Onward and upward

The end of week 12 and I’m happy to say I’m now done with ACCT11059 and the final assignment of this unit is submitted.  There really are only so many times you can read and polish a document.  If you want to see the final submission it is here. ASS#2 Step 7 to 10 Paul Feasey GALLIFORDTRY Company Spreadsheet FEASEY

Thank you to those who gave me feedback, your eagle eyes in spotting bits I missed was most welcome.

It’s been an interesting 12 weeks in my return to Uni as a mature student and I have thoroughly enjoyed myself.  With this final accounting blog for this particular unit I thought I’d put down some of the things I’ve learnt about learning and about myself during this time.

When I first saw I had a UK construction company to focus on I was “meh” and not overly enthused about the prospect.  I would have put in the same amount of work and research into any company, but on reflection I actually think that GallifordTry was to my advantage.  Only a couple of years ago I’d been living back in the UK for 18 months and was well aware of the state of the UK, price of housing, the political situation and various other impacts in that once great nation.  This did make understanding the financials and the company operating climate easy to understand and research.  I’m calling that a win, I was able to learn the process of accounting, ratios etc, and relate that to an environment I understood.

KCQ’s and the study guide. I’m still not convinced about KCQ’s, though I appear to be reasonably proficient at them.  I’ve enjoyed the study guide, though I do wish Martin would get to the point sooner and I did pine for a text book on occasion.  Saying that I have been fortunate to have had two very constructive conversations with him recently and I can understand where he’s coming from and the intent of the process.  I really appreciated his insights and support from these conversations.  With regard to the unit, I can say though, that it did work, I have learned and my learning style has been challenged.  So, thank you Martin.

This blog, I already write a blog for fun, I wasn’t certain how much value this one would have.  Well I’ve enjoyed writing it and 65 other people, including people outside of the unit, are looking at it.  I’m going to assume that it’s adding value to them as well.

dilbert blog

I’ve provided support (far too much according to my wife) and helped a lot of people through Facebook and through checking over spreadsheets and calculations.  While this has been very time consuming, what it has done is secured my knowledge of the subject, so it is a win for me.  Even though I tell my wife I’ll do less in the future I’ll still help where I can, just remember to say thank you.  Through the Facebook group I’ve met some wonderful people and got some solid friendships out of it.  That’s what uni is also all about.

PASS!  How good are PASS sessions, I really enjoyed all of them, shared a lot and gained a lot as well.  Danielle is a most excellent facilitator and will no doubt end up with a high distinction when she finishes her degree and will go far in her chosen field.  I am most grateful for her support in these sessions.

When I started out with this unit I was concerned about the time required to get everything complete and manage life, the universe and everything. I am unbelievably grateful to the support of my wife and children who have given me the space to get stuff done.  Though by the children leaving me alone I’m not onto them to do their chores or their gym work between their swimming training sessions.  A cunning plan on their part.

The final thing and probably the most important thing I have learned and it’s what I shouldn’t have had to learn (and its not in relation to this unit either) is this.  I should never, ever doubt my wife!

A true story.  A week out from the due date for Laws11030, 40% assignment, I thought I’d done a really good job, I gave it a quick read and thought it was good to go.  I asked Mrs F to take a look.  She didn’t make it past the first paragraph, before telling me how bad it was!  She was asking all sorts of questions, what’s the word count, what references are you using?  I was horrified, I thought it was brilliant, how dare she!  I know she’s a teacher who did her second degree by distance, but really!  Long story short I got a bit cross.  Fortunately for me, as we met at Uni in 1991, Mrs F has known me for a very long time and knows that while I am an idiot, I am not totally stupid and I will see sense. And sense I did see, I listened and learned, edited and re-edited and polished that turd before hitting the submit button.

Thanks to my wonderful wife I received 37/40, 92.5%! This type of result is unheard of, I’ve never got grades like that before and I couldn’t have done that without her.  It really makes me wonder, not only what she sees in me and why she puts up with it, but what I would’ve got in my first degree if I’d spent less time in the pub and listened to her more then.

