Be yourself; Everyone else is already taken.
— Oscar Wilde.
This is the first post on my new blog. I’m just getting this new blog going, so stay tuned for more. Subscribe below to get notified when I post new updates.
ASSESSMENT 1 STEP 2-6 FINAL UPLOAD
STEP 2:
LINK TO MY BLOG:
Home
STEP 3: MY COMPANY INCLUDING KCQs
ANNUAL REPORT LINKS
INITIAL REACTIONS
With things moving at a much faster pace than I expected, we’re now at week three of my first semester of University. Accounting has proven to be much more of a delight than expected and thankfully, I seem able to handle the workload with ease. Step 1 of the assignment was a success aside from the fact that I mistakenly handed it in two days late… This was on the account that I stupidly did not realise that Assessment 1 requires us to upload sections of the assignment week by week rather than all at once upon completion. After this slight discrepancy, I decided to thoroughly re-read every aspect of the assignment and subject to ensure that I had my head wrapped around the entirety of the semesters requirements. Not wanting to dwell, I quickly moved on to locating the company that I had been allocated for this particular task.
Relief washed over me as I soon found that I had been delegated JD Sportswear as my listed company, one that I am very comfortable and familiar with. Being a regular shopper of the sportswear store, I immediately became excited to commence assessment one as fashion happens to be something I’m particularly interested in. I’ve recently been involved in planning the production of a leather bag company that I hope to eventually start up, which is why I’m extremely excited to have JD sportswear as my company. This got me thinking into the benefits that this assignment could possibly provide me with and hopefully insight into the intricacies that surround the accounting aspect of a fashion company?
THE COMPANY
With no further delay, I began the research stage hoping to thoroughly examine as much information on JD Sportswear as possible.
I searched for videos, articles and blogs on my firm hoping to gather a better understanding of the intricacies that surround it. I then uploaded the links on to my blog hoping that others would comment or make an input to give me any further information they might know of.
JD Sports Fashion PLC is a leading retailer of sports, fashion and outdoor brands. The group was established in 1981 in England and is a primary international multichannel retailer of sportswear. The company combines globally recognised sportswear including the likes of Adidas, Puma and Nike; as well as its own brand labels, to give a compelling proposition to its numerous consumers. The company have since extended from the UK into realms throughout the Asia pacific and quite recently America. The first thing that caught my attention was the word internationally. JD Sportswear has over 2,400 stores worldwide. In terms of fashion, the word international can be a blessing or a curse either helping a company to excel or hindering them from succeeding on the basis of international differences. Could them being an international brand place barriers and obstacles for various aspects of the company? Does it make the functioning of the company more difficult? I will be interested to see how such a big company runs internationally and how it continues to stay afloat in such a fast-paced changing society.
EXAMINATION
Skimming through the three Annual reports, the first thing that caught my eye was that each report began with a Chairman’s statement highlighting the opportunities, challenges, milestones and so forth of the reported year. The basic structure of the reports was divided up into sections consisting of a Strategic Report, Governance, Financial Statements and final Group Information. This layout made it easier for me to understand and extract necessary information out of each report enabling me to fluidly flow through my research into each report. I found the reports to be fairly graphical and visually representative with numerous images, colours and graphs to keep me engaged.
To ensure that I would understand the terminology when reading the report, I skimmed down to the glossary to explore any terms that I may have been unfamiliar with. This is where I came across the term, EBITDA, which stands for Earnings before exceptional items, interest, tax, depreciation and amortisation. Never having come across this term, all I could think of was ‘what the hell?’. Is this a special accounting term? Will I continue to come across it further in the unit? I then chose to partake in some thorough research to make sure that I had my head wrapped around the term and what it’s all about.
The report then included a basic timeline of major events that had occurred over the past 30 years. This gave me a basic idea of how far the company had come. I found that in 2005, 57.5% of the JD Sports group had been bought by the Petland Group Plc. Who are they? What did this mean for the company? How then was the revenue and earning distributed? I then moved on to see that in 2017, JD Sportswear opened their first ever Melbourne store.
