Dividend and Interest Accrual
Many trading firms, especially ones that are not self-clearing, use prime brokerages to maintain accounting books and records on the trading firm’s behalf. Accrual accounting is used: items are recognized when they are earned and expenses recognized when they are incurred. Because accrued-based accounting is used, in some cases accruals are set up in theRead more about Dividend and Interest Accrual[…]
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