Principles and Fundamental Concepts of Basic accounting

With the advent of GST, the demand for Accounting and Taxation roles across the industries is evolving at a rapid pace. Companies are becoming increasingly reliant on software programs to meet their technical job requirements. 

If you are a fresher (HSC or Commerce degree pass out) and looking to start for an Business Accounting career. You would be probably looking out for jobs like:

•                        Accounts Assistant

•                        Accountant

•                        Accounts Manager

•                        Manager/Sr. Manager

•                        DGM/GM

Although you have ventured into the Commerce Stream expecting for a bright career and decent career prospects, the tough job market can be a stumbling block in the paths of your success. if you are looking for immediate job opportunities after 12th or Graduation, then you’ll need an Business Accounting course will definitely develop the employable skills that are much needed in today’s times.

Business Accounting and Taxation (BAT) is a diploma or short-term course that equips you with the expertise required in the field of Accounting and Compliance. This course will make you job-ready and help you specialize in the field of Accounting and Compliance.

Below are some best 5 reasons why you should be going for an accounting course like this:

• Prepare for 5 Senior Accounting Roles: The course is designed to give hands-on-expertise in the area of accountants, taxation, MIS, compliance, and reporting.

• Learn from TOP CAs: Our Business Accounting & Taxation Program is designed by top class chartered accountants, with a specific focus on helping you to become a professional accountant.
  
   
• Upgrade to the Latest 4 Software: This Accounting course is integrated with high-end accounting software and applications i.e. SAP, Tally, Quick Books, and Advanced Excel, certificates are provided for the same.
  
   
• Get Practical Training: The extensive training, practical case studies, live projects, and hands-on experience on this software is important for any accounts professional to know, grow and prosper in their career.
  
   
• Skill-Up for Higher Pay: Learn accounting skills that are trending like GST, Taxation, Auditing, and Payroll that will serve you with a higher pay. Expect better Return on Investment on your BAT course fees.

At EduPristine, students can expect a mix of case studies, accounting tools, and the hallmark pedagogy of learning through a plethora of hands-on and real-life scenarios. Candidates will understand and apply various practical aspects an accountant deals with. They will learn how to setup a complete Accounting process from the scratch. After successful completion of the program, candidates can apply for multiple roles in the field of Accounting and Taxation. The methodology offers real-life challenges, compelling learners to apply concepts in the class and prepare for career realities.

To know more, you can visit their site: https://www.edupristine.com/courses/business-accounting-taxation-course

India is going Digital, are you?

Digital Marketing simply defined as an umbrella including all internet or online marketing activities that helps in the brand promotion or lead generation in such a competitive business environment. While surfing the internet, you come across various things like some cool and funny memes, sometimes useful sometimes irritating ads, some viral videos, some amazingly written blogs, mobile apps etc. Do you ever wish of creating any of these? If your answer was in affirmative, then congrats you have made your career choice and that is Digital Marketing.

Here are the top reasons why Digital Marketing Courses are gaining so much traction in the recent times:

• According to this research, the digital economy is growing 10 times faster than the traditional economy and firms that engage in online trading are twice as likely to be creating jobs as firms that aren’t.
• It provides you with various career options. If you love coding, you can go for web designing or if you are a born writer, go for content marketing and so on.
• You don’t have to spend sleepless nights mugging up the formulas that you are never going to use in your life.
• You can dress as you like so say bye bye to the boring formals.

If the above sounds good, you definitely need to take the Digital Marketing Career and choose this exciting bandwagon of professionals who are making it big.

Here I wish to tell you why you need a Course like EduPristine’s to boost your Digital Marketing career.
Our learners can expect an eclectic mix of case studies, digital marketing tools, and the hallmark methodology of learning through a live website. Pioneered by EduPristine, hands-on practice through a live website, ad budget, and simulations are the best way to learn digital marketing. This methodology offers real-life challenges, compelling learners to apply concepts in the class.

Digital Marketing course by EduPristine combine practical & experimental training with soft skills training, so you can be market ready. They have a large alumni network of about 50,000+ students and also offer 100% job assistance. You can choose to opt for either classroom training or online training. Edu Pristine is a Google partner, Microsoft Imagine Academy Program Member and also a member of the Digital Marketing Association.

You have to write an exam at the end of the Digital Marketing course to get a certificate which is given based on your performance. Support for additional digital marketing certifications is also provided.

Why Wait for the Future, When You Can Predict It with Predictive Business Analytics?

