The accusations that has been laid upon are the latest addition into the battle which is going on between the government and the iPad maker that had started in the month of April when Apple was accused of conspiring along with five major book publishers in order to fix the price of e-books so that they easily take a share from Amazon, which is the leader of the market.The prosecutors of the government had alleged that in the year 2010 Apple and the associated publishers which are inclusive of a famous name Penguin and HarperCollins had come along with each other to set up what is known as the agency model agreement in a quick response to move of Amazon to price-up all its e-books at somewhere around 9.99 dollars that is 6.43pounds. The pricing model had allowed the publishers to set-up the price for e-books as long as retailers, such as Apple, are concerned who took a cut of almost 30 per cent of the sales. The collusion is allegedly to have happened as Apple had launched the iPad and also the iBookstore as a competitor to the website as well as the Kindle device of Amazon.The government of the country on Monday had called the objections of Apple for the mater of legal settlement as a non-sense attempt by Apple to have the ability of its competitors in order to compete on prices that have been constrained in order to take away the nearly unfettered by the ability to the discount that a retailer who also desires to compete with the others that would embrace but the fears of Apple. Apply now with immediate payday loans and get quick cash for your urgent expenses.The attack was also a part of a document that was of 60-page which was released by the Department of Justice, in response to the comments by Apple as well as the others on the issue of settlement that was first filed in one of the courts of a New York in the month of April. Apple Penguin which was owned by Pearson and MacMillan as well are now all fighting the settlement, which now also requires court approval.Publishers Simon & Schuster HarperCollins & also Hachette have all got settled along with the government. In case Apple and also the others are not going to reach any kind of settlements, which is also a trial that is expected to come in the summer of the year next year.
Category: financial services
Changing Trends of Indian Banks And Economy Plat5 Consultancy
In an age where the financial system is under pressure and price rise is out of control, it is pretty common that you, the customer, fancy knowing which economic organization will proffer you the majority of advantages. You put in a lot of labor to earn money; consequently, you wish for the top return and the majority of profit any financial organization is capable of offering you.People often think, bigger means better, but it is a subject of individual belief and particular subject matter. As a child, a bigger candy was undoubtedly better, no matter you didn’t eat it all or it gave you a tooth ache. A lot of people these days like to believe that a bigger car is superior, at least until petrol prices rise higher than 70 Rs a liter. The message is that nearly everything can at period be superior if bigger and at other times be superior if minor. Banks are no exception to this phenomenon.As soon as it comes to banking, selecting the organization that is precise for you is an exceedingly individual subject. You initially have to settle on your main concerns, an intention for requiring the bank. First you have to cautiously evaluate the state of affairs; you can make a decision if a large bank or a small bank is precise for you. No doubt they both enclose their position in the economic system.Bigger banks are generally higher preference for big depositors. If you move a lot of money, big banks are better in terms of proper utilization of your money as they are more prepared to work with such transactions. This is particularly significant if you have investments or financial interests in a foreign country. Smaller banks will of course supervise these transactions for you, but they will probably shelter the assist of a big bank to carry out so. This will charge them and those expenses are typically conceded all along to customers.If the majority of your banking requirements are confined and consist largely of a checking and savings account, a small home bank may proffer you a superior service. Small banks are greatly custom-made and are habitually easier to deal with. Many people cherished that old trend comfort of knowing their banker and being capable to converse with him or her straight over the phone. A lot of small banks in small cities are like that.We have noticed several changes in the Indian banking sector in the recent past. Indian banking system has been progressively opened up, innovative services and fresh alliance have been brought in, and organization has been braced at various points. SBI is one of the major top banks across the country and it proffers its existing customers those who are using SBI cards to become a member of the exclusive Plat5 SBI Privilege Circle Program initiated by plat5 and SBI bank,which offers unique holiday package styled to suit their requirements in the most economical way.As a part of this offer they will be provided with 3 to 4 benefits ,like 1 holiday voucher, 1 flight voucher, 1 complimentary joining gift ( a branded polo watch), and 500 bonus reward points on SBI credit card. Holiday voucher includes accommodation for 3 days and 2 nights at any hotel or resort from the selected list, flight voucher includes 1 way domestic air ticket under which they will pay the base fare of your ticket, and the third benefit entitles you a brand new polo watch worth Rs 2999 on enrolling for this program.In the current Indian economy, banks and regulators have been giving unrelenting efforts to realize and assess the ever-increasing demands of prospective customers. With the Indian economy becoming international, the banks understand the significance of right domain expertise and point solutions to meet the demands of customers.Plat5 SBI Privilege Circle Program has certainly cracked the mystery of meeting customer’s requirement in terms of value added services, not only this plat5 has also fashioned innovative possibilities in terms of designing point solutions to maximize customer satisfaction. A lot of brands are benefiting from this initiative innovated by plat5 SBI in the form of privilege circle program.
