Well, Chapter two. What a read. Not really sure what else to write. It took me three days to read as I felt like I was reading something in another language. I lot of it I re-read and I’m not actually sure that anything sunk in. Anyone else have the same issue?

Accounting is a game but it isn’t, it has a lot, A LOT, of written rules, but there aren’t rules for everything. Accounting standards are set by Boards that are adopted by international standards that are developed by an international board. There are more acronyms then I’m sure there is space in my brain to remember them. If I

had a brick wall, I know what I’d be doing with it with my head.

I also got my company. Haven’t had much of a chance to read a lot about it yet. It isย  called GP Industries. GP Industries is an international firm that deals in the development, manufacturing and marketing of batteries, battery related products and electronics.

I must admit that I had a bit of trouble finding the company’s financial statements. The first ones I found were all just over 100 pages containing the directors statement, an independent auditors report and multitudes of consolidated statements. I kept on bumbling on and eventually found the firms financial statements: full yearly results. They look a LOT better to read and to try to interpret then the first reports.

So, now that I’ve semi updated where I am at, I am now off to re-read chapter two, read chapter 3 and watch the presentation in inputting data into a spreadsheet.

Hope everyone else is having as good a day or better then I am!

Bye for now ๐Ÿ™‚

 

4 thoughts on “Chapter Two

  1. It’s nice to see someone else has the same thoughts as me. I understand one language, English and I swear, what I have been reading is not in that language. I hear ya on the brick wall comment as well. The thing that is killing me is the KCQ’s. I have read everything on how to write them. Examples of the the exemplar etc. Still I just I don’t grasp the whole write down ya thoughts on it. Maybe by the end of this subject if nothing else I will have that side of things!

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    1. You most definitely are not alone! I thought I knew English quite well but now I’m not so sure.
      The KCQ’s whilst fun to make up questions I do struggle with, particularly with writing down and sharing my own thoughts. We will get through this together!

      Liked by 1 person

  2. Hi Jessie
    I totally understand your concerns regarding the annual reports. They are bigger than Ben Hur! I’m looking at my company’s (which is AHG Ltd) annual report which has 150 pages. Sounds to me like you are getting there though. Keep up the good work! ๐Ÿ™‚
    Kind regards
    Jo

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  3. Hi Jessie

    I’m pretty sure there’s a lot of us that are a bit overwhelmed with all this new info. I often have to read things multiple times for it to sink in. I find writing key points down helps me to understand and retain the information.

    Initially I thought I’d drawn the short end when it came to lengthy annual reports, but so far mine seems to be one of the shortest at 83 pages. I have Fleetwood Corporations which is based in Perth, they manufacture caravans and temporary accomodation etc. Not the most interesting firm, but at least their website is straight forward.

    All the best ๐Ÿ™‚

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