Financial Planning Program Exposes Students To Emerging Field

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As with all fields, the financial arena is continuously evolving. With an unstable economy, people are being more careful in how they invest their money and are turning to professionals for guidance. Others, meanwhile, are planning for retirement and need to figure out how to make the money they have accumulated through RRSPs or will receive through a pension plan work for them in their later years. That’s where financial planning advisors come in. According to the Canadian Securities Institute, these professionals are responsible for: assessing clients’ financial needs for retirement, tax and estate planning; formulating financial plans and solutions to fulfill client objectives; implementing financial plans that are monitored and reviewed regularly; staying informed on current investment products and changes in the markets and tax laws; providing comprehensive wealth management advice, including guidance on investment and portfolio management issues, to high net worth clients; referring to, or consulting with, tax, legal and estate planning specialists as needed; prospect for new clients and building an established business.

A report by the Toronto Board of Trade states that, with demographic changes and the need for regulation and associated trained professional, there will be an increasing demand for graduates from programs such as Centennial College’s Financial Planning program. This offering is completed through a series of courses that use instruction materials from professional bodies. Among the topics covered at Centennial College are: marketing, tax planning, retirement financial planning, accounting for managerial decision making, estate planning and risk management, corporate credit management, crafting and executing strategy and more.

As a result of their courses, students have the know-how to:

Integrate economic and personal information necessary for effective financial planning decisions.

Compare, contrast and select financial products and services, investment planning and counselling services for clients, while adhering to industry standards.

Effectively market financial services to clients to gain new and renewal business.

Recognize potential tax and legal implications within a financial planning situation.

Once they complete the program, students graduate with an Ontario College Graduate Certificate as well as well as all of the educational requirements to challenge the Certified Financial Planner (CFP) exam. This resulting Certified Financial Planner (CFP TM) license is required for those who wish to work in: banks, credit unions, financial planning companies, life insurance companies, mutual fund companies and investment dealers.

This Financial Planning certification is open to anyone who currently possesses a three-year college diploma or university degree in a business related discipline. Also considered will be applicants who have a two-year college diploma or a partial university degree (75 per cent complete), and who have a minimum of two years work experience relevant to the program. In addition to these requirements, students may be required to provide proof of English proficiency and may be asked to complete an assessment of numeracy skills.

Scotland on The Cusp Of Establishing Worlds First Ethical Finance Hub

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The Islamic Finance Council (IFC) UK and Scottish law firm Tods Murray are leading the initiative. Islamic and ethical finance are closely related and the sector is growing rapidly. According to an industry expert, Islamic finance will be worth $2 trillion (1.2 trillion) globally by the end of this year.
Speaking ahead of the meeting, Graham Burnside, chairman and head of banking at Tods Murray and IFC board member, said, We have seen ethical finance debate gain real momentum in the last 12 months.
We know that the financial services industry is fully behind the proposal and there is no doubt that Scotland is now well placed to develop the worlds first centre for the development and promotion of ethical finance, which could in turn stimulate the development of innovative financial products.
Last year, figures released by the IFC found that more than 50% of Scots want to see some of their money invested using green or ethical criteria. This signalled the opportunity for the creation of an ethical finance hub.
Swinney commented, Providers of ethical finance have the potential to position themselves as a viable alternative to mainstream institutions within the financial services sector in Scotland which will inevitably benefit consumers and the industry itself as increased competition drives standards and promotes innovation.
According to the organisations, Scotland could also see investment of over 100m in public projects from Islamic capital markets as a result of new powers to issue bonds. From 2015 the Scottish government will have the additional power to issue investment bonds.
Burnside said, This additional source of borrowing paves the way for Scotland to establish a suitably rated sukuk bond which, according to the Islamic Finance Council, could comfortably leverage well in excess of 100m from Islamic capital markets.
The use of these powers could offer a way forward for large scale infrastructure and renewable projects, which is an area of real interest to Gulf investors and one which is generally acknowledged is in search of funding.
The firm added that such a project would bring together key players from government, financial services, academia and the third sector to facilitate both commercial investment and thought leadership.

Company Secretary Courses And Subjects

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Company Secretary Courses

The Company Law Board initiated a course in the year 1960 which is a Diploma in Company Secretary ship by the Government. As a result, the Institute of Company Secretaries of India stretched in the year 1969. These come under the regulation of the Companies Act in 1956 of Section 25. As per the Act of 1980, this was converted into a constitutional organization.

The Course lineup the knowledge in the field of legal affairs and commercial economic filed with the contemporary practice.
The aim of this Course’s is to expand and control the business.

* Foundation Course – 1st Stage: This is for the individual; he should pass the exam of Higher Secondary to meet up the eligibility criteria.

* Intermediate Course – 2nd Stage: The Intermediate Course which the individual should pass the foundation phase.

* Final Course – Last Stage/Final Course: The Final Course which the individual should clear all the two stages accurately to become a successful Company Secretary.

These are the all the 3 stages to be successfully completed

Eligibility Criteria:

Who and how an individual can pursue

* One should have passed his/her Higher Secondary examination or Intermediate Examination in order to pursue the Company Secretary courses.

* Those who are already a graduate and have cleared post graduation in Cost Accountancy or Chartered Accountancy has an advantage which is they can directly apply for the Intermediate stage of company secretary.

Training after Courses of Company Secretary:

After successfully clearing all the stages of the examinations; candidates have to go for a practical training for 16 months in order that the individual becomes the member of the Institute of the CSI and the person will be allocated a Professional Membership Number.