The first piece of information I noticed in the 2019 report was a table showing a basic record of the revenue earnt over the past 4 years. I could quickly see the huge rise in revenue each year hinting promising signs of how successful the JD Sports has become. In just four years, the revenue had increased from £1522.3m in 2015 to £4717.8m in 2019. According to the 2019 report, the headline profit has had a compound rise in a whopping excess of 37% per annum over the last 4 years. Is this increase expected for a company as big as JD Sports? How does it compare to similar companies around the world? The report then when on to state that the total revenue had increased from £3,161.4 million in 2018 to £4,717.8 million in 2019. This shocked me. How can a company’s total revenue increase by almost 50% in just one year? Could it be due to online accessibility? Or just through opening new stores? Regardless, this incredible margin clearly proves how successful the firm has been over the year and hopefully gives insight to what is to come.
As expected, I soon came across the term EBITDA, with the firms increasing by a further 26.8% from £385.2 million in 2018 to £488.4 million in 2019. The increase in EBITDA suggests that the company has had a significant year in terms of sales with the EBITDA expanding by over £1 million. This got me thinking into what aspect of the business has caused this incredible upsurge? Is it one thing in particular or just the general organisation of the company? This is definitely something I’d like to look into when completing this assignment.
A part of the report that came to my attention was the segment which highlighted JD Sports involvement in charitable funding. In 2018, JD Sportswear supported 13 principal charities, raising an exceptional £2.5m with 92% of funds received donated to charity. I’m extremely impressed with the efforts of the company and wonder what drove them to implement this scheme? What affect did it have on their yearly report? Did it help or hinder their total income for the year?
As I finished reading the report, I came across a few terms and concepts that I didn’t quite fully grasp. Concepts such as ‘headline profits’, ‘dividends’ and ‘earnings per share’, are definitely things I hope to look into as the remainder of the assignment progresses. I’m hoping Step 4 will enlighten me with the necessary procedures needed for general accounting.
TOP 3 BLOGS
Louise’s blog proved to be my absolute favourite when browsing the rest of my peers efforts. She manages to combine assertiveness and easy to understand tools with humour and a sense of light heartedness. The layout of her blog is exceptionally clear making it easy to navigate around her page. Her clever headings made her blog more entertaining to read and kept me eagerly engaged.
Her allocated firm was Iberdrola, a Spanish owned utilities company. Although she at first freaked out about her company, being so unfamiliar with it and so forth, she soon came to realise that it wasn’t a bad thing after all. Louise has managed to keep on top of all expectations proving to be an exceptionally organised student (which shows through her work). Her answers to Step 3 and 5 were particularly impressive, with her KCQ’s being clear and present. I’ve walked away from Louise’s blog feeling inspired with the hope that I can adopt some of her techniques for my own blog.
https://chlodanielle.home.blog/
Chloe’s blog is once again filled with light heartedness yet structure, causing it to fall into my top 3 listed blogs. Once again, her listed company was not one of huge appeal, yet she still acknowledges that in the end it worked in her favour. Similar to mine, Chloe’s company (Pho Sheng) is a sportswear retailer in China. This struck my attention as both Chloe and I had been given companies related to the fashion industry making me very interested in the way she’s gone about her blog. Throughout her blog, Chloe’s enthusiasm and excitement displayed through her writing kept me engaged. The subtitles were easy to understand, and the content provided throughout the blog is extremely insightful and informative. Chloe really digs deep into her opinions and thoughts, which kept me thoroughly engaged. The article she posted on her blog caught my attention as it relates to ownership of the company. Like my company in 2015, Pho Sheng was bought out. I’ll be interested to see how it all turns out for Chloe’s company and will be regularly checking her blog out for more posts.
https://cherieaccounting.school.blog/
My last favourite blog that I came across happens to be Cherie’s. Clear and concise, her blog presents a charismatic yet formally placed out structure. Her use of images throughout the text of her blog really breaks up the text making it easier for me to read. Cherie personally goes into depths about her strengths and weaknesses as well as the challenges and obstacles she’s had in regard to Accounting and assessment 1. She was quick to inform us that she loves numbers and was thrilled with her assigned company, Scania. Scania is a company that sells transportation vehicles such as trucks and busses. Like my company, Cherie states that there has been a large increase in sales over the past year and it’s her job to discuss why. Cherie proved to be very up to date with her blog with all her posts and drafts being clearly posted and labelled before their due dates.
