The Military Families Learning Network's personal finance team presented a webinar on Financial Ratios & SWOT Analysis, two important components of creating a manageable spending plan.
This deck consists of total of seventy slides. It has PPT slides highlighting important topics of Investment Portfolio Management Power Point Presentation Slides . This deck comprises of amazing visuals with thoroughly researched content. Each template is well crafted and designed by our PowerPoint experts. Our designers have included all the necessary PowerPoint layouts in this deck. From icons to graphs, this PPT deck has it all. The best part is that these templates are easily customizable. Just click the DOWNLOAD button shown below. Edit the colour, text, font size, add or delete the content as per the requirement. Download this deck now and engage your audience with this ready made presentation.
This deck consists of total of seventy slides. It has PPT slides highlighting important topics of Investment Portfolio Management Power Point Presentation Slides . This deck comprises of amazing visuals with thoroughly researched content. Each template is well crafted and designed by our PowerPoint experts. Our designers have included all the necessary PowerPoint layouts in this deck. From icons to graphs, this PPT deck has it all. The best part is that these templates are easily customizable. Just click the DOWNLOAD button shown below. Edit the colour, text, font size, add or delete the content as per the requirement. Download this deck now and engage your audience with this ready made presentation.
Investment Decision — Capital Budgeting Techniques — Pay Back Method — Accounting Rate Of Return — NPV — IRR — Discounted Pay Back Method — Capital Rationing — Risk Adjusted Techniques Of Capital Budgeting. — Capital Budgeting Practices
What is the 'Time Value of Money - TVM'
The time value of money (TVM) is the idea that money available at the present time is worth more than the same amount in the future due to its potential earning capacity. This core principle of finance holds that, provided money can earn interest, any amount of money is worth more the sooner it is received. TVM is also referred to as present discounted value.
BREAKING DOWN 'Time Value of Money - TVM'
Money deposited in a savings account earns a certain interest rate. Rational investors prefer to receive money today rather than the same amount of money in the future because of money's potential to grow in value over a given period of time. Money earning an interest rate is said to be compounding in value.
BREAKING DOWN 'Compound Interest'
Compound Interest Formula
Compound interest is calculated by multiplying the principal amount by one plus the annual interest rate raised to the number of compound periods minus one.The total initial amount of the loan is then subtracted from the resulting value.
Financial Planning is a long term process through which you can achieve your financial goals. We at Financial Hospital bring to you a presentation to help you understand the basics of having a healthy and planned financial future.
time value of money
,
concept of time value of money
,
significance of time value of money
,
present value vs future value
,
solve for the present value
,
simple vs compound interest rate
,
nominal vs effective annual interest rates
,
future value of a lump sum
,
solve for the future value
,
present value of a lump sum
,
types of annuity
,
future value of an annuity
Investment Decision — Capital Budgeting Techniques — Pay Back Method — Accounting Rate Of Return — NPV — IRR — Discounted Pay Back Method — Capital Rationing — Risk Adjusted Techniques Of Capital Budgeting. — Capital Budgeting Practices
What is the 'Time Value of Money - TVM'
The time value of money (TVM) is the idea that money available at the present time is worth more than the same amount in the future due to its potential earning capacity. This core principle of finance holds that, provided money can earn interest, any amount of money is worth more the sooner it is received. TVM is also referred to as present discounted value.
BREAKING DOWN 'Time Value of Money - TVM'
Money deposited in a savings account earns a certain interest rate. Rational investors prefer to receive money today rather than the same amount of money in the future because of money's potential to grow in value over a given period of time. Money earning an interest rate is said to be compounding in value.
BREAKING DOWN 'Compound Interest'
Compound Interest Formula
Compound interest is calculated by multiplying the principal amount by one plus the annual interest rate raised to the number of compound periods minus one.The total initial amount of the loan is then subtracted from the resulting value.
Financial Planning is a long term process through which you can achieve your financial goals. We at Financial Hospital bring to you a presentation to help you understand the basics of having a healthy and planned financial future.
time value of money
,
concept of time value of money
,
significance of time value of money
,
present value vs future value
,
solve for the present value
,
simple vs compound interest rate
,
nominal vs effective annual interest rates
,
future value of a lump sum
,
solve for the future value
,
present value of a lump sum
,
types of annuity
,
future value of an annuity
This webinar will discuss one of the most important savings goals of American families: saving money for a comfortable retirement. Specific topics to be covered include research findings about the retirement preparedness of American families, conflicting opinions about “the number” (i.e., amount of money needed to comfortably retire), factors that influence the number, and retirement savings calculation tools such as the Ballpark Estimate and Monte Carlo simulations. Case studies and chat questions will be included to apply the webinar content to real world situations.
