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transcript

BLOG AND MOODLE LINK

BLOG LINK http://karenthepomhome.wordpress.com/

MOODLE LINK https://moodle.cqu.edu.au/user/profile.php?id=78727

STEP 3 MY COMPANY – JUMBO INTERACTIVE LTD

First Impressions

So, was I nervous about getting my company, only a little bit, but I was praying it was a

company that I had heard of so that I wouldn’t be going in totally blind; coming from the UK,

I guess I was hoping for one from my home land. Was it going to be a company I had heard

of? Of course it wasn’t! But a little bit of research into my company told me that I did know

Jumbo Interactive Ltd, I just didn’t know their trading name and that I had also put towards

their reports for 30th June 2019 as I’ve purchased several lottery tickets since being in

Australia, and not winning a cent back (yet).

ACCT11059 ASSIGNMENT 1 STEP 3-6

Loading up the website, I found it really easy to navigate, the home page was simple with

just 5 headings to choose from. This was appealing to me, and probably will be to lots of

other users as simplicity saves time and you can easily find what you are looking for.

https://www.jumbointeractive.com/

My Company

So, who are Jumbo Interactive Ltd and what do they do? Jumbo is a leading digital retailer

of official and charitable lotteries using the latest technologies. They were founded in 1995

and have an employee base of over 100 people but in excess of 2 million customer

accounts. The head office is based in Brisbane, but they also have an office in North

America. They were listed on the Australian Securities Exchange in 1999 but are also listed

on Berlin, Stuttgart and Frankfurt exchanges. So, there are a couple of my first key concept

questions (KCQ’s), I shall investigate these further on.

Annual Report

https://www.jumbointeractive.com/annual_reports/2018.pdf

Reading through the annual report, which the company clearly use a marketing tool to

promote their success, Jumbo have had a successful year, so why is this? As you go through

the report, one of the biggest areas of success has been the redevelopment of the Jumbo

Lottery Software Platform that delivers a 55% increase in net profit after tax from a 23%

increase in revenue. This is due to the company licensing out the software for others to use

around the globe.

Key Performance Indicators (KPI’s) for the company include

Cost per lead $17.28 – up from $17.09 due to customer acquisition marketing mix.

215k new online accounts – up from 161k due to marketing initiatives and higher

jackpot activity.

$371.13 average spend per online customer – up from $348.40 due to improved

customer activity and higher jackpot activity as well as a positive contribution from

charity games.

438k active online customers – up from 354k due to improved customer activity and

higher jackpot activity.

But what are KPI’s? Key Performance Indicators are what companies use to measure their

performance against the company goals. I’m sure you’ll agree, there is some pretty

impressive reading above, the company seem to be ahead of the game looking at the results

so what is driving this bar the redeveloped software? The company’s vision is ‘20/20’ with

the goal of increasing online play from 18% in 2018 to 22% by 2020. They are also

leveraging their focus towards the younger customers where they have found a gap in the

market. The technology boom generation where everything can be done using your phone

or even your smart watch (Proactive Investors, Sept 2018). My only concern here is that

customers need to be over 18 to buy a lotto ticket, how are they going to govern this? To

me, ticking a box to say you are over 18 isn’t enough. Focusing on the user experience and

customer service is what the company recognise for contributing towards their record year.

With regards to the charity lotteries, I wanted to know how these work. Do they also do

their bit for charity and let them use their software for a reduced rate or even free? They

use digital marketing to advertise these campaigns to increase sales and customers can buy

tickets online. They charge the charity a commission on each ticket sold, of course, nothing

comes for free in business.

So, one of my first KCQ’s was why do they have an office in North America? Well in 2012

Jumbo went into a joint venture with Retail Gaming Solutions (RGS), a New York based

company specialising in physical lottery merchandising and affinity programs (ASX release,

2012). I also asked, why are they on the German stock exchanges? Well in 2013, they

expanded into Germany (ASX release March 2013) in the hope to build on the success in

Australia and North America. Unfortunately, this was short lived and in November 2014, the

decision was made to scale down this operation putting this part of the company into

voluntary administration. But what is voluntary administration? Voluntary administration is

a process where an insolvent company is placed in the hands of an independent person who

can look at all the options available to find the best outcome for the business owners and

the creditors.

So why did the German operation go into voluntary administration? CEO Mike Veverka said

after two years in the German market, it has become clear that market conditions were not

favourable for a licensed reseller model. Even with a much-needed large investment, they

were still unsure that they would get an acceptable return on their investment, so he

decided that the Australian market held more potential at that point in time and decided to

focus on that (Business news Australia 2016).

Jumbo has 7 controlled subsidiary companies, 6 of which it owns 100%. Cook Islands

Tattslotto Pty Ltd, of which it owns only 1% is still 100% owned by Jumbo Interactive Ltd as

the other 99% is owned by TMS Global Services Pty Ltd which is one of the 6 subsidiaries

that it owns 100% of. TMS Global Services Pty Ltd own 6 other subsidiaries 100% on top of

Cook Islands Tattslotto Pty Ltd. To make this easier to understand, I have copied the

information below from the annual report.