INTERACTION WITH PEERS
In regard to my interaction with my peers, I have tried to initiate a small goal for myself that entails a daily reminder set on my phone to check the group Facebook page and the group discussion forum on Moodle. At the beginning of the assignment, I was a little concerned about the high expectancy of interacting with others as a major component of the marking scheme. How could they grade me on whether or not I talk to my peers through an online portal? How is this going to benefit? After some further consideration and as I began to partake in online communication, I soon came to realise how beneficial this component of the assignment has proven to be. By me integrating and communicating with my peers, I managed to solve any issues and questions I continually acquired as I went along. Additionally, the push to be constantly looking at other peers blogs has help me maintained my organisation in a way that I am constantly being reminded of where I should be up to in terms of the assignment.
STUDIOSITY
After submitting my assessment into Studiosity, I can most definitely say that I am highly impressed with the logistics of the system. I received my feedback within just 24 hours and was provided with numerous comments on structure, grammar and the overall quality of my work. The comments were useful and constructive and allowed me to relook over my work with the hope of enhancing the general quality. I forgot to mention the acceptance of the use of first person when uploading my document so was obviously scolded for this, however the feedback relating to sentence structure and grammar was extremely useful. Overall, I found the process extremely beneficial and will most definitely continue to use Studiosity for further assessments.
STEP 4 : SPREADSHEET
Step 4 can be found in a separate spreadsheet uploaded to Moodle.
STEP 5 : REFLECTION ON CHAPTERS 2 and 3 INCLUDING KCQs
The road to completing assessment 1 continues and I have decided to attack step 5 prior to step 4 on the basis of personal time management. I then found that many of my fellow peers had additionally taken this path when scrolling through some of their blogs. In his introduction letter, Martin continually reinforced how important reading the Study Guide would be and precisely how important reading it whilst taking into consideration KCQ’s would be. I wanted to make sure that whilst reading the guide, I would extract any key points acquired and consequently break them down until I had complete understanding of them. I began with printing off the guide so that I could manually highlight any significant points. One thing I like about Martin’s approach to teaching, represented through his Study Guide, is the way he personalises the work he’s trying to teach to make us less intimidated by the over flux of information. As opposed to having an eight-hundred paged, tedious, academic textbook, he manages to break information down and communicate it across in an easy to understand way that keeps me engaged and interested.
Chapter 2 enlightened me with a great deal of valuable information. Martin covers a variety of topics including equity investors, accounting standards and frameworks, accrual accounting and finally financial statements and how to assess them. He introduces us to the two key qualities when reading a financial report and finally asks us to question whether or not these financial statements either help us or hinder us to understand a firm’s economic and business realities. Martin begins by imposing on us the question, ‘Is accounting a game?’. At first, I pondered on this trying to understand why someone would label such a serious matter/profession as a game? Could he mean it in terms of say a mathematics game? Martin further went on to highlight just how important it is to ‘understand the rules of the game’. Intrigued by this, I soon found that firms have many regulations and rules placed on them when they plan to provide financial information to individuals and the public/ or anyone outside their firm. To me, this makes total sense. A firm’s financial information has become of increasing interest and is extremely valuable in every aspect. When releasing it to the public, it needs to be specific, accurate information right? If firms could release whatever information they wanted with no real restriction or rules, no one would understand business realities and I would expect the entire business world to be in utter shambles. The chapter highlights how important firm’s financial statements have become, not just to equity investors and debt, but to various other groups such as taxation authorities, employees and customers, all having a genuine interest in these statements. It really made me consider just how many shareholders and various groups are involved in the overall operation of a firm and the financial intricacies within it. Martin differentiates financial accounting and management accounting, which from my interpretation, is NOT different sets of accounting data, just different ways of presenting accounting information across to different people, depending on whether they stand inside or outside a firm. This key point brought me to consider how different these two different financial reports would be? How much more private would the information found in management accounting be in comparison to financial accounting?
