LIFO RESERVE
Difference between the First In, First Out (FIFO) inventory and Last In, First Out (LIFO) inventory in accounting. The figures signify the amount of a company’s taxable income has been reduced by using LIFO method in its financial statements rather than FIFO accounting method. The LIFO reserve increases as the prices of the product rises, too, as noted in the balance sheet. To ensure accuracy, this is calculated by the time they adopted the LIFO method.
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An individual who is legally appointed to hold assets in trust for another person. He or she manages the assets for the other person’s benefi ...
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Metric showing the current status of economic activity within a certain area. Indicators include employment, average weekly hours worked in manufac ...
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A mortgage with a loan amount that exceeds the conforming loan limits fixed by the Office of Federal Housing Enterprise Oversight (OFHEO). The agen ...
Form 4
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:00 | Mid-Year Economic and Fiscal Outlook | ||
| 02:01 | Rightmove House Prices | Dec | |
| 04:00 | Fixed Asset Investment | Nov | |
| 04:00 | Industrial production | Nov | |
| 04:00 | Retail Sales | Nov | |
| 04:00 | Unemployment Rate | Nov | |
| 04:00 | NBS Press Conference | ||
| 06:30 | Tertiary Industry Index | Oct | |
| 09:00 | Wholesale Price Index | Nov |
