vania-janet/multiturn-rag-retrieval-data huggingface dataset:
https://www.kaplanfinancial.com/securities/series-6-63/  www.prelicence.com   there are a lot of websites that offer pre licensing/study material. your best bet probably won’t be free. (but i think investopedia might have some helpful information)  good luck! i hope two weeks is enough time
God, if the last **[partial audit that revealed trillions in secret loans](http://www.goldstockbull.com/articles/federal-reserve-secret-bank-bailouts-topped-16-trillion/)** wasn't enough- I can't see why we wouldn't give them a full audit. 31 USC § 714 - AUDIT OF FINANCIAL INSTITUTIONS EXAMINATION COUNCIL, FEDERAL RESERVE BOARD, FEDERAL RESERVE BANKS, FEDERAL DEPOSIT INSURANCE CORPORATION, AND OFFICE OF COMPTROLLER OF THE CURRENCY (a) In this section, “agency” means the Financial Institutions Examination Council, the Board of Governors of the Federal Reserve System (in this section referred to as the “Board”), Federal reserve banks, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency. (b) Under regulations of the Comptroller General, the Comptroller General shall audit an agency, but may carry out an onsite examination of an open insured bank or bank holding company only if the appropriate agency has consented in writing. **Audits of the Board and Federal reserve banks may not include—** (1) transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization; (2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations; (3) transactions made under the direction of the Federal Open Market Committee; or (4) a part of a discussion or communication among or between members of the Board and officers and employees of the Federal Reserve System related to clauses (1)–(3) of this subsection. (c) (1) Except as provided in this subsection, an officer or employee of the Government Accountability Office may not disclose information identifying an open bank, an open bank holding company, or a customer of an open or closed bank or bank holding company. The Comptroller General may disclose information related to the affairs of a closed bank or closed bank holding company identifying a customer of the closed bank or closed bank holding company only if the Comptroller General believes the customer had a controlling influence in the management of the closed bank or closed bank holding company or was related to or affiliated with a person or group having a controlling influence.
The duties are:  Responsible for verifying accuracy and correctness of figures, calculations and postings of all recorded transactions against original documents.  Receives any Casino-related Transaction Reports with associated supporting documents for Title 31 Auditor.  Reconciles reports to supporting documents in accordance with established internal gaming controls, as outlined on daily/weekly/monthly/annual checklists.  Issues Exception Reports for any instances of non-compliance with established internal controls.  Coordinates with the lead audit clerk or Accounting Supervisor concerning revenue discrepancies and proposed adjustments to be made to correct the same.  Prepares daily recurring journal entries to record daily activity, as appropriate.  Compiles all reports pertaining to the daily audit operations and distributes/saves in accordance with the distribution list/policy.  Maintains complete audit records in an organized manner for proper record retention as per company policy.  Files all documents and computer reports for future reference.  Other related duties as assigned.   I want to work in corporate finance, forecasting and budgeting.
Financial analysis and modeling. What I find intimidating about CFA Level 1 is not the difficulty level, but the size. As I mentioned above, it's most likely that I will be asked questions on the principles of accounting, financial statement analysis. Unfortunately, my knowledge of these is rather limited.  Do you consider CFA level 1 curriculum materials to be a good resource for learning that?
31 USC § 714 - AUDIT OF FINANCIAL INSTITUTIONS EXAMINATION COUNCIL, FEDERAL RESERVE BOARD, FEDERAL RESERVE BANKS, FEDERAL DEPOSIT INSURANCE CORPORATION, AND OFFICE OF COMPTROLLER OF THE CURRENCY ... snip **Audits of the Board and Federal reserve banks may not include** (1) transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization; (2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations; (3) transactions made under the direction of the Federal Open Market Committee; or (4) a part of a discussion or communication among or between members of the Board and officers and employees of the Federal Reserve System related to clauses (1)–(3) of this subsection. (c) (1) Except as provided in this subsection, an officer or employee of the Government Accountability Office may not disclose information identifying an open bank, an open bank holding company, or a customer of an open or closed bank or bank holding company. The Comptroller General may disclose information related to the affairs of a closed bank or closed bank holding company identifying a customer of the closed bank or closed bank holding company only if the Comptroller General believes the customer had a controlling influence in the management of the closed bank or closed bank holding company or was related to or affiliated with a person or group having a controlling influence. (2) An officer or employee of the Office may discuss a customer, bank, or bank holding company with an official of an agency and may report an apparent criminal violation to an appropriate law enforcement authority of the United States Government or a State. (3) Except as provided under paragraph (4), an officer or employee of the Government Accountability Office may not disclose to any person outside the Government Accountability Office information obtained in audits or examinations conducted under subsection (e) and maintained as confidential by the Board or the Federal reserve banks. (4) This subsection shall not— (A) authorize an officer or employee of an agency to withhold information from any committee or subcommittee of jurisdiction of Congress, or any member of such committee or subcommittee; or (B) limit any disclosure by the Government Accountability Office to any committee or subcommittee of jurisdiction of Congress, or any member of such committee or subcommittee. ...