Professional Investment Services Can Help Pave The Way For Successful Business
Sometimes we have soft times and sometimes we have hard times. That is why; when we have soft times we need to go ahead for saving some amount for the time of need. In the previous days, people would not save for the time to come. That is reason, they would suffer a lot. Sometimes, they used to borrow money to the needy but on time they did not get back that amount. So, the work to be done usually used to hamper. The researchers make out the flaws of the system and tried to establish new way of saving money. Bank and some other investment plans were the most reliable investment plans. To make it more professional and beneficial for both of the clients and investors end, some plans have been made that will meet the demand of the both. Some qualified personnel established a service for the investors professionally.In the basis of this thinking, we have got the lots of services that are serving their clients professionally; these services are called professional investment services. Lots of services of this kind have been established all over the world. They are making their lot by investors and investors also are making their future by investing and getting related benefits. Thus, professional investment services established and now in a full fledged form. There are lots of plans for children, girl children, young, middle aged and senior citizens. Some of the plans are now available for educational purpose of children, pension plans and lots of life coverage plans. All the above are giving their clients a lot of benefit, life coverage and return in time of untimely expire, premature deaths or after the maturity of the plans. They are doing the business professionally. Government also permits the policies and so, they are now in a compact form of reliance to all the common people.Some may have the problems of subscribing their premium as yearly basis. So, the professional investment services have started micro premiums like daily, weakly, monthly, quarterly, six monthly etc. Ultimately, the services are getting their amount without any problem and the public also gets the benefit to their best. The interest of the service is that they are utilizing the amount with various beneficial fields and gets much amount greater than their clients. Thus, the both are making their lot. So, professional investment services are the real friends of the common people.
Priority Debts and Debt Management Plans
In order to explain how debt management services can help to clear outstanding liabilities in the most effective and stress-free way, it is useful to understand the various types of financial obligations that the average consumer has. This can enable you to identify the best debt solution to suit your current situation. We will start by looking at the different types of debt, which are classified as priority and non-priority. Priority debts are those that are considered the most important. These include child maintenance, council tax, gas and electricity bills and arrears, hire purchase or conditional sale repayments, mortgage payments and arrears, rent and rent arrears, social fund loans, second mortgages or secured loan repayments, benefit overpayments, tax credit overpayments, tax arrears and magistrates’ court fines. These have to be given priority because inability to meet these financial obligations could entail serious consequences such as repossession of your home, eviction from your rented home, disconnection of utility supplies or, in extreme cases, the possibility of imprisonment. In order to prevent these repercussions, you need to make payment arrangements with the relevant bodies before dealing with your remaining monetary commitments. Non-priority refers to those outgoings that don’t entail such severe consequences of non-payment. These include bank loans and overdrafts, catalogue payments and arrears, charge cards, credit cards and various types of unsecured loans. It is important to also gain control of these as it is still possible for creditors to take legal action against you. This could adversely affect your ability to obtain credit in the future. There are various ways to deal with non-priority outgoings. These include Debt Management Plans, and debt consolidation loans where all the amounts you owe are amalgamated and repayments are replaced by one more manageable monthly payment. Debt management companies will be able to give you all the help you need which takes the stress of handling your monetary affairs away from you. Finding the Best Debt Solution for You The first step is to identify your needs and a professional company can help with this. The staff will look at your current financial situation including your income, basic necessities and expenditures and the total amount that you owe. It will be helpful to write down all your outgoings to gain an overall picture of your financial situation. When making a list of your income and expenditure, try to ensure that you don’t miss anything. As well as payments that are taken from your bank account monthly you may have quarterly or annual bills and other amounts that you pay in cash such as bus fares and school dinner money. You should also make sure that you include creditors’ names on your list of outstanding balances together with details of how much you owe to each one. As you choose from among the companies that offer debt management advice, make a careful study of how each of them goes about the process of managing bills and deferred payments. Take a note of their detailed plans and their specific pay off dates. The best companies will be able to work out for you a definite closing date for each of your accounts. Whilst you are comparing the services offered by various companies, you may also want to compare the rates they charge. It is worthwhile noting, however, that the lowest rate does not necessarily guarantee the best standard of service. It is therefore wise to compare the range of services that each company offers to ensure that they cater for your distinct needs. Back on Track Loans offers various methods to help you reduce your monthly outgoings. The company also provides debt consolidation loans for people with a poor credit history. Therefore, if you are not suitable for a DMP, you may find that a consolidation loan will help you. Because Back on Track has more than 250 lending options available the staff should be able to find a low cost product to suit you.
