Accountancy Career The Reasons Why You Should Choose Accounting

Accountancy Career: The Reasons Why You Should Choose Accounting

Accounting or accountancy is one of the best careers available today. Accountants are always on demand and the fields or jobs that you can choose from are huge. This means that there are a lot of opportunities for having a career as an accountant and you also have a lot of career choice to choose from.

In accounting, you will see that there are lots of things that you can benefit from. Here, you will see that it will be able to help you gain experience in the field of accounting as well as learn a lot about the inner workings of businesses. It basically means that it will teach you on how to organize and run your own business.

In fact, most successful entrepreneurs started out as accountants. The knowledge they gained in this line of work eventually paid off and they are now continuing to build a business empire. If you too would want to become like most of the successful accountants today, then you will want to know the skills required in accounting.

Basically, the required skills are not that high except for two areas. The first is your analytical skills and the second is your computer skills.

If you compare the accounting field to other professions out there, you will see that most of it will require a skill, such as having some type of attention to detail as well as knowledge about computers. However, you have to remember that in accounting, there are different skills and knowledge needed than the rest of other professions.

Here, you don't need to know how to socialize with other people. You will work in a self-pressure environment only and you also do not need a high amount of initiative. It's not saying that accounting is much easier than other jobs, but it just means that it is different. It basically separates this profession from other types of careers.

The best feature in becoming an accountant is that you really don

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How to Write a Cover Letter for Accounting Job - Careers - Resumes

How to write a cover letter for accounting job

The accounting field provides a wide range of job opportunities to fresher and experienced candidates. Although the basic nature of all the accounting jobs is same, there are different positions in this field. The field of accounting is expanding quickly and there are many developments being made in the field. It is a structured and organized field. When applying for the accounting position in any company, your accounting letter should be well organized and in a proper format. Accounting is all about maintaining the records and preparing the reports. If your letter is not well organized, employer will definitely consider that you are not good at maintaining the financial records.

Accounting Cover Letter

When you are applying for the accounting position, you must begin your cover letter by telling about the reason for applying for the position. Explain to the employer the things in the accounting jobs that interest you and why you find yourself suitable for this position. Accounting cover letter should say a lot about your personality and describe your professional experiences precisely.

Letters are written to make an initial impression on the employers. It is important to write them aptly and summarize the details correctly for better impact. The language used in the letter should be grammatically correct. Use the action words in active voice to portray your confidence and optimism.

Designing your Accounting Job Cover Letter

You can make your accounting cover letter noticeable by keeping in mind three fundamental points:

Knowledge of FieldIt is important to have expertise in handling various accounting tools. You must have in detail knowledge of the subject.

Explain your InterestEmployers are always looking for the candidates those are really interested in working in the position. You need to show your interest in the applied accounting position. You can demonstrate your willingness for the job by showing your assurance and keenness to take on the entire workload.

Match your Qualifications according to the job Requirements It is important to match your existing skills and qualifications according to the requirements of the job. Recruiting managers will prefer the candidates those have researched about the company profile before applying for the job.

Accounting Letter Format

The following accounting cover letter format will explain you how to write the cover letter for accounting positions and what to include in such letters. These letters will introduce the candidate to the employers and tell them about their suitability for the accounting position. The format for cover letter is as follows:

Cover letter is not an alternative for resume but it is written to accompany your resume when you send an application for the job. It can be said as the short version of your resume. It tells the employer why you are suitable for the job and what are your job specific qualities that separates you from other candidates. It is our first chance to make an impression on the recruiter and it should look professional.

Format Cover letter is generally divided in three paragraphs. The first section in the letter is generally reserved for an introduction. Here you have to introduce yourself to the employer. In this paragraph tell to the employer about the job position you are willing to seek and tell them any specific reason why you feel qualified for the position.

Next is the body of the letter. Here you can talk about the past job experiences, skills and accomplishments. Present these details in the bullet-ed points. This will make your details simple and easy so that employer can go through it at first instance.

At the end of the letter, express thanks the addressee for sparing their precious time and reading the letter. Read your letter once again to check the flow of information and any grammatical errors. The heading of the cover letter and the resume must be same. Mention the name of the HR manager whenever necessary.

From the above format, you will get complete idea of writing the cover letter for accounting jobs. Improve your chances of selection by designing a job specific cover letter and get noticed by the recruiter.

