Re: What are your short-term and long-term career objectives?

Answer #3

my short term goal is getting job in a good company,and proove my self as a successful employee in ur org. my long term goal is see my self as a top performing employee in ur orgnigation.

Short-Term and Long-Term Loans For Businesses

Business loans are generally divided into two categories. Loans of less than three years are typically considered short-term while loans greater than three years are fall into the long-term category. Long-term loans are normally for a period of 10 years although some may be approved for up to 20 years. Short-term loans can be for periods as short as 90 days. The strength of a business in terms of their balance sheet, financial statement, credit history and time in business as well as the relationship with the lending institution all enter into the loan approval decision process. Loans of less than one year to proven customers are often approved without collateral and are referred to as unsecured loans. Loans in the one to three year category most often require collateral and the assets of a business such equipment, buildings or real estate can easily provide the necessary collateral, provided that there is sufficient worth in the assets. The lending institution will obviously want to assess the value of the collateral and will monitor the loan to insure that the collateral retains its' worth over the period of the loan. These types of loans are called secured loans because the collateral that guarantees repayment could be forfeited if the loan falls into default. An alternative to an unsecured short-term note would be for a business to negotiate an approved line of credit that could be used as necessary throughout a year. This can be negotiated in advance of any requirement for a short-term loan and is available should the need arise. Short-term loans are commonly used to cover cash flow shortfalls or the enable the purchase of additional inventory. Long-term loans of greater than three years require a more detailed analysis by the lending institution. As with short-term loans the same criteria of a good credit history coupled with a successful business balance sheet and financial statement will make the approval process quicker and easier. A long-term loan will be a secured loan, and sufficient collateral must exist and will definitely be the basis for approval. Long-term loans are appropriate for large acquisitions or purchases of equipment that has an extended life. Interest on short and long-term loans vary widely. Typically the interest rate will be 1-3% above the prime lending rate and it is obvious that the shorter the period of the loan the less the interest expense will be. Additionally the value of any collateral that might be involved in securing the loan could affect the interest rate that will be charged. Banks and lending institution develop their policies based on the risk involved in approving a loan. Loans for short terms generally have less risk associated with them than longer term loans. It is incumbent upon any potential borrower to contact several lending institutions to learn of

the particulars involved in their policies and procedures. Practices among banks vary considerably and the astute borrower will recognize that fact and act accordingly.

Click here if you are looking for a business loan for equipment, equipment financing, hotel financing, motel financing, financing for commercial real estate, business purchase, franchise opportunity, or if you need a business loan for working capital. Click here to return to our Buyer's Guide.

COMMERCIAL BANKING IN INDIA

Commercial Banks in India are broadly categorized into Scheduled Commercial Banks and Unscheduled Commercial Banks. The Scheduled Commercial Banks have been listed under the Second Schedule of the Reserve Bank of India Act, 1934. The selection measure for listing a bank under the Second Schedule was provided in section 42 (60 of the Reserve Bank of India Act, 1934. Activities of Commercial Banks The modern Commercial Banks in India cater to the financial needs of different sectors. The main functions of the commercial banks comprise:

transfer of funds acceptance of deposits offering those deposits as loans for the establishment of industries purchase of houses, equipments, capital investment purposes etc. The banks are allowed to act as trustees. On account of the knowledge of the financial market of India the financial companies are attracted towards them to act as trustees to take the responsibility of the security for the financial instrument like a debenture. The Indian Government presently hires the commercial banks for various purposes like tax collection and refunds, payment of pensions etc.

List of Commercial Banks in India

SBI & Associates:

State Bank of India State Bank of Bikaner & Jaipur State Bank of Hyderabad

State Bank of Indore State Bank of Mysore State Bank of Patiala State Bank of Travancore

Nationalised Banks:

Allahabad Bank Andhra Bank Bank of Baroda Bank of India Bank of Maharashtra Canara Bank Central Bank of India Corporation Bank Dena Bank IDBI Bank Ltd. Indian Bank Indian Overseas Bank Oriental Bank of Commerce Punjab & Sind Bank Punjab National Bank Syndicate Bank UCO Bank Union Bank of India United Bank of India Vijaya Bank

Foreign Banks:

