Unlike someone calling himself a CPA or a physician, just about anyone can call himself a “financial planner” or a “financial advisor” regardless of their educational background and professional experience. Moreover, not all of them are unbiased in their advice and not all of them always act in their clients’ best interests. To ensure your financial planner is well-qualified in personal finances and impartial in his advice, consider the following five things: 1. Planning Credentials: Having a highly-regarded credential in financial planning, such as Certified Financial Planner (CFP) or Personal Financial Specialist (PFS), confirms that the professional you intend to work with has acquired the education and experience necessary to serve as a financial planner. CFP and PFS credentials are awarded to only those individuals who have met the certification requirements of education and experience in planning for personal finances. In addition, they have to pass the certification examinations and
Reserves 1. It is created by debiting the profit and loss appropriation account. 2. It is created to meet an unknown liability, or to strengthen the financial position of the company or for equalization of dividends etc. 3. A reserve is created only when there is profit in the business. 4. It can be distributed among shareholders as dividend. 5. The reserve is created without taking into consideration the actual amount required except in the case of redemption of debentures when a definite sum is set aside. 6. Creation of reserve depends upon the financial policy of the business and discretion of its management. 7. It is usually shown on the liability side of the balance sheet as it is not a specific reserve. Provisions 1. It is created by debiting the profit and loss account. 2. It is created to meet a known liability or a specific contingency, e.g..
Lessons from the Front Line I sat glued to the news conference as three wounded soldiers – Marine Lance Corporal Joshua Menard, Army Staff Sergeant James Villafane, and Army Sergeant Charles Horgan – recounted their experiences of coming under fire from Iraqi troops in civilian dress at the city of Nassiriya. Villafane and Horgan told about being struck by an incoming missile. As I watched, I, too, was struck…by the similarities between their experiences on the battlefield and those of stressed-out families, “under fire.” Listen and learn from their experiences. Lesson 1: DON’T BE CAUGHT OFF-GUARD; PREPARE. Menard said, “We were very surprised. We were told that when we were going through Nassiriya that we would see little to no resistance. They weren’t rolling over like we thought they would.” Realistically anticipate and prepare for the inevitable challenges your family will face. “Prepare for the worst,” while guarding the positive
Different businesses require varying software solutions to make processes smoother through all departments. The best you can do as a business or individual is to choose a software development company you can trust to offer you the best solutions for the needs you have. With the increase in software technology companies, you can only get the best when you know what matters most in finding the perfect solutions for your line of business. Professionalism – Only professionals will be in a position to develop a professional program or software application for you. The software technology company should therefore give you that professional impression from their website appearance to media interactions. If possible to physically visit the company then you can do so just to see how organized, professional and clean the offices are and all. Professionalism goes hand in hand with efficiency so choose a company you can fully trust