March 5, 2019 – BAF3M – Mr.Scorcia

What are revenues, expenses and drawings? How are these accounts related to Owner’s Equity? GAAP – Revenue Recognition Principle- What is the corresponding IFRS? The Chart of Accounts (Page 139) Additional Practice and Review Read Pages 132-135 Questions 1-4 Exercise 2 (Page 141) Video Resource image:http://pixabay.com/

The Economist

Is the board overseeing Puerto Rico’s bankruptcy unconstitutional?
If so Aurelius, a “vulture” hedge fund, could be in line for a big payout
A massive money-laundering scandal stains the image of Nordic banks
Danske and Swedbank will struggle to regain clients’ and regulators’ trust
Britain’s equity market is shrinking
Its strong shareholder culture makes it a target for buy-outs
A Nobel economics prize goes to pioneers in understanding poverty
Randomised trials help policymakers grasp which policies work and which don’t
Greta Thunberg accuses rich countries of “creative carbon accounting”
When it comes to measuring national emissions, she has a point
How the twists and turns of the trade war are hurting growth
The IMF downgrades its forecasts for the global economy. Again
The Fed has lightened the load on America’s banks
But it’s only a regulatory recalibration, not a Trumpian trashing
A mini-truce between America and China has investors feeling hopeful
But there remain plenty of reasons for pessimism
New South Korean investment schemes aim to prop up domestic industry
A trade dispute with Japan has inspired financial nationalism
How stories can help explain booms and busts
Once a narrative takes hold, it can drive markets

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Day: March 5, 2019

The Trial Balance Review Period

The Expanded Ledger – Revenues , Expenses and Drawings