CFA is one of the most globally recognized qualifications in Finance. But there’s always a debate around the fact whether having a CFA charter is worth all the effort or not. Well, the fact that it requires a certain dedication and discipline, makes it worth a pursuit. There are many benefits of CFA and some of them I’ve listed below for you: Moving abroad: If you are planning to move to a foreign country, for example Europe, then having a CFA charter helps a lot. Because of the global recognition of the charter, you automatically gain eligibility to work at the finance and accounts industries all around the world. Many more profile options: When it comes to accounting and finance, people feel limited in terms of career options. Whereas a CFA charter opens doors to a diverse list of work profiles such as Portfolio Manager, Research Analyst, Corporate Financial Analyst, Financial Advisor, Relationship Managers, Risk Manager, Investment Banking Analyst, Strategist, Trader, Broker. Performance Measurement Specialist, Private Banker and more. Detailed knowledge: The CFA qualification requires you to clear three levels of exams viz. CFA Level 1, CFA Level 2, CFA Level 3, throughout which you read and acquire knowledge that you otherwise would take years to gain as a professional. The syllabus obviously helps you identify your academic prowess and if nothing else, just the preparation will give you insight on practical aspects of finance and accounts industries worldwide. You’ll grow as a person, intellectually. CFA has its huge set of benefits, but you must know that it is mostly about equipping yourself with the correct skills in order to become a global asset for your industry. Because a degree or a charter is only a part of a person, which makes him qualified on paper, but it takes more than just qualification to get a job and an identity. The words you are looking for here are networking and interviewing skills. If you do not have these soft skills, you may need professional guidance. CFA exam is not that hard if you prep right. The best place for CFA preparation in India is EduPristine. It is one of the market leaders for Finance preparation programs and a reliable name. They are also known for their faculty members who are practitioners from the Industry itself. And the cherry on the top is that they also provide Career Services where they help you with your soft skills and train you for interview. The worth of CFA depends on how you perceive the efforts you put in for an examination. If you value the things you learn in the process then you’ll definitely find worth in the CFA course.

(Oracle 8i) is considered to be vital for DBAs and developers. What are Global Temporary Tables: Data in this table is stored as long as the session or transaction gets over and is private for each session. eventually, after disconnection, the data is lost but the definition of the table remains. Performing ddl operations is not necessary, however. The synonyms, or views and other structures related to the temporary table don’t disappear after transaction or session. Indexes will be created likewise. The features of Temporary tables have triggers and all the statistics related to table access cost, information of rows and blocks, join cardinality, etc. Foreign keys cannot be integrated into temporary tables. Examples of usage involves replicated data manipulation from remote tables, it is also useful in temporarily storing a set of rows to be processed against other tables. There is no denying that Oracle database has evolved over the years. Some redundant features have paved way for ingenious additions to which Oracle Global Temporary Tables (GTT) is one of the latest. To read more on Global Temporary table in Oracle, read here: https://www.edupristine.com/blog/oracle-global-temporary-tables

Has it ever happened to you that you came to know about the new Google’s tool or other news after a month it was announced?? That would not have been the case, if you were updated with latest developments and happenings about Google. How can you stay updated?? Simple, by following the below mentioned Google blogs. 1. Google Research Blog Know what is happening in Google and what the new researches are. Google Research Blog gives you latest news from Research at Google. Various researches are carried out for various products of Google like search algorithms, systems infrastructure, machine learning, and programming languages. Through this blog stay updated with all the news 2. Google Official Blog Follow Google’s Official Blog to stay updated with news and updates on Google’s products, technology and more. On this blog page you will find product announcements and news, company updates, glimpses into what it’s like to work at Google, discussions on technology and the web, and much more. 3. Google Inside Adwords Blog Google Inside Adwords Blog is a must follow for all those who run the Google Adwords campaigns. Through this blog you can stay updated with the news, tips and information on Adwords. The blog page is a central place for you to learn how Google can help make the web work for you and drive your customers from intent to action. So don’t wait more and follow this blog for the latest product and feature announcements, best practices, and case studies, as well as expert recommendations on Google ads products. 4. Google Webmasters Central Blog Google Webmasters is a free toolset provided by Google that helps you to know what is going on with your website. By following the Google Webmasters Central Blog you can know about every news on crawling and indexing sites for Google index. If any new feature is to be introduced, you can know it immediately through Google Webmasters Central Blog. So follow this blog and make your website user friendly and easy to find on Google. 5. Google Apps Update If you love to know about the new app and their upgrades then I am sure that you would be following the Google Apps Update Blog if not, then its not too late, follow it now. This page is an official feed from the Google Apps team that provides essential information about the new features and improvements in the apps by Google. 6. Blogger If you blog constantly on your personal blog at blogger. Com then you will love to read this blog page since it gives you all the latest information on the developments in the new features of blogger. Whether it is inclusion of new templates or custom domains, you can get all the information through their blogs. 7. Google Analytics Blog Google Analytics is the enterprise-class web analytics solution that gives one rich insights into the website traffic and marketing effectiveness. By following this Google Analytics Blog, you can stay updated with the newly introduced features and developments. It also provides tutorials to the new features of Google Analytics. 8. Google and your business Blog Expand your business by following the tips on blog page of Google and your Business. With the importance of online marketing increasing day by day, this blog page is like a blessing in disguise for all those who are struggling with their web marketing. This blog gives out amazing tips and tricks and other useful information to manage your business with Google solutions. 9. Google Ads Developer Blog Through the Google Ads Developer Blog, you can stay updated with news of Adwords, AdSense, DoubleClick, AdMob APIs and SDKs. Follow this blog for latest Ads developer product and feature announcements, case studies, and best practices, as well as opportunities to interact with and learn from the Google’s Ads Developer Relations team and other members of the developer community. To know more on ideas behind Google strategies, and reasons behind Google logo change, along with other major brands, read this: https://www.edupristine.com/blog/whats-in-a-logo