Analytics, in general, refers to the collection and transformation of data for meaningful insights and business decisions. With big data and business intelligence rapidly gaining importance in today’s world, there is growing demand for analysts and data scientists. According to Mc Kinsey Global Institute’s Report on Big Data, demand for analytical talent in the United States could be 50% – 60% higher than its projected supply by 2018 – there could be a shortfall of around 1.5 million data-savvy managers and analysts. This clearly highlights the fact that a shortage of analytics professionals could become a serious constraint making analytics a lucrative career option for many. A career in analytics could be pursued in any industry – today organizations in most sectors and most fields of work have analytic divisions driving their strategic decisions

Who is a Business Analyst?
A business analyst is someone who analyses an organization’s domain (real or hypothetical) and documents its business or processes or systems, assessing the business model or its integration with technology.

If you are an aspiring business analyst, then I am sure that you’d be searching on Google for the answer and by the end of this article, I assure you that you’ll get that answer. Well becoming a business analyst is no rocket science, just follow the simple steps mentioned below and you’ll be ready to take up the role of a Business Analyst in any reputable company.

Take up a Business Analytics Certification Course
To develop the analytical skills, it is imperative to get trained in business analytics. Good training means increased chances of getting a good job in a good company. If you are a working professional and cannot spare time for the classroom training, then try the search for institutions that provide online courses. Before taking up the course just check the following:

Research about the good institutes that provide business analytics training
Check their course curriculum and see if it matches your expectations
Check what value the certificate holds
Check if any placement assistance is provided

One good institute that I know is EduPristine, and has recently launched the Predictive Business Analytics Course. At EduPristine you can expect a mix of case studies, analytical tools, and the hallmark pedagogy of learning through a plethora of hands-on and real-life scenarios. Finishing the course with our state-of-the-art Capstone project helps the participants to season their skills as a Business Analytics professional; thus, making them ready for the job role. The methodology offers real-life challenges, compelling learners to apply concepts in the class and prepare for career realities.

Sensitivity Analysis: Definition, Uses & Importance

What is Sensitivity Analysis?

Financial risk modeling takes sensitivity analysis to the next level and helps in assessing the probability and potential impact of unfavorable outcomes. Based on the assessments, various decisions with respect to managing, hedging or transferring risks are taken.

Sensitivity analysis is one of the tools that help decision makers with more than a solution to a problem. It provides an appropriate insight into the problems associated with the model under reference. Finally, the decision maker gets a decent idea about how sensitive the optimum solution is chosen by him to any changes in the input values of one or more parameters.

Have you ever been caught in a situation regarding data sensitivity analysis in Financial Modeling? If you have faced a problem before, find your answer right here!

Measurement of sensitivity analysis

Below are mentioned the steps used to conduct sensitivity analysis:

·         Firstly, the base case output is defined; say the NPV at a base case input value (V1) for which the sensitivity is to be measured. All the other inputs of the model are kept constant.

·         Then the value of the output at a new value of the input (V2) while keeping other inputs constant is calculated.

·         Find the percentage change in the output and the percentage change in the input.

·         The sensitivity is calculated by dividing the percentage change in output by the percentage change in input.

This process of testing sensitivity for another input (say cash flows growth rate) while keeping the rest of inputs constant is repeated till the sensitivity figure for each of the inputs is obtained. The conclusion would be that the higher the sensitivity figure, the more sensitive the output is to any change in that input and vice versa.

For Sensitivity Analysis follow the following steps

First LINK the output you want to check sensitivity of? (IN FMCG case link the share Price or EV)

Next decide the variable you want to check the sensitivity of (e.g. WACC; Terminal Growth rate; tax rate etc.)

Let’s say we selected WACC and Terminal Growth which originally n the model is 10.7% and 5%. Now take the range for two variable which will be 8.7; 9.7; 10.7;11.7 and 12.7% for WACC and let’s say 3; 4; 5; 6; 7% for T. Growth. place these numbers on the cell next to your linked cell in step one above. So, if you have linked EV in the cell G30 Wick will come in the cell from H30 - L30 and T Growth will come in cell G31 to G35

Now select the cell from G30 to L35 and go to data tab - "What if Analysis" - "Data table"

Now in the window which pops up in the "row input" select the cell where you have originally calculated your WACC and in Column select cell where you have originally calculated T Growth Rate and press enter

Uses of Sensitivity Analysis

·         The key application of sensitivity analysis is to indicate the sensitivity of simulation to uncertainties in the input values of the model.

·         They help in decision making

·         Sensitivity analysis is a method for predicting the outcome of a decision if a situation turns out to be different compared to the key predictions.

·         It helps in assessing the riskiness of a strategy.

·         Helps in identifying how dependent the output is on a input value. Analyses if the dependency in turn helps in assessing the risk associated.

·         Helps in taking informed and appropriate decisions

·         Aids searching for errors in the model

Conclusion

Sensitivity analysis is one of the tools that help decision makers with more than a solution to a problem. It provides an appropriate insight into the problems associated with the model under reference. Finally, the decision maker gets a decent idea about how sensitive the optimum solution is chosen by him to any changes in the input values of one or more parameters.