Financial Reports

Looking at the actual financial reports, I understood a considerable amount of the basics

with my previous business management experience and my accounting studies back in the

UK. I know that the profit or loss report shows your profit (or losses) over a period but I

didn’t know that it was also known as an income statement. Back in my old job, we

consolidated our P&Ls at the end of each month, but statement of financial position (SOFP)

or balance sheet as it is also known, and statement of changes in equity (SOCE) are both

new to me. I understand the components of the SOFP as I did financial accounting as one of

my modules back in the UK last year so this all made sense to me and I knew where all the

subheadings came from and their meaning. Looking at the statement in equity report, the

transactions with owners in their capacity as owners puzzled me as shares is something that

I haven’t come across before. What’s share buyback? So looking into this, I now know that

share buyback refers to the repurchasing of shares of stock by the company that issued

them and occurs when the issuing company pays shareholders the market value per share

and re-absorbs that portion of its ownership that was previously distributed among public

and private investors (Investopia, 2019). So, what do the three financial reports tell me?

The statement of profit or loss shows me Jumbo Interactive’s revenues and expenses for the

financial year, the statement of financial position is a summary of the financial balances

looking at equity, assets and liabilities (Equity = Assets – Liabilities) and finally, the

statement of changes in equity shows me the various changes in shareholders equity over

the period.

Opportunities and Challenges

There has been lots of talk in the news recently about the possibility of a recession, it’s been

27 years since Australia was last hit by a recession (9Now, 2019), how will this affect

people’s spending? Buying a lotto ticket is a luxury for many and if people start to become

cautious how they spend their spare cash, will this affect Jumbo Interactive? Or will they

see this as a chance of getting out of a tight financial situation and panic buy tickets? Only

time will tell. They are trying to reach out to a new demographic with the younger market,

so how are they going to do this? After talking to Monique Hudson on the PEER session, she

has just turned 18 and wasn’t aware that you could buy tickets online or that there was an

available app, so how are they going to promote this to the younger generation? In a large

market where a lot of the betting sites advertise on television during prime shows, or on

social media platforms, what are Jumbo going to do to increase their app and online usage

to ensure that they meet their 20/20 vision and set themselves above the competition? At

the other end of the generation scale, we are now living longer, and a lot of older people

aren’t keen to get to know technology, my mum at 70, is a prime example. She only got a

smart phone just before I moved over here so we can facetime each week. She has no

interest in using her phone for buying anything online, just calls, texts and facetime. If I

hadn’t moved way, she wouldn’t have got a smart phone. For some, the interaction with

the person behind the counter is the only human interaction they get so they would rather

go to the local shop for the conversation rather than press a few buttons so how are they

going to convert these players or can they not be converted?

Communicating with my Peers

I am now officially converted to PEER sessions after attending two. If I’m honest, I’m

annoyed at myself that I didn’t start using them in week one. For example, on today’s

session there was only myself, Dannielle and Monique from Rockhampton. I learnt so much

from Monique, who has just turned 18, about what she knew and didn’t know about the

lotto which has helped me with the opportunities and challenges section. She also gave me

great feedback via Facebook messenger with the notes she had taken whilst we went

through my assignment.

My feedback from Monique

I try to keep up to date with the Facebook page and reading peoples blogs but as I’m

studying 4 modules this term, I need to ensure that I also make time for my other subjects,

it’s so easy to get carried away with this module as you have work to complete every week

and I’ve had to be strict with myself when it comes to study time so sometimes I do miss

posts and sometimes feel like I’m behind as people have completed work well ahead of me,

and well ahead of the target dates. Asking my peers for feedback using both my blog and

the Facebook page, I find it’s the same people who respond, which isn’t an issue as all

feedback is good feedback as far as I’m concerned, and I will always use it. Studiosity is an

amazing tool that the university provide and something that is new to me. The feedback I

got really helped me, especially with my lack of confidence in any type of writing and the

turnaround was less than 24 hours too. This is a tool that I will continue to use throughout

my studies in all subjects. Google has been used to allow me to dig deeper on my company,

helping me find more information than the website and annual reports tell me.

Final Thoughts

So, my final thoughts on my company? Currently they are very successful and share prices

are strong. At first, I thought I couldn’t find any opportunities for my company but as I

discussed them more and more with my peers and learnt more about the Aussie way of life,

for me, they still have work to do. Converting people to online usage and communicating its

availability to the younger market that they say they are targeting. The more I think about

it, I haven’t seen any communication to their market about being able to buy tickets on line,

unlike some of their competition. So as successful as they currently are, I believe there is

room for them to be even more successful.