The Role of Finance Manager And Its Responsibility in a Complex Organization
It’s around four years now since recession hits the world and makes powerful economies to go out of cash. Large organizations started to cut their jobs and discontinue their operations in other regions and many go default. The businesses that enjoyed showing handsome revenue in their financial statements are no longer in that position as they are now struggling for their survival. In this situation, the role of finance manager is critical.Changing world makes it a challenging job for a finance manager to find ways that can keep business operate smoothly. This includes finding new sources of finance for their capital investments as well as to fulfill their short-term commitments. Analysis of new projects is another duty of any finance manager. Capital investment decisions are another important duty of a finance manager, he has to make a decision whether new project is worthwhile to take and utilize the resources in this new project or go with the exist project and all available scarce resources should be employed for ongoing projects. Scarcity of available resources forced the finance manager to choose the best outcome of its options.In times of recession, shareholders will only be intact to their organizations, if they are being paid a sufficient amount of the dividend and here finance manager will have the responsibility to ensure that he is entertaining the shareholders along with other stakeholders of the organization. Finance department’s duty is to maximize the wealth of the organization.Today’s business is changed completely from the past as it becomes more complex and requires expertise in every area of business whether it is production line, administration, engineering department HR department or finance, every department needs specialists to deal with the continuous changing the business environment. Now finance department also needs dedicated team of individuals who are experts in financial management and can apply their knowledge to the next level that can benefit their organization in achieving its corporate objectives. Hence, finance manager has many different tasks to do, he is considered the most important element in the decision-making body as he has a role concerning the entire organization and its stakeholders.The corporate objective of any organization depends on several factors, and financial manager has a lot to do with it in achieving the corporate objectives. Efficient dividend policy, investment decision, short-term financing, new project’s worth assessment and effective foreign currency hedging will ensure the success of financial manager and supports his company to achieve the overall corporate objectives.
How an Accounting Consultant Can Save Your Business
Many new business owners are so excited to get their doors open and gain clients, offer the best customer service and start making money their accounting needs are often last on the list. Behind your day-to-day operations lies one of the most important elements of your business-your financial books.A small business accounting consultant can help not only new entrepreneurs but also those not experienced or educated in the accounting cycle but well versed in entrepreneurship. Some of the services an accounting consultant firm can offer include:Initial Set Up of Accounting SoftwareThese professionals can help set up your accounting software including a chart of accounts dedicated specifically to your business. A consultant can set up any schedules, journals and train your staff on utilizing the system accurately such as how to make journal entries and produce financial reports.Having an accurate set of books is a necessary must! While many accounting software programs advertise their ease of use, if you don’t know what you’re doing, you can make a mess of a your financial books quickly.Turning to someone with the expertise to set up and review your software or even help you choose the correct software is just one way an accounting consultant can be a lifesaver.Tax ReturnsIf you’re lost on business tax Internal Revenue Service (IRS) forms 1065 or 1120S, find accountants who can help you via the consulting route. You can utilize their professional expertise to complete the entire tax return or work with them to understand how the process is completed.These consultants utilize source documents they have help you set up in your accounting system such as income and expense statements, balance sheets, the trial balance and required schedules such as accounts payable and receivables. They also help you determine your stock basis at year beginning and end, owner’s equity and retained earnings. Finally, if you need to make year-end adjusting journal entries, they can walk you through this process as well. A clean set of books is needed each year for every business.Financial Advice and GuidanceThere may be times when you will need an accountant consultant to help explain your financials to possible investors via an audit. Audited financials are often the most trusted and will entice those looking to invest.A consultant can also provide your bank requested financials on a monthly or annual basis. If your business is a franchise and requires monthly and annual accounting to the franchisor, a consultant can help in this area as well.When it comes to investing in buildings or equipment, your consultant can guide you on whether the investments are smart ones. For all your depreciable assets, they ensure the depreciation method you are utilizing is legal in the eyes of the IRS.If you are audited by the IRS, accounting professionals can ease the process, especially if they are familiar with your software, source documents and tax returns. This alone is one reason to hire an accounting professional to ensure they are there when you need them.A Necessary ExpenseUnless you’re a CPA, you will need to find accountants to help you throughout the year and at tax time. Because consulting is become popular in today’s economy, seek out an accountant’s directory by browsing the many providers listed on B2B online directories.Because you need your financial records to be 100 percent accurate, this business expense is prudent and wise. Search for a small business accounting professional or post a request for help on an online business marketplace before you find your books are a mess.