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Sports Management Degree Online - Sports - Track and Field

If you are interested in anything that concerns sports like fitness management, sports coaching and sports studies among others, then a sports management degree online program is just what you need. There are actually various programs and courses you can take within this field of study. This includes sports science, athlete management, sports revenue management, sports medicine and more.

These days, you can develop your love for sports into a promising career. We used to look up to professional athletes and think that they are the only ones who can turn their passion for sports into high paying careers. This is no longer the case.

Sports is a multi billion dollar industry that features a wide range of behind-the-scenes-jobs that are necessary to make the industry function. Consequently, there are myriad opportunities in marketing, management, supervisory positions, coaching, athletic management, public relation, advertising etc.

Sports management is one of the most exciting careers because it requires individuals who is both familiar with the physical and business side of sports. What a sports manager does is crucial to the success of a team. To excel in this career, you need to have marketing and business aptitude; be willing to work long hours and have the ability to negotiate and communicate well and have a love for the game you represent.

Competition for most positions in this field is intense. However, if you are armed with an accredited sports management degree online and are a go-getter, you possess what it takes to reach the top.

Similar to programs offered at traditional colleges, online sports management degree programs are also offered from bachelor's and master's levels to doctoral level. If you have a background in marketing, law or business, this degree program is right up your alley.

The curriculum includes courses in athletic management, business management, marketing and accounting. These are the type of courses that will give you the foundation to succeed in this field.

The job opportunities and salaries available in this field vary according to depending in your area of sports management. Public relations specialists earn an average of about $50,000+ a year and college level sports administrators earn an average of $76,000+ per year.Similar to programs offered at traditional colleges, online sports management degree programs are also offered from bachelor's and master's levels to doctoral level. If you have a background in marketing, law or business, this degree program is right up your alley.

The curriculum includes courses in athletic management, business management, marketing and accounting. These are the type of courses that will give you the foundation to succeed in this field.

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Small Business Accounting Sofware - What Modules Are Essential When Buying Accounting Software? - Business - Small Business

There are many different accounting software products available in the open market. Choosing the right package can be a confusing and daunting task if you are uncertain about what you should be looking for. With so many accounting software products to choose from the question of business requirements is becoming ever more important. Any business that is looking to invest in accounting software needs to think about what their requirements are before starting to look at specific products. By doing this thinking the small business owners give themselves a better chance of getting a product that matches their business requirements and cost budget. Unfortunately many owners of small businesses are unaware of their business requirements and more specifically the makings of an accounting software system.

This article is designed to describe the core and non-core modules that make up an accounting software solution. This will help you start to think about how accounting software products are made and which modules you require and which you don't.

What are the Core Accounting Software Modules:

General Ledger - This is the part of the accounting software that creates the company books. It effectively takes all of the financial activity of the business and summarises into a simple to understand set of accounts. This is very valuable for quick and simple end year financial reporting.

Accounts Payable - this is the opposite of accounts receivable. It is an accounting module that allows the user to track transactions to suppliers for goods and services purchased. In order to manage finances well it is critical that outgoings are checked and well managed.

Accounts Receivable - in essence this tracks money that is payable to you and helps you process the receipt of payment. This type of module is essential in any business taking money. As cash flow is the life blood of any small business collecting owed money is the most essential part of business. Hence this accounting modules importance!

Inventory System - Gives general information of the quantity of stocks within the business and where they should be located. I would say this is only core for a retail business or businesses in based on selling physical stock. (If you are a services business or an electronic trader this module is not required.)

What are the Non-Core Accounting Software Modules:

Payroll - This accounting module allows a business to be able to successfully manage the payment management to staff within the business. Everything from wages, bonuses, holidays, time in lieu is able to be dealt with quickly and effectively in one system. This is obviously very useful for businesses with a large scale employee base.

Electronic Banking - This gives you the ability to link you accounting software solution to your business bank account. This allows you to have up to the minute accurate financial information in your accounting software but also allows you to make financial changes in one place

Fixed Assets - This acts as a register for you to store all of your fixed assets and equipment. This module simply allows you to keep on top of what assets you have within your business and what equipment is used.

Time Billing - Able to track the time spent and expenses occurred on each client. Very useful for service related businesses that need to keep a tight grip on time spent per client.

Job Costing - This is very useful for project based businesses. It allows you to store all of the expenses, income and profitability of all jobs taken on by the business. It can be very difficult when a business is taking on several multiple jobs at any one time to separate the profitability of each job. But it is very important to do so in order to ensure that the business continues to take on profitable business and limit non profitable business.

