In the financial world, many different terms may be unfamiliar to you. One of these could be an “Interest Rate Cap,” which can help you protect your investments or savings from any drastic changes in interest rates. Interest rate caps have been around for over 50 years and have proven …

An auditor’s opinion is a statement that auditors provide after auditing a company’s financial statements. Usually, this process involves examining these statements and collecting audit evidence. Based on this process, auditors come to a conclusion to form an opinion. Usually, this conclusion entails ensuring the financial statements are free from …

Interest rates are often subject to fluctuations, which can be either upward or downward. When a bank sets an interest rate floor for their customers, it means that the banks will not allow the customer’s interest rates to change below a certain level. This protects the lender in case of …

Since the inception of the idea of econometrics, many economic analysts have used its model to explain the interrelatedness of fundamental economic factors. These factors include labor, capital, interest rates, as well as government’s fiscal and monetary policies. Econometricians use a ton of data available to them to analyze these …

Investing in foreign assets can be a good way to diversify your investment portfolio. But you must first understand the risks involved before diving in head-first. You can make more money by investing in foreign assets, but you could also lose big if the values of the foreign currencies go …

The auditing process requires auditors to collect evidence that supports their work. During this process, auditors must ensure the evidence is sufficient and appropriate. This evidence then forms the basis for the auditor’s report. Apart from the client’s supporting documents, auditors must also possess proof of their plan and the …

When it comes to bond futures contracts, there is a fairly obscure little secret that savvy traders know about. This secret allows those who are aware of it to cash in on the difference between what they need to pay for their bond and what they receive upon delivery. It’s …

The cost of goods sold represents all direct costs incurred on manufacturing a product or acquiring it. Usually, it includes a company’s purchases and other similar expenses that directly contribute to the products. This figure is crucial in calculating gross profits. For service-based firms and companies, however, the cost of …

Governments use bonds to raise money for various reasons. These may include paying off debts, building infrastructure (such as roads, bridges, railways), or running national programs like social security and medicare. Governments also issue bonds when they want to borrow large sums of money in order to pay for wars …

For those who love to dig into the root of problems and proffer possible solutions, Econometrics and Operations Research could be the right options. In analyzing models, one can make decisions that are apt for the now and future. However, through an understanding of the focal points of each of …