What Is a Master of Business Administration (MBA)?

A Master of Business Administration (MBA) is a master’s degree in business administration, which is a professional degree that prepares students for leadership roles in businesses and organizations. The MBA curriculum typically covers topics such as accounting, finance, marketing, and operations management. What is meant by MBA course? An MBA is a Master of Business … Read more

What Credit Analysts Do and How They Work.

Credit analysts are responsible for assessing the creditworthiness of individuals and businesses. They use financial information to make recommendations about whether to extend credit and at what terms. Most credit analysts work in the banking or financial services industry. Some work for credit rating agencies, while others may work in the accounting or legal departments … Read more

Commodity Trading Advisor (CTA).

A Commodity Trading Advisor (CTA) is an individual or firm that provides advice and services related to trading in commodities, futures, and derivatives. CTAs are registered with the U.S. Commodity Futures Trading Commission (CFTC) as commodity trading advisors. CTAs must have a valid license in order to provide commodity trading advice to clients. In order … Read more

Financial Accounting Foundation (FAF).

The Financial Accounting Foundation (FAF) is a not-for-profit organization that was established in 1972. The FAF is responsible for the oversight, administration, and funding of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB). The FAF also provides financial support for the Accounting Principles Board (APB) and the Private Company Council … Read more

What Is a Certified Financial Planner (CFP)?

A certified financial planner is someone who has completed a rigorous academic program and has passed a comprehensive exam administered by the Certified Financial Planner Board of Standards. CFPs are required to adhere to a strict code of ethics and maintain a high level of professional competence. Financial planners who have not completed the CFP … Read more

What Does Cum Laude Mean?

Cum laude is an academic distinction that indicates a student has graduated with honors. The term is derived from the Latin words for “with praise.” Cum laude is typically awarded to students who have earned a GPA that is in the top 20-25 percent of their graduating class. Some schools use a separate GPA scale … Read more

Associate In Claims (AIC) Definition.

The Associate in Claims (AIC) designation is a professional designation earned by insurance professionals who complete a prescribed course of study focused on insurance claims and insurance claim adjusting. What are the skills required for claims associate? There is no one-size-fits-all answer to this question, as the skills required for a claims associate may vary … Read more

Chartered Life Underwriter (CLU).

A Chartered Life Underwriter (CLU) is a professional designation awarded by The American College of Financial Services. Earning a CLU designation requires completing a rigorous course of study focused on insurance planning and financial services. The CLU designation is one of the most respected and recognized credentials in the financial services industry. Chartered Life Underwriters … Read more

Chartered Business Valuator (CBV).

A Chartered Business Valuator (CBV) is a professional designation granted by the Canadian Institute of Chartered Business Valuators (CICBV). The CICBV is the Canadian professional organization for business valuation, which was established in 1977. The CBV designation is the highest level of professional certification in business valuation in Canada. To become a CBV, candidates must … Read more

Licensed International Financial Analyst (LIFA).

The Licensed International Financial Analyst (LIFA) designation is a professional credential awarded by the International Financial Analysts Association (IFAA) to financial analysts who meet certain educational, experience, and ethical requirements. The LIFA designation is recognized by financial analysts and employers worldwide as a mark of excellence in the field of financial analysis. What is the … Read more