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

FIS’s $43bn takeover of Worldpay
The scramble to build global payment systems
Why book value has lost its meaning
The trouble with intangibles
A dispiriting survey of women’s lot in university economics
#EconomistsToo
Commerzbank and Deutsche Bank start discussing a merger
The smaller bank’s bargaining power has risen
Alan Krueger, natural talent
A quiet revolutionary of economics died on March 16th
FIS and Worldpay agree on a $43bn merger
The race to create a global payments giant is shifting up a gear
China’s current-account surplus has vanished
A deficit could remake the financial system, if the government lets it
David Autor, the academic voice of the American worker
From automation to China, the economist has forced a reassessment of how labour markets respond to disruption
The struggle to restore Turkey’s stricken economy
The effects of mismanagement will linger
Euro-zone fiscal policy is easing for the first time in a decade
But too little will be spent, and on the wrong things

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Day: March 5, 2019

The Trial Balance Review Period

The Expanded Ledger – Revenues , Expenses and Drawings