What are Accounting Standards and why do they matter?

What are Accounting Standards?

Accounting standards exist to ensure that accounting decisions are made in a unified and reasonable way for effective functioning of the businesses and capital markets. The most important role of accounting standards is the universality that they bring to financial record keeping of both the government as well as non-government organizations.

They are designed to enforce transparency which is especially important in the case of public entities, including the governments or publicly traded companies. The standards enable investors to make comparisons on a like-for-like basis and provide assurance that key elements of a company’s financial controls and systems have been assessed and reported on.

Why use accounting standards?

The International Financial Reporting Standards (IFRS), which was developed by the International Accounting Standards Board, are a set of accounting rules followed by, or being adopted by more than 100 countries. All the listed companies operating in and from the European Union member nations are required to use IFRS after the 28-nation bloc adopted them in 2005. Meanwhile in the US, these standards are called the generally accepted accounting principles or GAAP, the set of standards, guidelines and procedures developed by the Financial Accounting Standards Board and are to be used when accounting for the affairs of most governmental and non-governmental bodies.

Recent reports reveal that all other major economies have initiated a process to consider convergence or adoption of IFRS in the coming future. Since 2007, even the US has allowed the cross-listed firms on the country’s stock markets to file statements prepared under IFRS. Due to the increasing globalization of financial markets and of companies, the use of a single set of financial reporting standards across countries also reduces the cost of preparing the consolidated financial statements of groups made up of companies conducting business worldwide.

Experts suggest that without accounting standards, an investor who has studied the financial statements of a large publicly traded company would not know whether to trust the findings on those statements. Standards mean that taxpayers can see how their tax dollars are being spent and regulators can ensure that laws are followed.

A practicing or a prospective accountant both need to have a thorough understanding of the accounting principles and standards while preparing the financial report of a government or private entity. However, if a person is simply preparing individual income tax statements, understanding of these standards probably isn’t as important.

IFRS accounting standards:

Some of the most important IFRS are listed below in order of their relevance:

IFRS 1: First-time Adoption of International Financial Reporting Standards

IFRS 2: Share-based Payment

IFRS 3: Business Combinations

IFRS 4: Insurance Contracts

IFRS 5: Non-current Assets Held for Sale and Discontinued Operations

IFRS 6: Exploration for and Evaluation of Mineral Assets

IFRS 7: Financial Instruments: Disclosures

IFRS 8: Operating Segments

IFRS 9: Financial Instruments

ACCA Exam Dates and Syllabus 2018

Why to study ACCA?

ACCA makes you eligible to follow your own path to a rewarding and fulfilling career in any sector that you want to work in, in any financial role and position that you would like to work in. It opens doors for you in the corporate world that would have been difficult to prise open.

ACCA is a broad-based certification that opens the doors for diverse rewarding careers in accounting, banking, management, and consulting. You can easily reach influential senior roles in organizations by leveraging your skills with ACCA course.

ACCA doesn’t have a single definite pattern for all of its exams. Broadly the entire ACCA Exam Structure and Pattern are divided into different levels and modules and the ACCA Course pattern varies with them and within them. Let’s try to understand it from the beginning.

ACCA Exam Dates:

The ACCA exam dates for 2018 are as follows:

Exam entry period           Early closing date             Standard closing date     Late closing date

June 2018 exam session 12 February 2018              30 April 2018      7 May 2018

September 2018 exam session   14 May 2018       30 July 2018        6 August 2018

December 2018 exam session    13 August 2018  29 October 2018               5 November 2018

ACCA syllabus offer comprehensive and cutting-edge guidance for all 14 papers in ACCA comprising of ‘Knowledge, Skills, and Professional’ levels.

Subjects Covered:

Thus, there are three levels to the exams. The topics covered in each level are:

Applied Knowledge: Accounting in business(F1), Management Accounting(F2) and Financial Accounting(F3).

Applied Skills: F4 Corporate And Business Law (LW), F5 Performance Management PM, F6 Taxation (TX), F7 Financial Reporting (FR), F8 Auditing and Assurance (AA) and F9 Financial Management (FM)

Professional: There are three levels to this; Professional Essentials which contain Governance, Risk & Ethics (P1), Corporate Reporting (P2) & Business Analysis (P3); Professional Options which contain Advanced Financial Management (P4), Advanced Performance Management (P5), Advanced Taxation (P6) & Advanced Auditing & Assurance (P7) and Strategic Professional which contain Strategic Business Leader & Strategic Business Reporting.

