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.

 

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

 

Who doesn’t like a long weekend?

Long weekend’s, I love them. But that’s easy for me to say as I don’t have to work them at the moment.  In the UK they’re called Bank Holidays which has an interesting history and Britpop legends Blur wrote a song about it. 

In NSW I was essentially always on call so couldn’t really relax just in case something went pear shaped.  In the UK at Carlsberg I was on a 24/7 roster.  In my 18 months there I think I worked all the public holidays.  In my double life as a project leader and student, all I have to worry about is me, and if I want or need to work over the long weekend in either of my roles I can.

I do appreciate how sucky it is when you see an update from family and friends mates and there’s nothing you can do about it.  So if you have worked this weekend I hope it wasn’t too hard, you had some benefits and fun from it.

Vac week.  What an interesting concept.  No lecture videos to catch up on, no PASS sessions and no tutorials.  The chance to catch up and hopefully get ahead of the curve.  To be honest I tried, but not very successfully when I consider what I wanted to get done.

With the swimming season over the whole family has been around and doing things with them is far more amusing than restating financial details and reading Chapters 5 and 6.   Though I have managed to complete the first draft of my LAWS11030 assignment and finish off my ASS#2 step 1, if you want to read it it’s here. Paul Feasey ASS#2 Step 1

We did go up to Rockhampton see child #1 on campus.  Students in Rocky, you are very privileged.  What a great campus!  The halls are great, the food for the res students is amazing, the sports facilities are great and the gardens are lovely.  When I went to Uni the only facility we had was a common room with a TV.

We used the BBQ’s in the gardens for our sausage sizzle. Absolutely fabulous.  Public BBQ’s rank in my estimation as one of the greatest societal  benefits of all time.

Alice is in a great spot to study.  I’m happy she’s there, though she’s got a lot on, with balancing an RA role, adjusting to being an adult, having a social life and intense study.  Dentistry is not for the fainthearted or lazy.  Very proud of my eldest (takes after her mother in awesomeness)

Family BBQ Easter Friday

As there’s no work today I’ve caught up on some blogs.  Amazing how we all interpret the chapters in different ways.  Maitland’s blog made me laugh, Lisa has managed to break herself, Kyle is working on centrifuges and sugar, and Caitlin has new cows.  This all links into Chapter 5 when Martin starts talking about relationships.  As a distance student I doubt we’ll physically meet many of our fellows, but reading blogs does give an insight into how we all tick.

It looks like I’ll be getting some more study time in.  I had a great run before parkrun on Saturday morning.   Just shy of 8k in the dark and the pouring rain.  I haven’t run in the rain or in the dark for ages.  The Zombies, Run mission was great and I was soaked to the skin.  It was awesome. Though it was a bit painful.

morning run saturday 20 april

About three months ago there were indications that something had come adrift internally.  After much abuse by Mrs Feasey and my work colleagues I finally went to the doctors and I have an ultrasound next week.  This means unfortunately I’m going to have to stop running for a week. Hopefully it’s nothing too drastic and I can get back out soon.  I do get a bit rangry (grumpy due to lack of running) if I have too much of a gap.

This gives me some increased study time.  Speaking of which, while everyone else is slowly rising in the Feasey household I’m going to have another cup of tea and read Chapters 5 & 6.

Happy Studies folks.

 

 

 

 

It all adds up, except when it doesn’t

I have spent an entire evening on my spreadsheet.  I’ve watched the videos, more than once.  I’ve read the chapter, many times.  I’ve looked over Martins examples.

I’ve identified my O’s and F’s.  I’ve put all the numbers into all the spreadsheets.  I’ve done the checks to ensure that the component parts correspond correctly to the source data.  Shouldn’t be a problem.   But it is a problem!

The NFA + Equity calculation doesn’t match the NOA!  and The total comprehensive income for the year is out as well.

I don’t know why!  It all adds up, until it doesn’t and I can’t work it out.  I think it’s a calculation error as I’ve a lot of negative numbers in the sheet.  I can get it to work, though I’m not entirely sure if I’m going about it the right way.  It’s quite possibly a silly error that I’ve overlooked from staring at it for too long.  I would like to find it though.

If anyone would care to take a look and guide me in amending the error I’d really appreciate it.

GALLIFORDTRY Company Spreadsheet FEASEY

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.

Chapter 4, what is it good for?

Every time I see KCQ in my head I read this as Keep Calm and Carry On!

220px-Keep-calm-and-carry-on-scan.jpg

Don’t ask me why, I have no idea, but it makes me laugh every time.  So keeping calm and carrying on is exactly what I am trying to do.

