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Book Closure

   Also found in: Wikipedia 0.01 sec.
Book Closure
The date on which a publicly-traded company announces that a shareholder is entitled to a dividend. Theoretically, only those who own a stock on the announcement date should be entitled to a dividend; however, because shares change hands so often, actually calculating this can become quite complex. To make the process easier, the company may simply announce a book closure date at some point in the near future, which means that whoever owns a share on that day may claim a declared dividend.
book closure
1. The termination of announced benefits to new shareholders. For example, a company announces a specific date on which it will close the firm's books for shareholders to receive a dividend.
2. See holder of record.
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The Financial Accounting module logs financial transactions in the electronic equivalent of primary books of accounts, holds the General Ledger and all defined sub-ledgers, consolidates all this into the ultimate books of accounts (essentially, Profit & Loss account and the Balance Sheet), manages tax-related transactions/adjustments and interfaces with book closure.
The Complete Overview of Every SAP Modules and Different SAP ... by Eugene Walker / Computers and Internet community
The book closure arrangements between 16th July, 1998 to 23rd July, 1998 for the Existing Warrants will accordingly be cancelled.
Semi-Tech Corporation Limited Announcement by Business Wire
 
 
 
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