"First, the balance sheet is where assets, liabilities, & equity live. Balance Sheet Identity: Assets = Liabilities (+ Equity) The income statement is where income and expenses live. General Income Statement Identity: Income = Revenue - Expenses If you want to model yourself correctly (like a business), change your ""income"" account to ""revenue"". Recognized & Realized If you haven't yet closed the position, your gain/loss is ""recognized"".  If you have closed the position, it's ""realized"". Recognized Capital Gains(Losses) Assuming no change in margin requirements: Margin interest should increase margin liabilities thus decrease equity and can be booked as an expense on the income statement. Margin requirements for shorts should not be booked under liabilities unless if you also book a contra-asset balancing out the equity.  Ask a new question for details on this. Realized Capital Gains(Losses) Balance Sheet Identity Concepts One of the most fundamental things to remember when it comes to the balance sheet identity is that ""equity"" is derived. If your assets increase/decrease while liabilities remain constant, your equity increases/decreases. Double Entry Accounting The most fundamental concept of double entry accounting is that debits always equal credits. Here's the beauty: if things don't add up, make a new debit/credit account to account for the imbalance.  This way, the imbalance is always accounted for and can help you chase it down later, the more specific the account label the better."
The Bank Secrecy Act of 1970 requires that banks assist the U.S. Gov't in identifying and preventing money laundering. This means they're required to keep records of cash transactions of Negotiable Instruments, and report any such transactions with a daily aggregate limit of a value greater than (or equal to?) $10,000. Because of this, the business which is issuing the money order is also required to record this transaction to report it to the bank, who then holds the records in case FinCEN wants to review the transactions. EDITED: Added clarification on the $10,000 rule
The balance sheet and income statements are located in the 10-K and 10-Q filings for all publicly traded companies. It will be Item 8.
3 years. I passed each of the three exams on the first try.   But don't forget, to actually receive the CFA charter you need 4 years of financial industry work experience (this can be earned concurrent to sitting for the exams).
Executive Summary: your elevator speech Overview: What it is in detail Disclosure: what can go wrong, in detail subchapter one: internal threats/weakness subchapter two external subchapter three: risk management Proforma financials: heres how much money I need and here's what the books look like at the end of each of five years. Revenue Forecast: how the majic unfolds in units, price, geographically, and any other dimension Corporate/capital structure: how they can get in an out of this investment and other C-suite operating tidbits Execution plan: you receive the money, then what?
A/R-A/P are accounting side, doubtful they will need knowledge of SQL. That is more the trading floor/Risk Management sides or people using large volumes of data from my experience.  To be honest 1-2 years of experience is used as a deterrent for people like you, that just graduated. Use any contacts you have at all, and if those are exhausted go and speak to someone. I can assure you that speaking to someone will get you much farther than just submitting an application online.   Good luck and make sure the job is a right fit for you.
You are correct. The 65 is actually a longer test. The 66 requires you have the 7 first so you don't have strategy or product analysis questions. I have heard some say the 65 is harder because you are registering with the state as an investment advisor so don't need the 7. Regardless the biggest thing is know Uniform Securities Act inside and out.
As the referenced document says, there are 3 formulas, and you need to use the formula which results the greatest margin requirement. In your case, you need to use the 10% formula:
I just made a separate post for this, but since it's Moronic Monday I suppose I suit the occasion with this repost...   I'm applying to work a few major banks as an analyst, and my understanding is that a numerical reasoning test is part of the application process. I'm trying to get ready for it, as most of higher-level education has focused on reading and writing with little to do with numbers. Therefore, does anyone recommend a good numerical reasoning test prep program? Every online program says they're the best, perhaps someone here has actually used one and found it the most helpful. Thanks in advance.
I was only able to find Maryland form 1 to fit your question, so I'll assume you're referring to this form. Note the requirement: Generally all tangible personal property owned, leased, consigned or   used by the business and located within the State of Maryland on   January 1, 201 must be reported. Software license (whether time limited or not, i.e.: what you consider as rental vs purchase) is not tangible property, same goes to the license for the course materials. Note, with digital media - you don't own the content, you merely paid for the license to use it. Design books may be reportable as personal tangible property, and from your list that's the only thing I think should be reported. However, having never stepped a foot in Maryland and having never seen (or even heard of) this ridiculous form before, I'd suggest you verify my humble opinion with a tax adviser (EA/CPA) licensed in the State of Maryland to confirm my understanding of this form.
