Here is my draft for Assessment Item 1, to my group please find the relevant information below. Please email me if there are any concerns.
The one part of the assessment that I need guidance/feedback on is the Step 2, thanks.
Step 1
My personal moodle and blog account have
been set up correctly. The moodle account has been edited with a description
box, picture and a link to my blog. My blog can be found here.
Step 2
The most recent Annual Report (2014) of
Gazal Corporation Limited can be found here.
A
Quick Overview
Gazal Corporations Limited is a clothing
retailer that is based in Australia. Michael J. Gazal is the current Executive
Chairman on the Board of the Directors for Gazal, his father Mr. J.S. Gazal was
the founding chairman of the Gazal group.
Gazal has many well-known brands under
their belt and carries a heavy portfolio in retail. Last year Gazal began a
Joint Venture that brings together Calvin Klein Underwear and Calvin Klein
Jeans businesses in Australia and New Zealand. This is one of many examples
that the Gazal group is constantly looking forward into new ventures and has a
large vision for the company. Not only do they have a large vision in their
ability to look ahead, serve customers well and to invest in great
opportunities, they also have made profit each and every year.
Top
3 Blogs
Gee gets
a spot in my top 3 because of the simplicity he uses in his blogs, no
information overload! But I like that he includes links in case you are the
type of person who wants to know more. His blog is here.
Kirsty is in my top 3 because of the fun she
brings throughout her page! She's always talking about something exciting and
therefor bringing her readers in close. Her blog is found here.
Jodie, last but not least is in my blog because
of the well-informed posts that she writes. They are both a learning
opportunity and a knowledgeable reading also! Her link is here.
Step 3
Attached you will find my Company
Spreadsheet of Gazal Corporations Limited, in this you will find the financial
statements compiled together in the attained format. Alternatively click here.
Step 4
At first glimpse I really did struggle to
get my head around this thing called “accounting”. I really did feel like it
was the spotted dog amongst pure white coats, and reading the first chapter it
almost concreted my initial view of accounting. The Author of the Study Guide
Martin Turner proceeded to talk about all the five elements of accounting and briefly
what they meant and how they worked. But seriously, I couldn’t grasp the actual
relevance of the five elements and what they meant. It seemed like an
impossible task. Then Turner started to talk about his life, interests and
personal stories and I was frustrated that I was learning about his life and
not accounting!
How ever, it was this style the turner
wrote in the proceeded to change my stereotypical view of accounting. I have a
few friends that I spoke with prior to starting my course, and ALL of them told
me the accounting was their worst subject and that it was the MOST boring
subject out of the business subjects. So having that initial mindset in place
it was hard to think otherwise. It was Turner’s way that he taught that slowly
change my mind from being absolutely gob smacked at the term accounting, to
have a slight knowledge and the willingness to learn more.
My grandfather last year started to teach
me about the stock exchange and my brain was absolutely all over the place! It
was something that I definitely wanted to learn about and to wrap my head
around but it seemed like something I would do down the track of life. Little
did I know that when I was reading the Chapter’s that Turner had wrote, I
gained more and more knowledge about the same terminology and knowledge that is
used quite heavily in the stock exchange. This came as a little bit of a
surprise and also a passion to put my head down.
Throughout Chapter 3 this knowledge became
more and more evident and the terms that I was reading about became so
applicable in my own ventures. As I started reading about financial statements
and the elements of accounting that we are looking for in companies it quickly
cleared my view of accounting. Turner writes each chapter with a passion to see
his students succeed and it was through Chapter 1 that it soon became apparent
but throughout reading Chapter 3 it became increasingly obvious!
