Advantages of Mathematics

Advantages of Mathematics

Many of us surprised about the advantages of Mathematics during our childhood days. Many of us were not able to comprehend the benefits of mathematics beyond the daily usage of calculating simple numbers. Let us see in detail what are some of the benefits of learning mathematics and marveling at this arduous subject at early age.

The importance of mathematics is two-fold, it is important in the advancement of science and two, it is important in our understanding of the workings of the universe. And in here and now it is important to individuals for personal development, both mentally and in the workplace.

Mathematics equips pupils with a uniquely powerful set of tools to understand and change the world. These tools include logical reasoning, problem-solving skills, and the ability to think in abstract ways. Mathematics is important in everyday life, many forms of employment, science and technology, medicine, the economy, the environment and development, and in public decision-making.

One should also be aware of the wide importance of Mathematics, and the way in which it is advancing at a spectacular rate. Mathematics is about pattern and structure; it is about logical analysis, deduction, calculation within these patterns and structures. When patterns are found, often in different different areas of science and technology, the mathematics of these patterns can be used to explain and control natural events and situations. Mathematics has a pervasive influence on our everyday lives, and contributions to the wealth of the individual.

The study of mathematics can satisfy a wide range of interests and abilities. It develops the imagination. It trains in clear and logical thought. It is a challenge, with varieties of difficult ideas and unsolved problems, because it deals with the questions arising from complicated structures. Yet it also has a continuing drive to simplification, to finding the right concepts and methods to make difficult things easy, to explaining why a situation must be as it is. In so doing, it develops a range of language and insights, which may then be applied to make a crucible contribution to our understanding and appreciation of the world, and our ability to find and make our way in it.

Increasingly, employers are looking for graduates with strong skills in reasoning and problem solving - just the skills that are developed in a mathematics and statistics degree.

Let us look at a few examples. The computing industry exercises mathematics graduates; Indeed, many university computing courses are taught by mathematicians. Mathematics is used to create the complex programming at the heart of all computing. Also cryptography, a form of pure mathematics, is deployed to encode the millions of transactions made hourly via the Internet and when we use debit or credit cards. Mathematics and Computer Science is a popular degree choice, and four-year degrees with a placement in industry are also available. The latter give graduates plenty of relevant experience to increase their employability.

Mathematics led to the perfect ratios shown in Renaissance painting. The study of astronomy in the early times of its invasion demanded the expansion of our understanding of mathematics and made possible such realizations as the size and weight of the earth, our distance from the sun, the fact that we revolve around it, and other discoveries that allowed us to move forward in our body of knowledge without which we would not have any of our modern marvels of technology.

The computer itself is a machine built upon the principles of mathematics, being an invention so important as to bring about an economic revolution of efficiency in data communication and processing.

Why Accounting and Finance Software is Better Than an Accountant

Why Accounting and Finance Software is Better Than an Accountant

Software that is designed to apply to take care of business expenses, profits, employees and pay rolls along with a range of other bookkeeping tasks is known as accounting software. To handle different accounting functions, it consist of several modules. This software comes in different versions to meet the need of different needs of all types of businesses, large or small.

Accountant management, task that extremely decides success and failure of a business, can be done either with the help of an accountant (s). Which one is better? From the growing popularity of accounting software, it is easy to say that the better one is investing in software. The most beneficial thing is to run the software knowledge on accounting is not required. Invest and install good quality software, it will take care of everything.

No matter, what type of business you has, large or small, you will find software for your business. Just choose the best one for your business.

If you are still in hesitation to install software in stead of employing an accountant, keep in mind the following points:

Accuracy

In modern day business, accuracy of financial data is the most important thing. Any types of documents that are made and reviewed by humans can never be error free. But documents that are made with the help of accounting software can be completely error free.

Compliance

Recently different laws are passed that put accounting and finance manager under tremendous pressure. So they have to find new ways to avoid the risk of non-compliance to avoid severe penalties. Accounting software with its analysis facilities helps companies to cope with the newly enforced laws.

Staff productivity

Productivity of the staffs paves the way for the companies to development. To be productive, employees have to be free from administrative burden to focus more of their time and effort on the processes of revenue generation and business growth. Accounting software can help them by automating routine and repetitive manual tasks.