To know more about the ACCA syllabus, click here: https://www.edupristine.com/courses/acca-course

USMLE Visa: Requirements of getting H1 B Visa for IMGs and FMGs

Every IMGS and FMGs must apply for a state license in the state/s they intend to practice. The initial State Licensure requirements will vary depending on the state and will require the applicants to have completed step 3 either before or during the 1-3 year residency training in the US.

International Medical Graduates who wish to enter the US for Residency training/graduate medical education must obtain a visa that permits clinical training. IMGs who do not hold a legal status in the US usually apply for a J-1 or H1B visa for residency training.

H-1 B Temporary Worker The H-1B visa is for temporary workers in specialty occupations who hold professional degrees. The H-1B visa has been extended to IMGs for residency training in the US. The individual must be able to meet all the specified criteria which includes appropriate authorization by the concerned state medical board, ECMFG certification and should have passed the USMLE Step 3 exam. The advantage of the H-1B visa that it does not have the two-year home residency requirement as the J-1 visa.

EduPristine is a leading educational service provider for professionals and students - in the area of test preparation and professional education. It has been founded by industry experts with its headquarters in Mumbai and have office across India. EduPristine has partnered with Becker Healthcare to provide the resources you need to score high on the USMLE exams and move ahead in your journey to residency training in the US. The team of experts at EduPristine will guide you throughout your journey from USMLE exams, USMLE Visa applications, to Medical residency training in the US. It is your one stop shop for all the services you need to successfully enter medical residency training in the US.

To get a complete guide for IMGs and FMGs to get H-1B Visa, click here: https://www.edupristine.com/blog/usmle-h1b-visa

Global Temporary Tables

(Oracle 8i) is considered to be vital for DBAs and developers.

What are Global Temporary Tables:

Data in this table is stored as long as the session or transaction gets over and is private for each session. eventually, after disconnection, the data is lost but the definition of the table remains. Performing ddl operations is not necessary, however.

The synonyms, or views and other structures related to the temporary table don’t disappear after transaction or session. Indexes will be created likewise. The features of Temporary tables have triggers and all the statistics related to table access cost, information of rows and blocks, join cardinality, etc. Foreign keys cannot be integrated into temporary tables.

Examples of usage involves replicated data manipulation from remote tables, it is also useful in temporarily storing a set of rows to be processed against other tables.

There is no denying that Oracle database has evolved over the years. Some redundant features have paved way for ingenious additions to which Oracle Global Temporary Tables (GTT) is one of the latest.

To read more on Global Temporary table in Oracle, read here: https://www.edupristine.com/blog/oracle-global-temporary-tables

Google Logo Change

Has it ever happened to you that you came to know about the new Google’s tool or other news after a month it was announced?? That would not have been the case, if you were updated with latest developments and happenings about Google. How can you stay updated?? Simple, by following the below mentioned Google blogs.

1.            Google Research Blog

Know what is happening in Google and what the new researches are. Google Research Blog gives you latest news from Research at Google. Various researches are carried out for various products of Google like search algorithms, systems infrastructure, machine learning, and programming languages. Through this blog stay updated with all the news

2.            Google Official Blog

Follow Google’s Official Blog to stay updated with news and updates on Google’s products, technology and more. On this blog page you will find product announcements and news, company updates, glimpses into what it’s like to work at Google, discussions on technology and the web, and much more.

3.            Google Inside Adwords Blog

Google Inside Adwords Blog is a must follow for all those who run the Google Adwords campaigns. Through this blog you can stay updated with the news, tips and information on Adwords. The blog page is a central place for you to learn how Google can help make the web work for you and drive your customers from intent to action. So don’t wait more and follow this blog for the latest product and feature announcements, best practices, and case studies, as well as expert recommendations on Google ads products.

4.            Google Webmasters Central Blog

Google Webmasters is a free toolset provided by Google that helps you to know what is going on with your website. By following the Google Webmasters Central Blog you can know about every news on crawling and indexing sites for Google index. If any new feature is to be introduced, you can know it immediately through Google Webmasters Central Blog. So follow this blog and make your website user friendly and easy to find on Google.

5.            Google Apps Update

If you love to know about the new app and their upgrades then I am sure that you would be following the Google Apps Update Blog if not, then its not too late, follow it now. This page is an official feed from the Google Apps team that provides essential information about the new features and improvements in the apps by Google.

6.            Blogger

If you blog constantly on your personal blog at blogger. Com then you will love to read this blog page since it gives you all the latest information on the developments in the new features of blogger. Whether it is inclusion of new templates or custom domains, you can get all the information through their blogs.

7.            Google Analytics Blog

Google Analytics is the enterprise-class web analytics solution that gives one rich insights into the website traffic and marketing effectiveness. By following this Google Analytics Blog, you can stay updated with the newly introduced features and developments. It also provides tutorials to the new features of Google Analytics.