Why Cash Safe is an Essential Commodity?
Are you one of those people who don’t trust banks and would rather keep substantial cash within the home or office? With the rising rates of criminality in the neighborhood , don’t you think it’s a big hazard to be keeping cash and jewelry right inside your own home? Perhaps, what you require is really a cash safe to offer both security and protection for your cash and other valuables should any unseemly happen within the home. It provides the peace of mind that should a burglar enter the home, the precious possessions are secure on the cash safe that’s bolted firmly either to the floor or the wall. If you are tentative about purchasing a safe thinking that it could be quite expensive to your requirements, you will discover items that can be affordable like chubbsafes. However, a cash safe is an investment that will certainly be suitable for your requirements for safety. Cash and valuables are certainly tempting especially if you do not put much importance on its safety. In terms of access, you could be assured that not a soul besides you or whomever you trust will be able to open the safe and get hold of the contents. Affordability shouldn’t be a factor in your hesitation to get a safe as you can find reasonably priced safes in the likes of reconditioned safes, used chubbsafes and secondhand safes. Meanwhile, there could be an alternate with bank safety deposit boxes even for those who have limited access according to working hours and requirement to travel. With your own personal safe, you gain a similar protection furnished by safety deposit boxes with the effortlessness of getting it right inside the home and also the absence of rental fees. In times of disaster, you simply have to open the safe and access whatever amount is compulsory. Perhaps, the higher advantage is the security against fire and other fortuitous events like floods. Due to technological advances, a lot of the recent safes are both fireproof and waterproof. If the home is found in a place where there are high incidences of wild fires, your chubbsafes are generally the best protection provided for the cash, jewelries and irreplaceable documents. Security is currently the factor that most owners tend to offer the home however, there are occasions when you have no control over certain events. Should anything disastrous happen, you are going to be glad you have a safe whether it is solely the reconditioned safes or secondhand safes as it is going to save your most dear possessions from any eventualities.
Testing in Financial Services – Leveraging Process Maps
Financial Services – The evolving environmentAn account deposit is a simple credit to an account – can there be different ways of doing it? Ask a Banker and the response would be a resounding “YES”. It could be a drop box deposit; alternately cash deposit at an ATM; mail-in deposit and over-the-counter deposit are just some of the different ways which come to mind immediately. These are the varieties within a bank; across banks the variety increases further.The moment we consider any activity where decisions are involved, each financial institution has some nuance which is different, process is different. To a certain extent this variation is driven by the traditional approach to banking. However, additional factors which weigh in today are also around availability of information which might impact the decision as also the regulatory environment.Traditional Approaches in Testing & ChallengesTraditional testing approach is more like an extended arm of various popular software development models like the Waterfall Model. Various methods still in vogue include: reviews, walkthroughs, inspections (Static testing), test case design and execution (Dynamic testing). Manual testing is the oldest and most prevalent approach to testing even today. It requires the tester to do a rigorous round of manual test operations.With increasing complexity of functionality and the requirement for thoroughness in testing, the time and effort being spent on testing as a percentage of total project time has been steadily increasing over the years (refer figure 1). One of the major reasons for the same is driven by the complexity of applications compounded by the straight through processing (STP) of various transactions.To achieve adequacy of test coverage, today’s testing approaches have built on the traditional approaches by mushrooming the test scenarios and test cases thereby ensuring apparent adequacy of testing and reducing the possibilities of any errors during the operational environments. While it does improve test coverage, the traditional mapping to functional requirements does not necessarily ensure 100% test coverage. Additionally, it adversely impacts the testing effort and cost of testing.Scenario Based Testing – Achieving testing efficiencyIn today’s environment where budgets are shrinking, leveraging such a ready-made asset with the speed and maintainability advantage does create a stronger business case for adoption, especially if the process map parallel enhances the organization documentation levels, achievable as a by-product from a highly efficient testing approach.For End Users and Service Providers alike, adopting the approach requires some basic investment in creating the assets (process flows and scenarios). However, the return on investment is realized through the training it imparts to the asset creation team on domain knowledge as also the premium realized from shortening the test cycle for any client. The advantage from optimizing the test cycle due to focused scenarios and the upgrade of organization documentation on processes forms an attractive proposal to prospective clients.