The Irrational Rationale behind Facebook’s Acquisition of WhatsApp: Defying all the theories of Corporate Finance and principles of equity valuation, Facebook recently announced acquisition of WhatsApp at a whopping valuation of $ 16 bn…yeah…you heard it right…it’s billion and not million. Add to that shares of Facebook worth $ 3 bn to be issued as restrictive share units to the employees of WhatsApp, the valuation hits the rooftop of $ 19 bn. In terms of magnitude, let’s look at the table below to get a hang of the valuation quoted for WhatsApp. “Facebook Buys Whatsapp” While we are still gasping for breath after going through the table above, let’s try to be rational and figure out what might have led Facebook price WhatsApp so high. Irrational Rationale behind WhatsApp Acquisition Even after spending some 10 hours and flipping through almost all the news articles, reports and analysts’ opinions, I could not figure out any rationale behind such a high valuation. However, I could think of various reasons behind this acquisition. Before we get into the shoes of Facebook’s CEO and start thinking (rationally or irrationally) like him, let’s understand a little bit about the two companies involved here. None of them needs any introduction. And almost all of us would have used / continue to use platform offered by one or both of them. While these are the statistics that place Facebook as a very strong buyer in comparison to the Target, let’s look at the facts below as well to figure out the reasons behind this acquisition: 1. Highly Active Users Base The users on WhatsApp are highly active given the level of activity reported in the exhibit above. Facebook in comparison, is losing its shine – this is what I feel after interacting with the many around me. 2. Fast Growing User Base WhatsApp has demonstrated extraordinary growth in its user base probably unparalleled in history. 3. Complementarity offered by WhatsApp users base WhatsApp user base is exactly what Facebook is looking for: WhatsApp has a strong presence internationally and particularly in Europe, India and Latin America. These are also the regions where Facebook is trying to grow its base of users. WhatsApp and other mobile messaging services are used by all age groups alike. They are widely used by teens and tweens, a group that has recently started dissociating itself from Facebook. WhatsApp offers a very personalized one on one interaction platform which probably users of Facebook never got and always complained about. The success factor behind WhatsApp is probably an early embracing of mobile technology. And this is probably the only factor behind Facebook’s struggle. They went public without any revenue from mobile devices. It is still looking to expand its mobile reach. Although WhatsApp is more limited in its scope and capabilities to Facebook and Twitter, mobile messaging services are becoming competitors to traditional social networks. 4. Threat from Google Facebook is a relatively new entrant in the internet technology / social media business ecosystem. It needed support / platform to fight the existing and stable players in the ecosystem like Google, Apple, Microsoft and Yahoo. Informal articles on internet suggest that Google attempted acquisition of WhatsApp in the past, even attempted to outbid Facebook after the deal was announced and ultimately even suggested WhatsApp to stay independent as it had been always in the past. 5. Attempt to become a diversified social media player Facebook may be attempting to emerge as a social media conglomerate. It can aspire to become a dominant player with different tools like Instagram and WhatsApp in its arsenal. Each one does things that the other property can’t. Intriguing, isn’t it? If you wish to add anything further to the blog, go ahead and post your thoughts in the comments section below! To know the Business Model of Whatsapp, and the reasons behind why facebook buys whatsapp, read the blog: https://www.edupristine.com/blog/analysis-facebook-acquisition-whatsapp-part-2

Now that you have cleared your class 12 examinations, have you given any thoughts on what you want to do next? If you are thinking of choosing a career in Commerce then we would say it’s a great choice. In India, Commerce has grown tremendously and is known for providing a wide scope of career options to pursue after class 12. It further gets wider with students realizing the importance of Commerce and the specialization courses associated with it. These courses not only give you an opportunity to grow and make an illustrious career but also help you become the top-notch in your professional career. But the question which troubles you is ‘What will be my career options after 12th? It is not a compulsion that you need to have completed your Higher Secondary from Commerce only. A Science or an Arts’ student can also pursue these specialized courses after class 12. As it is rightly said “It’s not what you achieve, it’s what you overcome. That’s what defines your career”. All you need is dedication, hard-working spirit and self-confidence to face all the hurdles coming your way. Now let me throw some light on some of the most prestigious and industry respected career options you can opt for after class 12. It’s no hidden truth that the present economy has tanked, besides this; the possibility for you to get your dream job in Commerce stream can be less due to the ever-increasing competition. As a matter of fact, companies do not entertain a fresher who’s just out of the college with minimalistic experience at hand, leaving your future and career options after 12th look bleak. Although you have ventured into the Commerce Stream expecting for a bright career and decent career prospects, the tough job market can be a stumbling block in the paths of your success. Jobs in Commerce have seen a considerable increase in India, however qualifying for a particular job is anyway different. Undoubtedly, Commerce stream offers myriad of jobs in Accounting and Taxes, but qualifying for these sectors requires one to have good experience under one’s belt. Which is why if you are thinking to be an Accountant or a Compliance Manager, a graduation is just not enough. If you wish to pursue jobs after 12th, then you have to go beyond just bookish knowledge. For this, job-oriented commerce courses have sprung up in the recent times. To know what are the courses after 12th, read this: https://www.edupristine.com/blog/courses-after-12

Let excel do math for you regardless of whatever condition you are in. From planning the monthly budget of a common man to balance sheet of an organization, Autosum in excel is a one-click tool in Microsoft Excel that runs functions on a list of data. A handy yet powerful function in Microsoft Excel that can automatically add up a range of cells quickly by saving your time. It’s often faster than creating a formula when you have large sets of data to add up. I prepared a list of data that I want to add up and let us see, how to do that. In the below scenario, we need to know how much sales we have done at the end of the year for individual location and let’s look how we shall use this AutoSum function. Instead of typing the sum formula, on the right hand side of the home tab, you will be able to find the option AutoSum. Now, click on the dropdown and you shall find several options such as sum, average, count, max, and mind. As we are looking up for the total, select the sum option When you chose the option of Autosum from the ribbon, it automatically guess the range of cells to be added. You can even change the range, it is mutable. Hit enter and you shall receive the sum of the entire column you have selected. There you go. Likewise, you can perform other operations by selecting the respective option in the AutoSum dropdown. Things to remember while using AutsoSum function in Excel: ● Autosum can only go up or left, not right or down. ● You can also press ALT+= (on Windows) or Option+Command+= (on Mac) as an alternative to clicking the Autosum button on the toolbar. ● Autosum stops when it encounter an empty cell or a cell that doesn't contain a number. Autosum stops functioning when it hits any non-numeric value in your range. Strictly speaking, the Autosum formula will work but the error will stop it calculating the result