Moral of the story, listen to your wife, she knows more than you do, especially when she’s a teacher!

This term isn’t quite over as I’ve the Law11030 exam on the 19th.  I originally had it as the 17th so I’m glad I checked again.  It’s an open book so I’ve a bit over a week to get all my notes ready for the day.  Thanks again to Danielle for the insight to preparing for my first open book in 15 years.

In honor of Law here’s this blogs musical interlude, Anthrax singing about one of the iconic comic book characters of the 20th Century Judge Dredd.  Unfortunately the video has footage from the 1995 film staring Sylvester Stallone, not the best interpretation. The 2012 Judge Dredd staring Karl Urban is so much better.

So that’s what I’ve learned so far.  Once the exam is done its onward and upward with the next two units, whatever they may be as I haven’t decided.  For those of you who’ve stayed with me this far, I’m going to continue this blog and my running blog and see where it all goes.

Happy Studies folks.

 

This is the end….?

Or maybe it isn’t? Actually it’s not all quite done, my write up on Step 9 has run out of steam, so what we have here is a first cut.

Really if it’s the end or not is all going to depend on what feedback I get and if someone spots something odd that needs fixing.

If you, dear reader, would care to participate in the Step 10 feedback process you can find all the details below.  And while you are reading please enjoy this musical masterpiece from The Doors.

GALLIFORDTRY Company Spreadsheet FEASEY

ASS#2 Step 7 Contribution Margin

ASS# Step 8 What I know about ratios

ASS# 2 Step 9 Capital Investment Decisions not quite finished.  Suggestions welcome.

dilbert-show-me-the-monies

 

Ratio’s restrung

Apart from having to vote in quite possibly the worst general election I have ever experienced, and I’ve seen elections in West Africa and the build up to Brexit, so I speak from experience, I’ve had a pretty good weekend.  I ran 10K in the dark on Friday night and 6K before the sun came up before parkrun on Saturday morning.

Running at night is one of my favorite activities.  There’s no one around and the environment is completely different to the day.  Most excellent!

Saturday was spent recovering from running and politics to allow Sunday to be a head down bum up study day.

Which brings me to this blogs loosely connected song, Hilltop Hoods The Hard Road Restrung. A great song, made even better by the Adelaide Symphony Orchestra.

Why is this loosely connected?  I’ve already put up my ratios on this blog, knowing there were some errors and knowing it needed some additional focus and Natasha Bennett was kind enough to have a look and provide some comments which is appreciated.  Today as well as writing about chapter 8 (see the previous blog post), the ratio’s have been restrung and the word document written to explain my workings and thoughts.

The restrung ratios can be found here GALLIFORDTRY Company Spreadsheet FEASEY and the document containing all I ever wanted to know about ratios but was afraid to ask can be found here ASS# Step 7 What I know about ratios

dilbert work ratio

 

Feedback’s back alright!

Feedback, it’s the gift that keeps giving.  Another assignment another set of feedback.  And the Backstreet Boys, because why not?

To round off this bit of the unit at the start of week 8 I present you with my reflections on the restating process, ASS#2 Reflections on Step 3

This document explains my thought processes in restating my financial sheets.  Which I did quiet enjoy.  In case you missed it the financials can be found here, GALLIFORDTRY Company Spreadsheet FEASEY

The next item on the agenda is what I think of the feedback process in general and the feedback I have given and received along the way.  This can be found here ASS#2 Peer Feedback Step 4 Consolidated Feedback Sheets  Thank you to those who’ve taken the time to help me out and interact.

Oh, one more thing.  When it comes to feedback, don’t be this guy.

dilbert feedback

Happy studies.

BTW – the last word.  If you read this and enjoy it, just hit the like button, that way I know I’m not talking to myself.  If you don’t like it, leave a comment as to why, maybe I’ll do something different next time, maybe I won’t.  Leave a comment and we’ll find out together.

