Discussion with Other Students and Tutor in the Course

Throughout this assignment I have discuss my company and other people’s company face-to-face and on their blogs. First of all I like to mention that I have commented on three companies through their blogging page. If you click on the students names it will take you to there I have commented about their companies. Madison Briskey, Jade Tringale and Sarah Ellen have fantastic blogs until I read their blog I had no idea Cellnet Group Ltd, Joyce Corporation Ltd and Abcam was companies. I have more knowledge now about these three companies after interacting with their bloggers page.

The second discussion I had was with Matthew Barone who is in the same course on the 23^rd of March. I told him about “Oz Brewing Ltd” and he told me about “Big Air Ltd” – which is a telecommunication company. This discussion happened face-to-face about both our company’s Financial Statements. After discussing his financial statements and looking at me I realised there was something seriously wrong with my company. This is when I started to look into the background information to figure out why “Oz Brewing Ltd” had made a loss for the last three years.

The third discussion I had was with Grace Taylor, Rikki Knight and Jessica Atkins in the Using Accounting for Decision Making tutorial class. On the 25^th March I helped Grace Taylor, Jessica Atkins and Rikki Knight with their company’s spreadsheet to do with excel formulas for the Statement of Movements in Equity, the Income Statement and the Balance Sheet. By doing this it reinforced the principles of accounting and we were able to see any corrects that a person made. One error we found was in Grace’s Statement of Movements in Equity, she had accidently forgot to put the amount in as negative instead she put possible which made her Statement of Movements in Equity greater than what the company had recorded. We also told about the lengths of our Annual Reports and realised that all four of us have received a small company – which we are happy about.

The fourth discussion I had was with John McGrath relating to the Statement of Movements in Equity. The discussion was to do with the Comprehensive Profit / (Loss) for the year, the company I was given just shows one line with the amount in it where other companies shows the breakdown of the Comprehensive Profit / (Loss). I asked John McGrath if I had the right statement of was the information somewhere else, he then told me it could be on the bottom of the Profit or Loss Statement however it was in. John McGrath then advised me to record the Comprehensive Profit / (Loss) as the one line. This was one Key Concept Questions a few people had because I know Rikki Knight and Grace Taylor was wondering the same thing.