A Sample balance sheet is a financial statement which provides an idea of a company’s financial position. The ultimate purpose of the balance sheet is to disclose the financial position of the company at a given time. A balance sheet is mostly prepared at the end of accounting period like a month, quarter or year-end depends on the organization. For larger organizations, a balance sheet must be filled once in a year as a part of company’s statutory accounts. It does by outlining the total assets that a company owns and any amounts that it owes to lenders or banks. A standard company balance sheet has three parts as assets, liabilities, and owner’s equity. Let us discuss in detail as follows. Assets: Asset is anything that a company owns in order to generate income. This could be cash, property, equipment, inventory and so on. As asset is expected to be converted into cash. In a simple balance sheet, assets are indicators of company’s holdings. Assets are further classified into tangible and intangible assets. The tangible assets are further divided into current, long-term and other assets. On the other hand, the intangible assets could be trademark, copyrights etcetera. In a balance sheet, assets having alike properties are usually grouped together. A widely known approach is to bifurcate the assets into current assets and non-current assets. ● Current Assets: Current assets can be defined as the assets which include cash and the assets that could be converted into cash. Current assets are expected to be consumed within a year. Cash, cash equivalents, accounts receivable, prepaid expenses are some examples to mention. ● Non-Current Assets: Non-current assets are also often referred as long-term assets. Here, investments are known as the accounting year. Examples of non-current assets are buildings, land, machinery and all intangible assets. While preparing a balance sheet, the currents assets are mentioned first and non-current assets later. 2. Liabilities: Liabilities can be defined as the amount that an organization holds. Liabilities are further divided into current and long-term liabilities on the balance sheet. Let us discuss them in detail. ● Current Liabilities: Current liabilities are the claims that are expected to meet within a year. These are accounts payable, accrued expenses, taxes payable, or by the provision of goods or services. ● Long-Term Liabilities: All liabilities that are not current liabilities are considered as long-term liabilities. These are the debts that must be repaid in more than a year from the date on the balance sheet. 3. Owner’s Equity: In the balance sheet, owner’s equity is often referred as a shareholder equity. This is also known as a book value. Owner’s equity can be considered as the net assets. It is the assets minus the liabilities. Any remaining value in assets can be attributed to owner’s equity. The formula of the balance sheet can be defined as: Assets = Liabilities + Owner’s Equity How to prepare a simple Balance Sheet? There are two formats to represent the balance sheet. In the account format the items are presented horizontally whereas, in the report format, the asset items are listed vertically. Why is the Balance Sheet important? A simple balance sheet provides a whole picture of the financial health of an organization at a given period of time. The balance sheet tells you the current value of your assets and the complete view of your business. A balance sheet could also serve as an indicator before any disaster occurs in the business. With the help of a balance sheet, you can analyze the following things such as, the general financial position of the business, productivity and growth of the business and Warning signs that there is a threat ahead.

In today’s complex business environment, if you’re the one who digs evaluating and analyzing data, interacting with a variety of people, bringing meaningful insights, creating solutions, a career as a business analyst could be for you. Before you line up the things, it is imperative to know the significance and what exactly is business analytics meant for. Business analysis is the process of understanding business needs, capturing, analyzing, documenting the requirements, and delivering the requirements to the relevant stakeholders. Business analytics is used to evaluate organization-wide operations and can be performed from sales to customer services. With an eternal thirst to be best in the market, there should be consistent performance and this is where business analysts come into the picture. Business analyst produces the requirements which distinctly state the business needs to enhance the competitiveness and the performance of a company. Business analyst acts a bridge in between the current issues and the answers to mend it. Business analysts consistently work on improving or updating a computer system like how an architecture builds. Business Analyst Job Description: Business analyst conducts market analysis, gather essential data, ensure business data, compile into reports, which managers and shareholders can use. Exceptional communication, analytical, and technical skills are must-have traits to be a business analyst though. As a business analyst, you are expected to have the following skills. ● Creating, analyzing, and validating detailed functional specifications. ● Using business analysis, flow charts, activity diagrams, document analysis, workflow analysis. ● Interpreting business needs of customers and translating them into the application and operational requirement with the help of strong analytical and product management skills. ● Creating a detailed business analysis, outlining problems, figuring out opportunities and solutions for a business. ● Communicating the benefits of your recommendations across departments and assist to address any uncertainty. ● Collaborating proactively with internal and external customers to analyses information needs and functional requirements and delivering use cases, interface designs as when required. ● Delivering work products throughout the project life cycle. ● Challenging the presumptions of business units on how they can execute their strategies successfully. ● Producing written documentation to support the work, report on findings to present to the stakeholders when necessary. ● Using the natural language to develop requirement specifications. Business Analyst Duties: ● Understanding the requirements of the business. The vital role of a business analyst is to work with the project stakeholders and understand their requirements and translated them in a technical way that developers can understand. ● It is an inevitable responsibility of a business analyst to lead ad hoc or formalized teams as they need to coordinate and structure on designated projects or assignments to achieve fruitful results. ● Business analyst’s core responsibility is to correct defects, make changes, maintenance and enhancement of the values of the system. They are also expected to provide reports of several documents. ● Helping technically in training and coaching of professional and technical staff. ● As mentioned earlier, the business analysts main role is to build the business requirement specification. They have to develop informative, usable, and coherent documents for the professional success. Hence, technical skill is must to become a data analyst. ● A business analyst must be strong in decision making and can use the formalized techniques like decision matrix which assists in making business appropriate and possess the top-notch quality to provide the best possible service for the clients. ● Business analysts responsibilities don’t end up with the identification of needs and requirements but also expected to ensure that the product is functioning well as it has been designed. This is where user acceptance testing comes into the picture and business analysts should actively come up with several test scenarios. Business Analyst Salary: Salary of a data analyst usually is dependent on the organization and job responsibilities. It’s not a surprise that business analysts do get a substantial paycheck compared to other roles in entry-level considering the fact that they have the responsibility to meet the end. But, you have to be outstanding and exhibit your skills to stand out from the cluster. So, what are you waiting for? EduPristine offers a top-notch big analytics source that gives your career a much-needed boost. Let us know in the comment section below how this article have helped you in getting insights.

