24/7 Wall St.
05-08-2009, 06:43 AM
24/7 Wall St. Daily News
Most company budgets and some prepared by governments have a place to park unidentified expenses. Those amounts are a hedge against unexpected needs for capital, and are often called “rainy day” funds. Budgeting purists and accountants object to these rogue figures because, in their disciplines there is no such thing as an unaccounted for account. Details [...]
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Most company budgets and some prepared by governments have a place to park unidentified expenses. Those amounts are a hedge against unexpected needs for capital, and are often called “rainy day” funds. Budgeting purists and accountants object to these rogue figures because, in their disciplines there is no such thing as an unaccounted for account. Details [...]
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