8.            Google and your business Blog

Expand your business by following the tips on blog page of Google and your Business. With the importance of online marketing increasing day by day, this blog page is like a blessing in disguise for all those who are struggling with their web marketing. This blog gives out amazing tips and tricks and other useful information to manage your business with Google solutions.

9.            Google Ads Developer Blog

Through the Google Ads Developer Blog, you can stay updated with news of Adwords, AdSense, DoubleClick, AdMob APIs and SDKs. Follow this blog for latest Ads developer product and feature announcements, case studies, and best practices, as well as opportunities to interact with and learn from the Google’s Ads Developer Relations team and other members of the developer community.

To know more on ideas behind Google strategies, and reasons behind Google logo change, along with other major brands, read this: https://www.edupristine.com/blog/whats-in-a-logo

Analysis of Facebook’s Acquisition of Whatsapp

The Irrational Rationale behind Facebook’s Acquisition of WhatsApp:

Defying all the theories of Corporate Finance and principles of equity valuation, Facebook recently announced acquisition of WhatsApp at a whopping valuation of $ 16 bn…yeah…you heard it right…it’s billion and not million. Add to that shares of Facebook worth $ 3 bn to be issued as restrictive share units to the employees of WhatsApp, the valuation hits the rooftop of $ 19 bn. In terms of magnitude, let’s look at the table below to get a hang of the valuation quoted for WhatsApp.

“Facebook Buys Whatsapp” While we are still gasping for breath after going through the table above, let’s try to be rational and figure out what might have led Facebook price WhatsApp so high.

Irrational Rationale behind WhatsApp Acquisition

Even after spending some 10 hours and flipping through almost all the news articles, reports and analysts’ opinions, I could not figure out any rationale behind such a high valuation. However, I could think of various reasons behind this acquisition. Before we get into the shoes of Facebook’s CEO and start thinking (rationally or irrationally) like him, let’s understand a little bit about the two companies involved here. None of them needs any introduction. And almost all of us would have used / continue to use platform offered by one or both of them.

While these are the statistics that place Facebook as a very strong buyer in comparison to the Target, let’s look at the facts below as well to figure out the reasons behind this acquisition:

1. Highly Active Users Base

The users on WhatsApp are highly active given the level of activity reported in the exhibit above. Facebook in comparison, is losing its shine – this is what I feel after interacting with the many around me.

2. Fast Growing User Base

WhatsApp has demonstrated extraordinary growth in its user base probably unparalleled in history.

3. Complementarity offered by WhatsApp users base

WhatsApp user base is exactly what Facebook is looking for:

WhatsApp has a strong presence internationally and particularly in Europe, India and Latin America. These are also the regions where Facebook is trying to grow its base of users.

WhatsApp and other mobile messaging services are used by all age groups alike. They are widely used by teens and tweens, a group that has recently started dissociating itself from Facebook.

WhatsApp offers a very personalized one on one interaction platform which probably users of Facebook never got and always complained about.

The success factor behind WhatsApp is probably an early embracing of mobile technology. And this is probably the only factor behind Facebook’s struggle. They went public without any revenue from mobile devices. It is still looking to expand its mobile reach.

Although WhatsApp is more limited in its scope and capabilities to Facebook and Twitter, mobile messaging services are becoming competitors to traditional social networks.

4. Threat from Google

Facebook is a relatively new entrant in the internet technology / social media business ecosystem. It needed support / platform to fight the existing and stable players in the ecosystem like Google, Apple, Microsoft and Yahoo. Informal articles on internet suggest that Google attempted acquisition of WhatsApp in the past, even attempted to outbid Facebook after the deal was announced and ultimately even suggested WhatsApp to stay independent as it had been always in the past.

5. Attempt to become a diversified social media player

Facebook may be attempting to emerge as a social media conglomerate. It can aspire to become a dominant player with different tools like Instagram and WhatsApp in its arsenal. Each one does things that the other property can’t.

Intriguing, isn’t it? If you wish to add anything further to the blog, go ahead and post your thoughts in the comments section below!

To know the Business Model of Whatsapp, and the reasons behind why facebook buys whatsapp, read the blog: https://www.edupristine.com/blog/analysis-facebook-acquisition-whatsapp-part-2

career options after 12th

Now that you have cleared your class 12 examinations, have you given any thoughts on what you want to do next? If you are thinking of choosing a career in Commerce then we would say it’s a great choice. In India, Commerce has grown tremendously and is known for providing a wide scope of career options to pursue after class 12. It further gets wider with students realizing the importance of Commerce and the specialization courses associated with it. These courses not only give you an opportunity to grow and make an illustrious career but also help you become the top-notch in your professional career. But the question which troubles you is ‘What will be my career options after 12^th?

