COOKIE JAR ACCOUNTING
Questionable accounting act in which companies use reserves to shore up profits in lean year. This is done in order to smoothen volatility in its financial results. Such practice misleads investors because firms misrepresent its true performance, which makes its operations seem more consistent that it really is. The term stems from the fact a company dips into its "cookie jar" of reserves to smooth out its earnings.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | CBI retail sales volume balance | Apr | |
| 01:01 | BRC Shop Price Index | Apr | |
| 01:30 | Unemployment Rate | Mar | |
| 05:04 | BoJ MPC Interest Rate Announcement | Apr | |
| 05:04 | Monetary Policy Meeting Minutes | ||
| 05:04 | BOJ Outlook Report | ||
| 07:00 | BOJ Core CPI | Mar | |
| 08:30 | Bank of Japan Press Conference | ||
| 09:00 | Unemployment Rate | 1 quarter |