Martin goes on to explain the logistics of accrual accounting which I had previously read about in the week two lecture notes and Chapter 1 of the Study Guide. Martin explains how accrual accounting is just one notion that determines how a financial report may be put together. Accrual accounting relates to a firm selling a product but not necessarily receiving a payment straight away. I thought of the whole ‘Afterpay’ concept and what impact it might have on how financial reports are put together. This is definitely something I want to look further into out of personal interest.
The two key qualities of information in financial statements are as Martin states, relevance and faithful representation. Quality versus quantity has always been a topic of debate whether it be in regard to accounting, mathematics or data collected from science. Through the chapter, Martin explains how these two qualities can determine how accurate the insights into the economic and business realities of a firm really are. This pushed me to relook over the financial statements of my chosen firm and really consider how truthful and qualitative the information presented in the reports are. If the information were of lower quality, would it hinder rather than help my efforts to understand my firms economic and business realities? Although businesses are to follow a set of rules when producing a financial report, my concern is the reliability of the report being truthful and realistic. Whilst majority of a financial report focuses around numbers, when reading my listed firms, I did notice that a large part of the statements made were based off of assumptions. Martin mentions that when accountants assess the economic consequences of business activity within a firm, it can in fact be subjective. Assumptions are needed to be made throughout a financial report, whether they be accurate or not.
Throughout Chapter 3, Martin introduces us to the key financial statements within our listed report that we will be focusing on. As soon as I read the introduction to this chapter, a wave of relief washed over me. As I have never had any experience in the world of accounting, when I first read the financial reports for my listed firm, I admittedly felt overwhelmed. There were numerous words, phrases, headings and tables that I was completely unfamiliar with, so I started to panic. Throughout Chapter 3, Martin breaks down the four general purpose financial statements that are of focus for this assessment putting me at ease. The Balance sheet, Income statement, Statement of changes in equity and Statement of cash flows are the financial statements that we will be taking a closer look at. I scrolled through my 2019 annual report for JD Sportswear to locate each of these financial statements so that I could read through the remainder of Chapter 3 whilst consecutively referring back to my firm’s statements as I went. As I examined each financial statement, I had Martins descriptive explanation of exactly what they are and what they entitle to go along with me. I found this extremely useful as I now knew exactly what each statement represented and what exact financial aspects I was going to be exploring within my chosen firm. I found it interesting that a firms Balance sheet only represents one day out of a whole entire year. How could this possibly be valid information? The balance sheet entails three of the five elements of accounting – liabilities, assets and equity, all of which I am now fairly familiar with. I found going through JD Sportswear’s balance sheet extremely interesting as it gave me insight into these elements which I could then compare with other fashion firms for personal interest. Martin then discusses the income statement and how it is used to demonstrate changes within a firm over a period of time. From this I gathered that the income statement would establish how various equity investors are impacted within a firm based on revenue and expenses. I wondered if the income statement would be the one of most interest to majority of the stakeholders involved in a firm?
Martin continues to examine subsidiary companies and how financial reports work for firms with a number of investments and partnerships. I know that 57.5% of the JD Sports group is owned by their parent company (Petland Group Plc). When browsing through JD Sportswear’s annual report, I notice that there are two sets of financial statements – both company and consolidated. From Martins notes, I ensure that I only assess the consolidated financial reports for the purpose of assessment 1.
After searching through my report, I did come across the term ‘non-controlling interests’, which means my firm doesn’t own 100% of the equity in all its subsidiary companies. From my understanding that means that the profit and loss is distributes much further than just the parent company, but I’m hoping as I complete my Step 4, I will gather a better understanding of this concept?
Martin’s Study Guide has helped me to stay engaged in the assignment by assisting me to develop a better understanding of the various concepts presented through this accounting path. Through his informative descriptions, I’ve been able to grasp a handle on this new world of accounting.