It is not a compulsion that you need to have completed your Higher Secondary from Commerce only. A Science or an Arts’ student can also pursue these specialized courses after class 12. As it is rightly said “It’s not what you achieve, it’s what you overcome. That’s what defines your career”. All you need is dedication, hard-working spirit and self-confidence to face all the hurdles coming your way. Now let me throw some light on some of the most prestigious and industry respected career options you can opt for after class 12.

It’s no hidden truth that the present economy has tanked, besides this; the possibility for you to get your dream job in Commerce stream can be less due to the ever-increasing competition. As a matter of fact, companies do not entertain a fresher who’s just out of the college with minimalistic experience at hand, leaving your future and career options after 12th look bleak. Although you have ventured into the Commerce Stream expecting for a bright career and decent career prospects, the tough job market can be a stumbling block in the paths of your success.

Jobs in Commerce have seen a considerable increase in India, however qualifying for a particular job is anyway different. Undoubtedly, Commerce stream offers myriad of jobs in Accounting and Taxes, but qualifying for these sectors requires one to have good experience under one’s belt. Which is why if you are thinking to be an Accountant or a Compliance Manager, a graduation is just not enough. If you wish to pursue jobs after 12th, then you have to go beyond just bookish knowledge. For this, job-oriented commerce courses have sprung up in the recent times.

To know what are the courses after 12^th, read this: https://www.edupristine.com/blog/courses-after-12

How to Use the AutoSum Function in Microsoft Excel

Let excel do math for you regardless of whatever condition you are in. From planning the monthly budget of a common man to balance sheet of an organization, Autosum in excel is a one-click tool in Microsoft Excel that runs functions on a list of data. A handy yet powerful function in Microsoft Excel that can automatically add up a range of cells quickly by saving your time. It’s often faster than creating a formula when you have large sets of data to add up.

I prepared a list of data that I want to add up and let us see, how to do that.

1. In the below scenario, we need to know how much sales we have done at the end of the year for individual location and let’s look how we shall use this AutoSum function.
2. Instead of typing the sum formula, on the right hand side of the home tab, you will be able to find the option AutoSum. Now, click on the dropdown and you shall find several options such as sum, average, count, max, and mind. As we are looking up for the total, select the sum option
3. When you chose the option of Autosum from the ribbon, it automatically guess the range of cells to be added. You can even change the range, it is mutable.
4. Hit enter and you shall receive the sum of the entire column you have selected. There you go.

Likewise, you can perform other operations by selecting the respective option in the AutoSum dropdown.

Whether you are a multi millionaire sitting in your air conditioned cabin or a regular housewife doing her daily grocery shopping, one of the common task that is performed by both is adding the numbers. Yes, in one case we are talking about millions and in other a few hundreds but the point is, you require the adding functions irrespective of your position. AutoSum is one of the most commonly used functions Excel. Along with AutoSum you can also use the functions like Average, Max, Min etc. you can avoid using the formula by using the AutoSum function.

Things to remember while using AutsoSum function in Excel:

●     Autosum can only go up or left, not right or down.

●     You can also press ALT+= (on Windows) or Option+Command+= (on Mac) as an alternative to clicking the Autosum button on the toolbar.

●     Autosum stops when it encounter an empty cell or a cell that doesn't contain a number.

●     Autosum stops functioning when it hits any non-numeric value in your range. Strictly speaking, the Autosum formula will work but the error will stop it calculating the result

Explain Balance Sheet: Define Assets, Liabilities, and Net Worth

A Sample balance sheet is a financial statement which provides an idea of a company’s financial position. The ultimate purpose of the balance sheet is to disclose the financial position of the company at a given time. A balance sheet is mostly prepared at the end of accounting period like a month, quarter or year-end depends on the organization. For larger organizations, a balance sheet must be filled once in a year as a part of company’s statutory accounts. It does by outlining the total assets that a company owns and any amounts that it owes to lenders or banks. A standard company balance sheet has three parts as assets, liabilities, and owner’s equity. Let us discuss in detail as follows.

1. Assets: Asset is anything that a company owns in order to generate income. This could be cash, property, equipment, inventory and so on. As asset is expected to be converted into cash. In a simple balance sheet, assets are indicators of company’s holdings. Assets are further classified into tangible and intangible assets. The tangible assets are further divided into current, long-term and other assets. On the other hand, the intangible assets could be trademark, copyrights etcetera. In a balance sheet, assets having alike properties are usually grouped together. A widely known approach is to bifurcate the assets into current assets and non-current assets.

●      Current Assets: Current assets can be defined as the assets which include cash and the assets that could be converted into cash. Current assets are expected to be consumed within a year. Cash, cash equivalents, accounts receivable, prepaid expenses are some examples to mention.