In gearing up for America and Military Saves Weeks, Dr. Barbara O'Neill will present this 90-minute webinar on the tools and resources available for calculating the amount individuals and couples need to save for retirement, on behalf of the Military Families Learning Network.
What are pension assets?
What are pension liabilities?
Pension deficits/Underfunding
Accounting Rules – Pensions
Defined Benefit vs- Defined Contribution
Retirement Options / Canada
Public Sector Pensions
Private Sector Pensions
Raising Dough: Financing Your Farm or Food-Based BusinessElizabeth Ü
In order to start or grow a farm of food-based business, you need money. Farmers have more financing options than ever before to raise capital for their farm-based businesses, but choosing which fundraising methods to pursue requires knowing how they work. In this track, learn the criteria, sweet spots, pros and cons, tips and techniques of the many financing options available. Complete with interactive exercises, success stories, and cautionary tales, discover what it takes to access the right kinds of capital for your farm. You’ll leave with steps you can take right away, whether you are currently seeking financing or don’t expect to for years to come.
Presenters:
Rebecca Thistlewaite, Sustain Consulting
Elizabeth Ü, Finance for Food
Bill Kitsch, Mid-Atlantic Farm Credit
Topics Covered:
--Clarifying Your Values & Prioritizing Business Investments
--Organizing Financial Records & Improving Your Credit Rating
--Cash Flow, Budgeting & Enterprise Analysis
--Overview of Financing Types & Laws to Keep in Mind
--Loans; Land Financing Options; Grants; Community Supported Models; Crowdfunding
--Social Capital: Why It’s Important & How to Build It
--Equity Financing
Presented at PASA's 23rd Annual Farming for the Future Conference: Letting Nature Lead. State College, PA. February 8, 2014
Dr. Barbara O'Neill will present the topic: How Are You Doing: A Financial Check Up on December 4 at 11 a.m. ET on behalf of the Military Families Learning Network. Learn more: https://learn.extension.org/events/1316
Stanford CS 007-08 (2021): Personal Finance for Engineers / Financial Plannin...Adam Nash
These are the slides from the 8th session of the Stanford University class, CS 007 "Personal Finance for Engineers" offered on November 16, 2021. This seminar covers financial planning, financial goals, couples & life insurance.
Stanford CS 007-08 (2020): Personal Finance for Engineers / Financial Plannin...Adam Nash
These are the slides from the 8th session of the Stanford University class, CS 007 "Personal Finance for Engineers" offered on November 3, 2020. This seminar covers financial planning, financial goals, couples & life insurance.
Stanford CS 007-08 (2019): Personal Finance for Engineers / Financial Plannin...Adam Nash
These are the slides from the 8th session of the Stanford University class, CS 007 "Personal Finance for Engineers" offered in November 2019. This seminar covers financial planning, financial goals, couples & life insurance.
Stanford CS 007-08 (2018): Personal Finance for Engineers / Financial Plannin...Adam Nash
These are the slides from the 8th session of the Stanford University class, CS 007 "Personal Finance for Engineers" offered on November 13, 2018. This seminar covers financial planning, financial goals, couples & life insurance.
Stanford CS 007-08: Personal Finance for Engineers / Financial Planning & GoalsAdam Nash
These are the slides from the 8th session of the Stanford University class, CS 007 "Personal Finance for Engineers" This seminar covers financial planning, financial goals, couples & life insurance.
These two presentations were provided to Abacus Wealth Partners in October 2015 as part of an employee education product training presentation. Please feel free to contact Paul Curley at pcurley@sionline.com or paul.curley.1@gmail.com for a presentation, slides, data, commentary or insight as well.
Twitter: @PaulCurleyBC
Stewart Kaplan of the Thrift Savings Plan Training Office will provide an update on the current status of the Non-Disclosure Agreement (NDA) and the updated rules and regulations of the Thrift Savings Plan (TSP). The 90-minute session will provide an overview of using myPay, contributions, using the website calculator, tax-deferred versus Roth IRAs pros and cons, the value of the L Funds, and death benefits. Register and join webinar: https://learn.extension.org/events/2361/
Essay On Cash
Budget Analysis Essay
Essay on My Personal Financial Plan
Kids For Cash Film Analysis
Cash For Grades
Essay On Cash Equivalents
Essay on Cash Flow Statement
Essay Good Money Management
Cash Budgeting
Cash Management Essay
The Future of Our Money Essay examples
Warrior Wellness: Mental Health and Women in the U.S. Militarymilfamln
Women play a pivotal role in military operations, and their experiences and responses may differ from their male counterparts. This webinar looks at how mental health manifests differently for women, in particular women in the military.