STEP 6: FEEDBACK TO PEERS
FROM: HANNAH GRENOVLD
TO: LOUISE EDWARDS
| My Comments | |
| Step 1 KCQs | – |
| Step 2 | Louise has clearly done a fantastic job at setting up her blog and giving us a friendly introduction to herself. She’s clearly one to like blogging as each post is lively, engaging and entertaining. Louise has done a great job at setting up her blog and keeping her posting frequent. Well done Louise. |
| Introductory words in Description box | |
| Photo and description | |
| Link to your blog/Set up blog | |
| Step 3 | Louise has down an outstanding job in discussing the background of her firm. She uses images and links to assist in a very descriptive and informative insight into her firm ( Iberdrola) and the challenges they are facing. Louise uses numerous KCQs throughout her work making her text entertaining and engaging to read. Louise has probably been the most active person I have seen in terms of blogging, and her engagement with others through the blogs is present, frequent and relevant. |
| Background information on company | |
| Comments/KCQs | |
| Comments on other’s blogs | |
| Step 4 | Louise’s financial spreadsheet looks perfectly accurate. Great layout Although I didn’t thoroughly check each number with her annual reports, it all looks to be correct |
| Input company’s financial statements | |
| Step 5 | Fantastically structuredGreat use of context Descriptive language Louise uses emotive language that personalises the text, so it really feels like I’m reading into her from the get go. |
| KCQs | |
| Step 6 Individual feedback with others | Louise has by far impressed me the most in regard to communicating with peers. She regularly comments and provides feedback on all forms of communication from Moodle, to Facebook, to other peer’s blogs. |
| Overall ASS#1 | I thoroughly enjoyed reading Louise’s blog and attached work. I have become inspired by her work ethic and motivation which is clearly presented through her work and hope to take a page out of her book for future tasks. Fantastic effort Louise. |
FROM: HANNAH GRENOVLD
TO: MEAGHANN PEARCE
| My Comments | |
| Step 1 KCQs | – |
| Step 2 | Meaghann successfully introduced herself on her profile in model as well as her blog. Her photo is clear and beautiful and she has done a great job with the layout of her introduction. Her blog heading is hilarious, and I enjoy the imagery used in the display of it. Clever and creative, well done. |
| Introductory words in Description box | |
| Photo and description | |
| Link to your blog/Set up blog | |
| Step 3 | Meaghann uses clear and concise language in her work making it easy for me to follow. She has done a fantastic job with her KCQ’s and the general layout of her work. Her descriptiveness in providing us with background information on RELX (her listed company) is outstanding and engaging. For such a say ‘boring’ company, Meaghann somehow manages to keep me interested and entertained. She could have maybe raised a few additional questions through her work. |
| Background information on company | |
| Comments/KCQs | |
| Comments on other’s blogs | |
| Step 4 | Fantastic layoutClear and concise Nice blue colours Neat small, clean font Numbers area all aligned |
| Input company’s financial statements | |
| Step 5 | Great use of KCQ’s in her step 5 Whilst obviously using first person is hard, just try to stay formative (maybe don’t use the work ‘yay’)Few grammar errors (not a bug issue)Informative and interesting Kept me engaged through her clear language |
| KCQs | |
| Step 6 Individual feedback with others | – |
| Overall ASS#1 | Meaghanns blog was highly entertaining with the layout and standard of the blog being the highlight. She has taken a good shot at this assessment which reflects nicely through her work. Very good job. |
FROM: HANNAH GRENOVLD
TO: BRITNY GOODWORTH
| My Comments | |
| Step 1 KCQs | – |
| Step 2 | Britny successfully introduced herself on the forum and additionally on the blog and clearly displayed a nice picture along with it. Her blog looks fairly good however the layout could maybe be slightly clearer. Overall, great job on this step. |
| Introductory words in Description box | |
| Photo and description | |
| Link to your blog/Set up blog | |
| Step 3 | Britny successfully describes her company and the technicalities that surround it. She uses formative and descriptive language making her work easy to follow. I didn’t see her comment on the likes of others work but she did state that this was a rough draft. Britny probably could have gone into more depth in relation to her KCQ’s. |
| Background information on company | |
| Comments/KCQs | |
| Comments on other’s blogs | |
| Step 4 | Overall great spreadsheetAll looks neat and conciseCorrect use of numbers in correct spots |
| Input company’s financial statements | |
| Step 5 | Not complete |
| KCQs | |
| Step 6 Individual feedback with others | Not complete |
| Overall ASS#1 | Britny has done a fantastic job for the work she’s provided us with. There is a lot missing but I take it she just hasn’t uploaded an updated version. Her blog looks good, just needs to converse more with her peers on the various forms of online communication. |
ANNUAL REPORT EXAMINATION AND KCQ’s
EXAMINATION OF ANNUAL REPORTS
Skimming through the three Annual reports, the first thing that caught my eye was that each report began with a Chairman’s statement highlighting the opportunities, challenges, milestones and so forth of the reported year. The basic structure of the reports was divided up into sections consisting of a Strategic Report, Governance, Financial Statements and final Group Information. This layout made it easier for me to understand and extract necessary information out of each report enabling me to fluidly flow through my research into each report. I found the reports to be fairly graphical and visually representative with numerous images, colours and graphs to keep me engaged.