Increase Revenues

To increase revenues, companies have to improve financial planning, budget management, and strategic decision-making. To do these companies need 360 degree visibility into the organization's financial status and performance. Not human brains but accounting software can provide such analysis.

Apart from these the analysis and data that are made by using accounting software provides new opportunities to the companies. When a company knows better about its present situation, it becomes helpful for them to take decisions to grip the new opportunities.

To do these works is quite impossible for an accountant or accountants in the shortest possible of time. Accounting software can do these tasks not only in short span of time but also perfectly.

Best Ways to Make Money Online

Best Ways to Make Money Online

Money has become the foundation for all deeds on our planet and man has found innumerable ways to earn these dollar notes for himself. One of the ways to make money, wherein you do not need to invest in huge amounts, is through the largest revelation of this century - the internet. With the horizons of the internet spreading far and wide, the ways in which you can earn money has also been intense. Let us review a few of the best ways to make money online.

Affiliate marketing - This is one of the structured forms of online marketing wherein you get business rewards based on your performance by affiliating the customer with a product or a brand. The basic advertising methods used here are Search Engine Optimization (SEO), Pay Per Click, and Content marketing and so on. This form has resulted in creating tremendous opportunities to earn money online. Let us look into detail each one of these advertising modes;

Search Engine Optimization - This is the term that most of the online businesses are revolving around; a process which reflects the visibility of a website in search engines in order to increase traffic and thereby improve the income you earn online.

Pay per click - This is the most famous internet advertising practice that has been used by various businesses online, which gets paid at the very click of the ads displayed. This practice apart from earning you money online also provides the business a valuable customer interested in the product.

Content Marketing - This is yet another marketing skill which focuses on reaching the product to the customer with the help of reviews, news, eBooks, how to do guides with respect to the product involved. Though, these do not involve directly in marketing a product, they play an important role in communicating the advantages of a product to its right customers.

Apart from these, another way of making money online is to create a blog. Yet another best way to make money online is having a blog or website for you with SEO rich content or hand made goods which you can market in order to build scalable traffic. Once the content pulls enough traffic, you can monetize it with portals like AdSense and make lots of money through it.

The above said methods to earn money online are reliably simpler and when done from the comfort of our homes further make the job enjoyable, too.

Tips on Finding a Financial Planner

Tips on Finding a Financial Planner

The time and research you should put in to finding a financial planner is no different than the time and research you should put into finding a good family doctor. You are looking for someone you can trust and guide your financial health, after all. But how should you start your search? According to the National Association of Securities Dealers (NASD) there are no fewer than 69 different financial credentials that you may run into. This article will attempt to help you narrow down your search before you even pick up the phone and start calling prospective planners.

As with a family doctor, the best place to start your search is referrals from friends and family and ask who they work with. The best planners out there will tell them that they get the majority of their new clients from referrals. You can also use the internet to look for planners in your area. A few websites out there provide good starting points. The Financial Planning Association (FPA) website includes planners who are fee-only, fee-based, or commission-based. The National Association of Personal Financial Advisors (NAPFA) website only includes those planners who adhere to a strict fee-only compensation model. All three compensation models will be explained below.

When deciding what type of planner best fits you and your family's finances there are four areas to consider: credentials, experience, how they are compensated, and to what regulatory standards must they adhere to.

Credentials

Of all the credits in the financial world, the four most common are CFP, CPA-PFS, ChFC, and CFA.

1. Certified Financial Planner (CFP) - Awarded by the Certified Financial Planner Board of Standards, or CFP Board, to individuals who meet the CFP Board's education, examination, experience and ethics requirements. A professional with a CFP design should have a broad knowledge of all aspects of financial planning including investments, estate planning, retirement planning, insurance and taxes. The design means the person has passed rigid examinations and met certain requirements.

2. Certified Public Accountant - Personal Financial Specialist (CPA-PFS) - CPAs, by trade, have a more extensive background in tax issues. A PFS designation is awarded by the American Institute of Certified Public Accountants to CPAs who have taken additional training or already hold a CFP or ChFC designation.

