Black Scholes, also known as the Black Scholes Merton Model, is believed to be the base of all financial theories and is practically very useful in determining the value of all European call options. It has a practical importance in finding the asset values of all the heavily traded assets. It serves the base model of financial theories that strongly believes that all such heavily in demand assets follow a geometric Brownian motion...more
Supervising your money and personal finances is easy with just a basic understanding of the world of finance. Getting a grip on your emotions in stressful happenings with this guide to personal finances, budgeting money, managing personal finances, using personal budget software or seeking finance help online is a good place to start. Our financial guide offers great value in aiding you in all areas of money.Here are something to consider in...more
For quite some time now, economic downtrend is affecting the financial stability of people and business enterprises. When debt cannot be managed, you get stressed. You are bullied by- bills and credit cards. What if the letter you receive in not an ordinary plain collection letter but a more stern warning of home foreclosure, repossession and wage garnishment? There is one viable solution to this problem - it is Chapter 7 of Bankruptcy. This so-called Chapter 7 is a law that may stop foreclosure and repossession of your residential building. But before you proceed with this process, you have to know your options. How do you avail or even qualify for the chapter 7 bankruptcy law? Before proceeding with the Chapter 7 process, you have to know if you qualify. The first gauge of qualification is the means test. This computes your income, to qualify, your income must be below the state's average median income for household size similar to yours. Then after knowing you qualified under this test, you will go to the next process - taking two counseling classes. The first class should be undertaken before filing of Chapter 7 and the other class should be completed after the filing.OK - you...more
The recent visit by Pope Benedict XVI to the UK was highly anticipated and received a lot of media attention. The last time a Pope visited was in 1982 and now, twenty eight years later, the visit to the UK was quite successful.Although the Pope did experience protest over the allegations of child abuse, his rejection of birth control, his views on...more
To most of the people, with a fixed and regular income source, monetary crisis is always the precursor to serous trouble. If you do not take proper steps, then it might result in a more serious crisis. So it is best to nip the bud in its infancy. But to tackle any crisis, you must have funds readily available. Even if you are not...more
Adoption of International Financial Reporting Standards(IFRS) by US Companies will change the role of finance professionals. On November 14, 2008, the SEC released its proposed roadmap for the adoption of IFRS in the US thus affirming SEC focus on moving towards global accounting standards. In the Roadmap, the SEC did not set a definitive adoption date, but rather set forth several milestones that, if achieved, could lead to the required use of IFRS by US issuers beginning in 2014. Early adoption is permitted for the qualified companies for the period ending as early as December 15, 2009.Following are the major highlights of the roadmap-SEC Roadmap * 2009- Early adoption permitted for qualified companies for periods ending December 15 , 2009 * 2011-SEC will evaluate the success of early adopters and progress against the pre-defined mile stones. * 2014- IFRS filing for large accelerated filers for Fiscal years ending on or after December 15, 2014. * 2015- IFRS filing for accelerated filers for Fiscal years ending on or after December 15, 2015 * 2016- IFRS filing for non- accelerated filers for Fiscal years ending on or after December 15, 2016.Regardless of the date US...more
Green financial imperative With the popularity of social responsibility, cultural awareness and enhance as well as environmental protection and sustainable economic development of the system and gradually improve the system of rules and clear, all...more
I am going to be honest right at the beginning of this article. I want to try and put you off financial spread betting. That is correct, I want you to forget about it. I bet you haven't heard that before.Why am I wasting my time writing trying to...more
Financial spread trading, also called spread betting provides investors a tax free instrument to speculate upon financial market movements whether they are rising or falling. It also permits for the trading of commodities, indices, currencies,...more
If you are a father and you have been active in the military duty service for quite some years and you have a son who wishes to follow your footsteps, then he can benefit from scholarships for military dependents. Nowadays, a wide range...more
You were really depressed to see your friend who was unable to continue his studies. Your friend didnt have appropriate College Financial aid which could have allowed him to meet mandatory expenses. Dont allow lack of finance to take away your...more
Never forget that helping others is a blessing both to the giver and the recipient. An integral part of anyone's march to solvency and balance in their life should be helping others. Can you really benefit your community by only working...more