Women in the Military: Special Contributions and Unique Challengesmilfamln
Women have made and continue to make special contributions to the military, however they also face unique challenges as service members. This webinar discusses those contributions as well as some of the challenges they face.
Focusing on Co-parenting: Strengthening Diverse Military Family Systemsmilfamln
Join us to explore how the Military Family Readiness System can strengthen diverse families with a focus on co-parenting knowledge and skills. Best practices and research based strategies will be described and applied to military family systems and transitions.
Family Systems Trends and Transitions: What They Mean For Military Familiesmilfamln
Families are changing in response to large global trends. Military families are experiencing the same transitions which may be compounded by military service. Demographic changes will be discussed and the implications on family systems. In this webinar, participants share views of these changes, both personally and professionally.
Promoting Successful Home-to-School Transitions for Military Families with Yo...milfamln
This webinar will focus on promoting positive transitions from home to school and from school to school (e.g., during a move) for young children and their families. The presenters will identify important transitions that occur during early childhood including moving from home to school or school to school and discuss what research indicates regarding how these transitions play a role in children’s socioemotional and cognitive development. The challenges that exist within these transitions will be identified.
Presenters will describe and promote participant discussion of a range of research-based strategies for military families and caregivers/teachers to promote effective home-to-school/school-to-school transitions, strategies that promote positive socioemotional or cognitive development prior to, during, and after a transition. These will include how to connect with schools/teachers from a distance, moving, creating routines within transitions. The presentation will include a question and answer session immediately following.
Home Is Where Your Heart Is | Kids Serve Too!milfamln
Representative(s) from the Sesame Street Workshop will address potential child concerns and developmentally appropriate responses to relocation transitions, explore resources that caregivers can use when addressing these concerns, and provide tips in navigating the resources related to this topic on the Sesame Street for Military Families website.
This event is hosted by the Family Transitions concentration area of the Military Families Learning Network.
PCS Series: Research and Tools for Supporting Military Transitionsmilfamln
An overview of common issues military families face during a Permanent Change of Station (PCS). The first half of this webinar will look at the 2018 RAND Report, “Enhancing Family Stability During a Permanent Change of Station.” The second half of the webinar will focus on the tools available to military service providers through Military OneSource, such as Plan my Move, and other Military OneSource moving resources that can support families throughout a PCS.
This is the 3rd webinar in a 3-part Permanent Change of Station series focused on the issues military families face during a PCS.
SlideShare - Sesame Street Overview on Military Resources milfamln
In this 60-minute webinar, representative(s) from the Sesame Street Workshop will introduce the Sesame Street for Military Families website as well as explore resources that can be utilized in training, outreach efforts, family conversations, and community events. They will also discuss activities that promote child and family self-expression.
Up and Away: Building Child Language, Social Interactions, and Preliteracy S...milfamln
This webinar will focus on strategies to help children use more complex sentences and vocabulary with their caregivers and peers. Children learn through daily routines and play, but as they grow and explore early education settings, their social worlds expand. Opportunities abound for children to learn as they take turns peeking at the classroom guinea pig, pretend to be police officers on a chase, and read books with a favorite caregiver. We will cover strategies to support growth in language, social communication, and early literacy skills by engaging children in meaningful, everyday activities in early care settings.
Objectives:
1. Name three strategies to help support a child’s growing ability to combine words
2. Describe the importance of social interactions during the preschool years and how to support turn-taking and other early social skills
3. Learn three early literacy strategies to use in supporting young children’s readiness for school
Overindulgence In Parenting: How Much Is Too Much?milfamln
Overindulgence is an issue many people face in our society as the research and subsequent literature has shown us. While society tells us we need more on a regular basis, parents and children alike are struggling to understand how much is enough and adults who were given too much as children often feel the effects.
What is overindulgence?
Three ways parents overindulge
Tools to reduce overindulgence (The Test of Four)
Online course offerings
Employment Resources for Military Familiesmilfamln
Webinar attendees working with military service members will leave the webinar knowing where to find resources, partnering organizations, and support when working with military spouses seeking educational or career opportunities.
Opportunities & Possibilities: Posttraumatic Growth in Research & Practice milfamln
In this presentation, Richard Tedeschi, Ph.D. will discuss the theoretical model and research basis of posttraumatic growth, the process by which trauma survivors often find valuable changes in how they live life in the aftermath of trauma. He will outline a framework for therapeutic interventions that facilitate posttraumatic growth through a way of relating called expert companionship. This approach to practice incorporates a broad view of what constitutes trauma, including many experiences that are not typically considered traumatic in our current diagnostic system, but which are traumatic to people because they challenge core beliefs about oneself, other people, the future, and the kind of world in which we live. The attention paid to possibilities for transformation of individuals and their relationships does not preclude working on typical symptoms of trauma, but recognizes that symptoms are better understood, tolerated, and reduced when traumatic suffering can have meaning and purpose.