Successful Financial Planning Is More Than A Document
A successful financial plan or a plan to address accumulated wealth requires much more than an assembled report or analysis with recommendations. Many times a person that is nearing retirement or has accumulated wealth has a written plan created and then shortly thereafter, finds it to be stored on a shelf or in a drawer and is never really looked at again.As a great contributor to the financial profession, Dave Ramsey, once stated, that financial planning is 20% planning and 80% behavior. There is a lot of truth in this statement as planning not only involves the behavior of the individuals or family doing the planning, but also the advisor who may be engaging them in putting together a financial plan.Financial planning is very much a process and not an event. Planning includes specific goal identification, exploration of individual and family values and purpose, the establishment of a team of trusted advisors, careful construction of a strategy, tactics and selection of tools, implementation, and careful monitoring. Each of these areas requires careful consideration and understanding.Establishing goals and what is Important to you- It can’t be stressed enough how important it is to spend plenty of time in this very first step in the financial planning process. Although this step is standard within the financial planning process, it often requires more emphasis than actually occurs. Ample time needs to be taken in planning to correctly identify goals that are the most important, and assure that accumulated wealth is being aligned with purpose and values in a way that creates fulfillment in the future.Careful selection of your team of advisors – Selecting advisors is like assembling an award winning sports team or business team. Not only should you select advisors of the highest competence, objectivity, and reputation, but also a team of advisors that are willing to communicate with each other and work together. One of the challenges that an individual has in forming a team of advisors, is the disconnect that commonly exists between the financial advisor, CPA, estate planning attorney, business attorney, etc. It is important for success that a team of advisors are willing to communicate with each other and work together on your behalf.Developing the Financial Plan – This step involves construction of a written plan that is coordinated with your team of advisors and involves careful consideration of planning strategies, development of the tactics and careful selection of the tools for each area of your plan. Whether a financial plan involves the design of investment portfolios, a plan to successfully exit a business, an estate plan, legacy plan, or all of these areas in one comprehensive plan, a plan needs to be designed in a way that connects your wealth with your purpose, values and stated goals.Implementation of a financial plan – This step requires teamwork and communication. A detailed action plan needs to be published and followed by you and your family as well as the advisors that are involved. It is recommended that a system is in place that enables you to follow through with the required action steps. The action steps need to be specific and have precise dates for accomplishing them with communication for tracking the status.Monitoring your results – This step often causes a plan to fall apart. Regular monitoring is required, frequent communication is important, but most of all commitment from you and your advisors to follow through and work towards achieving your goals. It’s like running a business, in that having the proper systems in place, discipline and focus becomes vitally important to successful results.This is a short description of a successful financial plan. Although, there are many details that need to be considered, it is important to realize the various steps and how to follow through with these steps to help assure your success.
Working Capital Loan Key to Business Growth and Expansion
Small businesses need working capital loan to expand their business or hire additional labor. It is the life blood of any business and is eventually be required for growth and expansion. Before we delve deeper into working capital loans, we must first understand what working capital is.What is Working Capital?You get working capital when you deduct total current assets from current liabilities. Examples of current assets are inventory, short-term investments and cash in bank. Current liabilities include short-term debts, accounts payable and line of credit. When you deduct current assets from current liabilities, you get a clear idea of your business position. To be successful in business, you will need positive working capital. Positive working capital shows that you are able to pay off your current debts. Nobody likes a negative working capital that usually signifies a company’s inability to meet short-term liabilities.Is it important to raise working capital loan?It is important for a small business to understand working capital needs. Eventually, a company requires loan for working capital so that it can set up new targets, expand business or hire new workers. With working capital financing, companies can have options when it comes to raising their capital. They can select from a wide selection of loan options such as; credit card factoring and small business loan applications. Of these, applying for a temporary loan is a wise decision. There are companies that extend loans to small businesses so that they can look forward to expanding their business.While applying for a business capital loan is easy, it is crucial to check for repayment options. You don’t want to fall in a debt trap and so it is important to carefully review a company’s terms and policies before applying for a loan. You should also check whether the company is self-funded or not. Self-funded companies are flexible enough to help businesses raise working capital loan. Where banks and similar establishments fail to offer loans due to strict underwriting rules, it’s only these companies that come forward to help businesses raise working capital.Before applying, make sure that you give good reasons for raising a loan. Moreover, a profitable business will definitely help you secure a loan for your expansion needs. But make sure that the loan repayment terms are flexible. The company should allow businesses to easily repay the loan over a period of time. Once you are assured of repayment terms and other information, you can apply for a loan.