Week 3, not fun.  I’ll be honest, it’s been a challenge this week.  In accounting it’s been more journaling entries and adjustment of accounts.  In economics, supply and demand elasticity and markets.

I understand the concept of accrual accounting and the need to adjust entries at month end to avoid overstatement or understatement on the financial reports, but can I successfully transfer this understanding into my workbook?  Not consistently.  I’ve found that I think I know what I’m doing then I find I’ve over complicated it or missed something simple.  I am fortunate that the lecturer has been very quick to respond to my questions.

Economics continues to be a whole lot of words and graphs to complicate what should be quite simple.  Consequently a lot of it remains a mystery.   I had a win in a Zoom meeting with one to the lecturers where I was the only one to dial in.  This did mean we could focus on what I wanted instead of what he’d planned to share.  At the time it all made sense, the next day, not so much.  He was impressed that I was on track, as many of his Sydney on campus students don’t appear to have opened the book yet, that does make me feel a tiny bit better.

It’s been a frustrating week as I should be getting this stuff nailed down, but then it is a lot more challenging in terms of volume of information to absorb and the output required each week.  I suppose if it was easy everyone would do it and it isn’t easy for that very reason. It’s not called a Master Degree for nothing.  On that note this blogs loosely related song is Something for Nothing – The Reverend Preston’s Big Damn Band.  If I want this degree I’ve got to work for it.

What’s working well is the study group with Lucy and Suzy, between us we’ve the first assignment for ACCT20070 practically completed, which is a positive for us all.  It’s a good support network.

This is the end of the first quarter of the term, even though this week has been a struggle I’m still enjoying the challenge and remain confident in that positive outcome after the exam block.  Roll on week 4.

 

Happy Studies