ABSORPTION COSTING
A cost method in managerial accounting which expenses all of the costs associated on a particular product’s manufacturing. Absorption costing employs the overhead costs and direct costs associated with a product's manufacturing process as the cost base. GAAP (Generally accepted accounting principles ) requires absorption costing for the external reporting.
POPULAR TERMS
Overwithholding
A term which refers to an excess amount of tax being withheld for an employee. It will be sent back as a refund to the taxpayer after he or she fil ...
Car Title Loan
Short-term loan where the borrower’s vehicle serves as the collateral. The borrower as the lien holder, the loans normally last for less than ...
Bill Announcement
Usually published by the US Treasury Department telling where and when will be the next bill auction. It outlines the next bill auction.
Foreign Fund
A fund that invests in companies outside the country of residence of an investor.
Indexed Earnings
Previous salaries or earnings that have been modified for changes in the overall wage level in the economy according to a specific index. These are ...
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It’s almost done! With just a few steps away, the house that you have been dreaming of will be yours.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 05:00 | Credit Card Spending | Aug | |
| 12:00 | Bundesbank Monthly Report | ||
| 14:30 | New Housing Price Index | Aug | |
| 16:00 | Federal Reserve Chairman Jerome Powell Speaks | ||
| 16:00 | Federal Reserve Chairman Jerome Powell Speaks | ||
| 16:00 | FOMC Member Randal K. Quarles Speaks | ||
| 16:00 | FOMC Member Lael Brainard Speaks | ||
| 18:00 | FOMC Member Lael Brainard Speaks | ||
| 18:00 | FOMC Member Lael Brainard Speaks |