Big Data and Hadoop have been considered as synonyms for a long. However, there’s a thin line between Big Data and Hadoop which explains all. Big Data is a problem and Hadoop provided a solution to it. Big Data is a collection of humongous collection of data. It cannot be processed by traditional methods because most of the generated data is in unstructured form. Here, Hadoop emerged as a solution to this problem. Who is a Hadoop Developer? A Hadoop Developer jobs is similar to that of a software developer but in the big data stream. Hadoop Developer is expected to write code or build applications of Hadoop. He/she must be aware of how the components fit together and decide on which is the best Hadoop component for a specific task. Let us look at some responsibilities a Hadoop Developer must possess to gain a basic understanding of what exactly this job is all about. Job Responsibilities of a Hadoop Developer: ● A Hadoop Developer has many responsibilities depends on the domain or sector. Following are some of the tasks a Hadoop Developer is responsible for: ● A Hadoop developer might take an ownership of data as the more one is with familiar the data, the more meaningful insights are. ● Install, configure, and maintain enterprise hadoop environment. ● Create MapReduce coding that works seamlessly on Hadoop clusters ● Perform analysis of huge data stores and uncover insights ● Maintaining security and data privacy ● Translate complex functional and technical requirements into detailed design. ● Test prototypes and oversee handover to operational teams. ● Implement best practices or standards. Hadoop Developer Skills: As you are aware of the job responsibilities of a Hadoop Developer, it’s time to hone the essential skills to become one. ● Basic knowledge of backend programming languages like Java and OOP. ● Writing reliable and maintainable code ● Good knowledge of concurrency and multi-threading concepts. ● Data processing for generating the patterns. ● Obvious knowledge of Hadoop ecosystem and its components. Pig, Hive, Flume, etcetera. ● Analytical skills applied to Big Data Domain ● Data cleansing for verification and validation It is not mandatory that every Hadoop Developer must be involved in all the aforementioned points. They are just commonly performed tasks, however, the job role differs from organization to organization considering the domains, plans, and size of the team. Career Opportunities for a Hadoop Developer: There are several job titles and opportunities available for Hadoop Developers such as Hadoop Engineer, Architect, Lead Developer, and Big Data Developer. You are absolutely wrong if only IT companies offer the Hadoop jobs. Besides the tech companies, there are several sectors that require Hadoop Developers such as travel, retail, healthcare, advertising, telecommunications, government etc., Hadoop Developer Salaries: It actually depends on the company you are working such as a startup or mid-level company or a large firm. It also depends on the experience one has in the industry as it reflects the knowledge he possesses. Salaries of Hadoop developers are fatter than many other positions in the industry but varies upon factors like city chosen, certification, etc., An entry-level Hadoop developer with certification can draw 5.9 LPA Hadoop Developer Job Opportunities: There has never been a better time to excel in something. Hadoop is a rewarding and lucrative career with a plethora of growth opportunities. However, it is not a piece of cake. Becoming a Hadoop Developer takes effort, time, and a small investment but the treasure you discover at the end is quite rewarding though. If the above-mentioned points interest you, it’s time to brace yourself to up-skill with Hadoop and grab an opportunity to become a Hadoop Developer. Get started with specially curated Big Data and Hadoop course by EduPristine.

Capital budgeting is a company’s formal process used for evaluating potential expenditures or investments that are significant in amount. In layman's words, Capital budgeting, and investment appraisal, is the planning process used to determine whether an organization's long-term investments such as new machinery, replacement of machinery, new plants, new products, and research development projects are worth the funding of cash through the firm's capitalization structure (debt, equity or retained earnings). It is the process of allocating resources for major capital, or investment, expenditures. One of the primary goals of capital budgeting investments is to increase the value of the firm to the shareholders. It involves the decision to invest the current funds for addition, disposition, modification or replacement of fixed assets. The large expenditures include the purchase of fixed assets like land and building, new equipment, rebuilding or replacing existing equipment, research and development, etc. The large amounts spent on these types of projects are known as capital expenditures. Capital Budgeting is a tool for maximizing a company’s future profits since most companies can manage only a limited number of large projects at any one time. It usually involves calculation of every project’s future accounting profit by period, the flow of cash by period, the present value of cash flows after considering the time value of money. The number of years it takes for a project’s cash flow to pay back the initial cash investment, an assessment of risk, and various other factors. FEATURES OF CAPITAL BUDGETING: It involves high risk Large profits are estimated The long time between the initial investments and estimated returns CAPITAL BUDGETING PROCESS: ● Project identification and generation: The first step towards capital budgeting is to generate a proposal for investments. There could be various reasons for taking up investments in a business. It could be the addition of a new product line or expanding the existing one. It could be a proposal to either increase the production or reduce the costs of outputs. ● Project Screening and Evaluation: This step mainly involves selecting all correct criteria to judge the desirability of a proposal. This must match the objective of the firm to maximize its market value. The tool of the time value of money comes in handy in this step. Also, the estimation of the benefits and the costs need to be done. The total cash inflow and outflow along with the uncertainties and risks associated with the proposal must be analyzed thoroughly and appropriate provisioning has to be done for the same. ● Project Selection: There is no such defined method for the selection of a proposal for investments as different businesses have different requirements. That is why the approval of an investment proposal is done based on the selection criteria and screening process which is defined for every firm keeping in mind the objectives of the investment being undertaken. Once the proposal has been finalized, the different alternatives for raising or acquiring funds must be explored by the finance team. This is called preparing the capital budget. The average cost of funds must be reduced. A detailed procedure for periodical reports and tracking the project for the lifetime needs to be streamlined in the initial phase itself. The final approvals are based on profitability, Economic constituents, viability and market conditions. ● Implementation: Money is spent and thus proposal is implemented. The different responsibilities of implementing the proposals, completion of the project within the requisite time period and reduction of cost are allotted. The management then takes up the task of monitoring and containing the implementation of the proposals. ● Performance review: The final stage of capital budgeting involves comparison of actual results with the standard ones. The unfavorable results are identified and removing the various difficulties of the projects helps for future selection and execution of the proposals. There were some pointers on Capital Budgeting. The need for Capital Budgeting on the day to day investments are as follows: ● A large sum of money is involved which influences the profitability of the firm making capital budgeting an important task. ● Long-term investments, once made, cannot be reversed without a significant loss of invested capital. The investment becomes sunk, and mistakes, rather than being readily rectified, must often be borne until the firm can be withdrawn through depreciation charges or liquidation. It influences the whole conduct of the business for the years to come. ● Investment decisions are the based on which the profit will be earned and probably measured through the return on the capital. A proper mix of capital investment is quite important to ensure an adequate rate of return on investment, calling for the need for capital budgeting. ● The implication of long-term investment decisions is more extensive than those of short-run decisions because of the time factor involved, capital budgeting decisions are subject to the higher degree of risk and uncertainty than a short-run decision.

