ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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FIXED CHARGE RATIO Definition
FIXED CHARGE RATIO is calculated: total fixed costs/total expenses.
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FORWARD INTEREST RATE AGREEMENT is where two entities agree to a fixed interest rate in the future. If the actual rate is different than the fixed rate, one party will pay the other party the present value of the difference between the interest cash flows. Essentially the two entities are gambling on which way the interest rate of an index will change. These contracts are not traded on an established exchange but rather are private contracts between parties.
POST is the transfer of accounting entries from a journal of original entry into a ledger book, in chronological order according to when they were generated.