It goes without saying that the more of these modules an accounting software system has the more expensive it will be. It is therefore very important to ensure that you only purchase an accounting software solution that fits your business. There is no point paying for payroll within your accounting software solution if you have no staff or inventory management if you are a service trader. Think carefully about both your business requirements and the modules that you require and you will get a good product that will drive value in your business.

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Small Business Accounting Sofware - What Modules Are Essential When Buying Accounting Software? - Business - Small Business

There are many different accounting software products available in the open market. Choosing the right package can be a confusing and daunting task if you are uncertain about what you should be looking for. With so many accounting software products to choose from the question of business requirements is becoming ever more important. Any business that is looking to invest in accounting software needs to think about what their requirements are before starting to look at specific products. By doing this thinking the small business owners give themselves a better chance of getting a product that matches their business requirements and cost budget. Unfortunately many owners of small businesses are unaware of their business requirements and more specifically the makings of an accounting software system.

This article is designed to describe the core and non-core modules that make up an accounting software solution. This will help you start to think about how accounting software products are made and which modules you require and which you don't.

What are the Core Accounting Software Modules:

General Ledger - This is the part of the accounting software that creates the company books. It effectively takes all of the financial activity of the business and summarises into a simple to understand set of accounts. This is very valuable for quick and simple end year financial reporting.

Accounts Payable - this is the opposite of accounts receivable. It is an accounting module that allows the user to track transactions to suppliers for goods and services purchased. In order to manage finances well it is critical that outgoings are checked and well managed.

Accounts Receivable - in essence this tracks money that is payable to you and helps you process the receipt of payment. This type of module is essential in any business taking money. As cash flow is the life blood of any small business collecting owed money is the most essential part of business. Hence this accounting modules importance!

Inventory System - Gives general information of the quantity of stocks within the business and where they should be located. I would say this is only core for a retail business or businesses in based on selling physical stock. (If you are a services business or an electronic trader this module is not required.)

What are the Non-Core Accounting Software Modules:

Payroll - This accounting module allows a business to be able to successfully manage the payment management to staff within the business. Everything from wages, bonuses, holidays, time in lieu is able to be dealt with quickly and effectively in one system. This is obviously very useful for businesses with a large scale employee base.

Electronic Banking - This gives you the ability to link you accounting software solution to your business bank account. This allows you to have up to the minute accurate financial information in your accounting software but also allows you to make financial changes in one place

Fixed Assets - This acts as a register for you to store all of your fixed assets and equipment. This module simply allows you to keep on top of what assets you have within your business and what equipment is used.

Time Billing - Able to track the time spent and expenses occurred on each client. Very useful for service related businesses that need to keep a tight grip on time spent per client.

Job Costing - This is very useful for project based businesses. It allows you to store all of the expenses, income and profitability of all jobs taken on by the business. It can be very difficult when a business is taking on several multiple jobs at any one time to separate the profitability of each job. But it is very important to do so in order to ensure that the business continues to take on profitable business and limit non profitable business.

It goes without saying that the more of these modules an accounting software system has the more expensive it will be. It is therefore very important to ensure that you only purchase an accounting software solution that fits your business. There is no point paying for payroll within your accounting software solution if you have no staff or inventory management if you are a service trader. Think carefully about both your business requirements and the modules that you require and you will get a good product that will drive value in your business.

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Shaw Capital Management Factoring: Oil Scarcity and its impact on the Global Economy - News - Business News