ABN Amro Bank Abu Dhabi Commercial Bank American Express Banking Corporation Antwerp Diamond Bank AB Bank Bank International Indonesia Bank of America Bank of Bahrain & Kuwait Bank of Ceylon Bank of Nova Scotia Bank of Tokyo Mitsubishi UFJ Barclays Bank BNP Paribas Calyon Bank Chinatrust Commercial Bank Citibank DBS Bank Deutsche Bank Hongkong & Shanghai Banking Corporation JP Morgan Chase Bank

JSC VTB Bank Krung Thai Bank Mashreq Bank Mizuho Corporate Bank Oman International Bank Shinhan Bank Societe Generale Sonali Bank Standard Chartered Bank State Bank of Mauritius UBS AG

Other Scheduled Commercial Banks:

Axis Bank Bank of Rajasthan Catholic Syrian Bank City Union Bank Development Credit Bank Dhanalakshmi Bank Federal Bank HDFC Bank ICICI Bank IndusInd Bank ING Vysya Bank Jammu & Kashmir Bank Karnataka Bank Karur Vysya Bank Kotak Mahindra Bank Lakshmi Vilas Bank Nainital Bank Ratnakar Bank SBI Commercial & International Bank South Indian Bank Tamilnad Mercantile Bank Yes Bank

Stakeholder may refer to:

Stakeholder (corporate), a person, group, organization, or system who affects or can be affected by an organization's actions o Consumer stakeholder, a person or group with an interest in a business or organization

Project stakeholder, a person, group or organization with an interest in a project o Stakeholder theory, a theory that identifies and models the groups which are stakeholders of a corporation or project o Stakeholder analysis, the process of identifying those affected by a project or event Stakeholder (law), a third party who temporarily holds money or property while its owner is still being determined

THOMSON RETUTERS

Thomson Reuters is the worlds leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare, science and media markets, powered by the worlds most trusted news organization. Thomson Reuters shares are listed on the Toronto Stock Exchange (TSX: TRI) and the New York Stock Exchange (NYSE: TRI).

organization

Definition
A social unit of people, systematically structured and managed to meet a need or to pursue collective goals on a continuing basis. All organizations have a management structure that determines relationships between functions and positions, and subdivides and delegates roles, responsibilities, and authority to carry out defined tasks. Organizations are open systems in that they affect and are affected by the environment beyond their boundaries

What Does Balance Sheet Mean? A financial statement that summarizes a company's assets, liabilities and shareholders' equity at a specific point in time. These three balance sheet segments give investors an idea as to what the company owns and owes, as well as the amount invested by the shareholders. The balance sheet must follow the following formula: Assets = Liabilities + Shareholders' Equity

What Does Income Statement Mean? A financial statement that measures a company's financial performance over a specific accounting period. Financial performance is assessed by giving a summary of how the business incurs its revenues and expenses through both operating and non-operating activities. It also shows the net profit or loss incurred over a specific accounting period, typically over a fiscal quarter or year.

Ratio Analysis

What Does Ratio Analysis Mean? A tool used by individuals to conduct a quantitative analysis of information in a company's financial statements. Ratios are calculated from current year numbers and are then compared to previous years, other companies, the industry, or even the economy to judge the performance of the company. Ratio analysis is predominately used by proponents of fundamental analysis.

Investopedia explains Ratio Analysis There are many ratios that can be calculated from the financial statements pertaining to a company's performance, activity, financing and liquidity. Some common ratios include the price-earnings ratio, debt-equity ratio, earnings per share, asset turnover and working capital.

Price-Earnings Ratio - P/E Ratio

What Does Price-Earnings Ratio - P/E Ratio Mean?

A valuation ratio of a company's current share price compared to its per-share earnings. Calculated as: Market Value per Share Earnings per Share (EPS)

For example, if a company is currently trading at $43 a share and earnings over the last 12 months were $1.95 per share, the P/E ratio for the stock would be 22.05 ($43/$1.95). EPS is usually from the last four quarters (trailing P/E), but sometimes it can be taken from the estimates of earnings expected in the next four quarters (projected or forward P/E). A third variation uses the sum of the last two actual quarters and the estimates of the next two quarters. Also sometimes known as "price multiple" or "earnings multiple".

Earnings Per Share - EPS

What Does Earnings Per Share - EPS Mean?

The portion of a company's profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company's profitability. Calculated as:

When calculating, it is more accurate to use a weighted average number of shares outstanding over the reporting term, because the number of shares outstanding can change over time. However, data sources sometimes simplify the calculation by using the number of shares outstanding at the end of the period. Diluted EPS expands on basic EPS by including the shares of convertibles or warrants outstanding in the outstanding shares number.

