Book Transfer.

When you book a transfer, you are essentially booking a spot in line for the transfer of funds. The funds will be transferred from one account to another, but the timing of the transfer may be delayed depending on the availability of funds and the processing time of the banks involved. What is a bank … Read more

Level 3 Assets.

In accounting, Level 3 assets are those assets that are the most difficult to value. This is due to the fact that there is typically less market information available for these assets. As a result, Level 3 assets are typically valued using a model that relies heavily on assumptions. Some examples of Level 3 assets … Read more