An annual report is a snapshot that corporations provide the stakeholders, investors, and community by describing their operations, financial conditions, the balance sheet, commercial performance, corporate governance, assessment of the financial trends of the business of the preceding year. Annual reports are prepared at the end of the fiscal year to provide the internal operations of the company such as activities of past and future and performance to the customers. Preferably, every investor must investigate to obtain the financial information and what management is headed to. A typical annual report covers multiple sections that assist investors and creditors understand the company rather than by simply looking at a set of regular purpose financial statements. An annual report acts as a pinnacle in the corporate communications. Key components of Annual Report: An annual report assists in understanding the assets and pitfalls of an organization's financial conditions as it acts as a reflector of the outline of corporate earnings. An Annual report usually begins with a letter of Chairman of the Board or the CEO, followed by financial information, products that are on the board, the company's subsidiaries, and director's reports. ● Chairman’s Letter: It has been conventional to maintain a letter from the chairman of the board to the stakeholders to present an overview of the preceding year’s key improvements and challenges where they couldn't meet the expectations. This part of the annual report also consists of the future outlooks such as insights, strategies, and growth opportunities. Small businesses might not have a board of directors, but a letter from the president is appropriate to give to investors. ● Ten-year Financial Summary: Prior years annual reports help in analysing the growth or de-growth over the period of time and also suggests other preeminent pointers of organization’s success. ● List of Directors and other Officers: All the information regarding the prominent delegates of an organization such as CEO, CFO, president, and vice-presidents is available here. The other members who are on the board but may not be a part of the company can also be included here to assist in certain situations. ● Management Discussion and Analysis (MD&A): The management discussion and analysis is the section of the annual report where the management presents the different aspects of the business. It is an overview of the performances of previous years and highlights the business strategy that they intend to pursue the coming fiscal. It could be an inception for a new investor to understand the business fundamentals. Appointments, new product launches, updates on the progress, and other pieces of information are discussed here. ● Director’s Report: As financial reporting is an indispensable part of running a business, a director's report is a financial document that needs to file at the end of every financial year. ● Corporate information: Subsidiaries, brands, addresses: This section of the annual report consists of company locations, product lines, brand names, and contact information. ● General shareholders’ information and corporate governance: Here, the report consists of the aspects that are essential to the shareholder of a company and need not be a part of the daily operations of a company. ● Financial Statements and Schedules: This section includes the financial performance data of the company such as operational performance as the financial strength of a company during the reporting period. There are three financial statements namely, the profit and loss statement, balance sheet, and cash flow. Reading an Annual Report: Following are the certain things to keep in mind while reading an annual report of any organization. ● Review the company’s financial statements and analyses how to enhance profitability, growth and sustainability. ● Footnotes and schedules are to be taken seriously for a better understanding of the financial statements. ● One must be able to recognize the signs that the company is providing regarding any disaster or growth ahead It is essential to scrutinize the annual report for the information before taking any investment decisions. One just needs to read an annual report like a newspaper and jump around to the sections related to you and decide whether to buy or hold on to the stock.

Who is a good Data Analyst? The short answer to this question is “A good data analyst is the one who turns data into information, information into an insight and insight into a business decision.” But if you are looking to make a career in Big Data then I am sure that this was not the answer you are looking for. So for now lets just forget about “Good Data Analyst” and concentrate on “Data Analyst”. I know you can manage the “Good” part on your own. Who is a Data Analyst? A data analyst is the one who collects, organizes and analyzes large sets of data (known as Big Data) to discover patterns and some other useful information. Data mining and Data auditing are a must have skills to become a Data Analyst. Data Analyst Skills: If you intend to become a successful data analyst, you must start by ensuring a good knowledge in technology, business intelligence, data mining, data auditing, mathematics, statistics and another bunch of analytics skills which include: ● Technical and Programming Languages: You need to be familiar with some computer software and scripting languages like Matlab and Python to find significant insights, statistical languages like R, SAS and other computer skills include javascript, XML and so on. ● Data Mining and Auditing: A data analyst must have data mining and auditing skills. Data mining is the process of sorting the large sets of data to classify patterns and establish relationships through data analysis. Data auditing is the process of conducting a data audit to assess how company's data is appropriate for a given purpose. ● Testing Skills: A data analyst must have testing skills as the tests are done based on the different hypothesis that impacts the key performance indicators in one way or the other. ● Statistical Skills: A data analyst must have a grounding in statistics as it helps in understanding algorithms deeply. ● Communication Skills: A data analyst is expected to work with different people. So, one should be able to communicate the technical findings to other non-technical findings to solve business problems. Data Analyst Job Description: As a data analyst, you will need to: ● Identify, analyze, and interpret trends or patterns in complex data sets that help in boosting the business. ● Importing data from various external data sources to bring meaningful insights into the business. ● Creating data visualisations to effectively convey findings to the management that helps in a decision-making process. ● Filter and clean data by examining computer reports and performance indicators. ● Work with management, IT teams, data scientists to determine organizational goals. ● Collect customer requirements, determine technical issues, and design reports to meet data analysis needs. ● Identify new sources of data and methods to improve data collection, analysis, and reporting. ● Collect, understand and document detailed business requirements using appropriate tools and techniques ● Locate and define new process improvement opportunities Data Analyst Qualification: A first degree in streams such as computers, statistics, economics etcetera is often required. Irrespective of your degree to succeed as a data analyst, you must be able the possess the relevant skills as mentioned above. Data Analyst Salary: Salary of a data analyst usually is dependent on the organization and job responsibilities. But it varies due to the niches one specialized in. However, according to payscale, an average data analyst can earn 3,10,000 /- per annum in India. Data analytics is a posthaste growing field and highly skilled analysts have demand in all sectors. This signifies that there are a plethora of opportunities to crack down. But, you have to be outstanding and exhibit data analytics skills to stand out from the cluster. So, what are you waiting for? EduPristine offers a top-notch big data source that gives your career a much-needed boost.