Coconut oil is all the rage these days to benefit your health. It has been rumored to help with heart disease, thyroid problems, slow aging, and protect against illnesses such as Alzheimer’s, arthritis, diabetes and even weight loss. But what is the truth about coconut oil? Tune into this webinar to learn fact from fiction about this popular oil.
Learning Objectives
The participant will be able to discuss the composition of coconut oil and the metabolism of its triglycerides.
The participant will be able to explain the science behind the purported benefits of coconut oil for weight loss and blood lipid levels.
The participant will be able to assist clients in understanding the inclusion of coconut oil in the context of a healthy dietary pattern.
Small Talk: Strategies to Support Child Communication Before Words Emergemilfamln
Previous webinars in this series have covered child communication development through the preschool years. In this session Drs. Mollie Romano and Juliann Woods will discuss what families, early care and education providers, and early interventionists can do to help a child learn to communicate and talk. A focus will be placed on evidence-based strategies to support communication leading to words and how caregivers can embed these strategies in everyday activities - from walking to the bus stop to pick up an older sister to Face-timing with Mom or Dad while during deployment. The presenters will present a variety of responsive intervention strategies including interactive book sharing to support child communication and emergent literacy.
Objectives:
1. Describe the importance of responding to child communication as a strategy
2. Discover at least three ways to create opportunities for children to communicate during everyday routines
3. Learn how to coach families to embed strategies during their daily routines and activities
From Communication to Conversations: Expanding Language Development in the E...milfamln
Children’s language use grows dramatically throughout the toddler and preschool years. Words and phrases expand daily and children begin to form sentences that go beyond sharing their preferences. Their speech sounds continue to develop and include both predictable, and sometimes adorable, error patterns. Pre-literacy skills also emerge during this developmental window and lay the foundation for academic success as children approach elementary school. In this webinar, the presenters will discuss decontextualized language, early developing morphemes, timelines for phonological processes, and preliteracy achievements during the preschool years as well as when to worry that a child’s speech and language doesn’t seem to be progressing as expected.
Entrepreneurial Opportunities for Military Familiesmilfamln
This 90-minute webinar will examine the resources and programs offered by the Small Business Administration that can benefit military service members and spouses transitioning from the military into business-owning ventures. Jaime Wood from the Small Business Administration will give an overview of the programs offered nationally by the SBA to support entrepreneurial efforts of veterans and military spouses, including the Boots to Business initiative, programs offered by the Office of Veteran's Business Development, the Veteran Women Igniting the Spirit of Entrepreneurship (V-Wise), and Entrepreneurial Development programs for service disabled veterans.
Watch recording and learn more: https://learn.extension.org/events/3265
Getting to Know You: Early Communication Development from Birth to Three Yearsmilfamln
Infants share their needs and interests, as well as learn from social interactions within their everyday routines and activities. Recognizing children’s early communication signals is key to supporting their future development. Children learn about language and how it is used in their environment even prior to understanding and using words themselves. Join us as we explore the importance of early communication development and the initial stages of language expansion. We will share milestones that identify typical and atypical development along with resources which provide a deeper exploration of this topic.
Objectives:
*Identify at least 12 early developing gestures that are used by young children to share and gather information
*Describe early sound development milestones and identify red flags for atypical speech sound development
*Provide strategies for explaining how vocabulary and word combinations develop to families
*Discuss similarities and differences in communication development for Dual Language Learners
Income Tax Tips for PFMs Working with Military Familiesmilfamln
This is a free webinar hosted by the Personal Finance concentration area of the Military Families Learning Network.
