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Fibonacci retracement levels are widely used in technical analysis for financial market trading. Since the conversion factor 1.609344 for miles to kilometers is close to the golden ratio, the decomposition of distance in miles into a sum of Fibonacci numbers becomes nearly the kilometer sum when the Fibonacci numbers are replaced by their ...
The accounting equation is a statement of equality between the debits and the credits. The rules of debit and credit depend on the nature of an account. For the purpose of the accounting equation approach, all the accounts are classified into the following five types: assets, capital, liabilities, revenues/incomes, or expenses/losses.
For example, $225K would be understood to mean $225,000, and $3.6K would be understood to mean $3,600. Multiple K's are not commonly used to represent larger numbers. In other words, it would look odd to use $1.2KK to represent $1,200,000. Ke – Is used as an abbreviation for Cost of Equity (COE).
Financial accounting reports the results and position of business to government, creditors, investors, and external parties. Cost Accounting is an internal reporting system for an organisation's own management for decision making.
Fibonacci was born around 1170 to Guglielmo, an Italian merchant and customs official. [3] Guglielmo directed a trading post in Bugia (Béjaïa), in modern-day Algeria. [16] Fibonacci travelled with him as a young boy, and it was in Bugia (Algeria) where he was educated that he learned about the Hindu–Arabic numeral system. [17] [7]
Fibonacci retracement is a popular tool that technical traders use to help identify strategic places for transactions, stop losses or target prices to help traders get in at a good price. The main idea behind the tool is the support and resistance values for a currency pair trend at which the most important breaks or bounces can appear.
The trading statement is an expanded version of sales portion of the Income statement. The trading statement's main objective is to determine sales, cost of sales and gross profit . [ 1 ] The trading statement is part of effective book keeping within the accounting discipline .
Product Control is a control and support function, responsible for ensuring accurate financial reporting for trading, lending and treasury desks. [1] [2] The function is an important risk management element within investment banking, and is also often employed by corporate treasuries, hedge funds, and more recently, crypto trading firms.