Cost Benefit Analysis is a technique used to determine if the financial benefit s of a project outweigh the associated cost of undertaking the project in the first place. For a short term project where the benefit may be an immediate one-time cash windfall this may be as simple as subtracting the total of all the project cost from the total of all of the project benefits. If the total is positive, then the project may be worth completing.
The activity diagram is important because it gives an outline of the work
flow within the business as well as the activities and action completed.
For instance with a company, there is likely to be more than one department. In such a case each department, will have different access levels to the system.
So if there's a Medical, HR and Accounts team they will only have access to screens that relate to each.
The activity diagram will highlight the differences within the departments which will be very helpful for developers when they are designing and coding.
UML in full means Unified Modeling Language. It is the industry standard
language for constructing, visualizing and documenting the different components within a system.
★ It is necessary to possess higher analytical abilities.
★ You need to have strong understanding of accounts and financial fundamentals as most of the time, what you are doing are crunching numbers!
★ Apart from this, knowledge about global and local business is an added advantage.
★ You should know about capital markets and how they function.
★ The equity analyst also needs to be a good communicator.
★ Since all the financial analysis needs to be presented in the form of reports and/or case studies, strong writing skills is a must.
★ As an equity researcher, possessing correct judgment goes with the job.
If your aim is to work in equity research or you're interested in any finance position, you should have a good reason for applying for the position you're interviewing for.
In the case of equity research, mention your non-finance work experience as a reason to focus on the sector you're interviewing for. Also, you could use a specific class or course that helped you prepare for this position.
One way to look at equity research vs. investment banking is that as an equity research analyst/associate:
★ You only have access to public information, which makes the job interesting.
★ You get to talk to suppliers, customers and competitors of your coverage universe.
★ You focus on one sector and eventually become an expert in that sector.
On the other hand, as an investment banking associate/analyst:
★ You get to work with companies directly and you could have access to material non-public information.
★ You work on many deals with different scopes.
★ You work on companies from different sectors.
Just do your research before you head to an interview and have couple reasons on why you picked this position over another one. Saying that you'll get to apply your finance skills might not be enough, because you could apply them whether you work in equity research or in investment banking.
A communication diagram or interaction diagram, is an illustration of the relationships and interactions among software objects in the Unified Modeling Language (UML). The concept is more than a decade old although it has been refined as modeling paradigms have evolved.
► Use case diagram
► Activity diagram
► Collaboration diagram.
The use case model requires a use case diagram. It describes the business
environment. Its primary goal is to show the series of events and actions within any given process that will be performed by an actor.
The flow chart gives a clear graphical representation of an implemented
process. This makes the system simple to understand for all persons involved in the project.
In Investment Banking, the analyst role is the lowest level in the organizational chart. The analyst usually reports to an associate, and therefore the associate in Investment Banking ranks higher than the analyst.