It’s lunchtime, I’m at work and can’t think of a snappy title

dilber numbers

How we all doing?  It’s Wednesday lunchtime I’m at work and have about 10 minutes to get this written and posted.  Hence the crappy title.  I want to get my Law assignment done so I want this out of the way today.

I finally figured out what was wrong with my spreadsheet, thank you to everyone who had a look at it.  Credit for your help is in the attached word document.

I have now learnt the perils of double dipping. This exercise has also reinforced the fact that all firms report in different ways and footnotes are gold.

My restated spreadsheet is attached and my document what I have gained from this exercise.  Any questions, comments etc please let me know.

ASS#2 Reflections on Step 3

GALLIFORDTRY Company Spreadsheet FEASEY

Happy studies

(now back to the spreadsheets that pay my wages!)

 

Talking it through

I’ve had three attempts at KCQ’s for chapter 6 and I wasn’t happy with any of them.  Yesterday I thought I’d try a more radical approach and talk through the issues with Chapter 6 himself.

The conversation went down on here.  Paul Feasey ASS#2 Step 2 Version 4

As it’s a rather different approach to KCQ’s I’d appreciate some comments. If it’s pants I’ve still got time to go back and do it again

dilbert

 

From desperation comes motivation

In chapter 1 of the study guide Martin makes it really clear that in order to succeed in this course you need to be spending 12.5 hours a week on the subject.  I think I have spent more than that just trying to untangle Chapter 4 and that’s before I start on the restated financial statements.

In the study guides I don’t mind a bit of trivia now and again.  I do have a passing knowledge of Machiavelli and GK Chesterton, but I’m not going to search out Euclid.  To be honest in this chapter these nuggets I didn’t find at all helpful.

A lot of the concepts in Chapter 4 I’m familiar with through experience, having them interwoven with kinder eggs and Ryman Healthcare didn’t help me much.  Especially when trying to work out how to play with my spreadsheet.

What I wanted was details of the mechanical process for the spreadsheet, what I got was somewhat different.  As I may have mentioned before, if it was easy everyone would do it.  So I’ll read the chapter again and watch the video and see how we go.

I’ve got a Law assignment on the go as well and wanted to get at least something on ASS#2 out so I can concentrate on that.  So as the title says from desperation comes motivation.  What I have attached is probably version 5 of a first draft.

I’m not happy with it.  I’m sure it’s rambling, simplistic and misses a hundred points.  Take a look, rip it up and tell me where you think I’ve gone wrong.  It’ll be a feedback gift I’ll appreciate.  I’ll what Studiosity has to say about it as well.

The output of my desperation can be found here. Paul Feasey ASS#2 Step 1

On a more positive note and speaking of motivation.  It was a great parkrun this morning with two colleagues from work joining me.  Dan worked for me when I was in operations and Kasey is our project accountant.   I run with Kasey twice a week and have been encouraging her to get faster, usually by not telling her the pace we’re running at and she’s come a long way since starting regular running in January.

I am really pleased to say that this method of motivation and support has paid off and she ran her fastest 5k at 26:25.  Something to celebrate (unlike my draft 😦 )

parkrun-13-04-19.jpg

Happy studies folks.

Satisfaction guaranteed

Apart from three small assignments as part of a BRC Professional qualification course I’ve just finished, I haven’t had a substantial assignment to complete for a very long time.

The difference between then and now, is that back in the 20th century my assignments were handwritten and physically handed in.  Type written and submitted over the interwebs!  How easy is that!

Technology doesn’t change the fact that a whole lot of effort goes into these things and the relief that comes from pressing the submit button (or putting in the lecturers office pigeon hole) is quite satisfying.

If you have trouble sleeping or have absolutely nothing better in your lives you can read the final version here Paul Feasey ASS# 1 Steps 2 – 6

To be honest though I wouldn’t recommend it, as it’s time to move on.  Up next Chapter 4 and restating our financial statements.  On the horizon there are more KCQ’s, more spreadsheets and more feedback.

