@neeupp Thank you 😃
Is the registration for CFA level 1 (June'13) still open?
If yes, what is the last date.?
Thanks in advance :)
@ThEPagaLzGuY said:Is the registration for CFA level 1 (June'13) still open?If yes, what is the last date.?Thanks in advance
Hi All,
I'm working in a top Indian outsourcing company.. I have 3 yrs of work exp.. I have been thinking to switch to Finance for a while and have decided now to take up CFA exams. I have a few queries about the tests. It would be great if you could clear out my queries.
1. I'm not from Fin background. I haven't booked for June'13 slot yet. Is registration still open?
Is 5 months prep enough to clear out Level 1 exams ?
2. Is % that we get in each level of exams matters much? Like, a person gets great score can end up in a high paying job?
3. Is it ok to take CFA after 3 years in IT. Currently I'm getting a good salary package. I know that it would take min 3 years to clear all 3 levels. Comparing salarywise, after clearing all 3 levels in CFA, how much package can a person with Non Fin background can expect ? Coz 3 years from now, I will be in a even better package.
Thanks for you help in advance
Shan
@ShanG Hi Shan, Here's my view:
1. Registrations are still open, however since the first deadline has passed you will have to pay higher for the same. If you can take out 2-3 hrs on weekdays and 8-9 hrs on week-ends, five months may just be enuf.
2. Nope the % does not matter. Its either you have cleared the level or you havnt.
3. Considering that you will be completely new to finance with respect to work -ex, you should not expect a significant hike from your then salary 3 years down the line on switching jobs. In many cases, since IT salaries are generally much higher than salaries in finance, you may have to take a cut too. It depends on the market as well.
@anand5787 said:Hi guys,Please explain me when and how negative working capital can be good for company?
Consider it this way - Negative WC or CR CA. Thus the company has creditors and other current liabilities that are higher or that the credit period from the creditors is higher. On the other hand the debtors may be low (in a good manner it could mean that the debtors pay off very fast).
Examples of this could be some restaurant business, the local kirana shop - where the business is indeed cash, but the payment for the inventory could be long credit.
How is this good for the company? - The company is holding very less current assets (meaning that more assets are now earning assets) and balanced with the fact that company has good credit coming in (meaning that almost free financing is happening). This is a good sign that the profitability of the company is good.
Is it always good for the company? - Not necessarily. Consider that if the cash portion is less rather than the debtor portion... Now when the time comes to pay the creditors, there is not enough liquidity to handle the crisis since it may be locked up in debtors or inventory.
What is the Balance? - It depends on the industry that the company is operating in and the players of the working capital cycle who interact with the company on day-to-day basis. Some companies are good to have CR >8 (shipping etc). Others try to balance at CR = 2-3 and still others play it on the edge around 1. Balance and WC mgmt is critical.
Examples of this could be some restaurant business, the local kirana shop - where the business is indeed cash, but the payment for the inventory could be long credit.
How is this good for the company? - The company is holding very less current assets (meaning that more assets are now earning assets) and balanced with the fact that company has good credit coming in (meaning that almost free financing is happening). This is a good sign that the profitability of the company is good.
Is it always good for the company? - Not necessarily. Consider that if the cash portion is less rather than the debtor portion... Now when the time comes to pay the creditors, there is not enough liquidity to handle the crisis since it may be locked up in debtors or inventory.
What is the Balance? - It depends on the industry that the company is operating in and the players of the working capital cycle who interact with the company on day-to-day basis. Some companies are good to have CR >8 (shipping etc). Others try to balance at CR = 2-3 and still others play it on the edge around 1. Balance and WC mgmt is critical.
Hi,
Does anyone need 2013 June CFA level 1 Scheweser books? I have an extra set available with me. Cost=INR 1200.
Regards
Pals, anyone yet to join Pristine in Bangalore for CFA Level 1 (June 2013)? Please ping me, would like to join as a group and avail group discount!
I m working as an application support engineer in Societe Generale. I have worked on Risk Management applications and now working on Accounting applications. Do you guys think CFA will benefit me? Im looking for a change in my profile.
@patnshi said:I m working as an application support engineer in Societe Generale. I have worked on Risk Management applications and now working on Accounting applications. Do you guys think CFA will benefit me? Im looking for a change in my profile.
yes it will....if you have genuine interest in finance with prospects of portfolio manager, investment banker..etc......else go for FRA
@ Tonymba.. Firstly, thanks for your reply! A senior of mine has given CFA but he says its futile for people who do not have relevant experience.
I have supported RMS (Risk Managment Systems) for Deutsche Bank (CIB) in TCS.
Now in Societe Generale(SGCIB) supporting Accounting applications.
Do you think the work that I do now, wil be considered as relevant experience?
He is right. If you do not have a commerce background. Just a CFA without MBA won't help you change careers so easily.
hey all, there is a free seminar happening on CFA course. People who are still in confusion whether to take up this course or not, or would this course help them in their future career or any such kind of doubts can be cleared if you can attend this seminar.
pls register on the following link in case you are interested.
Hey ...i am a last year bcom student and m doing CA along with it. My final is due in May 2014. i am palnning to give my cfa level 1 in june 2013 nw...m in a state of great confusion whthr to opt for it nw or nt...can sum1 plz help me wid d same...n is 2 mnths enuf to prepare for it??..n if yes den hw to go abt d studies...?
@Shrutigokharu 2-4 hrs on weekdays and 7-9 hrs on weekends if u r working ...
if u r non working u can have the liberty of studying 20 hours a day !! :D
wat study material is good for stdying...schweser or the institute's books??
@Shrutigokharu With CA final in may. Appearing for CFA l1 in June will be too much in ur plate. Concentrate on ca finals. You can appear in December fr cfa
SNIPPED.
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@FeRMioN @kushalagg Does dividend policy has any effect on value of the firm? How would Share repurchase and cash dividend would impact the value of the firm?