The term financial education refers to the education of professionals who are trained in the financial services industry to provide financial information, but do not actually hold an accountant or finance degree.
In practice, financial education can include training in financial accounting, investment management, financial risk management and debt-based investing, but this does not necessarily mean that these courses are necessarily related to financial accounting.
In fact, most of these courses teach the skills of both finance professionals and financial analysts.
The difference between the two is that the former have the expertise to understand financial transactions, while the latter can be more easily employed as analysts.
Financial education in Australia is primarily offered by the Reserve Bank of Australia (RBA), but the profession also has a number of other organisations, including the Financial Services Council of Australia, the Australian Financial Analysts Association and the Financial Education Council of New Zealand.
Financial Education for All The National Financial Education Association (FEEA), the trade body representing financial education providers in Australia, has published guidelines on financial education.
In the FEEA’s latest publication, Financial Education: A Guide for Practitioners and Teachers, financial analyst and financial education provider John Brown recommends that all financial education programs should focus on the areas of financial analysis, risk management, and financial taxation.
He adds that these should be complemented by other financial education courses and training.
“Financial education should be focused on providing a foundation of knowledge to enable practitioners to work in their own professional interests and have confidence in their ability to do the job, given the skills required for the position,” Mr Brown says.
In his views, this is similar to the way in which people in financial services are trained to become financial analysts or accountants, and this is not unique to financial education in this country.
“The focus of these careers is to be able to make a profit by providing services that support the value chain of businesses and organisations and enable them to grow and prosper,” Mr Cook says.
The key difference is that financial analysts and financial educators are not currently employed as part of a regular workforce.
Rather, they are paid a fee by financial institutions and other organisations to provide services to financial institutions.
In many instances, they also receive a commission for providing their services, and the FCEA has published information on how to report this.
The Financial Industry Regulatory Authority (FINRA) is the regulator for the financial education industry.
Its website provides more information about financial education, including guidance on what constitutes financial education; how to get training; and how to access financial education funding.
In some cases, this funding is tied to the level of expertise of the financial analyst, and in other cases, the level and type of training required.
The most common reason given by financial analysts for not being employed as financial analysts is that they have not been paid for their services.
This has not always been the case.
The FEEa recommends that financial education training providers and their employees be paid on a salary basis, and that this is reflected in their compensation package.
Mr Cook also recommends that the FEA create an industry standard for financial education services, including that a financial analyst’s salary should reflect the level that they are employed in and their experience.
He says that the industry needs to make financial education available for all and not just those who are well-versed in the industry.
“This is a critical step for the industry to ensure that everyone has access to financial products, regardless of their experience and expertise,” he says.
“If this is achieved, we will see more and more financial analysts becoming financial analysts, and more and longer-term financial analysts working in finance.”
Financial Analyst and Financial Education Provider Training The FCEa’s Mr Cook said that while the profession is not yet covered in the same way as a financial accountancy degree, the industry is growing rapidly.
“While financial education is becoming more popular, the financial industry is still small, and it is not expected to grow substantially in the next five to 10 years,” he said.
“There is a lot of scope for the FCA to be more involved with the industry in the future, and I’m sure they will continue to do so.”
Mr Cook added that financial industry professionals should be paid at the same level as those who hold a law degree.
“Some professions are better suited for financial analysts than others.
They tend to have a more advanced understanding of the business and market structure of a particular company, and they also have an ability to think through the various issues of a company, he says, adding that financial analyst training should be based on skills that allow people to make an informed choice about the financial business.
Financial Analyst Training in Australia The National Council of Financial Education (NCFE) is an organisation that represents financial education companies in Australia.
The NCFE publishes a number in the national media each year, including this year’s edition of Money magazine.
The magazine’s coverage focuses on