Extra Qualities:

* The person must be devoted and he/she should accomplish the good writing and speaking English skills

* He/she should also attain a moral character

* He/she should be able to understand the strategies and policies of the company. In a straight way he/she should become diplomatic person and should also be intellectual, elegant, loyal and meticulous as well.

Subjects Covers:

* Basic Economics
* Business Communication
* English
* Financial Accounting
* Company Law
* Management Accounting
* General and Commercial Law
* Corporate Secretarial practice
* Banking and Insurance
* World Trade Organization
* Corporate Restructuring
* Human Resource Management and Industrial Relation
* International Trade
* Joint Ventures and Foreign Collaborations and many more

Find The Right Financial Magazine For Your Needs

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These days, everyone is worried about finances. The economy has been slow, Europe is in financial crisis, and it always seems like your money is going somewhere other than in your pocket. Because of this, you’re probably looking for ways to learn more about finances, and find ways to fulfill your own financial needs. One of the best ways to do this is with a financial magazine. A financial magazine can offer a lot of great information on a variety of topics, and can help you learn more about finances, as well as better regulate your money. Finding the right financial magazine for your needs, however, can be tricky. There’s a wide variety of them available, and you want to choose the right one for you. Here are a few things to consider when you’re researching financial magazines that will help you find the right magazine for you. First, consider what you want to read about in a financial magazine. If you’re interested in personal finances in general, you’ll get more useful information from a broad-spectrum magazine that caters to individuals. If you’re considering starting your own business, however, you’ll be more likely to find the information you need in a magazine that talks about the financial ins and outs of small businesses. There are many money-based magazines that cater to both these interests, as well as the interests of home owners, military members, and high-profile CEOs. Finding out what aspects of finance interests you will help you narrow down your magazine choices, and choose the right financial magazine for you. After you’ve narrowed down your interests, consider the reputation of different magazines. While this isn’t the most important aspect of choosing a financial magazine, it can make a difference in the long run. If you choose a magazine that’s well-known, for instance, you’re more likely to get a lot of information that’s been verified. The people working at these larger, well-respected magazines often have connections and experience in the financial industry, and can provide you with more information that’s more accurate than other magazines. That’s not to say smaller magazines don’t provide quality information, but there are advantages to choosing magazines with good reputations. These are two of the most important things to look at when finding the magazine that’s right for your interests and lifestyle, but there are also additional factors that you can look into. How often the magazine is published, for instance, may be important to you. If you don’t have much time to read, you may prefer a magazine that’s published monthly, while those who have more time and interest in finance may want a magazine that comes out every week. Another factor to consider is cost. Financial magazines vary widely in their price range, so be sure to pick one that fits your budget. Price, frequency, reputation, personal interest and magazine focus are all important factors to consider when you’re looking for the right financial magazine for you.

MyReviewsNow.net offers information regarding selecting a financial magazine. For more on financial periodicals, please visit us at MyReviewsNow.net.

How To File For A Tax Extension In Five Simple Steps

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April 15 is the official deadline to file tax returns and pay taxes in the US every year; and though aware of this deadline, many people fail to do so. While some people put off the filing work for no reason, few others dont find the time to gather all their tax documents. No matter what the reason, failing to file the tax return forms within April 15 results in hefty penalties, which keep on accumulating one above the other until the dues are paid off; unless a provision for tax extension is filed. For the benefit of taxpayers of US, the IRS allows a provision for extending the deadline to file tax returns up to 6 months, called IRS tax extension and all it takes is filing the tax extension form 4868 within April 15 and getting it approved. Not only it extends the deadline to file a tax return, but also avoids all sorts of penalties associated with late filing. So without further ado, lets discuss the simple, five step methodology to understand how to file for a tax extension.

1. Understanding Tax Extension

The first and foremost thing to do before knowing how to file for a tax extension is to understand what are its features. An extension essentially extends the time to file a tax return but doesnt extend the deadline for paying your taxes. April 15 shall remain to be the last date to pay all your tax dues and more importantly, April 15 is also the last date to file for a tax extension.

2. Reviewing the Need for Extension

Most people make the unnecessary move of learning how to file for a tax extension without even reviewing the need for an extension in their case. If you have all the documents ready, your accountant available at your service and no financial complications to pay the taxes, there is absolutely no need to buy extra time. It just becomes an excuse to procrastinate and delay filing further and further.

3. Form 4868 and 7004

In order to file for an extension, you need to fill the form 4868 for individual purpose and form 7004 for business. These forms are available both in paper form and online, the latter being the most preferred one. You can download and print the form for free from the IRS website or even take the help of an e-file provider website who also offer an online tax calculator.

4. Filling the Form

Though you know how to file for a tax extension, your form could get rejected by simple entry errors or incorrect information. So fill out the form carefully by providing valid information; and your name, contact information and social security number are the only documents you would need to fill out the form. Once done, you can track the status of your submitted form and get an email confirmation from the IRS on its reception.

5. Filing Tax Returns

Getting an extension of 6 months shouldnt be an excuse to delay filing tax returns. Once you get an approval, gather all the documents you would need, consult your accountant if there is one and ensure you take every aspect into consideration such as tax deposits, tax refunds, due amount etc. to file a tax return that helps your financial interests.

These 5 points are explained in brief and give an outline the process of filing. To know more about how to file for a tax extension, do your research or take the help of an e-file provider website which will not only help you file the extension form but also offers features like online tax calculators and advisory services.