●      Non-Current Assets: Non-current assets are also often referred as long-term assets. Here, investments are known as the accounting year. Examples of non-current assets are buildings, land, machinery and all intangible assets.

While preparing a balance sheet, the currents assets are mentioned first and non-current assets later.

  2.     Liabilities: Liabilities can be defined as the amount that an organization holds. Liabilities are further divided into current and long-term liabilities on the balance sheet. Let us discuss them in detail.

●      Current Liabilities: Current liabilities are the claims that are expected to meet within a year. These are accounts payable, accrued expenses, taxes payable, or by the provision of goods or services.

●      Long-Term Liabilities: All liabilities that are not current liabilities are considered as long-term liabilities. These are the debts that must be repaid in more than a year from the date on the balance sheet.

  3.     Owner’s Equity: In the balance sheet, owner’s equity is often referred as a shareholder equity. This is also known as a book value. Owner’s equity can be considered as the net assets. It is the assets minus the liabilities. Any remaining value in assets can be attributed to owner’s equity.

The formula of the balance sheet can be defined as:

Assets = Liabilities + Owner’s Equity

How to prepare a simple Balance Sheet?

There are two formats to represent the balance sheet. In the account format the items are presented horizontally whereas, in the report format, the asset items are listed vertically.

Why is the Balance Sheet important?

A simple balance sheet provides a whole picture of the financial health of an organization at a given period of time. The balance sheet tells you the current value of your assets and the complete view of your business. A balance sheet could also serve as an indicator before any disaster occurs in the business. With the help of a balance sheet, you can analyze the following things such as, the general financial position of the business, productivity, and growth of the business and Warning signs that there is a threat ahead. 

Components of the Balance Sheet

The three major components of the balance-sheet that indicate what the company owns and owes are Assets, Liabilities and Owner’s Equity.

Assets:

Assets can be defined as the valuables that the company owns to benefit from or are used to generate income. They are the resources of the company that has future economic value. These are categorized into tangible and intangible assets. The tangible assets are further bifurcated into current, long-term and other assets. The non-tangible assets are the trademark, copyrights, goodwill to mention a few.

Current assets include the cash, accounts receivable, prepaid expenses and all that can be converted into cash within a year.

Long-term assets are also called fixed assets. They are distinguished from the current assets due to their longevity in generating revenues. All fixed assets except for land are shown on the balance-sheet at original cost less depreciation.

Liabilities:

Liabilities are debts owed by the business. These are claims of the creditors against the assets of the business. These are claims or obligations that arise out of past or current transactions. Liabilities are classified into current and long-term liabilities.

Current liabilities are accounts payable, accrued expenses, taxes payable, the current due within one year portion of long-term debt and any other obligations due within a year.

Long-term liabilities are debts that must be repaid by the business in more than one year from the date of the balance sheet.

Net worth (Owner’s Equity): Owner’s equity (called when it’s sole proprietorship) sometimes is also referred to as the book value of the company because owner’s equity is equal to the reported asset minus the reported liability.

Assets = Liabilities + Net worth, this can be reposed to yield the definition of net worth, which is the balance after the liabilities are subtracted from the assets of the business.

Top 5 AGRICULTURE FOOD SUPPLIERS

Here is the rundown of best 5 agribusiness nourishment provider’s .with planning to illuminate this are extremely well known among all. Considering its request this are extremely useful to the individual who is searching for the farming sustenance providers:

1. PGR Agro Solution Pvt. Ltd. : Email ID-vijayglsbiotech@gmail.com, Vijay Ghodekar, contact No: 9405160450, 9820551204

With an expect to give our significant clients a wide collection of items, PGR Agro Solution Pvt. Ltd. from 2017 is Manufacturing and Biostimulant Plant Growth Promoters, Pest Repellent, Plant Nutrition and some more. Offered accumulations of these items are made by utilizing subjective fixings and dynamic innovation. These items are profoundly appreciated by the customers for their precise piece, long timeframe of realistic usability, non harmful and high virtue highlights. Aside from this, these offered ranges are utilized as a part of horticulture fields. We have built up a complex foundation office at our premises.

2. Orbit International Technologies Pvt. Ltd., 404, Tremandal Complex, Secretariat Road, Hyderabad — 500004 (A.P.).

IQF Systems for Vegetables and Fruits, Potato Processing Equipment, Vegetable Dehydration, Nut Processing Equipment, Vegetable and Fruit Storage System and Vegetable and Fruit Processing Equipments.

3. Sifter International, 83, Sector — 6, Industrial Area, Faridabad-121 006Ph: 0129–4067129 Plant. Fax: 0129–2230039 E-mail: cs@sifterinternational.com

Finish Plant Supplier on turn-key reason for. Tomato Processing, Spice Plant, Energy Food, Fruits, Juices and Concentrates and so forth and Flour Mill plant

4. Advance Machinery Corporation 220, Ranaga Konar Street, Kattor, Coimbatore — 641009. Ph: 0422–2233257, Fax: 0422–2235297, E-mail Lcaacb@del3vsnl.net.in.