There are certain standards that modern checks need to meet. These aren't required by law, but banks today generally insist on them. If you are able to meet these standards and print your own checks at home, you are allowed to do so. One way this is commonly done is with purchased check blanks and check printing software. Office supply stores sell check blanks that fit into standard computer printers. This check paper includes the necessary security features of checks, and using the check printing software, you can print your personal information, including your name & address, your bank's name and address, and your account numbers. The account numbers on the bottom of the checks are called the MICR code, which stands for Magnetic Ink Character Recognition. Normally, these numbers were printed with special magnetic ink, which was used in automated check reading machines. Checks that you purchase from your bank still use magnetic ink; however, modern check readers are optical, and don't require magnetic ink. So you should be able to print checks with your printer using standard ink/toner, and not have a problem. Without purpose-specific check printing software, you could still buy blank check paper from the store, and with a little trial-and-error you could print using Excel. The biggest challenge with doing this would be printing the MICR code: you would probably need to install an MICR font on your computer and play around with the size and location until you get it where you want it. Doing a little Googling, I see that there are some check printing Excel templates out there, but I haven't tried any of these, and it is unclear to me whether they actually print the MICR, or whether they assume that you have blank checks with the MICR account number and check numbers already printed. Without purchasing blank check paper, you won't have any of the security features, such as microprinting, watermarks, erasure protection, anti-photocopying background, etc. As you mentioned, if you are depositing checks via mobile phone app, as some banks now allow, none of these security features are doing any good. The problem, however, is that you are not writing checks for yourself; you are writing checks to other people, and you have no way of knowing whether or not their banks are going to give them trouble with your checks.
1. Read history (Money of the Mind, Lords of Finance, bios of volker/greenspan, Against the Gods, Monetary History of the US, Citibank 1812-1970, If There Were No Losses, Technological Revolutions and Financial Capital) 2. Learn Python 3. Take accounting classes 4. Learn about whatever interests you and figure out how to build a thesis around it. Don't forget step 1.
Yup, that's a standard FP&amp;A role alright, coupled with some accounting functions. The good news is, a Senior Financial Analyst role is right around the corner at an organization that will be a lot more fun, with work that's more interesting.   Just make sure your next hop is mostly removed from the daily reporting and close processes, and focuses more on modeling and strategy, that's the fun stuff, at least for me.
Hi all,  I have a modelling test coming up for a FT analyst position, and I'm told it will be an hour. I'm not too sure what to expect, I've done full-blown 3-statement LBOs which I don't think I'm able to finish in one hour and I've also done short-form LBOs where I just built out the income statement and cash flow statement and exit analysis.  Problem is, I've never sat for a one-hour test and I'm not too sure what to expect. Can someone provide some insight please? Thank you very much!
The SEC requires that they register with the SEC due to having more than 500 shareholders.  With that comes public reporting and all kinds of regulatory compliance.  At that point it is more of a practical necessity to follow through with an IPO, even though it is not a legal one.  http://dealbook.nytimes.com/2011/11/29/facebook-may-be-forced-to-go-public-amid-market-gloom/
No. There are no short cuts to pretend you know something even though you never used it.  It's like saying you are truck driver by reading a book on how to drive trucks.  Find an entry level job in accounting/finance, and hopefully it will be using SAP. Even better: take training about how to use SAP for finance, in a school that uses SAP for hands-on training. I doubt it's easy to find such training.
My favorite part: Any bank with a leverage ratio greater than 10% can elect to be exempt from: &gt;(1) Any Federal law, rule, or regulation addressing capital or liquidity requirements or standards. &gt;(2) Any Federal law, rule, or regulation that permits an appropriate Federal banking agency to object to a capital distribution. &gt;(3) Any consideration by an appropriate Federal banking agency of the following: &gt;(A) Any risk the qualifying banking organization may pose to “the stability of the financial system of the United States”, under section 5(c)(2) of the Bank Holding Company Act of 1956. &gt;(B) The “extent to which a proposed acquisition, merger, or consolidation would result in greater or more concentrated risks to the stability of the United States banking or financial system”, under section 3(c)(7) of the Bank Holding Company Act of 1956, so long as the banking organization, after such proposed acquisition, merger, or consolidation, would maintain a quarterly leverage ratio of at least 10 percent. &gt;(C) Whether the performance of an activity by the banking organization could possibly pose a “risk to the stability of the United States banking or financial system”, under section 4(j)(2)(A) of the Bank Holding Company Act of 1956. &gt;(D) Whether the acquisition of control of shares of a company engaged in an activity described in section 4(j)(1)(A) of the Bank Holding Company Act of 1956 could possibly pose a “risk to the stability of the United States banking or financial system”, under section 4(j)(2)(A) of the Bank Holding Company Act of 1956, so long as the banking organization, after acquiring control of such company, would maintain a quarterly leverage ratio of at least 10 percent. &gt;(E) Whether a merger would pose a “risk to the stability of the United States banking or financial system”, under section 18(c)(5) of the Federal Deposit Insurance Act, so long as the banking organization, after such proposed merger, would maintain a quarterly leverage ratio of at least 10 percent.
