Assignment 2 Step 3

Wow what an adventure! I found restating my financial statements to be fairly straightforward, mostly because my company doesn’t “do” tax! They are an Australian based mining company whose operations are in the US which has made it quite unique in its tax classifications. There is no tax stated at all anywhere within the financial statements! I watched all of Marie’s video’s and at one point when she was restating the Comprehensive Income Statement, I thought “that doesn’t seem right” and sure enough, Marie corrected her work which is when I realised I AM learning AND comprehending the material.

Please find below my Assignment 2 Step 3, any feedback (whether formal or informal) is most welcome and I thank you for your time and attention

https://acct11059kewcawtoouniblog.home.blog/wp-content/uploads/2019/05/company-spreadsheet-restated-kh.xls

Week 6!

Hello everyone how are we in this beautiful, magical week six of our studies? Can you believe we’re halfway there already? Well I had a great time reading chapter four FIVE TIMES! OK great time might be an exaggeration 😉 but I did have fun. For anyone reading this that hasn’t attempted the restating of the financial statements and are struggling with the material, I highly recommend following Maria’s video, restating at least the balance sheet and then reading chapter four again. It makes a lot more sense once you’ve applied the knowledge!

I’ve now turned in Step 1 of my assignment which I’ve attached. If you get a chance to read it, I would love your feedback!

https://acct11059kewcawtoouniblog.home.blog/wp-content/uploads/2019/04/kcqs-ch4.docx

Stay sane everyone! xox

Assignment 1 – Steps 3 – 5

Hi all! I am a little behind with posting my steps 3 and 5 to my blog but I was not happy with my progress by 5pm Friday and took the time to produce what I consider to be a better quality of work. I would love to receive feedback from my fellow students regarding my attached musings, conclusions as well as how relatable my examples provided are.

https://acct11059kewcawtoouniblog.home.blog/wp-content/uploads/2019/03/assignment-1-steps-3-5.docx

Feedback Sheet:

https://acct11059kewcawtoouniblog.home.blog/wp-content/uploads/2019/04/ass1-peer-feedback-sheet.doc

Step 4:

https://acct11059kewcawtoouniblog.home.blog/wp-content/uploads/2019/03/company-spreadsheet-kh-1.xls

Assignment 1 Step 3: Getting to know my company

I’ve been very excited to read other people’s blogs and their KCQ’s relating to their companies. I really enjoyed going through my company’s annual report and quite a few questions were raised for me. I’ve never been through a company’s annual report or their financial statements (and at my age, it seems like I should have) so I’m really keen to find out what other people have to say about theirs.

My company is called Ioneer Ltd (formerly Global GeoScience) which is a large mining company primarily mining Boric Acid and Lithium. Why is Lithium in particular a valuable and sought-after commodity? Well for starters, it’s what powers our mobile phone and laptop batteries!

I am once again quite nervous about step three of my assignment – I have all sorts of doubts about my writing, my thoughts being “wrong”, of missing the point of the activity but mostly, having someone tell me I’m just plain bad at this. But the only way to overcome such thoughts is to forge ahead – feel the fear and do it anyway as Susan Jeffers suggests.

The amount of support from my peers in this unit has been overwhelming and a really great start to university. Thank you all for your encouragement and feedback

Finding My Company

I’m very excited to have received Ioneer Ltd as my company which is a large, global organisation in the mining industry. Ioneer is a combination of the words “Ion” and “Pioneer” as the company aims to be pioneers in producing energy efficient solutions for a sustainable future. I’m looking forward to getting started on my financial statements!

Assessment 1, Step 1

I am very nervous to share this with everyone, but having read through other people’s assessments as well as exemplar Dani Bradley’s assessment, I think I’m on the right track!

Positive feedback and Constructive critism is always welcome 🙂

I have to admit this is not what I was expecting from my first assignment in a subject called Accounting, Learning and Online Communication.  I read the assessment outlines before I read the study guide and I thought “how do I engage with the author when I’m reading a text book?”  Well, I then read the introduction and chapter one and completely understood how to engage with the author.  The text isn’t written like any text book I’ve read before, the writing style IS actually engaging much to my surprise.  This made me feel so excited to be embarking on this journey at CQU.