This 90-minute webinar will address updates to tax changes that affect military families and service members. Barbara O’Neill will discuss tax basics and common tax errors during the first half hour of this interactive webinar. In the second half Taylor Spangler of University of Florida Extension will talk about the specific tax issues of concern to military families, as well as provide military specific resources for tax help and support. Carol Kando-Pineda of the Federal Trade Commission will close the session with an update on the resources available through identitytheft.gov. Find more info: https://learn.extension.org/events/3191
The Blended Retirement System Launch: Questions & Answers milfamln
The new Blended Retirement System goes into effect on January 1, 2018. Speaker Andy Corso will discuss Blended Retirement basics, including identifying the requirements for eligibility to opt into the BRS, requirements for automatic enrollment in the BRS, the opt-in period; enrollment and training requirements, including the factors used to determine if a member is opt-in eligible or automatically enrolled in the BRS, how enrollment status impacts benefits under the BRS, which training course(s) a member must complete, hardship extensions, ROTC/Academy rules, and special treatment of Delayed Entry Program enlistees. Mr. Corso will also cover vesting and account options such as basic rules for starting and stopping TSP contributions and receipt of matching and automatic TSP contributions, the vestment process in retirement savings and retirement benefits, breaks in service, re-entry, and change of component each impact benefits; and continuation pay and lump sum options including the requirements for receiving Continuation Pay, the policies and procedures for requesting a lump sum of retired pay, how a discount rate affects the amount of a lump sum, tools to analyze lump sum options, and the advantages and disadvantages of a lump sum.
Beyond the Shape Sorter: Playful Interactions that Promote Strong Academic & ...milfamln
This webinar is hosted by the MFLN Family Development Early Intervention concentration area. For full information and the archived recording, visited https://learn.extension.org/events/2943. Questions about the MFLN? Email us at MilFamLN@gmail.com
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
1. Welcome to the
Military Families Learning Network Webinar
A few days after the presentation, we will send an evaluation and links
to an archive and resources.
We appreciate your feedback. To receive these emails, please enter
your email address in the chat box before we start the recording.
Once we start the recording, all chat will be recorded and archived.
This material is based upon work supported by the National Institute of Food and Agriculture, U.S. Department of Agriculture,
and the Office of Family Policy, Children and Youth, U.S. Department of Defense under Award No. 2010-48869-20685.
2. Welcome to the
Military Families Learning Network Webinar
www.eXtension.org/militaryfamilies
facebook.com/militaryfamilies
blogs.eXtension.org/militaryfamilies
twitter.com/MilFamLN
bit.ly/MFLNwebinars
Sign up for the Military Families Learning Network email list:
http://bit.ly/MFLNlist
This material is based upon work supported by the National Institute of Food and Agriculture, U.S. Department of Agriculture,
and the Office of Family Policy, Children and Youth, U.S. Department of Defense under Award No. 2010-48869-20685.
3. Financial
Ra)o
and
SWOT
Analysis
Dr.
Michael
S.
Gu;er,
University
of
Florida
5. CEU
Informa)on
• AFC-‐creden)aled
par)cipants
will
earn
1.5
CEUs
by
par)cipa)ng
in
this
90-‐minute
web
conference
and
following
these
instruc)ons:
1. Please
make
a
note
of
TWO
passwords
that
will
be
presented
during
the
presenta)on.
2. Send
BOTH
words
to
the
email
address
given
at
the
end
of
the
presenta)on,
along
with
your
first
and
last
name.
6. Financial
Ra)o
and
SWOT
Analysis
Dr.
Michael
S.
Gu;er,
University
of
Florida
7. Recap: Why Do You Need
Records?
• Records serve as a reference point
• Records provide evidence of progress
– Track income, expenses, assets, liabilities, and
achievement of objectives
• Records help consumers work more efficientyly
with various financial services providers
8. Review
Case
Study
Family
• Meet
Bre;
(28)
and
Bri;any
Johnson
(25).
– Live
off
base
– Son
–
Sam
(2)
– Dog
–
Fluffy
(10)
• Bre;
is
on
ac)ve
duty,
Bri;any
is
a
nurse
in
local
hospital
9. Our
Key
Statements
•
•
•
•
•
Balance
Sheet
Income
and
Expense
Statement
Budget
Statement
of
Changes
in
Net
Worth
Statement
of
Cash
Flows
16. The
Statement
of
Cash
Flows
• For
a
given
period,
the
statement
of
cash
flows:
– Shows
the
inflows,
oudlows
and
the
net
change
in
cash
between
two
balance
sheets
– Iden)fies
the
changes
in
some
of
the
accounts
from
one
balance
sheet
to
the
next
Chapter
4:
Personal
Financial
Statements
17. Statement
of
Cash
Flows
Classifica)ons
• Cash
Flows
from
Opera)ons
• Cash
Flows
from
Inves)ng
Ac)vi)es
• Cash
Flows
from
Financing
Ac)vi)es
Chapter
4:
Personal
Financial
Statements
18.
19. The
Statement
of
Changes
in
Net
Worth
• Summarizes
noncash
flow
changes
in
net
worth
not
recorded
on
either
the
income
or
the
cash
flow
statements.