TUESDAY, 03 MAY 2011 10:11WRITTEN BY GLEN ASHER

In the latest edition of the International Monetary Fund's World Economic Outlook publication, the IMF dedicates a chapter entitled "Oil Scarcity, Growth and Global Imbalances" to an examination of the world's oil markets and the impact of growing oil scarcity on the world's economy. In this document, the IMF seeks to answer the current status of oil scarcity, how oil scarcity will impact the global economy and how oil scarcity will impact economic policies around the world.Now that the price of both Brent and West Texas Intermediate seem solidly positioned above $100 per barrel for the first time since 2008, this is a timely study. Demand for oil has risen and, for some major consumers such as China, consumption levels have reached new records. Since oil is central to the world's economy, the impact of oil price volatility is key to economic growth and security. While oil prices have risen and fallen over the past 4 decades, it is only now that the issue of looming oil sc arcity is becoming increasingly discussed.The authors of the report believe that the world is, in fact, reaching a point of increasing oil scarcity. Demand from emerging economies is acting in concert with decreasing levels of growth in supply resulting in increasing tension in the world's oil markets. The IMF distinguishes between an absolute drop in supply (decreasing absolute daily oil production level) and a drop in the level of oil supply growth. If oil supply growth were to drop by one percentage point, annual global economic growth would slow by an annual rate of one-quarter of a point over the medium to long term. On the other hand, a steady decline in absolute oil supply levels would have a much greater negative impact on the global economy even if there is an increase in substitution of other energy sources in the place of oil. As well, the pace of the rise in oil scarcity will also affect the level of impact on the world's economy; should there be sudden downward trends in supply, the economic impact will be far greater than if supply constraints were gradual.Let's start by looking at the concept of oil scarcity and the extent of the issue. To put the importance of oil to the worlds economy into perspective, oil is a key factor in production and transportation and is the world's most widely traded commodity with world exports averaging $1.8 trillion annually over the years 2007 to 2009, about 10 percent of global exports. Oil prices generally follow the economic law of supply and demand. When demand rises, if the supply is steady, prices will generally rise which will ultimately result in both an increase in supply and a drop in demand. The price of oil generally reflects the opportunity cost of bringing an additional barrel of oil to the market place. In general and over time, a high price generally implies that oil (or any other commodity) either is (or is anticipated to be) scarce while a low price generally implies abundance. Sho rt term market fluctuations can occur that will lead to price spikes such as those seen in the 1970s OPEC embargo or the Gulf War in 1991 when the price spiked to just over $40 per barrel from just under $10 per barrel just five years earlier. Over the longer term, oil price changes generally appear to be relatively smooth with a gentle rise prior to the rapid rise and fall in 2008 - 2009 which reflected issues in the world's economy rather than oil market macroeconomic factors.The concept of oil scarcity is a contentious one. Many authorities in the oil industry now acknowledge that the world may well be entering a point of supply constraints. The decline in oil availability reflects the constraints placed by nature on the ability of the industry to profitably explore for and produce reserves. When prices are low, the oil industry generally reduces capital expenditures which places downward pressures on supply. On the other hand, mounting oil prices have resulted in technol ogical advancements that have impacted industry's ability to bring certain reserves to market, for example, the advent of both deep water drilling and multi-stage hydraulic have allowed the industry to invest in higher risk/lower productivity play types. It is the widespread use of enhanced technology that is now depressing natural gas prices in North America where both horizontal drilling and multi-state fracking have resulted in an oversupplied natural gas market.The scarcity of oil is also related to the properties of the commodity. Oil has unique physical properties that make substitution difficult, particularly in the chemical industry where it forms the feedstock for many of the items that we use in our daily lives. If substitutes for oil for these products were found, oil supply constraints would have less of an impact on prices since rising demand for the substitute would dampen oil price volatility.One of the fundamental factors that impacts the world's economy is t he fact that oil is the world's most important source of primary energy with over 33 percent of the world's total with coal accounting for 28 percent and natural gas accounting for 23 percent. In recent years, the world has experienced increased rates of growth in energy consumption, particularly from China who is now the world's number one overall energy consumer. For the foreseeable future, growth in China's economy will be the primary driver of increases in global energy use. In general, the world's developed economies (OECD nations) expand with little increase in energy usage, however, those non-OECD nations in lower income countries have a one-to-one relationship between economic growth and energy usage

