Accounting Practice

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January 1, 1 6 min read Definitions

Banker's Year Financial Calculations Interest Accrual Proration of Expenses Standardization Accounting Practice 360-Day Year Real Estate Finance

The Banker's Year is a convention that standardizes the length of a month at 30 days and of a year at 360 days for ease of financial calculations, simplifying the handling of interest and other financial computations.