This is a very simple picture book on ***financial statements*** with retard level examples. Shows COGS, SGA and the like. stockbroker is using terms that are on financial statements.   http://www.amazon.com/Financial-Statements-Step-Step-Understanding/dp/1564143414  A good map for you might be to think in terms of Macro and Micro economics. stockbroker is doing micro - analyzing the fundamentals of a business. Macro economics has to do with big issues of a nations  economy like gdp. Both are important.
That is the maintenance margin required for that position.  Whenever you trade using your margin account, you must (by law, and also separately often by stricter policies from the brokerage) have a certain percentage of equity - at least 25%, often higher.  That protects the brokerage from significant losses if your position drops in value significantly (hopefully preventing the brokerage from failing outright in the event of a major collapse).  If the amount of equity falls below the maintenance requirement, you will have a margin call and be required to put some cash (or equity) into the account to maintain that level. See Maintenance Margin definition on Investopedia for more information.
You cannot become a CFA charterholder without job experience (I think it is 5 years in a finance-related job). But typically, for students or recent graduates, passing the Level 1 exam has a lot of value as it signals your interest in the field and shows that you have the work ethic to go through the 1000+ pages of material. The incremental value of Level 2 and Level 3 is not as much, but they still add value. I did a career change into finance and I planned to take the Level 1, but I found that I didn't have the time to apply for jobs and study at the same time. I ended up getting a job without taking the exam. I did end up taking the exam last weekend after I started working at my new job.
"Sure thing. There is a pretty well established level of understanding that interviewers expect from undergrads (expecially from finance majors) which will fall under the technical questions part of the interview. You can find them on wso, vault guide to ib, and elsewhere. You can ask people at specific banks, but they'll mostly recite ""know your technicals."""
Gold must consist of one or more of the Exchange’s Brand marks, as provided in Chapter 7, current at the date of the delivery of contract. Each bar of Eligible gold must have the weight, fineness, bar number, and brand mark clearly incised on the bar. The weight may be in troy ounces or grams. If the weight is in grams, it must be converted to troy ounces for documentation purposes by dividing the weight in grams by 31.1035 and rounding to the nearest one hundredth of a troy ounce. All documentation must illustrate the weight in troy ounces. Each Warrant issued by a Depository shall reference the serial number and name of the Producer of each bar. Each assay certificate issued by an Assayer shall certify that each bar of gold in the lot assays no less than 995 fineness and weight of each bar and the name of the Producer that produced each bar. Gold must be delivered to a Depository by a Carrier as follows: a. directly from a Producer; b. directly from an Assayer, provided that such gold is accompanied by an assay certificate of such Assayer; or c. directly from another Depository; provided, that such gold was placed in such other Depository pursuant to paragraphs (a) or (b) above."
You'll be fine, fella. An AAT qualification is always useful. Should be able to do it quite easily, and understanding how books can be fiddled is a good idea.  There was a book on it: accounting for growth.  Don't knock accounting, you need to know how a balance sheet and p&amp;l can be frigged. AAT (accounting technician) gives you that with a couple of months study.  There is a huge amount of cock waving and testosterone around. They play very hard and work to death. We used to make two-way prices on how long a trader's marriage would last; probably a bit more tame now.
Honestly, you aren't applying for a financial job. You're not expected to really have any financial knowledge at all. You're being hired to be extremely well-organized, well put together, intelligent and confident.   Make sure in the interview you do everything to live up to their expectations.   Well structured resume and professional resume, pressed suit, stand up straight and talk with confidence.   You can do this! :)
It's to legally allow you to buy/ sell securities on behalf of others and to give advice. Different tests allow different things. 66 is for the basics: stocks and bonds etc. I believe 31 is for insurance or something. I'm not too sure the specifics I'm probably wrong about which test is which though.