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 is 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 🙂