I work full time for the Queensland Government and I have had various roles in finance for over twenty years now in accounts payable roles and accounts receivable roles, some asset management roles and I have also had the opportunity to perform BAS statements for a company as well.  But it wasn’t until I was given an opportunity to study four subjects of a Certificate IV in accounting at TAFE last year (sponsored by work) that I actually thought for the first time in my life, I can do this.  The approach this subject takes is definitely my kind of format, more of a real world, relatable approach.

Going back to my comment regarding accounts receivable and accounts payable: I thought I had an idea of what accounting was because I pay accounts, receipt accounts and reconcile accounts and have done for quite some time.  What came as a real revelation to me was that the expenses and revenue are such small fry in a business; it’s all about the assets, liabilities and equity!

I’m quite nervous as a 40+ year old to be starting an undergraduate degree – part time so I’ll be mid to late forties by the time I’ve graduated – but my first lecture/tutorial was really fantastic.  I enjoyed Martin’s lecture and instantly have a high respect for Lois Kempnich.  She tells it like it is!  Which is basically, if you do the work and you engage with the material, you will do well.

I love the Peerwise approach as well, I have answered some questions but not yet posted any because I do have this voice in my head saying “but what if you’re not smart enough?”  Well, if I want to succeed I guess that voice needs to be put to bed and the section in chapter one of the study guide on pages 9-10 regarding confidence really resonated with me!  I am seeing lots of blogs around that these young “whippersnappers” have put together and they’re very impressive.  I’m hoping mine can be just as great and if not, well maybe I can ask someone for some tips.  I’m very used to working autonomously, so this is already a stretch out of my comfort zone.

I’m finding that my learning style is the opposite of rote learning – I like to be present, to be involved and to actually understand the concepts and material.  Otherwise I will forget everything as soon as it’s no longer required.  What was once a very nervous position for me is now one of excitement as I embark upon this journey with so many other wonderful people of all ages from all over the world.

Despite my trepidation, I have forged ahead with creating my blog page and I have revealed some background about myself that I think will resonate with a lot of other mature age students

The first entry

OK this is my first ever blog entry (not an original statement but hey I’m honest) and I’ll be honest, I’ve been avoiding blogs for year. I haven’t avoided reading them (although sometimes they can be a little too much) but for me it’s always been something I’ve considered out of my comfort zone. I’ve always thought of blogs as ways for people to express themselves without remorse because they’re hidden behind a computer and aren’t forced to interact face to face. Some of the things people say on the internet would get them very hurt in real life if they were to use the language and tone at a party, for example. So this is definitely out of my comfort zone and I welcome you to join me on my journey to the 21st century!

A bit about me: I live in Brisbane, Australia and I graduated high school in 1994. Back then, with parents who weren’t taught the importance of further education, it was expected to finish year 12 and get a job which is exactly what I did. It wasn’t until I started working in financial services at the Environmental Protection Agency (located at 160 Ann Street, Brisbane if you can believe it!) in 1998 that my interest in finance was piqued. Since then, I’ve worked for both government agencies and corporations including large organisations such as Rio Tinto in roles including Accounts Payable, Accounts Receivable and Reconciliation roles.

But last year, I was one of fourteen very lucky people who were given an opportunity (out of 20,000+ people) to complete four subjects of a Certificate IV in Accounting. It has been years since I studied (which I hated in high school) but I kept pushing along with the study, seeking help from colleagues who had also enrolled and I learnt so much in the four months it took to complete the subjects. I loved working hard on my assessments, receiving feedback from the lecturers, learning from my mistakes and of course that awesome feeling when a giant “PASS” appears next to the graded assessments. I was asked if I would consider completing the Certificate IV which really got me thinking. And that line of thinking lead to me deciding to embark on a Bachelor of Accounting with CQU.

My studies are part time as I work full time for the Queensland Government as a Revenue Officer. Knowing I have the full support of my Manager, Director and General Manager – not to mention my wonderful team – gives me the extra drive and confidence to embark on this journey. I can’t wait to read everyone else’s stories and please, come say hi any time! I love meeting people 🙂