Welcome to FinEcon!

It is the online Finance club where we have weekly conversations with industry experts about:

- Finance
- Economics
- VCs
- Consulting

Also, I will share any resources (textbooks, materials) I found useful for free.

Here it's background how our club started: https://t.me/zokiroffpost/633

@fineconim

Hello everyone,

I am thinking of making Telegram voice chat and webinars with industry experts from Finance, Economics.

What topics are the most interesting to you?

Let me know in comments

Hello everyone,

We are having our first speaker next weekend. But I will let you know later.

Also, I am gonna be posting some questions regarding finance and economics on this channel and will share correct answers later on.

Q1:

What is the difference between Finance and Economics?


Let me know your thoughts and answers in comments 👇

I will share my answer later today.

We are excited to have our first speaker.

Sanjarbek Matyokubov,
KPMG intern and holder of 9 ACCA papers!

We will talk about ACCA, and career in finance.

Date: 16:00 (Tashkent time), Sunday April 27th

Listeners can ask questions during the talk.

Share with your friends!

@fineconim

I will close the poll tomorrow at 10:33 KST.

We will pick top 3 and we will share information, quizzes, charts on those topics.

I am also surprised there are people who have chosen Quant.

I really love learning about Quant since it is Financial statistics and Finance itself becoming more and more quantitative since 1990s.

@fineconim

These are the books that we are planning to use as go-to-guide.

However, for Financial Accounting we will use ACCA FA textbook by Kaplan.

Although I have not passed ACCA FA and CFA yet, I have finished studying Financial accounting from CFA and ACCA textbooks and I can say that in terms of Financial statement analysis, CFA level I FSA book is much in depth while ACCA FA can be a good resource for Financial accounting itself than statement analysis.

@fineconim

Poll has been closed and thanks for those who voted!

1. Economics
2. Financial accounting
3. Corporate Finance and Portfolio management

Honesty, I am surprised to see PM on the list))

Also, it is really interesting to see that there are people who want to learn about Financial derivatives too.

I thought derivatives were not something that people want to get into. I have been wrong.

Anyways, let's start our journey!

@fineconim

Our interview is rescheduled to the same day but from 16:00 to 19:00.

Thanks for your understanding.

Also, in comments below 👇 please send the questions that you want to ask.

GDP

The measure of aggregate output in the national income accounts is called the gross domestic product, or GDP, for short. To understand how GDP is constructed, it is best to work with a simple example.

Consider an economy composed of just two
firms:

Firm 1 produces steel, employing workers and using machines to produce the steel. It sells the steel for $100 to Firm 2, which produces cars. Firm 1 pays its workers $80, leaving $20 in profit to the firm.

Firm 2 buys the steel and uses it, together with workers and machines, to produce cars. Revenues from car sales are $200. Of the $200, $100 goes to pay for steel and $70 goes to workers in the firm, leaving $30 in profit to the firm.

How would you define aggregate output in this economy? As the sum of the values of all goods produced in the economy—the sum of $100 from the production of steel and $200 from the production of cars, so $300? Or as just the value of cars, which is equal to $200?

Some thought suggests that the right answer must be $200. Why? Because steel is an intermediate good: It is used in the production of cars. Once we count the production of cars, we do not want to count the production of the goods that went into the production of these cars.

This motivates the first definition of GDP:

GDP is the Value of the Final Goods and Services Produced in the Economy during a Given Period.

@fineconim

We will start in 30 minutes))

We will start!

How to get into KPMG, Job application tips

About KPMG and job application, ACCA study tips by Sanjarbek, 9 ACCA paper holder and KPMG intern

#interview

@fineconim