Chapter
4:
Personal
Financial
Statements
20. Statement
of
Changes
in
Net
Worth
Transac)ons
• Changes
in
value
for
assets
due
to
apprecia)on
or
deprecia)on
• If
an
asset
other
than
cash
is
exchanged
for
some
other
assets
• If
assets
other
than
cash
are
received
by
gif
or
inheritance
• If
assets
other
than
cash
are
given
to
chari)es
or
noncharitable
donees
Chapter
4:
Personal
Financial
Statements
21.
22. Uses
for
Decomposi)on
Statements
• Ideally
– Balance
Sheets
are
accurate
based
on
statements
– Income
Por)on
of
IE
is
accurate
because
income
is
fixed
and
constant
• So
if
our
statements
do
not
align,
it
is
likely
that
the
error
would
be
the
expenses.
• Why
do
so
many
people
fail
to
accurately
account
for
their
expenses?
23. Using
Statements:
What-‐Ifs?
• Budget
– Deployment
– Post
deployment
• Helps
one
to
envision
needs
for
insurance
or
other
benefits
by
having
a
benchmark
budget
• Lets
explore
one
of
our
submi;ed
budgets
for
deployment
for
our
family?
24. Deployment:
So
How
Might
the
Budget
Change?
• Of
course,
there
will
be
the
increase
in
Bre;'s
pay
due
to
the
deployment.
– These
may
include
Imminent
Danger
Pay,
Hardship
Duty
Pay,
Deployed
Per
Diem
and
Career
Sea
Pay.
–
He
will
receive
FSA-‐T,
Type
II
(Separa)on
Pay)
afer
31
days
which
will
be
back
dated.
– While
in
a
war
zone,
he
will
get
his
pay
tax
free
and
receive
a
refund
for
his
Combat
SGLI
and
TSGLI.
• Perhaps
he
will
re-‐enlist
while
deployed
and
get
a
tax
free
bonus.
• Bre;
may
lose
special
pays
if
he
doesn't
receive
a
waiver.
Examples
are
Language
pays,
Diving
Duty
Pay
and
Halo
Duty
Pay.
Thank
you
Connie
25. Deployment:
So
How
Might
the
Budget
Change?
• Bri;any
may
have
to
reduce
work
hours
or
leave
her
employment.
– She
may
have
to
pay
more
for
child
care.
Quality
evening
and
weekend
child
care
can
be
very
difficult
to
secure
for
a
decent
price.
She
may
have
to
hire
a
nanny.
She
may
have
to
secure
a
pet
si;er.
• Depending
on
where
the
couple
is
residing,
Bri;any
may
decide
to
move
home
with
her
parents.
– That
may
reduce
housing
costs
such
as
u)li)es
but,
they
will
have
moving
fees
(twice)
and,
perhaps,
storage
fees.
Perhaps
they
will
decide
to
rent
their
home
while
he
is
deployed.
This
can
boost
income
but,
has
expenses
of
it's
own.
• Food
may
vary.
With
Bre;
gone,
the
family
grocery
bill
will
be
less.
However,
ea)ng
out
may
increase
because
of
it's
convenience.
If
she
hires
a
nanny,
food
costs
may
stay
the
same.
Entertainment
costs
may
alter.
26. Deployment:
So
How
Might
the
Budget
Change?
• Auto
costs
may
decrease.
– Since
they
are
a
two
car
family,
they
may
put
one
car
on
a
deployed
status
for
the
insurance.
The
gas
and
maintenance
will
also
be
lowered.
Or
Bri;any
may
provide
one
of
the
cars
for
a
nanny.
Which
may
increase
insurance
premiums,
gas
and
maintenance
costs.
Perhaps
they
will
sell
a
car
before
the
deployment
with
the
thought
of
buying
something
new
when
Bre;
returns.
• Added
expenses
will
be
care
package
items
and
shipping
for
care
packages,
ship
phone
cards/calling
cards,
and
ship/internet
purchases
by
Bre;.
• An
expense
they
should
budget
for
is
the
Savings
Deposit
Program.
• Pre-‐deployment
and/or
post-‐deployment
trip
home
to
visit
Bre;'s
family
28. Using
Statements
• Is
there
sufficient
room
for
savings?
– Compare
with
goals
29. Savings
situa)on
Adequate
savings
• Con)nue
to
treat
savings
as
a
fixed
expense
• Explore
any
opportuni)es
for
tax
savings
• Monitor
progress
toward
goal
over
)me
Inadequate
savings
• Reduce
expenses
– If
possible
• Increase
income
– If
possible
• Adjust
tax
situa)on
– Keep
more
income
• Adjust
goal
– Amount
– Timing
– At
all?
