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Financial Accounting Quotes

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Nine out of ten adult Americans have a checking account. It’s the most widely used financial services product in the United States  (Financial Accounting Quotes) Cash - in savings accounts, short-term CDs or money market deposits - is great for an emergency fund. But to fulfill a long-term investment goal like funding your retirement, consider buying stocks. The more distant your financial target, the longer inflation will gnaw at the purchasing power of your money  (Financial Accounting Quotes) If the American government can’t stand behind the dollar, the world’s benchmark currency, then the global financial system will very likely enter a new era in which there is much less trade and much less economic growth. It would be, by most accounts, the largest self-imposed financial disaster in history  (Financial Accounting Quotes) Wills are trumped by legal titles to real estate or beneficiary designations on financial accounts, retirement plans and insurance policies  (Financial Accounting Quotes) Among other objectives, liquidity guidelines must take into account the risks that inadequate liquidity planning by major financial firms pose for the broader financial system, and they must ensure that these firms do not become excessively reliant on liquidity support from the central bank  (Financial Accounting Quotes) Social security, bank account, and credit card numbers aren’t just data. In the wrong hands they can wipe out someone’s life savings, wreck their credit and cause financial ruin.  (Financial Accounting Quotes) Derivatives in and of themselves are not evil. There’s nothing evil about how they’re traded, how they’re accounted for, and how they’re financed, like any other financial instrument, if done properly.  (Financial Accounting Quotes) Accounting rules give financial institutions flexibility about when they choose to recognize venture capital profits.  (Financial Accounting Quotes) Economics is all about consumption. People either spend money now or they use financial instruments - like bonds, stocks and savings accounts - so they can spend more later.  (Financial Accounting Quotes) Union leaders argue that pension shortfalls account for a proportionally tiny portion of governments’ financial problems, and by all accounts, there are plenty of parties to blame for the growth in payrolls and obligations.  (Financial Accounting Quotes) If women had better access to the financial system - even so much as a basic deposit account at a bank - it would be a major step in the direction of greater wealth and greater economic empowerment.  (Financial Accounting Quotes) No one anticipates divorce when they’re exchanging vows, and it can be devastating emotionally and financially. To ease the financial side of the blow, you need to maintain your financial identity in your relationship. That means having your own credit history - you need your own credit card - and your own savings and retirement accounts.  (Financial Accounting Quotes) A currency serves three functions: providing a means of payment, a unit of account and a store of value. Gold may be a store of value for wealth, but it is not a means of payment. You cannot pay for your groceries with it. Nor is it a unit of account. Prices of goods and services, and of financial assets, are not denominated in gold terms  (Financial Accounting Quotes)