Have you ever seen a movie about Wall Street where the investors are running around with bits of paper in hand, shrieking over one another? If you're like us, you've wondered how anyone keeps track of all those trades on scraps of paper...and evidently, other people did too.
The Broker Booth Support System is an electronic system designed to replace those paper slips. Operated from inside trading booths, Brokers enter all trade information into the system in real-time. It makes it easier to track sales of shares (if, for instance, it's been traded several times in rapid succession) and makes it easier to resolve disputes. There's even a handheld version introduced by the New York Stock Exchange for the more ADHD traders that need to move around a lot.
Occasionally, when the system goes down, traders have to resort to the old confetti system, but for the most part, the BBSS makes trading easier. And we'd have to think the person sweeping the floor at the end of the day has an easier job now too.
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Finance: What is AICPA?6 Views
Finance a la shmoop what is the AICPA alright people when you think wild and [People dancing in a club]
crazy parties rock stars jumping into swimming pools from the seventh floor [Man jumps off rooftop into swimming pool]
teenagers in skimpy swimsuits running down the halls of hotels you don't think
of the AICPA why because it stands for the American Institute of Certified
Public Accountants and their parties are just different [Group of people sipping cocktails]
yeah the AICPA is responsible for setting US accounting standards it
sets ethical standards so there isn't a CPA somewhere writing off weekly [Roosters preparing to fight]
trips to a cockfighting arena as, you know travel expense it sets all kinds of
professional standards as well like common tax practices, financial statement
auditing practices and quality control for accounting firms so that no matter
which accounting office you visit the coffee in the lobby can't be cold [Man drinking coffee]
come on AICPA you can do better than that all right well the AICPA also puts
together and grades the exam you have to take if you want to become one of those [Boy studying for exam]
accountant people the uniform CPA exam ...Fail to pass that
baby and you may only be able to get a job counting actual beans not the [Man counting beans on conveyor belt]
financial ones so yeah the AICPA is the wizard behind
the curtain of the world of CPA-ing certified public accounting yeah they're
they're just concerned with a different kind of green like AC/DC green [Man singing AC/DC into microphone]
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