30. Ra)o
Analysis
• The
key
to
ra)o
analysis
is:
– Does
the
ra)o
get
to
the
answer
for
the
ques)on
asked?
– Is
there
some
standard
or
benchmark
to
determine
whether
the
result
is
appropriate
for
this
par)cular
client?
Chapter
4:
Personal
Financial
Statements
31. Ra)o
Analysis—The
Objec)ve
• The
objec)ve
of
ra)o
analysis
is
twofold:
– To
gain
addi)onal
insight
into
the
financial
situa)on
and
behavior
of
the
client
– To
generate
ques)ons
for
the
client
to
answer
to
further
gain
such
insight
Chapter
4:
Personal
Financial
Statements
32. Types
of
Ra)o
Analysis
• Liquidity
ra)os
–
emergency
fund
ra)o
and
current
ra)o
• Debt
ra)os
–
total
debt
to
net
worth,
long-‐term
debt
to
net
worth,
debt
to
total
assets,
long-‐term
debt
to
total
assets,
housing
costs
to
gross
income,
housing
and
debt
payments
to
gross
income
• Performance
ra)os
–
savings
ra)os
and
investment
performance
ra)os
Chapter
4:
Personal
Financial
Statements
33. Emergency
Fund
Ra)o
EFR
=
Current
Assets
Monthly
Nondiscre)onary
Expenses
Target
of
3
to
6
months
Chapter
4:
Personal
Financial
Statements
34. For
Our
Case
Study
EMF
=
1600
/
(1/12
X
(6920+3816+4000+1,920+6540+7080+2820+390
+4056+1200+168+600+624)
=
=
1600
/
(40134/12)
=
1600
/
3344.5
=
0.478
Less
than
a
month,
this
is
cri)cally
low.
Lower
resiliency
for
this
family
to
a
resource
shock
35. Current
Ra)o
CR
=
Current
Assets
Current
Liabili)es
Target
of
1.0
to
2.0
Chapter
4:
Personal
Financial
Statements
36. For
Our
Case
Study
CR
=
1600
/
10275
CR
=
0.156
CR
=
1600
/
4045
CR
=
0.395
Either
way
it
is
too
low.
How
do
we
interpret
this?
37. Debt
Ra)o
=
Total
Liabili)es
Total
Assets
This
should
be
less
than
0.4
or
40%
38. For
Our
Case
Study
DR
2012=210364/260828
DR
2012=0.80
or
80%
DR
2013=
215535/330534
DR
2013=
0.652
or
65%
This
is
also
too
high,
should
be
0.4
or
less,
but
it
is
geung
be;er…
39. Long-‐Term
Debt
Coverage
Ra)o
=
Annual
gross
income
Total
annual
long
term
debt
payments
Should
exceed
2.5
40. For
Our
Case
Study
LTDCR
=
83,593.36
/
(6540+7080+2820+4056)
83,593.36/20496
=
4.08
With
CC
debt
it
is
83593.36/(20496+6230)
=
3.13
In
either
care,
the
debt
coverage
is
reasonable.
41. Debt-‐to-‐Income
Ra)o
=
Annual
consumer
credit
payment
Annual
afer-‐tax
income
Should
be
less
than
15%
42. For
Our
Case
Study
• So
here
we
will
count
car
loans,
credit
cards.
Now
I
include
student
loans
too
so
we
capture
debt
burden
but
Not
the
mortgage.
DIR
=
(6230+2820+4056)/(83593.36-‐23839.31)
DIR
=
13106/72860.05
=
17.99%
Debt
is
not
overwhelming
but
becoming
burdensome
43. Credit
Usage
Ra)o
=
Total
Credit
Used
Total
Credit
Available
Should
be
less
than
30%
(Consistent
with
FICO
measure)
44. For
Our
Case
Study
So
since
you
now
know
our
family
has
a
credit
limit
of
$15,000
on
their
credit,
what
is
their
usage?
CUR
2012=
7980/15000
=
0.532
or
53.2%
CUR
2013=
6230/15000
=
0.415
or
41.5%
So
it
is
improving
but
s)ll
rela)ve
to
FICO
benchmark
of
30%
45. Lending
Ra)os
–
Front
End
• Housing
Costs
(Mortgage
payment
+
Property
tax
+
Homeowners
insurance)
to
Gross
Income
– Target
of
≤
28%
Chapter
4:
Personal
Financial
Statements
46. For
Our
Case
Study
FER
=
(6540+7080+4692)/83593.36
FER
=
18312/83593.36
=
21.9%
47. Lending
Ra)o
–
Back-‐End
• Housing
and
Debt
Payments
(i.e.