Before getting into insights, let us understand what amalgamation means. As the name suggests, Amalgamation is the blending of two or more existing companies into one. Say, company A and company B go into liquidation to create a new entity C. Amalgamation also includes the Absorption. Absorption is the process where one company takes control over the other. Considering the example, company A takes over company B and now, B is the wounded up. There are two commonly used terms you need to remember while referring the companies in amalgamation. They are as follows: Transferor company is the amalgamating company Transferee company is the amalgamated company. Types of Amalgamation: As per the accounting purposes, AS-14, amalgamation has been categorized into two as follows: Amalgamation in the nature of merger: When the assets and liabilities of the companies are truly pooled, as well as the interest of the companies and shareholders, is also combined, then it is called an amalgamation in the nature of merger. Amalgamation in the nature of purchase: This method comes into existence when the conditions of the amalgamation in the nature of merger are not satisfied. When the assets and liabilities of the company are obtained by another and purchase consideration is paid by the transferee company. Based on the above classification there are two methods to perform the accounting of amalgamation as follows: The Pooling of Interests Method: The object of Pooling of Interest Method is to account for the amalgamation as if the separate businesses of the amalgamating companies were intended to be continued by the transferee company. Accordingly, only minimal changes are made in aggregating the individual financial statements of the amalgamating companies. Through this accounting method, the assets, liabilities and reserves of the transferor company are recorded by the transferee company at their existing carrying amounts. The Purchase Method: The object of the Purchase Method is to account for the amalgamation by applying the same principles as are applied to the normal purchase of assets. In this method, the transfer company accounts for the amalgamation either by incorporating the assets and liabilities at their existing carrying amounts or by allocating the consideration to individual assets and liabilities of the transferor company on the basis of their fair values at the date of amalgamation. Need for Amalgamation: Amalgamation helps in the elimination of competition amongst other groups of industries. ● Amalgamation can also assist in the recreation of monopoly in the industry. ● It also takes place as a measure of tax planning. ● Amalgamation enhances the value of companies ● It can also be used to achieve growth gain financially. Computation of purchase consideration: For computing purchase consideration, generally two methods are used: Purchase Consideration using net asset method: Total of assets taken over and this should be at fair values minus liabilities that are taken over at the agreed amounts. ParticularsRs.Agreed value of assets taken overXXXLess: Agreed value of liabilities taken overXXXPurchase ConsiderationXXX Agreed value means the amount at which the transfer or company has agreed to sell and the transferee company has agreed to take over a particular asset or liability. Purchase consideration using payments method: Total of consideration paid to both equity and preference shareholders in various forms. Example: A. Ltd takes over B. Ltd and for that it agreed to pay Rs 5,00,000 in cash. 4,00,000 equity shares of Rs 10 each fully paid up at an agreed value of Rs 15 per share. The Purchase consideration will be calculated as follows: ParticularsRs.Cash5,00,0004,00,000 equity shares of Rs10 fully paid up at Rs15 per share60,00,000Purchase Consideration65,00,000 The procedure of Amalgamation: The terms of amalgamation are settled up by the board of directors of the constituent companies. A scheme of amalgamation is prepared and submitted for approval to the respective High Court. Approval of the shareholders of the constituent companies is obtained Approval of SEBI is obtained. A new company is formed and issues shares to the shareholders of the transferor company. Advantages of Amalgamation: ● Competition between and among the companies in the industry will be eliminated. ● Monopoly in the market can be attained. ● Research and development facilities are increased. ● Benefits of large-scale production can be secured. ● Bulk purchase of materials at narrow cost is possible. ● Operating cost can be reduced by avoiding duplication. Disadvantages of Amalgamation: ● Amalgamation eliminates the cut-throat competition in the industry. ● Unemployment may occur. ● People may not work in harmony, thereby resulting in the signs of discontentment. ● A business combination may result in over-capitalization. ● There’s no mandatory that every amalgamation gets to succeed. One has to be ever ready for facing trial and tribulations. Who is involved in Amalgamations? Any amalgamation typically looks for investment bankers, accountants, lawyers, executives of the respective companies. The bankers perform their job by finance modelling, valuation etcetera to evaluate the potential transaction whereas the lawyers take care of the corporate clients to determine which of the mentioned legal structures is optimal.

The Big 4 consulting & accounting firms are hiring huge number of accounting graduates for their Indian as well as off shore functions in varied fields. But getting into Big 4 accounting firms is not an easy task. Now let’s discuss about these firms as well as how one can get in there. Commerce graduates should look at building following skill sets to explore growth in their career path: · Need practical understanding of accounting concepts and its application · Working knowledge in dealing with direct and indirect matters · Need to know how to use accounting software tools such as Tally, QuickBooks, SAP, Oracle, etc. · Understanding of the legal framework in which businesses operate · Improved communication and soft skills Commerce graduates after upgrading abovementioned skill sets can assure themselves to secure a competitive role within an accounting team. They can also pursue roles in other departments as their accounting background will help them grow in the organization. What Does a Commerce Graduate need? If you agree to the above, you will also agree that graduates need some polishing to find a job of their choice. · They need practical insights of working in an organization and understand the need of employers in the industry. · They need to know about the types of business processes involved in an organization and · They need to build confidence within themselves to take up challenging roles within an organization, these roles could be accounting or non-accounting. · They should be aware of job options available to him based on his/her interest. To know how to get into Big 4s after your commerce degree, then read here: https://www.edupristine.com/blog/how-to-get-into-big-4

Due to increased use of mobile phones, smartphones and tablets among users, mobile devices have given an ever-increasing opportunity to reach out to our potential customers and prospects. Mobile Marketing can reach customers through mobile primarily through the following media. Text – text messages/ SMS Display – Static or animated images banners Rich media – Combination of text and images to provide interactive experiences. Audio & Video – Combination of Audio & Video clips to promote goods and services. Incentivized media – A video or rich media advertising which incentivizes consumer and offers free credits, offers, coupons for watching ad, video. With mobiles, advertisers have opportunity to send ads based on user’s location, proximity, device, telecom connection, digital behavior & physical behavior. This info makes mobile advertising a very powerful media and helps advertises to tailor their ad relevant to the customers. In mobile advertising, the following aspects should be considered starting any campaign Setting the objectives Setting your goals & objectives is important. You should set goals that are Specific, Measurable, Achievable, Relevant, and Time Bound (SMART goals). Allocate a budget Set a right budget for your advertising plan. Your media plan may vary depending on your budget. Decide on media mix plan Media is a place where your mobile ads shall be placed. Make sure you select the right plan. Design creative Based on the media plan, creatives are chosen. It may be rich media, text messages, A/V , interstitial etc. One has to be concise & brief with the creative. Set up tracking Detailed plan to track & analyze media & ad performance Optimization plan Optimization is key. One has to choose wisely which media is working which is not. Optimize not only media but also creatives so as to achieve objectives. Allocate more money in ads which are performing better. Mobile advertising & Mobile marketing is a growing discipline which has evolved in last few years. From SMS to Push notifications to contextual marketing everything has gained importance. Technology has evolved and so have the customers. So every marketer thinking of mobile should be open to innovate, experiment, learn and adopt to stay ahead of the competition. To know how to create a great mobile experience: read here: https://www.edupristine.com/blog/mobile-marketing