3. Chartered Financial Consultant (ChFC) - Earned through The American College in Bryn Mawr, PA, andignees tend to work in the insurance industry. A professional with the ChFC designation should have a broad knowledge of all aspects of financial planning, including investments, estate planning, insurance and taxes. The design means the person has passed rigid examinations and met certain requirements.

4. Chartered Financial Analyst (CFA) - Awarded by the CFA Institute to experienced financial analysts who successfully pass three examinations covering economics, financial accounting, portfolio management, securities analysis, and ethics. CFAs are more likely to work for mutual fund companies, institutional asset management firms, or pension funds. CFA charter holders are annually required to affirm their commitment to high ethical standards.

Experience

With the pending onslaught of baby boomers coming and entering retirement, the financial planning profession has become a second-career choice for many planners out there today. You will want to keep this in mind when you interview potential planners. Ideally, the planner has been in the profession for more than five or ten years and has an educational background in the profession. The number of colleges actually offering degrees in Personal Financial Planning and Counseling has exploded over the past decade. One of the most well-known programs today is right up the road in Lubbock, TX at Texas Tech.

Compensation

Understanding how - and how much - a planner is paid is an important part of establishing the relationship. Always consider whether a planner's compensation requirements will interfere with their objectivity when it comes to your financial plan.

There are three general compensation categories that a planner will fall into: commission-based, fee-based, or fee-only.

1. Commission Based - Planners in this category earn their paycheck through commissions on sales of products, such as stocks, bonds, mutual funds, and insurance. Some commission-based advisors associated with banks or brokerage firms may have sales quotations that need to fill in order to keep their jobs, and the products they are recommending may not be the best option for you. If the planner is paid a commission it does not necessarily mean that they are not looking out for your best interests. But the potential for conflict of interest is greater.

2. Fee-Based - Planners in this category usually have their compensation based on a flat fee or percentage of money under management as well as commissions on sales of products such as stocks, bonds, mutual funds, and insurance.

3. Fee-Only - Planners in this category do not sell any commission-based product, instead charging an agreed-upon flat fee or a percentage of assets under management. It is argued that removing any incentive to buy or sell a particular investment for a client also removes any conflict of interest and the planner is making their recommendations based on what is best for the client, not the planner.

Which compensation model is the best? I'm willing to guess that planners in each category will make their argument as to why their is more advantageous to their clients. In the end, you must be not only comfortable with how your planner is compensated, but you should have an understanding as to how much they are being paid for each recommendation they make. If they do not volunteer that information to you, simply ask! If they value you as a client they will have no issues in providing that information.

Regulatory Standards

Financial planners will fall under one of two standards with their clients. These two standards are "suitability" and "fiduciary".

Brokers, also known as 'registered representatives' may call themselves financial planners but they are basically employees of a stock exchange member firm who act as account executives for their clients. These brokers fall under the jurisdiction of the self-regulatory Financial Industry Regulatory Authority (or FINRA) and are held to a lesser stringent "suitability" standard. This means their recommendations must be "suitable" to their clients (eg be in line with the client's risk tolerance and long-term goals). Therefore, a broker is legally free to recommend an investment that pays his firm (and himself) a higher commission over a similar lower-cost fund as long as the investment is suitable to the client's situation.

In stark contrast, planners held to a "fiduciary" standard could not do that. If held to a fiduciary standard the planner, by law, must place the client's interests first. CFPs and Registered Investment Advisors (RIA) are held to the strict fiduciary standard. (Registered Investment Advisors are simply planners who are not employed by, nor have any affiliation with, brokerage firms or other financial institutions, and must register with the US Securities and Exchange Commission and / or state regulators)

If you are comfortable with your planner not being held to a fiduciary standard, at least ask them to explain reasonably the reasons for their recommendations, including what's in if for them.

In Summary

Finding a financial planner for your family extremely comes down to trust. Regardless of the planner's association to a certain firm, their compensation structure, or experience you must feel a strong connection between the two parties. Your relationship with a financial professional is, above all things, a partnership. It is worth taking the added time to find the right planner upfront because you want this relationship to last a lifetime.

