Going Back to go Forward

So step 3 of this assignment has been a roller coaster of emotions for me, I thought I had it, got told I didn’t. Thought I had it, got told I hadn’t. Thought I had it, got told I had it!! (fist pump moment!)

For me, this step is impossible to complete if you aren’t interacting with your peers. I don’t get on the facebook page as much as others but when I can, I always try to help as I know that I wouldn’t have been able to complete my restated figures without their help. A HUGE shout out to Emma Rizeman who gave me some amazing feedback that I have included below. Emma went through my spreadsheet thoroughly and spotted some errors that I hadn’t noticed but have now been able to rectify, see where I’m getting at that you need to talk lone rangers?

I also found the tute sessions really helpful, being able to discuss and ask questions to get other students point of view is invaluable, or it was to me.

I think I went through every emotion completing this step but I wasn’t going to let it beat me and I’m glad I haven’t. I’ve learnt that there is a lot more depth in financial reports than what the reports show you and that reading the notes helps explain them in a lot more detail. It’s also made me delve more deeply into what the company has been spending money on and how they have been making it. I feel that now I have a lot more knowledge about operating and financial expenses and tax benefit which was my enemy for a goof few hours trying to work it out!

Well, no rest for the wicked, time to crack on with step 5…..

So with all the excitement of the bank holiday and spending a day with just me and the hubby, I completely forgot to post that yesterday, I had completed and submitted step 2.

I must admit, at first I found KCQs daunting and didn’t look forward to having to complete them but now they are just part and parcel of reading each chapter and a great new way for me to learn. I find myself looking into how the questions I’m asking myself not only relate to my experience, but also to my company, Jumbo Interactive Ltd.

So I’ve had a fab day today, met my fellow Pommie friends for a bbq breakfast at Woody Point then went for a stroll down the jetty then an afternoon relaxing and enjoying the sun back at our home with a nice cold one, a perfect bank holiday for me. Hope you’ve all had a good one too and have been able to put the studies down for a little while.

So here it is, chapter 6 KCQs, enjoy!!

So life is chocker at the moment, I’ve just started working (finally!), my in laws are over from the UK for a month, and I’ve had assignments due in for all 3 of my other subjects plus the work for ACT11059. I used the break week wisely to get ahead, but now I feel like I am just up to date, especially with ACT11059. But, on the plus side, I’ve submitted my assignments for my other 3 subjects, the in laws are off to Noosa on Monday for 4 days and I’ve only got 10 hours at work next week so time to get ahead of the game again!!

I started my restating on break week, thought I’d smashed it only to go to my tutorial to be told I hadn’t worked out my tax benefit. I was confused as my company didn’t have any loans or owe money so why would they get a tax benefit? Anyway, after reading chapter 4 (again), and watching Marias video (again), I think I have got it. Please if I haven’t tell me! As always I appreciate all feedback from you lovely people!

Now where’s my study guide, time to read chapter 6………

So, I’ve had a nice couple of days away in Hervey Bay, catching up with friends and my first attempt at fishing! I clearly need more practice as I didn’t catch a thing bar bait fish. Oh well, if I ever needed an excuse to get out on the water hey?

Well I’ve completed step 3, and if I’m honest, it wasn’t as difficult as I thought it was going to be, or maybe it was just luck that they all added up first time, or maybe, I’ve still not done it right. I’m sure I’ll find out from you guys or Lois this week in the tutorial. One thing I do know is that I’ve learnt a few more tricks on Excel from watching Marias videos so thanks for that!

What have a learned about my company? I’ve learned that they are self sufficient, they have no outstanding loans or overdrafts on the business, which I think confused me as it made it too simple for me as I didn’t have to split my tax. They are currently in a really strong position.

Feel free to have a look through for me, all feedback is always greatly appreciated as you know.

So after pressing the send button on assignment 1, I’ve had a little break away from all things Accounting, Learning and Online Communication, well apart from finishing off my PeerWise. But that break didn’t last long and over the last few days I’ve been trying to get my head around chapter 4 and putting together my KCQs.

