MODIFIED ACCRUAL ACCOUNTING
A method that merges accrual-basis accounting and cash-basis accounting. It recognizes revenues when available and measurable and also, with less exceptions, expenditures when liabilities are added. It divides available funds in separate entities in an organization to make sure the money is being spent where it was really intended.
Also known as modified cash basis accounting.
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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 |