Why Computer Hardware Is Important

Why Computer Hardware Is Important

In this day and age, it is hard to deny the influence of technology in our lives. We live in an era where pretty much is automated and computerized. And amidst all the technological advancement that humankind has achieved, one important device has been created that will only sure to become more relevant to our lives as technology progresses, the computer. No one can deny that computers are now an essential part of our lives, the same way a cell phone and television does. It is safe to say that in this day and age, having no computer would be an inconvenience. Which is why it is important that we know the how our computer works so that we would be aware of the things that we should do in case it stops working. The hardware of the computer is considered to be the most important because without it, it will simply not work.

Simply put if you know how to handle the hardware of a computer and know each of their function for the unit, then you can easily determine what the problem is in case the unit stops functioning. In order to be familiar with basic computer troubleshooting, then you also need to be familiar with computer hardware. A good example of this is the memory of the computer (RAM). All programs and applications that are ran in a computer needs memory. Without RAM it simply will not function. Aside from that, even if you have a RAM but it does have the specifications to keep up with the programs that are being run, then the operation would be slowed down to a crawl. So when it comes to computer hardware, you have to make sure that it is not obsolete, so you need to upgrade depending on what sort of program that you are usually using.

When handling computer hardware, you have to keep in mind some safety measures so you can manipulate the unit safely. Before opening any computer cases, you have to make sure that the unit is unplugged or you might risk electrocution or shocks. While checking your hardware components, always check for damaged parts because that is most likely the one that is causing problems. When inserting components and parts, you have to remember that if it does not fit, then most likely you are inserting it on the wrong slot. If it does not fit, then do not force it or you will risk breaking the component. Before touching any parts inside the unit, make sure that you discharge yourself first by through a grounded metal object or you can use an anti-static wrist strap or mat which is sold in stores for cheap.

By knowing and analyzing every computer hardware part you will know about its importance and if it ever breaks down then you can perform the proper troubleshooting steps. Every hardware component is important for the computer's operation. The performance of your computer largely depends on how good your hardware is, so be sure that they are always in good working condition.

Financial Investment Services

Financial Investment Services

Financial Services

Financial Services is a term used to refer to the services provided by the finance market. Financial Services is also the term used to describe organizations that deal with the management of money. Examples are the Banks, investment banks, insurance companies, credit card companies and stock brokers.

It is part of financial system that provides different types of finance through various credit instruments, financial products and services.

These are the types of firms comprising the market, that provide a variety of money and investment related services. These services are the largest market resource within the world, in terms of earnings.

The challenges faced by the services market are forcing market participants to keep pace with technological advances, and to become more proactive and efficient while keeping in mind to reduce costs and risks.

These services have been able to represent an increasingly significant financial driver, and a significant consumer of a wide range of business services and products. The current Fortune 500 has listed 40 commercial banking companies with revenues of almost a $ 341 trillion, up a modest 3% since last year.

Importance of Financial Services: -

It serves as the bridge that people need to take better control of their finances and make better investments. The financial services offered by a financial planner or a bank institution can help people manage their money much better. It offer clients the opportunity to understand their goals and better plan for them.

It is the presence of financial services that enables a country to improve its economic condition wherever there is more production in all the sectors leading to economic growth.

The benefit of economic growth is reflected on the people in the form of economic prosperity wherein the individual enjoys higher standard of living. It is here the financial services enable an individual to acquire or obtain various consumer products through hire purchase. In the process, there are a number of financial institutions which also earn profits. The presence of these financial institutions promote investment, production, saving etc.

Characteristics: -

Customer-Specific: These services are usually customer focused. The firms providing these services, study the needs of their customers in detail before deciding their financial strategy, giving due regard to costs, liquidity and consideration considerations.

Intangibility: In a highly competitive global environment brand image is very critical. Without the financial institutions providing financial products and services have good image, enjoying the confidence of their clients, they may not be successful.

Concomitant: Production of these services and supply of these services have to be concomitant. Both these functions ie production of new and innovative financial services and supply of these services are to be performed simultaneously.

Tendency to Perish: Unlike any other service, financial services do tend to perish and hence can not be stored. They have to be supplied as required by the customers. Here financial institutions have to ensure a proper synchronization of demand and supply.

