For example, if the current year is 2008 and a journal has a 5 year moving wall, articles from the year 2002 are available. This type of analysis can include IPOs or mergers and acquisitions Analysts assess current financial conditions as well as rely heavily on modeling and forecasting to make recommendations to senior partners as to whether or not a certain merger is appropriate for that investment bank’s client or whether another client of the investment bank should invest venture capital in a particular company.
However, there are many different types of Financial Analysts, such as Securities Analysts, Investment Analysts or Ratings Analysts, and they can work for a number of different types of organizations, including insurance companies, investment banks, mutual funds, pension funds, hedge funds and securities firms, as well as companies that operate in any industry in Canada!
The obligations of today’s financial analyst were covered by more experienced individuals as late as the 1970s, but with rapid deregulation of ownership in industries in the early 1980s and the rapid growth of the financial sector during those same years, the need arose for a structured and continuing stream of intensively trained professionals familiar with the financial industry.
In order to be able to evaluate and communicate the impact of specific business issues for the company, a candidate must have a good understanding of all components of the financial statements Journal entries and reconciliations are likely to be reserved for those in the core accounting department, but a thorough understanding of this is the foundation upon which leading indicators and other metrics are built.
The most common FINRA qualifications are Series 7 General Securities Representative Qualification , Series 63 Uniform Securities Agent State Law Examination , and Series 65 & 66 Uniform Investment Adviser Law and State Law Examinations Most positions as a financial analyst require you to have these qualifications, in addition to education and experience requirements.