Data & Finance for Work & Life
When you clicked on this article, you triggered a query to see the page. If you had a good connection, it loaded almost immediately. It was fast, but was it real time? Most people would answer yes, but given the definition of real time, the answer is no. Regardless of how fast the article loaded, […]
What is real time (real-time)? Definition, Computing & Data Read More »
Information is everywhere, and determining its reliability is a crucial skill. While some sources of information are qualitative in nature, the vast majority today are rooted in data. And where data is involved, the source of information a digital place of storage. This place of storage is called a data source. This article outlines what
Data Source: Definition, Types, & Common Examples Read More »
“Price range” sounds intuitive, and most of us have an idea what it means in our daily lives. But outside restaurants, hotels, and used cars, the term comes up in business, where it takes on a more nuanced meaning. In short, a price range is the spread of numbers between the lowest and the highest
What is a price range? Business Meaning, Synonyms & Examples Read More »
You may have heard that “data is the new oil” — the most valuable commodity of the 21st century. But just like oil is useless until refined, data is useless until simplified and communicated. Data displays are a tool to help analysts do just that. Because they’re so important to data, data displays can be
What is a data display? Definition, Types, & Examples Read More »
So you’re an accountant and you want to become a financial analyst? First thing’s first: know you have a huge advantage with a background in debits & credits. Many financial analysts don’t bother to understand double-entry accounting at all. On the other hand, you may find it difficult to conceptualize forward-looking, predictive analytics that financial
11 Steps to Transition from Accountant to Financial Analyst Read More »
Underwriters and auditors are separate and distinct jobs. While in some cases they may work on the same projects, they work under different scopes. Underwriters deal with risk and uncertainty, while auditors work with financial standards. An underwriter determines the value of risk involved in loans or insurance coverage, whereas an auditor ensures that a
Underwriter vs Auditor: What’s the difference? Read More »
In a capitalist world based on debt, the roles of the lender and underwriter are crucial. Most people first hear of lenders and underwriters when they go to take out a loan for a house, but this is only a small fraction of their activity. Anywhere there is debt or marketable securities, as well as
Underwriter vs Lender: What’s the difference? Read More »
If you’ve ever tried to execute a complex analysis, you know the feeling of getting stuck. It’s a normal part of any analysis to need time to reflect, but what if you find yourself struggling longer than usual? In these cases, you may feel stumped. I’ve spoken with several analysts about this feeling, and there
Stuck in Your Data Analysis? Here’s Why, & How You Can Fix It Read More »
(Updated) Not all data is good quality, and a common driver of poor quality is a lack of data completeness. Completeness is one of 10 standards for data quality: Accessibility, Accuracy, Comparability, Consistency, Credibility, Relevance, Timeliness, Uniqueness, Reasonableness, and Completeness In a sentence, data completeness is the percent of all required data currently available in
Data Completeness: Definition, Testing, & Quality Assurance Read More »
Financial analytics is a subcategory of financial analysis that takes place within a company rather than on Wall Street as an investor. More specifically, financial analytics seeks to understand 3 elements within a company: 1. its operations, 2. how those operations impact financial statements (FS), and 3. the company’s performance financial performance based on those
Financial Analytics: what is it & why is it important? Read More »
