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

As the trade war heats up, China looks to Japan’s past for lessons
Japan’s problems stemmed more from its own miscues than from American pressure
Instant buyers are changing the way people buy and sell their homes
Zillow’s i-buying business is doing well
Uber’s listing and a new stock exchange may herald change
Valley bigwigs think they have found the secret of long-term thinking
Beneath the dull surface, Europe’s stockmarket is a place of extremes
The gap between value and quality stocks has widened into a chasm
Economists are rethinking fiscal policy
But not as radically as is sometimes claimed
The biggest collapse in private-equity history will have a lasting impact
As Abraaj funds get new managers, investors are feeling the fallout
Canada’s statisticians survey potheads
More over-45s are getting high, but teenagers are keeping off the grass
The IMF has agreed to break Pakistan’s fall. Again
Pakistan has borrowed from the multilateral lender as often as Argentina has
China vows a “fight to the end” in trade feud with America
A war of words could escalate into something more serious
Amazon’s boss reckons that humanity needs an HQ2
Jeff Bezos joins the ranks of sci-fi enthusiasts convinced that nirvana is to be found off-world

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Day: March 5, 2019

The Trial Balance Review Period

The Expanded Ledger – Revenues , Expenses and Drawings