What Is a Financial Analyst?

The financial analyst is responsible for analyzing the company's financial situation, analyzing all the company's investment and financing projects in conjunction with the current economic and financial environment, providing financial advice and decision support, and at the same time evaluating the company's overall financial situation and proposing adjustments and improvements. With the development of economy and society, the role of financial information in economic and social life is growing, and the scope of application of financial analysis is becoming wider and wider.

Financial analyst

China Financial Analyst (English name: ChinaProfessionalFinancialAnalyst, abbreviation: CPFA) Vocational Training Certification is approved by the Ministry of Human Resources and Social Security of China, and the China Employment Training Technical Guidance Center (CETTIC) is responsible for certifying a career in the field of financial analysis Proficiency certification.

The purpose of the CPFA vocational training certification is to cultivate the breadth of knowledge and practical skills of finance and management personnel, so that they can predict business needs and participate in strategic decision-making. The scope of knowledge contained in the exam content reflects the competence required of reference personnel in today's business environment. Therefore, obtaining the CPFA vocational training certification not only means that it has complete knowledge in finance and related fields, but also shows that it has a high degree of professional standards and ability to analyze the internal financial statements of the enterprise, participate in financial management and formulate future strategies and implementation.

Applicable people: college students, undergraduate students, business managers who are determined to engage in business management, preparation entrepreneurs, project planners, business management personnel, and financial professional staff.

According to Article 8 of Chapter I of the Vocational Education Law of the People's Republic of China, the implementation of vocational education shall be in accordance with the vocational classification and vocational level standards formulated by the state according to actual needs, and a system of academic credentials, vocational training certificates and vocational qualification certificates shall be implemented. The state implements a system in which workers receive the necessary vocational education before employment or before taking up a job.

The General Office of the Ministry of Human Resources and Social Security (formerly the Ministry of Labor and Social Security) issued a document on the Reply Letter on the Effectiveness of CETTIC Vocational Training Qualification Certificates on May 16, 2005, which clarified that: CETTIC Vocational Training Certificates Teacher training, entrepreneurship training, job training, special ability training, as well as new occupations, new knowledge, new technologies, new skills, etc. are carried out. This certificate serves as a voucher for trainees to practice.

The professional training examination for financial analysts adopts a national unified organization, unified examination time, unified examination outline, unified examination propositions, and unified qualification standards.

Education and training: Financial analysts are required to have a bachelor degree or above in finance, finance, etc., and have a title of intermediate accountant or above.

Work experience: Trained in project management, management, financial market analysis, financial analysis, product knowledge, etc .; proficient in all aspects of financial management, familiar with various organizational forms

Analyze company financial status, research company information in the industry, and track financing strategies, financial analysis and financial policies;

Analyze the actual financial accounts, judge, explain and explain important differences between the actual situation and the budget, and predict the company's financial income and risks;

Analyze the performance of various businesses and departments, provide financial advice and decision support;

Forecast and monitor the company's cash flow and the use of various funds;

Write various

The financial analyst who has just started in the industry, works for ordinary Chinese-funded Hong Kong-funded Taiwan-funded enterprises, and the general monthly salary range is about 5,000-15,000 yuan. The salary level of foreign companies is generally higher, and the salary of basic-level financial analysts is around 20,000.

Most of the financial managers who have obtained the certification of financial analysts can work in well-known multinational companies with an average annual salary of more than 500,000 yuan. According to a recent survey conducted by the International Association of Certified Financial Analysts (IRFAA), the average annual salary of IRFAA members is $ 101,805.

Those who are engaged in the financial analysis industry are generally engaged in the basic financial analysis of the enterprise. After obtaining a professional qualification certificate and accumulating certain experience, they can engage in advanced financial planning and management, and become a financial analysis manager, financial manager, and financial cost control manager , Budget manager, fund manager, audit manager, etc. In addition, with sufficient knowledge of financial knowledge, they can also be turned into financial management consultants.