The world of business opens many opportunities for pursuing students who want to establish their line of business in it. Diploma in Accounting is one of the most important tool which helps the student to pursue their name in the field of accounting and by attaining the course they can a bright future. Accounting is very important as it is the only tool through which a person can keep a close eye on the liabilities and assets.

Accounts is an interesting subject and the desire to own a business or a company than Diploma in Accounting is must. If you are holding a diploma in your hand than the doors of success are going to open by themselves. In this subject the student can have a deep knowledge of

Financial accounting
Management Accounting
Auditing
Tax Accounting
With these subjects the students will also get the practical knowledge of the subject so that he can apply the accounting terms in his practical life also. The main objective of this course is to make the person aware of the cash flow of the business and it also gives him the power of taking monetary decisions in the business.
In this course the student gets the complete knowledge of the subject through talented and dedicated teachers. Assignments are assigned to the students in order to give them the completed knowledge of the subject. Presentations are prepared by the experts related to Accounts with the aim of teaching them the concepts quickly and easily.

Diploma in Accounting helps the student to work in both private and public sectors. Accounting jobs are available in the corporate finance world and it also helps in maintaining the cash flow from the business. This course has the different time limit as it is designed according to the need and requirements of the hunting students.

Today’s generation is strong-minded and they want to establish their occupation as soon as possible. If you have an interest in accounts and can solve the monetary issues easily than Diploma in Accounting is the right for you. It is the systematic way to solve the financial transactions which are connected to to a business. With the help of accounts, one can analyze and solve the issues of finances with the confident and it also helps them to run the profitable business.

Finance is the backbone of the business as whole burden of the work depends on it. Businessmen take his each and every decision of finance by keeping in mind the in and out flow of cash from his business. The main aim of business is to earn profit with less investment. In order to earn profit one must have the deep knowledge of accounts and this can be acquired through many institutions who are providing Diploma in Accounting course.

Finance is the main part of the business and to manage it professionally is the art of the businessman. Learn this art and create your own name in the field of accounting.

This startling figure comes from a recent review of the financial advice offered from the big four banks by the Australian Securities and Investment Commission (ASIC).

Even more startling: 10% of advice was found to leave investors in an even worse financial position.

Through a “vertically integrated business model”, Commonwealth Bank, National Australia Bank, Westpac, ANZ and AMP offer ‘in house’ financial advice, and collectively, control more than half of Australia’s financial planners.

It’s no surprise ASIC’s review found advisers at these banks favoured financial products that connected to their parent company, with 68% of client’s funds invested in ‘in house’ products as oppose to external products that may have been on the firms list.

Why the banks integrated financial advice model is flawed

It’s hard to believe the banks can keep a straight face and say they can abide by the duty for advisers to act absolutely in the best interests of a client.

Under the integrated financial advice model, there are layers of different fees including adviser fees, platform fees and investment management fees adding up to 2.5-3.5%

The typical breakdown of fees is usually as follows: an adviser charge of 0.8% to 1.1%, a platform fee of between 0.4% and 0.8%, and a managed fund fee of between 0.7% and 2.1%. These fees are not only opaque, but are sufficiently high to limit the ability of the client to quickly earn real rates of return.

Layers of fees placed into the business model used by the banks means there is not necessarily an incentive for the financial advice arm to make a profit, because the profits can be made in the upstream parts of the supply chain through the banks promoting their own products.

This business model, however, is flawed, and cannot survive in a world where people are demanding greater accountability for their investments, increased transparency in relation to fees and increased control over their investments.

It is noteworthy that the truly independent financial advisory firms in Australia that offer separately managed accounts have done everything in their power to avoid using managed funds and keep fee’s competitive.

The banks have refused to admit their integrated approach to advice is fatally flawed. When the Australian Financial Review approached the Financial Services Council (FSC), a peak body that represents the ‘for-profit’ wealth managers, for a defence if the layered fee arrangements, a spokesman said no generalisations could be made.

There are fundamental flaws in the advice model, and it will be interesting to see what the upcoming royal commission into banking will do to change some of the contentious issues surround integrated financial advice.

Many financial commentators are calling for a separation of financial advice attached to banks, with obvious bias and failure to meet the best interests of clients becoming more apparent.

Chris Brycki, CEO of Stockspot, says “investors should receive fair and unbiased financial advice from experts who will act in the best interests of their client. What Australians currently get is product pushing from salespeople who are paid by the banks.”

Brycki is calling for structural reform to fix the problems caused by the dominant market power of the banks to ensure that consumers are protected, advisers are better educated and incentives are aligned.

Stockspot’s annual research into high-fee-charging funds shows thousands of customers of banks are being recommended bank aligned investment products despite the potential of more appropriate alternatives being available.

Paul sharing information regarding financial Planning and also give financial Advise

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