Sustenance Packaging and preparing hardware including natural product juicer, organic product pulper, vacuum fluid filler, pulvariser, potato chips creator, shape fills seal machine, warm fixing machine, drum top sealer PP top fixing machine

5. Bombay Industrial Engg., 13, Crystal Apartment, Gulmohar Cross. Street, 11, JVPD Scheme, Mumbai-400049. Ph-022–26232810, Fax-022–26201914 E-mail:ijeshgal@bom5.vsnl.in.

Pulpers, juice extractors, steam jacketted pots, organic product cuts pounds, mango and canning impedes.

Business Analyst Job Description & Career Profile

In today’s complex business environment, if you’re the one who digs evaluating and analyzing data, interacting with a variety of people, bringing meaningful insights, creating solutions, a career as a business analyst could be for you. Before you line up the things, it is imperative to know the significance and what exactly is business analytics meant for.

Business analysis is the process of understanding business needs, capturing, analyzing, documenting the requirements, and delivering the requirements to the relevant stakeholders. Business analytics is used to evaluate organization-wide operations and can be performed from sales to customer services. With an eternal thirst to be best in the market, there should be consistent performance and this is where business analysts come into the picture. Business analyst produces the requirements which distinctly state the business needs to enhance the competitiveness and the performance of a company. Business analyst acts a bridge in between the current issues and the answers to mend it. Business analysts consistently work on improving or updating a computer system like how an architecture builds. 

Business Analyst Job Description: Business analyst conducts market analysis, gather essential data, ensure business data, compile into reports, which managers and shareholders can use. Exceptional communication, analytical, and technical skills are must-have traits to be a business analyst though. As a business analyst, you are expected to have the following skills.

●      Creating, analyzing, and validating detailed functional specifications.

●      Using business analysis, flow charts, activity diagrams, document analysis, workflow analysis.

●      Interpreting business needs of customers and translating them into the application and operational requirement with the help of strong analytical and product management skills.

●      Creating a detailed business analysis, outlining problems, figuring out opportunities and solutions for a business.

●      Communicating the benefits of your recommendations across departments and assist to address any uncertainty.

●      Collaborating proactively with internal and external customers to analyses information needs and functional requirements and delivering use cases, interface designs as when required.

●      Delivering work products throughout the project life cycle.

●      Challenging the presumptions of business units on how they can execute their strategies successfully.

●      Producing written documentation to support the work, report on findings to present to the stakeholders when necessary.

●      Using the natural language to develop requirement specifications.

Business Analyst Duties:

●      Understanding the requirements of the business. The vital role of a business analyst is to work with the project stakeholders and understand their requirements and translated them in a technical way that developers can understand.

●      It is an inevitable responsibility of a business analyst to lead ad hoc or formalized teams as they need to coordinate and structure on designated projects or assignments to achieve fruitful results. 

●      Business analyst’s core responsibility is to correct defects, make changes, maintenance and enhancement of the values of the system. They are also expected to provide reports of several documents.

●      Helping technically in training and coaching of professional and technical staff.

●      As mentioned earlier, the business analysts main role is to build the business requirement specification. They have to develop informative, usable, and coherent documents for the professional success. Hence, technical skill is must to become a data analyst.

●      A business analyst must be strong in decision making and can use the formalized techniques like decision matrix which assists in making business appropriate and possess the top-notch quality to provide the best possible service for the clients.

●      Business analysts responsibilities don’t end up with the identification of needs and requirements but also expected to ensure that the product is functioning well as it has been designed. This is where user acceptance testing comes into the picture and business analysts should actively come up with several test scenarios.

So ultimately it’s upon you as to which salary bar you want to place yourself in. If going for a business analyst career is your decision then its better you start right away and line up some interviews for yourself. To help you clear your business analyst job interview, we have collated a list of Important Interview Questions and their Answers that will help you in clearing your interview.

Business analysts are required to have over all business knowledge and skills, which can be obtained through EduPristine’s Business Analytics Certification.

Let us know how this article has helped you in getting insights about the job description, duties and salary package of a business analyst.

Business Analyst Salary: Salary of a data analyst usually is dependent on the organization and job responsibilities. It’s not a surprise that business analysts do get a substantial paycheck compared to other roles in entry-level considering the fact that they have the responsibility to meet the end.

But, you have to be outstanding and exhibit your skills to stand out from the cluster. So, what are you waiting for? EduPristine offers a top-notch big analytics source that gives your career a much-needed boost. Let us know in the comment section below how this article have helped you in getting insights