Given the one-to-one relationship noted above, the IMF forecasts that China's energy consumption is predicted to double by 2017 and triple by 2035 in comparison to its 2008 level. In 2000, China consumed 6 percent of the world's overall oil consumption, this rose to nearly 11 percent in 2010 with coal accounting for 71 percent of total energy consumption and oil for 19 percent.The IMF study also examined the elasticity of oil. Elasticity is defined as "...the ratio of the percent change in one variable to the percent change in another variable. It is a tool for measuring the responsiveness of a function to changes in parameters in a unitless way..." The IMF found that an oil price increase of 10 percent leads to only a 0.2 percent reduction in demand (low elasticity). Over a longer term of 20 years, that 10 percent price increase reduces demand by only 0.7 percent, a very insignificant amount. When looking at oil demand based on income, over the short-term, a 1 percent inc rease in income results in a 0.68 percent increase in oil demand; this drops to 0.29 percent over the longer term. This is far lower than the increase in demand for total energy consumption meaning that as incomes rise, over the short-term, people increase their demand for oil but over the longer term, while their demand for all energy sources increases, they substitute other fuels for oil. It is interesting to note that the demand for oil among the developed nations of the OECD changes very little when the price of oil rises when compared to the demand of non-OECD nations. This is likely because during the oil price shocks of the 1970s and 1980s, nations such as the United States and France switched from oil to other means of power generation such as coal and nuclear. The economies of the more developed nations are somewhat more immune from increases in the price of oil since their power generation does not require the use of oil. The same cannot yet be said for those natio ns with less mature economies who still rely more heavily on oil.What impact will increasing oil scarcity have on the global economy? Strong and increasing oil demand is expected from emerging market economies where rapid income growth is being experienced. Since oil production appears to have reached a plateau over the past decade, supply and demand could well fall out of balance. As I noted above, even a drop in the average growth rate of oil production (not a drop in the absolute level of oil production) will have an impact on the world economy. To put the following scenarios into perspective, oil production has grown at a historical rate of 1.8 percent annually.Now let's look at two of the IMF oil scarcity scenarios:1.) Oil production growth drops by a persistent 1 percent annual growth rate: In this case, an immediate oil price spike of 60 percent is predicted by the IMF models. Over a 20 year period, a 200 percent increase in the price of oil is predicted. This will re sult in a massive wealth transfer from consuming nations to exporting nations and will result in a much lower GDP for oil importers that is at least partially offset by a higher GDP for oil exporting nations. On the upside, increased demand for goods from oil importers results in increased exports of these goods by the wealthier oil exporting nations. Overall, the IMF feels that global economic growth is slowed by less than one-quarter of a percent annually over the medium and long term if oil production growth slows gradually. 2.) Oil production growth drops by a persistent 3.8 percent annual growth rate: This scenario is more closely related to scenario anticipated by the proponents of "peak oil". In this case, an immediate oil price spike of 200 percent is predicted by the IMF models. Over a 20 year period, an 800 percent increase in the price of oil is predicted. Price changes of this magnitude have never been experienced by the world's economy and the impact would make it very difficult to carry out monetary policy. The economies of emerging Asia would be highly impacted since their economic growth is at a one-to-one ratio with energy usage. As well, the economies of those nations that have weak links to oil exporting nations, such as the United States, would be highly impacted. It is likely that if oil output decreased substantially, oil exporting nations might well reserve an increasing share of their production for domestic use, shrinking the amount of oil available for the world's oil markets. This could have the ultimate result of shrinking the world's supply of oil far faster than would normally be anticipated. A persistent decline in oil production growth of this size would result in larger current account imbalances (exports minus imports) among nations with oil importing nations experiencing a 6 to 8 percentage point drop in GDP over the long term.The state of oil scarcity can be mitigated by changes in government policy toward th e development of sustainable sources of energy, particularly among nations that are net importers of oil. Changes in policy will also be required for nations that use subsidies to keep energy costs reasonable for their citizens. As oil scarcity results in higher prices, the fiscal cost of fuel subsidies could overwhelm the fiscal situation of these governments. Removing such subsidies has often resulted in civil unrest, however, on the other hand, the reduction in subsidies would also allow market forces to work their way through the system to reduce demand as prices rise. In place of subsidies, these governments will need to implement an enhanced social safety network to ensure that their citizens do not face increased poverty.Governments around the world face a conundrum; by ignoring the issue now, the world's addiction to oil continues to rise unabated. By acting too soon to curtail oil consumption through the use of policy interventions, the world's economy could be thro wn into a premature economic malaise. Since the scarcity of oil is a global problem, it is critical that governments throughout the world act in a cooperative manner to ensure that the ultimate outcome is one that is advantageous to all of us. The sooner that action is taken, the better for everyone.

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Zhejiang financial operation overall keep stablely - Business

Reporters today from the people's bank hangzhou central subbranch of the previous three quarters of this year to lead held the economic and financial situation analysis meeting that, since this year, the financial institutions and loan growth slowdown, input structure continues to improve, the overall financial running smoothly.

According to introducing, the first nine months of the year, zhejiang province new financial institutions fixed deposit of 556.72 billion yuan, an increase of 281.99 billion yuan less, deposit balance year-on-year growth of 12.1%, the growth in the first half and the same period last year than dropped 6.3 and 9.5% respectively.

At the same time, the steady monetary policy effect continue to appear, zhejiang financial institutions mortgages moderate growth, growth dropped from month to month present situation. By late September, the financial institutions new loans 513.42 billion yuan, an increase of 121.93 billion yuan less, the loan balance year-on-year growth of 14.1%, year-on-year growth in the first half and than were down 1.2 and 5.6%.

