March 7, 2019 – BAF3M – Mr.Scorcia

The Income Statement

March 7, 2019 Scorcia Revenues and Expenses

The Income Statement What is it? Why is it important ? Who needs it and why? What is a Fiscal Period and why is it important to stakeholders? GAAP – Time Period Concept, Matching Principle- which IFRS relates to this? Additions to your Debit/Credit chart (page 132) Additional Practice and Review: Read 135-139 Questions 5-13 Complete Exercises 1,3 Pages 141-142 Video […]

The Economist

Americans saved a record chunk of their incomes in April
The economic recovery depends on their willingness to splash the cash
Can Hong Kong remain a global financial centre?
The $10trn financial centre is in the eye of a geopolitical storm
Japan probes the limits of economic policy
Including loan guarantees, fiscal support this year will amount to 40% of GDP
Is there a role for options insurance in equity portfolios?
Nassim Taleb and Cliff Asness, two high-level thinkers on finance, disagree
ESG investors get their heads around social risks
Thanks to covid-19, these woolly risk factors are in the limelight
America’s public-pension funding crisis worsens
Funding ratios have fallen and the cost of provision has risen
Downturns tend to reduce gender inequality. Not under covid-19
Women’s unemployment has risen more than men’s
The pandemic could lead statisticians to change how they estimate GDP
Data gaps are rife, but statisticians may eventually understand better how the economy works
The World Bank lands Carmen Reinhart as chief economist
Ms Reinhart is one of the most widely cited economists in the world
For the first time in 30 years, China has no GDP target
The government will not set one this year, reflecting the pandemic’s uncertainties

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