The feedback on my ASS#1 was to work harder on my KCQ’s which is proving to be a bit of a challenge.

Chapter 4!  You are really testing me!

I had four attempts last night to assemble my KCQ’s on chapter 4.  The only thing I was certain of is Euclid will likely win me a point in a trivia contest and nothing more.

There is so much information in that chapter and all of it makes sense.  The challenge is to make sense of it in the form of KCQ’s.  In the end I gave up and restated my SOCIE instead.

Fortunately Step 1 is not due until the 23rd and we have a PASS session this evening.  I’m hoping the assembled brains trust will provide sufficient inspiration to get this done.

In the meantime.

acct11059-keep-calm-and-write-kcq-s

Happy Studies!

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!

The mind bloggles!

When I started this unit I was a bit put out about the need to write a blog and be so interactive as part of the process.  After all I came here to learn accounting and where the numbers go,  I didn’t come here to blog!  A blog is what I do for fun, not as part of a university unit.

After a bit of reflection and some sage advice from my wife, “get on with it idiot and stop complaining, you know how this game is played!”  I did what she suggested and got on with it.  A very astute woman is Mrs Feasey.

Because of who I am, I can’t just do a token effort to meet the minimum standard, it’s all or nothing.  I also can’t stop myself from sharing my experiences and trying to help.

So despite my initial thoughts of “what’s the point?”, I can completely see the point of the exercise and I seem to have gotten right into it.

Writing blogs is fun, it can definitely open up a new world for those unfamiliar with it and providing comments and support to others through blogs is immediately helpful and actually a really good idea.  Well done Martin for coming up with that one.

This post is not about me though, it’s about others and who I consider to be the top 3 blogs I have come across on the unit so far.  With over 300 participants on this unit there is not chance I’m going to see all of the blogs, though I am giving it a red hot go and following about 50.  This alone makes it a tough decision.

Not being one to arbitrarily decide anything, there’s got to be at least some criteria and I’m going with

  • layout – how does it look and feel, can I find posts easily
  • content – what’s in there, is the course criteria being met
  • style – how is it written, does it engage me as a reader

There are some really strong contenders and I wrote about some of them in a previous blog post last week.  A couple of additional mentions before I declare the one’s I enjoy the most so far.

Mel Sergiacomi, Naija Farcancy Gayle Black Maitland Bezzina Karen (sorry can’t find her surname) Dayanara Lopez  and Kym Hof

I enjoy all these blogs for various reasons, including the fact that they just make me smile.  Go check them out if you’ve the time and follow their links to others and share the love.

In the end there a can be only one  three Highlander and in no particular order

Claudia Turiano

I came to Claudia’s blog via Shannon Pengelly . Shannon’s blog is well worth a look btw.  Claudia’s blog is very well laid out, I like the style, the content and the level of self reflection.   I appreciate a good meme and a good quote and Claudia has a good balance so far in the blog.

Lisa O’Neill

I reckon Lisa’s just warming up.  She’s got a dry sense of humor and I’m getting a feeling that if she really let’s it rip it’ll be a doozy.  I like her style, honesty and can relate to her challenges of study and managing life with teenagers.  Her content is good and she’s on track with the requirements.

Sonia Elizabeth Lopez Gomez

I think Sonia is doing a cracking job.  Again I like the style and layout of her blog and she’s put some great content on it. I like the way she laid out her company profile nice and clearly. What put Sonia in the top 3 was the time she took to go through the ASS#1 requirements and break it down nice and easy for everyone.  This is great leadership and support behavior and sets a great example to others on what good looks like.

That’s the top three at this time.

What I’ve enjoyed is that we’re all, me included, coming to grips with a new concept of learning and communication.  I’ve enjoyed reading my peers reflections on how they got here and what their goals are.  We’ve all got access to the same base information in the study guide and everyone has a different company.  What’s been interesting is the way that each student has gone about interpreting and presenting their information and this is great to read and review.

I’ve enjoyed reading the blogs, the KCQ’s and the company information.  I’ve commented where I think I can add value and I have been appreciated by others.  It would be fantastic to be able to acknowledge the great parts of all 55 blogs I follow, unfortunately breakfast and work is going to take priority.  Maybe in a future post.

As I mentioned earlier at the start I really didn’t understand the point of an accounting blog, but I do understand it now.  It’s a great medium to encourage communication, one of the key aims of the unit, collaboration and learning.  It’s also fun and when we have fun we learn more.  Kudos to Martin for this stroke of genius.

Kudos