Roflnadal

I read "should" as a bit stronger than a recommendation only, but who knows:
1.B.3 Accrual account SHOULD be used for dividends (as of the ex-dividend date).

cfa.teme has it right. when a stock trades ex, the px drops by the dividend. that divi is owed to a long holder, it's like a receivable that *should* be accrued starting on ex date until payable. if anyone else stumbles on the wording again, keep posting it here. FI is for sure accrual, equity then is a "should"... umm, yeah. it's so clear now.

mik82

bannisja Wrote:
-------------------------------------------------------
> I read "should" as a bit stronger than a
> recommendation only, but who knows:
> 1.B.3 Accrual account SHOULD be used for dividends
> (as of the ex-dividend date).
>
> cfa.teme has it right. when a stock trades ex,
> the px drops by the dividend. that divi is owed
> to a long holder, it's like a receivable that
> *should* be accrued starting on ex date until
> payable. if anyone else stumbles on the wording
> again, keep posting it here. FI is for sure
> accrual, equity then is a "should"... umm, yeah.
> it's so clear now.


Should is an encouragement, but not a requirement.

Everyone "should" show up to work on time, but sometimes traffic is worse than usual.

NO EXCUSES

Unforseen

^ the irony of your post is the NO EXCUSES. nice.