Asset Turnover

What Does Asset Turnover Mean? The amount of sales generated for every dollar's worth of assets. It is calculated by dividing sales in dollars by assets in dollars. Formula:

Also known as the Asset Turnover Ratio.

What Does Working Capital Mean? A measure of both a company's efficiency and its short-term financial health. The working capital ratio is calculated as:

Positive working capital means that the company is able to pay off its short-term liabilities. Negative working capital means that a company currently is unable to meet its short-term liabilities with its current assets (cash, accounts receivable and inventory). Also known as "net working capital", or the "working capital ratio".

Shareholder

What Does Shareholder Mean? Any person, company, or other institution that owns at least one share in a company. A shareholder may also be referred to as a "stockholder".

Read more: http://www.investopedia.com/terms/s/shareholder.asp#ixzz1UUcY1OHq

financial terms and ratios

business financial terms and ratios definitions

These financial terms definitions are for the most commonly used UK financial terms and ratios. They are based on UK Company Balance Sheet, Profit and Loss Account, and Cashflow Statement conventions. Certain financial terms often mean different things to different organizations depending on their own particular accounting policies. Financial terms will have slightly different interpretations in different countries. So as a general rule for all non-financial business people, if in doubt, ask for an explanation from the person or organization responsible for producing the figures and using the terms - you may be the only one to ask, but you certainly

will not be the only one wodering what it all means. Don't be intimidated by financial terminology or confusing figures and methodology. Always ask for clarification, and you will find that most financial managers and accountants are very happy to explain. The business dictionary contains many other business terms and definitions. Sales related terms are in the glossary in the sales training section.

Fund Flow

What Does Fund Flow Mean? The net of all cash inflows and outflows in and out of various financial assets. Fund flow is usually measured on a monthly or quarterly basis. The performance of an asset or fund is not taken into account, only share redemptions (outflows) and share purchases (inflows). Net inflows create excess cash for managers to invest, which theoretically creates demand for securities such as stocks and bonds.

Read more: http://www.investopedia.com/terms/f/fund-flow.asp#ixzz1UUdOdRft

Cash Flow

What Does Cash Flow Mean? 1. A revenue or expense stream that changes a cash account over a given period. Cash inflows usually arise from one of three activities - financing, operations or investing - although this also occurs as a result of donations or gifts in the case of personal finance. Cash outflows result from

expenses or investments. This holds true for both business and personal finance. 2. An accounting statement called the "statement of cash flows", which shows the amount of cash generated and used by a company in a given period. It is calculated by adding noncash charges (such as depreciation) to net income after taxes. Cash flow can be attributed to a specific project, or to a business as a whole. Cash flow can be used as an indication of a company's financial strength.

Read more: http://www.investopedia.com/terms/c/cashflow.asp#ixzz1UUdjOCtS

Credit is the trust which allows one party to provide resources to another party where that second party does not reimburse the first party immediately (thereby generating a debt), but instead arranges either to repay or return those resources (or other materials of equal value) at a later date.

Debt/Equity Ratio

What Does Debt/Equity Ratio Mean?

A measure of a company's financial leverage calculated by dividing its total liabilities by stockholders' equity. It indicates what proportion of equity and debt the company is using to finance its assets.

Note: Sometimes only interest-bearing, long-term debt is used instead of total liabilities in the calculation. Also known as the Personal Debt/Equity Ratio, this ratio can be applied to personal financial statements as well as corporate ones.

Read more: http://www.investopedia.com/terms/d/debtequityratio.asp#ixzz1UUlBRq00

Share (finance)
From Wikipedia, the free encyclopedia Look up share in Wiktionary, the free dictionary. "Shares" redirects here. For other uses, see Share (disambiguation). This article does not cite any references or sources. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.
(March 2008)

Securities

Securities Bond Stock Investment fund Derivative Structured finance Agency security Markets Bond market Stock market Futures market Foreign exchange market Commodity market Spot market Over-the-counter market (OTC) Bonds by coupon Fixed rate bond Floating rate note Zero-coupon bond Inflation-indexed bond Commercial paper Perpetual bond Bonds by issuer Corporate bond Government bond Municipal bond Pfandbrief Sovereign bond Equities (stocks)