credit
card,
auto
loan)
to
Gross
Income
– Target
of
≤
36%
48. For
Our
Case
Study
BER
=
(6540+7080+4692+4056+6230)/83593.36
BER
=
28598/83593.36
=
34.2%
So
housing
wise
our
family
is
not
in
too
bad
of
shape,
other
debt
yes…
49. Savings
Ra)os
• Rate
of
Savings
=
Annual
Savings
Annual
Gross
Income
Target
of
≥
10%
(age
dependent)
• Includes
Personal
and
Employer
Contribu)ons
Chapter
4:
Personal
Financial
Statements
50. For
Our
Case
Study
SR
=
(2731+1488+2000)/83593.36
SR
=
6219/83593.36
SR
=
0.074
or
7.4%
Is
this
okay?
51. Investment
Ra)os
• Income
on
Investments
=
Income
from
Investments
Average
Invested
Assets
• ROI
=
EI
–
BI
–
Addi)onal
Investments
Average
Invested
Assets
Target
of
9
to
12%
• Investment
Assets
to
Gross
Income
Chapter
4:
Personal
Financial
Statements
52. For
Our
Case
Study
ROI
=
(33871+1727)/
[(24598+4591+2000+61200+8699+2000)/2]
ROI
=
35598
/
51544
=
69%
WOW
what
a
return…
53. So
let’s
summarize
• Liquidity
– Family
has
insufficient
capital
to
meet
current
obliga)ons
– Family
is
not
adequately
prepared
for
an
emergency
without
addi)onal
support
or
resources
from
others
• Debt
– This
family
has
a
high
debt
load
• It
presents
issues
for
level
of
debt
and
amount
of
debt
payments
54. So
let’s
summarize
• Housing
– Housing
is
not
too
burdensome
for
this
family
• Savings/Inves)ng
– Investments
did
great,
but
they
probably
need
to
be
saving
more
55. Ver)cal
&
Growth
Analysis
• Ver)cal
analysis:
– Balance
sheet
–
each
item
presented
as
a
percent
of
total
assets
– Income
statement
–
each
item
presented
as
a
percent
of
total
income
• Growth
analysis:
– Calculates
the
growth
rate
of
certain
financial
variables
over
)me
using
TVM
tools
Chapter
4:
Personal
Financial
Statements
56. For
Our
Case
Study
• We
have
seen
– Income
not
dras)cally
change
– Expenses
change
– Loss
of
value
on
the
home
– Increase
of
value
on
investments
– Deprecia)on
on
tangible
assets
58. What
would
we
tell
a
family
interested
in
some
of
the
following
issues?
SO
BASED
ON
FINANCIAL
POSITION…
59. So
let’s
explore
various
strategies
•
•
•
•
Refinance
a
mortgage
with
FRM
Obtain
an
ARM
Use
HELOC
to
consolidate
debts
Use
HELOC
for
emergency
fund
60. So
let’s
explore
various
strategies
• Payoff
unsecured
debt
with
assets
earning
lower
rates
of
return
• Reduce
expenses
61. Limita)ons
of
Financial
Statement
Analysis
• Infla)on
• Use
of
es)mates
• Few
benchmarks
for
individuals
Chapter
4:
Personal
Financial
Statements
62. Sensi)vity
Analysis
&
Risk
Analysis
• Sensi)vity
analysis
allows
manipula)on
of
input
variables
by
small
increments
to
determine
the
impact
on
the
ra)o
• Risk
analysis
examines
the
uncertainty
of
cash
flows
to
the
individual
– Business
or
investment
risk
– Financial
risk
Chapter
4:
Personal
Financial
Statements
64. Iden)fying
SWOT
• Think
in
terms
of
the
ques)ons
we
asked
earlier
in
our
analysis
– Cash
flow
constraints
– Liquidity
– Savings
– Debt
burden
• Cash
flows
• Net
worth
• Credit
worthiness
– Housing
burden
65. Strengths
• Produc)ve
investments
• Commitment
to
saving
66. Weaknesses
• Carrying
consumer
debt
• Li;le
Discre)onary
Cash
Flow
to
address
debt
issue
• Earnings
growth
is
minimal
67. Opportuni)es
• Invest
more
• Trim
expenses
to
improve
DCF
• Stable
income
currently
68. Threats
• Heavy
debt
load
• Lack
of
liquidity
creates
vulnerability
to
income
and
resource
shocks
69. CEU
Informa)on
• Send
an
email
to:
FSAWebinars@gmail.com
• Include:
– Both
CEU
Passwords
given
in
this
presenta)on
– Your
first
and
last
name
• Emails
must
be
received
by:
Wednesday,
April
17,
2013
at
5
p.m.
ET