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

New research shows the robots are coming for jobs—but stealthily
Look beneath the aggregate economic numbers, and change is afoot
We’re hiring
First-time investors are flooding Brazil’s stockmarket
But fiscal uncertainty threatens the boom
Shares in emerging markets have hit a record peak
The price of the index is near its 2007 levels. But little else remains the same
Why everyone is now an options trader
On average last year almost 30m equity options changed hands each day
What is the economic impact of the latest round of lockdowns?
The rich world has become better at mitigating their economic cost
What the Big Mac index tells you about currency wars
Could burger prices inform the Biden administration’s thinking on currencies?
Commodity prices are surging
Is a new supercycle beginning?
What is the economic cost of covid-19?
The pandemic could amount to $10trn in forgone GDP over 2020-21
China wants to delist its own companies: the bad ones
New rules to clear the dregs off its stock exchanges

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Day: March 5, 2019

The Trial Balance Review Period

The Expanded Ledger – Revenues , Expenses and Drawings