FINANCIAL SHENANIGANS
Acts that are designed to mask the true financial performance or position of a company. Financial shenanigans can range from relatively minor infractions involving creative interpretation of accounting rules to outright fraud over many years. In almost every instance, the revelation that a company’s stellar financial performance has been due to financial shenanigans rather than management prowess will have a calamitous effect on its stock price and future prospects. Depending on the scale and scope of the shenanigans, the repercussions can range from a steep sell-off in the stock to the company’s bankruptcy and dissolution.
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Generally Accepted Auditing Standards - GAAS
Set of systematic guidelines for auditing private firms, specifically their finances, to ensure accuracy, consistency, and validity of auditors&rsq ...
Hamada Equation
A technique of analyzing the cost capital of a firm as it uses additional financial leverage, and how that relates to the overall riskiness of the ...
PAB
It is basically the abbreviation for the Panama Balboa in terms of currencies.
Russell 3000 Value Index
An index based on the Russell 3000 Index, measuring how U.S. stocks in the equity value segment perform. Included in the Russell 3000 Value Index a ...
Dry Bulk Commodity
Commodity transported in its raw form, and in huge, unpackaged amounts. Many delivery companies specialize in such delivery, which is divided into ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:30 | PMI Manufacturing | Jul | |
| 03:00 | MI Inflation Gauge | Jul | |
| 03:30 | ANZ Jobs Advertisements | Jul | |
| 03:45 | Markit Final Manufacturing PMI | Jul | |
| 07:00 | Consumer Confidence | Jul | |
| 08:00 | Retail Sales | Jun | |
| 08:30 | Retail Sales | Jun | |
| 08:30 | CPI | Jul | |
| 09:15 | PMI Manufacturing | Jul |
