digits depreciation of an asset for a specified period
        SYD = (cost-salvage) x (life – per + 1) x 2
                (Life)(Life + 1)

VDB (cost, salvage, life, start period, end period, factor, no switch)
Returns the depreciation of an asset for any period you specify, including partial periods, using the double-declining balance method or some other method you specify. VDB stands for variable declining balance.

XIRR (values, dates, guess)
Returns the internal rate of return for a schedule of cash flows that is not necessarily periodic.

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