Latest Posts

  • Financial Industry

    What are the principles for business?

    The Principles 1 Integrity A firm must conduct its business with integrity. 3 Management and control A firm must take reasonable care to organise and control its affairs responsibly and effectively, with adequate risk management systems. 4 Financial prudence A firm must maintain adequate financial resources. What are the 7…

  • Financial Industry

    How much is a Series 6 license?

    In order to obtain any securities license, a person must pass the SIE. The Series 6 exam costs $75; the Series 7 costs $300; the Series 63 costs $147; the Series 65 costs $187; and the Series 66 costs $177. Is a Series 6 hard to get? Series 6 Exam…

  • Government Business

    What is White House security clearance?

    What is security clearance and how do you get it? To obtain a security clearance you must be sponsored by a government agency for a position which requires access to classified information. You must be a U.S. citizen to obtain a security clearance.There are three main types of security clearance:…

  • Bankruptcy

    What is a financially distressed company?

    Financial distress The Companies Act defines “financially distressed”, to mean that it appears to be: i. reasonably unlikely that the company will be able to pay all of its debts as they fall due and. payable within the immediately ensuing six months, or. ii. How do you know if a…

  • Home Financing

    What is a first lien mortgage loan?

    A First Lien Home Equity Loan (First Lien) is a mortgage product, meaning it’s a loan secured with real estate as collateral. However, First Liens are generally taken out when you’ve already purchased a home with a traditional mortgage. What is the difference between 1st lien and 2nd lien? A…

  • Financial Industry

    What does ADV stand for SEC?

    Uniform Application for Investment Adviser RegistrationUniform Application for Investment Adviser Registration (or more commonly known as the Form ADV) is used as the official application document to register as an investment advisor firm. What is a ADV? Form ADV is the uniform form used by investment advisers to register with…

  • Uncategorized

    What are the main differences between internal auditing and external auditing within an MNC?

    Internal auditors will examine issues related to company business practices and risks, while external auditors examine the financial records and issue an opinion regarding the financial statements of the company. Internal audits are conducted throughout the year, while external auditors conduct a single annual audit. What are differences between internal…

  • Uncategorized

    What is a co signers responsibility?

    A co-signer takes full responsibility for paying back a loan, along with the primary borrower. Often a co-signer will be a family member. The co-signer is obligated to pay any missed payments and even the full amount of the loan if the borrower doesn’t pay. What happens if you are…

  • Home Financing

    How does a piggyback mortgage work?

    A “piggyback” second mortgage is a home equity loan or home equity line of credit (HELOC) that is made at the same time as your main mortgage. Its purpose is to allow borrowers with low down payment savings to borrow additional money in order to qualify for a main mortgage…

  • Personal Taxes

    What is Section 291 recapture?

    Code Sec. 291 contains additional depreciation recapture rules applicable solely to corporations which dispose of depreciable real estate. This recapture is in addition to any recapture first calculated under Sec. 1250. In order to calculate Sec. What does it mean to recapture taxes? What is recapture? Recapture tax is paying…

  • Personal Taxes

    Can I sell stuff on eBay for free?

    For most casual sellers, it’s free to list on eBay. If you list more than 250 items per month, you’ll start paying a $0.35 insertion fee per listing. How do I sell on eBay without fees? When you’re just starting out on eBay, you have access to a free seller…

  • Credit Cards

    Is national debt a good thing?

    In the short run, public debt is a good way for countries to get extra funds to invest in their economic growth. Public debt is a safe way for people in other countries to invest in another country’s growth by buying government bonds. Is it good for a country to…