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Discretionary spending requires an annual appropriation bill, which is a piece of legislation. Discretionary spending is typically set by the House and Senate Appropriations Committees and their various subcommittees. Since the spending is typically for a fixed period (usually a year), it is said to be under the discretion of the Congress.
A discretionary investment account is one in which your broker can make trades independently, or at their own discretion, without seeking your approval first. A non-discretionary investment ...
In American public finance, discretionary spending is government spending implemented through an appropriations bill. [1] This spending is an optional part of fiscal policy , in contrast to social programs for which funding is mandatory and determined by the number of eligible recipients. [ 2 ]
If the component in the earnings is non-persistent (i.e. unusual, non recurring items) this will result in lower ERC. Accruals quality: The manager has considerable control over the amounts and timing of accruals. If the manager uses this control over accruals to influence the amount of reported net income, they are called discretionary ...
Discretionary spending is non-essential spending that isn't mandatory for your basic needs like shelter, food, healthcare, work and personal care. Many expenses are essential, but discretionary...
Accrual accounting in the public sector is a method to present financial information on government operations. [1]: 45 [2]: 3 Under accrual accounting, income and expenditure transactions are recognized when they occur, regardless of when the associated cash payments are made.
Here's a comparison of fixed expenses vs. variable expenses to help you budget efficiently. ... they are discretionary purchases that can be altered or eliminated without a significant impact to ...
The difference between discretionary and non-discretionary accounts is critical, but very few individual investors even know this difference exists. The biggest difference is that with a ...