CHARGE-OFF
A company’s expenditure as indicated in its income statement, less net income. Generally speaking, firms estimate its charge-off expenses which might be incurred in the current time period based on its previous records. This will fall under of the following classifications:
- Debt considered uncollectible by the company and is subsequently written off. This will classified as bad debt expense on its income statement and will be excluded in the balance sheet.
- Possible one-time extraordinary expense a firm incurred which negatively affects earnings, resulting to writing-down some of its assets. Write-down emerges due to impairments of assets.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:30 | PMI Manufacturing | Oct | |
| 02:30 | ANZ Jobs Advertisements | Oct | |
| 02:30 | Building Approvals | Sep | |
| 03:45 | Markit Final Manufacturing PMI | Oct | |
| 07:30 | Commodity Prices | Oct | |
| 09:00 | Retail Sales | Sep | |
| 09:33 | Retail Sales | Sep | |
| 10:15 | PMI Manufacturing | Oct | |
| 10:30 | Procure PMI Index | Oct |