What can I say about chapter 4? Not my favourite so far! So so much information in their but I’m feeling better about this as I know I’m not the only one feeling overwhelmed by it.

I started reading the chapter and I was going well but as I got to the end, reading about profitability and efficiency, my mind has been blown. I’m going to have to go back to this more than once and try and get my head around all those calculations again.

Here is my step 1 for assignment 2. Any feedback from you wonderful people would be appreciated.

Karen

So I’ve finally got round to completing steps 3-6, step 5 has held me up as if I’m honest, I’m still not a fan of KCQs. But here is my attempt for you to have a look at and give feedback if you so wish.

Have a great weekend now pass me the wine……

#UPDATED ON 6TH APRIL WITH MY FINAL DRAFT

Karen

I noticed the studiosity link before the term started when I was finding my way around moodle. I was unsure of its purpose at the time and thought to myself ‘I’ll look at that later’ but I am glad that we have been encourage to use it for this assignment as it is a great tool. Definitely one I will be using many times again in the future.

I had my assignment back in less than 24 hours which I thought was great as the work was still fresh in my mind. I am definitely not a confident academic writer, which doesn’t really matter for this assignment but referencing is a weakness so I found the feedback really helpful as it showed me where I needed to correct grammar, write my references correctly (something I need to look into myself), and talked about how my writing wasn’t really academic. I was expecting this about the writing style so this was a positive!

For me, Studiosity is a great tool that everyone should be taking advantage of to help push up those grades.

So, Ive completed step 3, it’s currently with Studiosity after listening to feedback from my peers. I’ve spent the last hour or so reading other peoples blogs, I’m now following a lot more too (after I worked out how to do it!).

I suppose I may be slightly biased when it comes to my top 3, I’ve looked at their interaction, not only with me but with others on the course and also how useful and how much I can relate to their blogs.

So my top 3 in reverse order are…….

3. ANDREW TEASE

I found Andrews blog easy to read and also very helpful as we both have gambling companies. Andrews company is actual a share holder in mine!

Tabcorp Holdings

2. KYM HOFF

Kym provides a blog that I can relate to as we are both in the same stage of our lives. We both have the same self doubts but we encourage each other to just go for it. What’s the worst that can happen right?

https://acct11059kewcawtoouniblog.home.blog/

1. PAUL FEASEY

Paul is a great guy, we’ve never met but he is so helpful and positive and encouraging. Always gives great constructive feedback and his blog is great to read. One I always make sure I read when I log on. Paul is such a busy man, always on the go, always doing something, do you even sleep Paul?!

https://beingheldtoaccount.home.blog/

So, here’s my second draft of step 3 and my step 4. I have done a little adjusting to step three after my studiosity feedback and the PEER session yesterday but I know that I still have bits to expand on.

I will more than grateful for any feedback you would like to give me.

Thanks Karen

So we have finally got our companies and at first, I was a bit disappointed with mine because I didn’t know it. Now I’ve starting researching about them, I found out that I have already used their services since being in Australia, because we all want that big lotto win don’t we?!

So who is my company?

My company is Jumbo Interactive Ltd.

Founded in 1995, they currently have over 100 employees and 2 million customers.

Jumbo is a leading digital retailer of official government and charitable lotteries that utilise the latest technology to craft an engaging and entertaining purchase experience for their customers across a range of digital platforms.

Founded in 1995, Jumbo pioneered e-commerce in Australia after developing and launching one of the world’s first online shopping malls. The company was listed on the Australian Stock Exchange in 1999.

In 2000, the company began selling lottery tickets online, and now focuses exclusively on the sale of official government and charity lotteries via digital platforms developed and promoted entirely in-house.

The flagship service, Oz Lotteries, is one of Australia’s largest digital retailers, processing over $150 million in lottery tickets sales per annum and managing over 2 million customer accounts (of which I am one!).