People Based Services: Marketing of these services has to be people intensive and because it's subject to variation of performance or quality of service.

Market Dynamics: The market dynamics depends on a great extent, on socioeconomic changes such as disposable income, standard of living and educational changes related to the various classes of customers. Therefore financial services have to be consistently redefined and refined taking into consideration the market dynamics.

Promoting investment: The presence of these services creates more demand for products and the producer, in order to meet the demand from the consumer goes for more investment.

Promoting savings: These services such as mutual funds provide ample opportunity for different types of saving. In fact, different types of investment options are made available for the convenience of pensioners as well as agreed people so that they can be assured of a reasonable return on investment without much risks.

Minimizing the risks: The risks of both financial services as well as producers are minimized by the presence of insurance companies. Various types of risks are covered which not only offer protection from the fluctuating business conditions but also from risks caused by natural calamities.

Maximizing the Returns: The presence of these services enable businessmen to maximize their returns. This is possible due to the availability of credit at a reasonable rate. Producers can avail various types of credit facilities for acquiring assets. In certain cases, they can even go for leasing of certain assets of very high value.

Benefit to Government: The presence of these services enable the government to raise both short-term and long-term funds to meet both revenue and capital expenditure. Through the money market, government raises short term funds by the issue of Treasury Bills. These are purchased by commercial banks from out of their depositors' money.

Capital Market: One of the barometers of any economy is the presence of a vibrant capital market. If there is a hectic activity in the capital market, then it is an indication of the presence of a positive economic condition. These services ensure that all the companies are able to acquire adequate funds to boost production and to reap more profits historically.

Mobile Application Development - The Next Growing Technology

Mobile Application Development - The Next Growing Technology

As the market for iPhone, iPad, Android, Blackberry, and Windows Mobile applications heats up, more and more companies are diverting most of their focus and investments towards that "next big mobile app idea". Here are the five most important points of mobile application development.

1. Business Case : If you have an idea that could make in to a good mobile application, you should first research if another application on same / similar idea already exist. Determine how you can differentiate and improve your idea. Understand if there is a need for the application that you plan to develop. Beside validating your concept, assess if developing that application is a good fit for your business strategies, direction, and if you will be able to recoup investment in to developing this application.

2. Target Audience : Whether you are developing application for your internal business use, use by other businesses, or use by individual consumers, you should have a good understanding of who your target audience is. That will help making design and technology decisions for your application. If you are targeting global audience, you may also have to consider making your mobile application multi-lingual.

3. Technology Selection : With mobile client applications, you can not develop a single application that can run on all of the mobile platforms. Each of the mobile platforms is different and run only applications that are developed on the specific technologies. So if you develop an iPhone application, you can not run the same application on Android, Blackberry, or Windows Mobile platforms. That is why it is important that before beginning application development, you select an appropriate mobile platform for your application. If your plan includes developing application for multiple mobile platforms, make sure that you architect your application properly to reduce initial and ongoing development efforts and costs. Most importantly, determine if you really need to develop a mobile client applications which are platform specific or a mobile website / web application which are more universal and could run on all smart phones.

4. Timing : When there are thousands of businesses trying to tap in to the booming mobile applications market, it is critical that you move forward with your mobile development project in a timely manner. Otherwise, there are chances that someone else may beat you in launching an application with similar concept and could quickly tap in to your potential client base. When it comes to launching a mobile application, right timing is essential for maximizing return on investment.

5. Pricing : Just like any other product, you need to make sure that price for your mobile application is right. Research on the price of other similar apps, determine how valuable is your application going to be for consumers, and figure out your total cost of ownership for building, launching, and maintaining your application. Consider offering your mobile applications for free or at a discounted price for a short period of time to attract more buyers.

Bonus Point : Marketing - After launching your application, it is important to market it and improve its visibility to your target audience. Without the marketing efforts, your application may get buried under the stack of thousands of other applications hurting its revenue potential. Marketing your application on social media sites, search engines, and offering it for free for a short period of time should help increase its consumer base. Make sure to listen to the feedback application users will be giving and incorporating that in to your future development plan.