What Are the Different Types of Financial Advisor Certification?

Financial Consultant (Finance Consultant) refers to professionals with professional financial knowledge to provide customers with investment and financial consulting and planning services. Financial consultants have different job responsibilities and services in different companies and industries. Financial advisers should be diligent and responsible, and follow industry norms and professional ethics.

financial consultant

The acquirer shall not acquire a listed company if it has not hired a financial consultant in accordance with the regulations

According to the "Provisions on the Management of Acquisitions", financial consultants shall perform the following duties:

(1) Conduct due diligence on the relevant situation of the acquirer;

(2) Provide professional services to the acquirer at the request of the acquirer, comprehensively assess the financial and operating conditions of the acquired company, assist the acquirer in analyzing the legal, financial, and operating risks involved in the acquisition, and for the acquisition price, Put forward countermeasures and suggestions on acquisition methods, payment arrangements and other matters, and guide the purchaser to make declaration documents in accordance with the prescribed content and format;

(3) To the acquirer

Graduated in finance, finance major, more than three years

The financial consultant shall issue a financial consultant report, explain and analyze the following matters, and express clear opinions one by one:

(1) Acquisition report or tender offer report of a listed company prepared by the acquirer

Independent Financial Adviser Report

The board of directors of a listed company or

During the acquisition process and the continuous supervision period, the financial adviser should pay attention to whether the acquired company has provided guarantees or loans to the acquirer and its related parties to damage the interests of the listed company. If it finds any illegal or improper behavior, it should promptly report to the China Securities Regulatory Commission. Reports from conferences, agencies and stock exchanges.

Within 12 months from the time when the acquirer announces the acquisition report of the listed company to the completion of the acquisition, the financial adviser should pay attention to the operation of the listed company through daily communication and regular return visits, and combine the disclosure of the acquired company's periodic report and temporary announcements. Perform continuous supervision of the acquirer and the acquired company:

(1) Supervise the acquirer to complete the equity transfer formalities in a timely manner, and fulfill the reporting and announcement obligations in accordance with the law; (2) Supervise and inspect the acquirer and the acquired company to operate in accordance with the laws and regulations;

(3) Supervise and check the purchaser's implementation of public commitments;

(4) Combined with the periodic report of the acquired company, check whether the acquirer implements the follow-up plan, whether it has achieved the expected goals, whether the implementation effect is significantly different from the previous disclosure, whether the relevant profit forecast or the management's expected goals have been achieved;

(5) For management acquisitions, check whether the implementation of the relevant repayment plan disclosed in the periodic report of the acquired company is consistent with the facts;

(6) Supervise and inspect the fulfillment of other obligations agreed in the acquisition.

During the period of continuous supervision, the financial consultant shall issue a continuous supervision opinion based on the quarterly report, semi-annual report and annual report disclosed by the listed company, and report to the dispatched agency within 15 days after the aforementioned periodic report is disclosed. During this period, if the financial adviser finds that the information disclosed by the acquirer in the acquisition report of the listed company is inconsistent with the facts, it shall urge the acquirer to truthfully disclose the relevant information and report to the China Securities Regulatory Commission, dispatching agencies and stock exchanges in a timely manner. If the financial consultant terminates the entrusted contract, he shall make a written report to the China Securities Regulatory Commission and its dispatched office in a timely manner, explain the reasons for the failure to continue to perform the duties of continuous supervision, and make an announcement.

Certificate name

Certified Certified Financial Advisor (CFC)

Certified Financial Consultant, Chinese translation for Registered Financial Consultant, CFC for short.

Organiser

The CFC certificate was launched by the Institute of Financial Consultants Standards (IFC). IFC was established in 1990 and is international

The specific operation method is as follows:

(1) Reconciliation of cash journal with cash receipt and payment voucher.

The receipt and payment vouchers are the basis for registering the cash journal, and the accounts and vouchers should be completely consistent. However, in the process of bookkeeping, due to careless work and other reasons, re-recording, missing records, wrong directions, or wrong numbers often occur. Account verification shall be performed one by one in accordance with the sequence in which the business occurred. The main items to be checked are: check the voucher number; recheck the bookkeeping voucher and the original voucher to see whether they are completely consistent; check the consistency of the amount and direction of the check voucher; if an error is found, it should be corrected immediately according to the prescribed method to confirm the account The certificates are exactly the same.

(2) Reconciliation of cash journal and cash general ledger.

The cash journal is registered one by one according to the receipt and payment vouchers, and the general cash ledger is collectively registered according to the receipt and payment vouchers. The basis of the accounting is the same, and the recorded results should be completely consistent. However, since the two types of books are recorded separately by different persons, and the general ledger is generally registered, errors may occur during the summary and registration process; the journal is recorded one by one, and the number of records is many. It is inevitable that errors will occur. Therefore, the cashier should regularly issue a "cash report" to check with the general ledger accountant. Usually check the balance of the two accounts frequently. After the end of each month, the debit balance, credit balance and balance of each account in the general ledger have been trial-balanced. Be sure to debit the cash in the general ledger this month, The credit amount and the balance at the end of the month are reconciled with the total monthly income (debit), the total monthly expenditure (credit), and the balance of the cash journal to check whether the accounts are completely consistent. If not, first find out which side the error is. If the debit side has an error, you should look for the cash receipt voucher, bank deposit payment voucher (cash withdrawal business) and cash income account; otherwise, you should look for cash payment voucher. And cash payers' accounts. After finding the error, it should be corrected immediately according to the prescribed methods to ensure that the accounts are consistent.

(3) Reconciliation of cash journals and cash on hand.

The cashier should check whether the accounts are consistent after the daily business ends. First settle the book balance of the cash journal of the day, and then check the actual amount of cash in the inventory to see if they are completely consistent. In actual work, anyone who has cash receipts and payment vouchers that are too late to register on the same day should be based on "the actual amount of cash in stock + the amount of undocumented payment vouchers-the amount of unaccounted vouchers = cash journal account balance Check the formula. Repeated checks still do not match, which means that the daily journal or the actual cash receipt and payment are incorrect. In this case, on the one hand, the cashier should report to the person in charge of accounting, on the other hand, they should recall the receipt and payment transactions handled on the same day by day, and try to find the cause of the error as soon as possible.

Basic Information

Author: Maud Wang

ISBN: 9787810990356

Publisher: National University of Defense Technology Press

Price: 48.0

Binding: paperback

Publication year: 2004-3-1

Executive summary

This book includes: the current status and development prospects of financial advisory business; the clients of financial advisors; M & A business and financial advisory services; management financing acquisitions and financial advisory services.