CLOSING ENTRY
FInal bookkeeping entry logged at the end of an accounting period, which is used to transfer income statement accounts and expense items to the balance sheet accounts. It is intended for bringing the temporary journal account balances to zero for the next period in order to keep reconciling the accounts.
POPULAR TERMS
Financial Modeling
A method of constructing a financial representation of all aspects of a firm or given security. It is typically characterized by performing calcula ...
Cost Center
Department, division, or unit within an organization responsible for providing additional funding to cover operation costs. It only contributes to ...
Xenocurrency
Xenocurrency refers to a currency which is trading in foreign markets such as those outside its domestic boundaries.
Hope Credit
A nonrefundable education tax credit that may be claimed for students that have yet to complete two years of post-secondary education. The Hope Cre ...
Specific Risk
Specific risk is also known as ‘unsystematic or diversifiable risk’. It is the risk that influences only specific assets which means th ...
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SEE FOREX TUTORIAL
Digesting Financial Statements: Revenue
When it comes to reporting revenue, companies should pinpoint the perilous revenues, match reported revenues to the money at hand, and analyze and ...
Featured Investment: Annuity
Featured Investment: Annuity
Investments are what trading is all about. And knowing about the various a ...
An Introduction to Insurance
Most people in the world own insurance. Insurance take a lot of forms such as medical insurance, automobile insurance, and the most common of them ...
An Introduction to Ethical Investing
Ethical investing is, simply put, investing while taking into consideration your personal beliefs or your ethics. Because it is personal, it means ...
Inflation and Investments
“How does inflation affect my investments?”
Most investors ask this question, particul ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:30 | PMI Manufacturing | Mar | |
| 02:30 | Tertiary Industry Index | Mar | |
| 02:30 | PMI Composite | Mar | |
| 10:15 | PMI Manufacturing | Mar | |
| 10:15 | PMI Services | Mar | |
| 10:15 | Composite PMI | Mar | |
| 10:15 | Composite PMI | Mar | |
| 10:30 | PMI Manufacturing | Mar | |
| 10:30 | PMI Services | Mar |
