Monday, 30 September 2013

Accounting

A) Ratio Analysis Report

The purpose of this report is to analyse the profitability and financial stability of Microsoft Company during the year 2012 - 2013. Based on the analysis we have done, we recommend that the shares of the company be purchased for investment purposes.




 



B) Description

The concepts and techniques that can be used in the Charity Drive would involve things like writing the Profit & Loss Statement and Balance Sheet to check whether we are on the right track to make money efficiently. By doing so, we can also see our current financial state and therefore decide what to do next to improve it. By doing accounting, we can also ensure that no money is stolen unnoticed.




C)
                                             Trial Balance Exercise 2: Question

                                             Trial Balance Exercise 2: Profit & Loss Statement

                                             Trial Balance Exercise 2: Balance Sheet

                                             Ratio Analysis Exercise: P&L Statement

                                             Ratio Analysis Exercise: Balance Sheet

                                             Ratio Analysis Exercise: Profitability Ratios

                                             Ratio Analysis Exercise: Stability Ratios

                                             Trial Balance Exercise 5: Questions

                                             Trial Balance Exercise 5: Profit & Loss Statement

                                             Trial Balance Exercise 5: Balance Sheet

 


D) Reflection

         For me, this is the first time I'm learning accounting since I didn't take it during Form 5. In this module, I have learned about the uses of accounting which I never knew before. I really enjoyed learning this subject all the way from double entries to cash flow statements, not so much of ratio analysis.
     
         I prefer to look at accounting as a whole even though there are many parts to it because when I split it up each part doesn't really have much of purpose than when I see it as a process. For instance, a case can be written in ledger form then simplified into Profit & Loss Statements and Balance Sheets. From there it can be interpreted into Cash Flow Statements and Ratio Analysis.            
         My favourite part would be doing the ledger accounts, P&L statements and Balance sheets because I'm most familiar with it can it's more or less just playing around with numbers and it is easier. However for Cash Flow statement and Ratio Analysis are my least favourite because I'm less familiar with them and they are slightly more than just playing around with numbers where at the end of it, an interpretation of the results is needed in order to make a decision.

        But overall I enjoy taking this subject. At least now I have basic knowledge when it comes to accounting. However as much as I enjoy accounting, I wouldn't major is this subject because I will bet that it will gets way tougher down the road.

Economics

Price Theory (part 1) - Shift in Demand Curve

This video explains what happens to the demand curve when the popularity of fast food decreases.

 



Price Theory (Part 2) - Shift in Supply Curve
 This video explains what happens to the supply curve when the price of carrots go down.
 




Penang Trip Assignment - Interviewing a Business

In this video, we interview a hotel in Georgetown, Penang. This video will provide an analysis on their respective markets, competitive traits and commercial success.



In this video, we interviewed a hotel in Kuala Lumpur. This video will provide an analysis on their respective markets, competitive traits and commercial success.

 

Reflection
Economics is a module more or less like business like the theories used for businesses. Among the few things I have learned in economics are things like the demand & supply curve, elastic and inelastic demand curve and monopoly. My favourite topic would be on the area of demand and supply. This is because it is fairly simple to understand and can apply to almost any business. It was covered in one of the early topics so that kind of gave me the first impression of economics. True enough, the later topics like monopolistic competition and oligopolistic competition all had demand curves in them. My least favourite topic would be the 'theory of firm production and cost'. The main point of the topic is to sketch graphs. The reason this is my least favourite is because there are a lot of steps involved when calculating and plotting the graph. All in all I feel that this module is not all hard because to me, nothing is harder than science. Then again the things I have learned in this module is all good experience and knowledge which can hopefully be used in the near future. Overall I like economics because it is very practical when compared to other subjects. It may also be because of the effort our lecturer as put into his teaching in class. He has really made learning economics a fun and memorable experience.