To ensure that I would understand the terminology when reading the report I skimmed down to the glossary to explore any terms that I may have been unfamiliar with. This is where I came across the term, EBITDA, which stands for Earnings before exceptional items, interest, tax, depreciation and amortisation. Never having come across this term, all I could think of was ‘what the hell?’. Is this a special accounting term? Will I continue to come across it further in the unit? I then chose to partake in some thorough research to make sure that I had my head wrapped around the term and what its all about.
The report then included a basic timeline of major events that had occurred over the past 30 years. This gave me a basic idea of how far the company had come. I found that in 2005 57.5% of the JD Sports group had been bought the Petland Group. Who are they? What did this mean for the company? How then was the revenue and earning distributed? I then moved on to see that in 2017, JD Sportswear opened their first ever Melbourne store.
The first piece of information I noticed in the 2019 report was a table showing a basic record of the revenue earnt over the past 4 years. I could quickly see the huge rise in revenue each year hinting promising signs of how successful the JD Sports has become. In just four years, the revenue had increased from 1522.3m in 2015 to 4717.8m in 2019. According to the 2019 report, the headline profit has had a compound rise in a whopping excess of 37% per annum over the last 4 years. Is this increase expected for a company as big as JD Sports? How does it compare to similar companies around the world? The report then when on to state that the total revenue had increased from £3,161.4 million in 2018 to £4,717.8 million in 2019. This shocked me. How can a company’s total revenue increase by almost 50% in just one year? Could it be due to online accessibility? Or just through opening new stores? Regardless, this incredible margin clearly proves how successful the firm has been over the year and hopefully gives insight to what is to come.
As expected, I soon came across the term EBITDA, with the firms increasing by a further 26.8% from £385.2 million in 2018 to £488.4 million in 2019. The increase in EBITDA suggests that the company has had a significant year in terms of sales with the EBITDA expanding by over £1 million. This got me thinking into what aspect of the business has caused this incredible upsurge? Is it one thing in particular or just the general organisation of the company? This is definitely something I’d like to look into when completing this assignment.
A part of the report that came to my attention was the segment which highlighted JD Sports involvement in charitable funding. In 2018, JD Sportswear supported 13 principal charities, raising an exceptional £2.5m with 92% of funds received donated to charity. I’m extremely impressed with the efforts of the company and wonder what drove them to implement this scheme? What affect did it have on their yearly report? Did it help or hinder their total income for the year?
As I finished reading the report, I came across a few terms and concepts that I didn’t quite fully grasp. Concepts such as ‘headline profits’, ‘dividends’ and ‘earnings per share’, are definitely things I hope to look into as the remainder of the assignment progresses. I’m hoping Step 4 will enlighten me with the necessary procedures needed for general accounting.
MY FIRM: JD SPORTSWEAR
THE COMPANY
With no further delay, I began the research stage hoping to thoroughly examine as much information on JD Sportswear as possible.
