Introduction to Accounting

Reflective Journal 1

 

I have learned accounting before, during my high school. In first five lectures, I am able to follow the lesson easily since only repeat the previous things. However, in the next lecture I had a little trouble to follow, because of I don’t really familiar with the lesson and the tutor teaches us fast enough during tutorial class. In accounting we have to make many kinds of journal such as general journal, adjustment, trial balance. Accounting is actually quite easy, only needs a high accuracy in entering numbers and counting. It is very useful in life because can help us to know the amount of money that we use and receive in our daily life in detail.

Quantitative Methods for Business

Reflective Journal 1

What have you learnt from first three lectures?

First lecture is about mathematics of finance. It teaches us to calculate the interest on a loan that has been done and also to know the amount of interest which is earned on savings. The methods are simple interest and compound interest. Compared with simple interest, compound interest has a much faster growth of money in result, since the amount of the interest plus into the loan then the result will be added to the increased principal and calculated again with the interest.

Second lecture tells about future value annuity, by understanding the formula which has been given, the amount of money which is received at the end of period after adding interest can be determined before. The other one is present value annuity. This lesson gives more advantage for us since it teaches the way to find out how much money should we spend at the first time to get the amount that we hope at the end after adding interest.

Besides that, lecture three gives something different than lecture one and two. When both of them are related to money which have already been added with interest, in lecture three is about goods. The topic is about linear programming. Here, we can know the quantity of goods which are produced to reach the highest possible profit (maximum) or the lowest profit (minimum). Other than, we can also find a comparison between the numbers of items to each other that can be generated during the capital owned or the amount of it is limited.

Reflective Journal 2

What have you learnt from Mini Research Project?

In this Mini Research Project, I got many lessons either the subject or not the subject. Since final exam only in a couple weeks more, this Mini Research Project helps me to do my revision earlier. It means I do not need to rush to study during study week later. Even we only need four topics in our research; however, to decide which one we will use, it has to be by understanding each chapter.

On the other and, this Mini Research Project also improves my skill in using Excel. Some chapters need to show the Excel work which is not easy to do. We have to get really know about Excel then can apply every step which has already given to get the right answer, same as we do it manually. This is certainly not an easy thing, because even we have already followed the direction, sometimes the answer which is appear will be a bit weird. Then it will need more times to check it again manually and or ask others to help if got stuck. 

Besides that, my writing skill is also gaining because of this Mini Research Project. Last time, I do not know how to show those formulas or symbols in Microsoft Word, and we also do not that in there got so many things can be made and used to make our work becomes easier and looks nice. 

This is really helps me later in the future. Even through some troubles, but I will never be regret of doing this research which give me so many things to learn. I believe it will be so useful later when I get a job which need this method to make my job easier. :)