In total loans moderate growth at the same time, "have helped have accused of" credit policy in zhejiang effectively carry out, the supply of credit highlight, the structure is optimized. One is to continue to focus on the real economy. January to September, the foreign currency denominated loan manufacturing new 197.28 billion yuan, accounting for 38.8% of all loans increment, a proportion of 5.1% year-on-year increase; Wholesale and retail foreign currency denominated loan new 97.07 billion yuan, accounting for 19.1% of all loans increment, a proportion of 10% increase over the same period. From the term structure of see, meet the demand of the enterprise capital flow of short-term loans than rising. Late September, the short-term loans year-on-year growth of 18.9%, higher than the long-term loan growth of 11.2%; Than at the new 405.6 billion yuan, accounting for 79.0% of the growth in the loan, up 17.6%. 2 it is small and medium-sized enterprise loan growth sharply. Jan uary to September, the small and medium-sized enterprise loan increased by 268.92 billion yuan, accounting for 85.0% of the growth in loan all enterprise; Among them, to small businesses the support strength is more outstanding. January to September, small business loans increased by 160.53 billion yuan, accounting for 50.8% of the growth in all business loans, up 2.9%.

The meeting noted that, the province's financial institutions to firm the confidence, to respond calmly and conscientiously implement the prime minister wen jiabao of zhejiang important speech spirit, continue to correct carry out the steady monetary policy, keep society financing scale reasonable growth and improve the credit structure, make great efforts to improve for small and medium-sized enterprises of the financial service level, and to strengthen the financial risk monitoring and control, ensure that financial effectively support economic transformation and upgrade. All financial institutions to optimize the credit structure, increase the credit to small and medium-sized enterprises in the current funding efforts work the outstanding position, and endeavor to grow in small and medium enterprise credit amount, ensure that small and medium-sized enterprise loans and small micro enterprise loans in the proportion of all business loans are rising, small and medium-size d enterprise loans and small micro enterprise lending growth are higher than the full loan growth. To small and medium enterprises to optimize credit, combined with the small and medium enterprise "growth to breed" project, give priority to entrepreneurial type, innovative, extroversion, supporting type, type brand small and medium-sized enterprises, especially the capital requirements of small enterprises and increase investment in high and new technology industry, energy conservation and environmental protection industry, modern service industry of the small and medium-sized enterprise credit supply, focus on the emerging industry development, the sea strategic economic development demonstration area construction, zhoushan islands new city construction and yiwu international trade comprehensive reform pilot field of middle and small enterprises related financial support. To deepen the small and medium-sized enterprise financial product innovation, to small and medium-sized enterprise financial service center construction of high-quality curriculums, and promote small and medium-sized enterprise financial institutions system platform, investment and financing trading platform, financial innovation platform, local financial resources rallying platform, financial services security platform "five platform construction, promote the development of small and medium-sized enterprises diversified financial services. To small and medium-sized enterprises in view of the current production and business operation and capital demand characteristic, vigorously promoting financial products and service mode innovation, the integrated use of credit loans, LianBao loans, touch pledge loan, etc DuoZhong ways to support small and medium enterprise development.

Meeting demand the financial institutions truly standardize their own business activities, strengthening social sense of responsibility. All financial institutions should fully consider the enterprise bear ability and in production and management, the active concessions in the enterprise; To conform to the state industrial policy and credit policy requirements, development prospect and credit is good but temporary have difficulty enterprise, loan interest rates rise less as far as possible or not rise, and make sure that "six may not" : not in lending illegal conduct financial transactions, sell when the fund, insurance and other products; In disguised form shall not charge unreasonable fees; Shall not collect unreasonable loan consultation, financial advisers among such as business charges; In disguised form shall not be raised interest rates; To increase the saving and not need a loan enterprise not finish reasonable rewards, or will suck escrow expenses on to loan enter prise; May not take pressure ticket, such as limit transfer by means of unfair competition in business.

The meeting also required the financial organization to strengthen the financial risk monitoring and control, ensure that economic and financial running smoothly. All financial institutions should through the DuoZhong way promptly satisfy the small and medium enterprise normal rational financial needs of enterprise to differentiate between financial difficulties, not smoke at the loan, the pressure lending, prevent spread risk and spread. At the same time, to strengthening credit capital flow and loan USES of the monitor and management, ensure that credit funds to really entity economy, prevent the credit funds for investment in the main business and virtual economy, it is strictly prohibited to credit capital into folk lending

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