I searched for videos, articles and blogs on my firm hoping to gather a better understanding of the intricacies that surround it. I then uploaded the links on to my blog hoping that others would comment or make an input to give me any further information they might know of.
JD Sports Fashion PLC is a leading retailer of sports, fashion and outdoor brands. The group was established in 1981 in England and is a primary international multichannel retailer of sportswear. The company combines globally recognised sportswear including the likes of Adidas, Puma and Nike; as well as its own brand labels, to give a compelling proposition to its numerous consumers. The company have since extended from the UK into realms throughout the Asia pacific and quite recently America. The first thing that caught my attention was the word internationally. JD Sportswear has over 2,400 stores worldwide. In terms of fashion, the word international can be a blessing or a curse either helping a company to excel or hindering them from succeeding on the basis of international differences. Could them being an international brand place barriers and obstacles for various aspects of the company? Does it make the functioning of the company more difficult? I will be interested to see how such a big company runs internationally and how it continues to stay afloat in such a fast-paced changing society.
INITIAL REACTIONS
INITIAL REACTIONS
With things moving at a much faster pace than I expected, we’re now at week three of my first semester of University. Accounting has proven to be much more of a delight than expected and thankfully, I seem able to handle the workload with ease. Step 1 of the assignment was a success aside from the fact that I mistakenly handed it in two days late… This was on the account that I stupidly did not realise that Assessment 1 requires us to upload sections of the assignment week by week rather than all at once upon completion. After this slight discrepancy, I decided to thoroughly re-read every aspect of the assignment and subject to ensure that I had my head wrapped around the entirety of the semesters requirements. Not wanting to dwell, I quickly moved on to locating the company that I had been allocated for this particular task.
Relief washed over me as I soon found that I had been delegated JD Sportswear as my listed company, one that I am very comfortable and familiar with. Being a regular shopper of the sportswear store, I immediately became excited to commence assessment one as fashion happens to be something I’m particularly interested in. I’ve recently been involved in planning the production of a leather bag company that I hope to eventually start up, which is why I’m extremely excited to have JD sportswear as my company. This got me thinking into the benefits that this assignment could possibly provide me with and hopefully insight into the intricacies that surround the accounting aspect of a fashion company?
Links to articles and videos about my firm
Week 1
I’m here writing this blog with the hope to attack week 1 of accounting with commitment and confidence. Ensuring that im careful to not fall behind, i want to take a quick approach to the start of term. Starting off with reading the introduction to the unit and then chapter 1, i will be sure to head straight to Peerwise to begin communicating online.
Introduce Yourself (Example Post)
This is an example post, originally published as part of Blogging University. Enroll in one of our ten programs, and start your blog right.
You’re going to publish a post today. Don’t worry about how your blog looks. Don’t worry if you haven’t given it a name yet, or you’re feeling overwhelmed. Just click the “New Post” button, and tell us why you’re here.
Why do this?
- Because it gives new readers context. What are you about? Why should they read your blog?
- Because it will help you focus you own ideas about your blog and what you’d like to do with it.
The post can be short or long, a personal intro to your life or a bloggy mission statement, a manifesto for the future or a simple outline of your the types of things you hope to publish.
To help you get started, here are a few questions:
- Why are you blogging publicly, rather than keeping a personal journal?
- What topics do you think you’ll write about?
- Who would you love to connect with via your blog?
- If you blog successfully throughout the next year, what would you hope to have accomplished?
You’re not locked into any of this; one of the wonderful things about blogs is how they constantly evolve as we learn, grow, and interact with one another — but it’s good to know where and why you started, and articulating your goals may just give you a few other post ideas.
Can’t think how to get started? Just write the first thing that pops into your head. Anne Lamott, author of a book on writing we love, says that you need to give yourself permission to write a “crappy first draft”. Anne makes a great point — just start writing, and worry about editing it later.
When you’re ready to publish, give your post three to five tags that describe your blog’s focus — writing, photography, fiction, parenting, food, cars, movies, sports, whatever. These tags will help others who care about your topics find you in the Reader. Make sure one of the tags is “zerotohero,” so other new bloggers can find you, too.
Hannah's Blog for ACCT11059 