Stock Share Initial public offering (IPO) Short selling Investment funds Mutual fund Index fund Exchange-traded fund (ETF) Closed-end fund Segregated fund Hedge fund Structured finance Securitization Asset-backed security Mortgage-backed security Commercial mortgage-backed security Residential mortgage-backed security Tranche Collateralized debt obligation Collateralized fund obligation Collateralized mortgage obligation Credit-linked note Unsecured debt Agency security Derivatives Option Warrant Futures Forward contract Swap Credit derivative Hybrid security vde

A joint stock company divides it's capital into units of equal denomination. Each unit is called a share. These units are offered for sale to raise capital. This is termed as issuing shares. A person who buys share/shares of the company is called a shareholder, and by acquiring share or shares in the company becomes one of the owners of the company. Thus, a share is an indivisible unit of capital. It expresses the proprietary relationship between the company and the shareholder. The denominated value of a share is its face value: the total capital of a company is divided into number of shares.[1] In financial markets, a share is a unit of account for various financial instruments including stocks (ordinary or preferential), and investments in limited partnerships, and real estate investment trusts. The common feature of all these is equity participation (limited in the case of preference shares).

share

Definition
A unit of ownership that represents an equal proportion of a company's capital. It entitles its holder (the shareholder) to an equal claim on the company's profits and an equal obligation for the company's debts and losses. Two major types of shares are (1) ordinary shares (common stock), which entitle the shareholder to share in the earnings of the company as and when they occur, and to vote at the company's annual general meetings and other official meetings, and (2) preference shares (preferred stock) which entitle the shareholder to a fixed periodic income (interest) but generally do not give him or her voting rights. See also stock.

What Does Depreciation Mean?

1. A method of allocating the cost of a tangible asset over its useful life. Businesses depreciate long-term assets for both tax and accounting purposes. 2. A decrease in an assets value caused by unfavorable market conditions.

Read more: http://www.investopedia.com/terms/d/depreciation.asp#ixzz1VL65O9Ma

Subsidiary book

Subsidiary Books
In the past, traders use to keep record of the transaction in the journal. But it was Later found not convenient. If all the transaction are recorded in the journal then the journal book becomes more thick and difficult to handle it. In big business houses, it becomes impossible to carry on the work of recording business transaction. therefore now a days large scale business firms like to keep record of transaction in subsidiary books instead of journal. Subsidiary books are the book of original entry and it is also called primary records because the first entry of transaction is made in subsidiary books. On the basis of subsidiary books postings are made into concerned account afterwards. Following types of books are used under subsidiary books. 1. Purchase book 2. Sales book 3. Cash book 4. Purchase return book 5. Sales return book 6. Bills received book

1.

Purchase book

This book is used for recording goods purchased on credit. This book is also known as invoice book, bought book or purchased journal. It must be noted that only credit purchases are

recorded in this book. Things purchased on credit for personal use are not recorded in this book. It also does not record the fixed assets purchased. It is not necessary to record the transaction in the journal book where they are enter in the purchases book, because this book contains the name and address of seller, date of transaction and amount of goods. After recording in purchases book separate amount is to be open in the ledger for each supplier of goods. The amount of each purchase will be credited to its respective personnel account.

Subsidiary book Subsidiary Books

In the past, traders use to keep record of the transaction in the journal. But it was Later found not convenient. If all the transaction are recorded in the journal then the journal book becomes more thick and difficult to handle it. In big business houses, it becomes impossible to carry on the work of recording business transaction. therefore now a days large scale business firms like to keep record of transaction in subsidiary books instead of journal. Subsidiary books are the book of original entry and it is also called primary records because the first entry of transaction is made in subsidiary books. On the basis of subsidiary books postings are made into concerned account afterwards. Following types of books are used under subsidiary books. 1. Purchase book 2. Sales book 3. Cash book 4. Purchase return book 5. Sales return book 6. Bills received book

1.

Purchase book

This book is used for recording goods purchased on credit. This book is also known as invoice book, bought book or purchased journal. It must be noted that only credit purchases are recorded in this book. Things purchased on credit for personal use are not recorded in this book. It also does not record the fixed assets purchased. It is not necessary to record the transaction in the journal book where they are enter in the purchases book, because this book contains the name and address of seller, date of transaction and amount of goods. After recording in purchases book separate amount is to be open in the ledger for each supplier of goods. The amount of each purchase will be credited to its respective personnel account.