Risk exists for any kind of a project, irrespective of its size, complexity and other aspects. A project’s success depends heavily on its Project Manager’s ability to manage the risk. So, it is important that as a PM, you are asking all the right questions when it comes to handling risk. Let us run through this handy checklist to gauge your risk management in project management. 1) Have you created a risk matrix? A risk matrix is a core artefact to be prepared by the PM, right at the start of the project. Creating such a document compels the PM and everyone else to look at the project from different perspectives, identify the loose ends or live wires and ensures that these details are recorded and registered for everyone to be aware. 2) Have you prioritized the risks? Once you get your list of risks ready, prioritize them as H/M/L or color code them if that’s your style, but make sure that not all risks do not get the same treatment. For e.g. if I’m planning a birthday party, a few guests not turning up and the food getting wasted is a risk, but it’s a low one, because the party will not be cancelled due to this. However, if the caterer himself does not turn up, well, then, it’s a high risk! The reason we need to prioritize risks is, let’s admit it, managing risks is an overhead which does not contribute directly to the project output. So, it’s important we invest our time on the ones that need the most attention. 3) Have you assigned owners for the risk items? Collective accountability is a must when it comes to mitigating risks. The PM is not a super hero who can single-handedly control all the risks. So, it is important to assign different owners for the risk items and make people aware of their ownership. For e.g. while working on version 1.0 of a project, you want to make the design and the schema scalable, because there is a scheduled 2.0 that is bound to follow-up shortly. A Technical Architect would most likely happen to own this risk item. 4) How are you planning to track the risk items? You’ve created the risk matrix, prioritized and assigned owners to the risk items. Great! Two months later, how would you assess the likelihood of occurrence of that event? Would that be a subjective decision? Maybe, all the stakeholders get together once a month to review the risk items? What happens if the stakeholders cannot arrive at a consensus? One of the biggest challenges in the area of risk management is tracking the risks. The Project Manager and the other risk owners should watch out for early warning signs that are potential indicators. Also, wherever possible, it is important to define the risk item in a measurable way so it’s easy to track it. (E.g. if the fuel goes down to 15%, abort the flight and land). For e.g. Integration testing is a risk item for your project since you have to test with an external system. You can define it as – if the external system is not ready for testing by August, then the risk is high and it is time to resort to contingency plan. These criteria can be drafted as early as the beginning of the project. 5) How often do you revisit the risk matrix? As the project progresses, the landscape can vary to the extent that some risks may just drop off or their priorities may change or new risk items may crop up. All this goes to say that your risk matrix has to remain updated and need to be relooked at a regular interval (preferably, weekly or bi-weekly) Sometimes, it’s possible a certain risk event has now occurred, which necessitates you to take action points. For e.g. if a certain key developer has left the firm, this means resource changes and the training associated with getting the new person up to speed. 6) Have you got your contingency plans ready? It is surprising to see projects where risks are meticulously identified and tracked, but people do not know what to do when the event actually occurs. When the action you need to take is not clear, people start pressing the panic button and run like headless chicken. A successful Project Manager is often someone who can keep his calm at the worst of situations and that usually happens with a) experience and b) clarity in thinking and planning. Even for the worst of the risks, have a contingency plan ready. For e.g. one of your requirements has undergone a significant change due to the dynamic markets. It could just be that you need to buy more time to implement or you may choose to leave this out for the next phase. 7) Have you communicated the risks to your stakeholders? Pick any aspect of Project Management and you would invariably add – ‘please communicate’. So, risk is no exception. One of the positive things about communicating risks is that people are aware of the things that can go wrong and when you present your contingency plans, they know that you’re ready to tackle when things go wrong. So, the risks become calculated risks, which are the ones that projects need to take. It also means the accountability is spread across the team and people are aware of the things to consider before taking a decision. For e.g. during a project kick-off, a major risk identified about having insufficient budget to procure the right kind of hardware could make the customer rethink about going ahead with the project. Maybe, he would defer it till the budget is made available. Although, it may appear to be a failure, it would work out in the long-term, because the project may not yield the expected results with out of date hardware. This handy checklist should help you deal with the project risks. A final parting thought – a Project Manager should never consider risks as a personal success or a failure. Some of the risks can even be ‘good risks’. If you are able to look at the risk matrix impartially, it is more likely that you’ll be able to manage it better. To read more on how to think from a Project Manager’s perspective, click here: https://www.edupristine.com/blog/risk-management-from-project-managers-perspective

From a Digital Marketing point of view, it’s a vital and necessary to know all the Google panda updates and how Google Algorithm makes the search engine so accurate for the users. There are a lot of specific mathematics and logics behind these algorithms. We need to understand these very carefully. From SEO perspective, it is required to know why Google launches new update every now and then. It’s because Google always tries to improve the user experience. This is the ulterior objective. They work on providing a better result to the user to get the ultimate search satisfaction. Google has modified its search algorithm a lot of times. These modification gives the business owners a challenge and a chance to rank higher in the search engines. Getting better rank has become a difficult task, but not an impossible one. When we talk about Google algorithms, importance of Google Panda update cannot be ignored. After releasing this update many sites were brutally affected. It became hard to recover their old rankings and traffic. It’s a technology to filter the content. Post this update Google targeted low-quality content sites and blocked them for better search experience. To get relief from this update you have to focus on Content quality that should be fresh and unique. Google Panda is a variation to Google’s search results ranking algorithm which was first released in February 2011. Google Panda update was made to lower the rank of " low-quality sites", and thus “higher-quality sites” comes near the top of the search results. There were 28 Panda updates launched by Google and Panda 4.2 was the last one which came on July 18, 2015.

It is but natural to proceed another step forward after completing on step, which is why now we will understand the classification of ratios analysis and discuss Liquidity ratio. Accounting ratio indicates the financial position of a firm, and the classification of the ratio also depends on the [party using it. The three broad classifications are based on Balance Sheet, basis of Profit and Loss Account, and basis of Mixed Statement. These classifications are then grouped into three types of ratio—Liquidity, Profitability, Turnover, and Solvency. To help you better, here is a chart: It is important for us to know a little about all these ratio types. The Liquidity ratio is about the quick conversion of assets into money to meet the short-term goals. Though instrumental, it does not bring to light the effective management of cash resource and is also known as Short-term Solvency Ratio. Then, there types of Liquidity Ratios, the ones we will discuss in brief are the common ones. The first one is the Current Ratio. This establishes the relationship between current assets and liabilities, the two pivotal components of this ratio. The assets that can be converted into cash within the span of a year are current assets, the liabilities that can be paid off within a year. And like many other things, it has two sides to itself—advantages and disadvantages. Some of these advantages are that it measures the liquidity of the firm, represents the working capital and short-term solvency of a firm. While the disadvantages of Current Ratio are that the accuracy can not be proofed because of the different businesses, variant factors, and over-valuation of stocks. The simple calculation for Current Ratio is: Current Ratio = Current Assets / Current Liabilities The next is line to be known is the Quick Ratio. Due to its stringent and meticulous test of the capability of a firm in paying its short-term obligations on the due date, it is also known as Acid Test Ratio. This can help taking care of the quick assets and current liabilities. The ideal Quick Ratio is 1: 1. Some of its advantages are like it tells the liquidity position of a firm, removes the errors of current ratio, and is the supplementary to the current ratio. Quick Ratio = Liquid Asset (Current Assets – Stock & Prepaid Expenses) / Current Liabilities The third type of Current Ratio that we would here learn about is the Absolute Liquid Ratio. This ratio establishes the relationship between the absolute liquid assets and current liabilities. Also, it considers the cash in hand and at bank, and the marketable securities or temporary investments. The most favourable and optimum value for this ratio should be 1: 2. It indicates the adequacy of 50% worth absolute liquid assets to pay the 100% worth current liabilities in time. Absolute Liquid Ratio = Absolute Liquid Ratio / Current Liabilities This was just a little detail on all the three Current Ratios and at large, a bit on the Liquidity Ratio. To find more, you need to read the proper blog on our website. After all, it is good learn through the short route, but it is always nicer to learn through the proper detailed text.