The first four weeks have flown by and I expect the rest of this unit to do the same.  What I am looking forward to is the final submission of ASS#2 on June 10th where my satisfaction in completing this unit will be definitely guaranteed.

Happy Studies!

Week 5 already?

How’s everyone doing?

Week 4 is drawing to a close and I’m quite astounded in how it’s going.  I was not totally sure how studying, life, the universe and everything was going to work out.  We’re a 1/3 of the way in and it’s going all right.

Couple of things I’ve experienced, learned and been reminded of this week.

PASS sessions continue to be extremely valuable.  If you’re not in it, why not?  I’m enjoying the interaction and by talking with the group I’m able to better understand the concepts and help out as well.  I am trying to say less, honest, but it is a challenge as I’m so used to leading and talking at work.

Warning this is the only negative I have so far in this unit.

PeerWise, to be honest at this stage is losing it’s value.   I’m well up on the scoring system and could stop now and still get a pass.  I appreciate that we will be at different stages in the reading and I’m deliberately looking for the challenging questions. What I’m finding is that some of these challenging questions are only that way due to being badly written and with no explanation.

If I get genuinely hard question wrong, no problem, I’ll go back and learn from it.  But it is frustrating to get a question wrong when it’s badly worded and there’s no explanation.

I have lost count of the times I’ve written provide an explanation in the comments.  I’ve now taken to grading questions as fair or poor if there’s no explanation.

Back to being positive! 🙂

Good feedback is really important and to do it properly takes time.  I’ve provided feedback and I hope it’s been helpful.  I still have a couple outstanding, which I will try and get to.  Though it is the weekend, where you’d think there would be more time, however as everyone is home it’s not the case.

Thank you for those lovely folk who have provided feedback on my work and my blog.  With the blog it’s always nice to be appreciated and the fact that it’s been helpful is a real bonus.

The feedback on my ASS#1 has been great, but reminds me of an important point.  Feedback is not necessarily proof reading.  In the words of the immortal Public Enemy (quite frankly one of the best hip hop groups of all time) don’t believe the hype!

In getting the feedback which was really positive in terms of content and style, which I really appreciated, I almost sat back and thought “perfect I’m done” and went to submit it early.  A little voice inside said, “are you sure?”  So I went back and proof read it again, found spelling errors, grammatical errors and formatting that needed correcting.

If I’d put in “as was”, I would’ve only had myself to blame for not checking and would’ve thrown away easy marks.  Rookie error and not good at all.

Which segues nicely to the next lesson.  Attention to detail.  In my career I should be super focused on the details.  If you get times, temperatures and the analysis wrong, you will make bad beer.  Quite clearly I wasn’t focused enough on the details and my draft was lacking.  But that’s why we do a draft.

The other area of where I wasn’t focused enough on the details was at today’s parkrun. I had an aversion to the numbers 51 to 100 and decided to skip straight to #101.  I only noticed when I handed over #151 to the 51st runner.  A quick swap and we continued from 101. Not a train wreck, but a bit of a nuisance to sort out at the end.

In my defense I had just run a 56 minute 10 K (my 3rd fastest in three years, go me!) and hadn’t had breakfast, so my brain may have been a little low on sugar.

My faux pas was source of much amusement;  that an experienced Race Director who’s doing a degree that involves numbers can just miss a whole set of finish tokens.  I will never be allowed to forget this, which is a perfectly reasonable response by my fellow Race Directors, who are here in this pic sorting out my mess.

Park run RD's

Week 5 starts, well now, with Chapter 4.  I’ve read it once and there is a lot covered.  I can see many KCQ’s on the horizon.  We have the additional challenge of restating our financial reports.  This will take some patience and keen attention to detail.  As it’s another new area for me I’m looking forward to it.

The last words:

  • positive feedback is great, but don’t forget to remain critical of your own work and take that last look before submitting
  • don’t forget the details.  Attention to detail is an essential part of managing numbers and business (and parkrun) and a skill to master early on.

Happy Studies