Since you have cleared your class 12 examinations, have you given any musings on what you need to do straightaway? If you are considering picking a vocation in Commerce, then we would state it's an incredible decision. In India, Commerce has developed massively and is known for giving a wide extent of profession alternatives to seek after class 12. It additionally gets more extensive with understudies understanding the significance of Commerce and the specialization courses related with it. These courses not just give you a chance to develop and make a celebrated vocation yet in addition enable you to end up the first class in your expert profession. Be that as it may, the inquiry which inconveniences you is 'Which profession alternative to pick?'. It's anything but an impulse that you need finished your Higher Secondary from Commerce as it were. A Science or an Arts' understudy can likewise seek after these courses after 12th. As it is properly said "It's not what you accomplish, it's what you overcome. That is the thing that characterizes your profession". All you require is devotion, persevering soul and fearlessness to confront every one of the obstacles coming your direction. Presently let me toss some light on the absolute most esteemed and industry regarded profession alternatives you can choose after class 12. ACCA (Association of Chartered Certified Accountants) ACCA is the world's driving and quickest developing worldwide bookkeeping association with 162,000 individuals and 428,000 understudies crosswise over 173 nations. The ACCA capability helps in creating fruitful professions in the fields of bookkeeping, keeping money, administration and counselling. The real favourable position of seeking after this course is viewing for senior parts. CMA (Certified Management Accountant) Confirmed Management Accountants (CMA) are key money related administration experts with bookkeeping abilities and initiative skills in global intensity, advertise improvement, HR administration, and data innovations. This worldwide accreditation settles on you the favoured decision of the potential managers. It is offered by the Institute of Management Accountants (IMA) USA and the substance is routinely surveyed by the Institute of Certified Management Accountants (ICMA). It has been offered since 1972 and has affirmed more than 40,000 experts. CPA (Certified Public Accountant) A Certified Public Accountant (CPA) is the most elevated standard of capability in the field of Accountancy over the globe. The exam is regulated by the American Institute of Certified Public Accountants (AICPA), which is the world's biggest bookkeeping body. A CPA capability is like the Indian CA capability. Notwithstanding the CA capability, a CPA will know about US Generally Accepted Accounting Principles (GAAP), IFRS (International Financial Reporting Standards), Generally Accepted Accounting Standards (GAAS), US government tax collection and business laws. This gives an incredible favourable position to a CPA when working with US Based Financial firms or Indian firms working for US customers. Business Accounting and Taxation Course (BAT) There are chances that you might not have found out about this accreditation previously but rather on the off chance that you are searching for bookkeeping confirmation then this one is a decent profession alternative. On the off chance that you are going for you will have hands on aptitude in the field of Accounting, Taxation, Reporting and Compliance incorporated with top of the line bookkeeping programming projects and applications like Tally ERP 9, SAP, Advanced Excel, QuickBooks. CA (Chartered Accountant) Graphed bookkeepers represent considerable authority in the fields of bookkeeping, including open administration and government bookkeeping. Occupation obligations of a Chartered Accountant contrast incredibly inside particular positions. Numerous obligations are shared between CAs that incorporate planning monetary reports and archives, keeping up speculations records, assessing potential money related hazard and in addition giving proficient suppositions with respect to the financial choices of the firm. CS (Company Secretary) Organization Secretary is an expert course which is controlled by The Institute of Company Secretaries of India (ICSI). Organization Secretary Course furnishes you with the information and comprehension of the cutting edge corporate monetary and legitimate undertaking hones. To get a Company Secretary confirmation, the hopeful needs to pass the Foundation Program, Executive Program, and Professional Program. You can show up for the Foundation Program for Company Secretary, on the off chance that you have passed 10+2 in any stream.

Project Management is a field where extensive communication and collaboration with the team comes in handy to deliver projects as good as masterpieces. To outshine as a successful Project Manager, use the Basecamp—a cloud-based online project management tool. You can set up a project in Basecamp and track tasks. Since communication is an important part, one can level-up by adding people to the project for communication and manage the message board. File storage, as part of data maintenance forms another vital part of the aides provided by Basecamp. While these are all that Basecamp enables the users at, we would now learn about the features or advantages of the Basecamp tool. Basecamp comes in very handy, as project creation becomes a cakewalk using this tool. It helps you create a notepad sheet is created when you create a project. Since project management is about team management as well, one can add team members and their details, while keeping them informed about every progress. This also keeps the process and status transparent. It is easy to be a manager when you have time to look at other details and using the feature of Basecamp, you can add administrators for the projects; keep it on rotation to keep it fair. Keeping and then maintaining a To-do List is also very necessary and for this Basecamp allows you to even send progress enquiry mails to the team members, allocate due dates, and assign tasks. Discussions keep is handy so using the Basecamp you can hold fruitful discussions and brainstorming session which will show up on the home page. The project information or follow-up mails also become an easy task. There must be times when project managers wish to create project relate documents that can be simultaneously be worked on by multiple users, and for this, Basecamp is the go-to name. Not only can the user create documents, but having issued rights, these very documents can become easy trackers. And cherry on cake, you can use these sheets on your mobile device with equal ease. Then the next worry is maintaining a calendar. A true cumbersome task it is! But not if you use Basecamp. Not only does it remind of timelines and deadlines that you feed it keeps all event-related information unforgettable too. Since you have been able to take care of deadlines and events using the Basecamp, time for us to tell you that each milestone you touch or aspire for (through the To-do list) is also made easy by the online tool. To achieve these milestones, Basecamp keeps you informed about the tasks they are working on, the dates and timelines they have, and the open and closed tasks; all of this, using a viewer-friendly calendar view mode. There are a few more advantage, like the Everyone tab to check status and role of people involved in a project, and Everything tab gives a summary of the project work. It is Apple-friendly, and Basecamp comes with 3rd party integrations enabled and a strong security system that includes firewalls, daily backups for major systems, data encryption, and surveillance. But is it all hunky-dory about Basecamp and no flawa? We will not be dishonest and admit there are a few. These flaws are like no creation of Gantt charts and task interdependencies, not many accounting related features, and an ever-preventing security issue with storing data on the cloud. These are a few, hence the Basecamp is a huge hit and a must-go-to. There are, however, a few pricing details that you need to look at and pay for the active programs.