References:

Proactive Investors (2018, Sept)

https://www.proactiveinvestors.com.au/companies/stocktube/10355/jumbo-interactive-

pursuing-expansion-amid-strong-growth-projections-10355.html

9 now (2019) https://www.9now.com.au/today/2019/extras/clips/clip-

cjt7q6ree000l0hrvfw4l6dw9

ASX release (2012, Nov)

https://www.jumbointeractive.com/uploads/2015/05/usa_expantion_joint_venture_29_11

_121.pdf

ASX release (2013, March)

https://www.jumbointeractive.com/uploads/2015/05/expand_germany_05_03_131.pdf

Business news Australia (2016)

https://www.businessnewsaus.com.au/articles/jumbo-interactive-cuts-its-losses-in-

germany.html

Investopedia (March, 2019)

https://www.investopedia.com/ask/answers/042015/why-would-company-buyback-its-

own-shares.asp

Comments on my peers’ blogs

Stephanie Brammah

Stephanie like myself is full of doubts about KCQ’s and if we are doing them right. I shared

with her what I had been doing to help me with my own assignment and hopefully this

helped her.

https://stephaniebrammah.wordpress.com/2019/03/27/annual-report-kcqs-calibre/

comment-page-1/?unapproved=11&moderation-

hash=c2585047e86c4f1d2240a3b8b7a9adb5#comment-11

Andrew Teasey

Andrew also has a gambling company for his assignment, Tabcorp Holdings. I found it

extremely useful reading Andrews blog and the information about his company as it was

easy to relate to my own.

https://upsanddownsaccounting.home.blog/2019/03/24/tabcorp-holdings/

Top of the Blogs

I chose my top 3 blogs as they are blogs that I can relate to easily and make me realise that

I’m not in this alone.

3. ANDREW TEASE

I found Andrews blog easy to read and also very helpful as we both have gambling companies. Andrews company is actual a major shareholder in mine Jumbo Interactive so I was interested in how their annual report compared to Jumbos.

Tabcorp Holdings

2. KYM HOFF

Kym provides a blog that I can relate to as we are both in the same stage of our lives. We both have the same self-doubts, but we encourage each other to just go for it. What’s the worst that can happen right?

https://acct11059kewcawtoouniblog.home.blog/

1. PAUL FEASEY

Paul is a great guy! We’ve never met but he is so helpful and positive and encouraging. Always gives great constructive feedback and his blog is great to read. One I always make sure I read when I log on. Paul is such a busy man, always on the go, always doing something, do you even sleep Paul?!

https://beingheldtoaccount.home.blog/

STEP 4 JUMBO INTERACTIVE FINANCIAL STATEMENTS

Please see spreadsheet attached separately

STEP 5 CHAPTERS 2 & 3.1,3.2 REFLECTION

So, as I finally sit down to reflect on chapters 2 and 3.1/3.2, I’m wondering how good is my

knowledge of financial reports, do I really understand them and what they tell us fully?

To me, the reason that the financial statements of different firms are similar is so they can

understand each other’s reporting’s; you need to know what the opposition are up to, and

to appeal to future investors. If they can’t understand your report because it is a format

they aren’t used to scrutinising, they may be put off investing in your company. When I

ponder whether accounting is a game, to me, yes it is. You have to stick to the rules, play

smart, but be honest and trustworthy at the same time. Trust to me is the biggest factor in

any relationship.

So, being from the UK and completing some of my accounting studies back home, I’m aware

that the Financial Reporting Council (FRC) set the standards back home but who sets them

in Australia? Are they different or do they follow the International Accounting Standards

Board (IASB) too? Reading on I find that Australia follows rules similar to the UK which

pleased me, although I knew that the basics of accounting are the same no matter what

country you are trading from surely?

Look at the generally accepted accounting principles (GAAP), this reporting game started to

come across a little bit overwhelming. I agree that it would be impossible for anyone to

know every rule, even the people who have written them, but what happens if you break

these rules and it has an adverse effect on someone’s investment? Can you be legally

punished or is it just a lesson learned for the investor who may lose everything?

There are around 2.2 million businesses in Australia, considering that the population is only

24.6 million, I found this quite astounding but then I thought about how many businesses I

have used today. Coles, for my shopping, World Gym at North Lakes to get my endorphins

going to finish my assignment, Costco to fill up my car. And that was all before lunch! As

we work through this assignment, I’m thinking more and more about businesses and the

size of them. At first when I thought of accounting, I only thought of big well know

companies but every business uses accounting no matter how small. I’m sure having to do

accounts can be quite daunting to some small business owners so I was glad to see that the

Australian Accounting Standards Board (AASB) provide structured documents that business

owners can use to help them, they aren’t just there to lay down the rules. To me this makes

good sense for the Australian economy, you want your businesses to do well, it improves

the economy whereas failing businesses cost the economy.

Accrual accounting is something that I have done for many years in my past career as a

Business Manager for McDonalds. Each month whilst completing our Profit and Loss

accounts, we would have to ensure that we had accrued money each month to pay for

services that we had already received such as window cleaning, refuse collection,

landscaping. Most of these were standard monthly charges but every now and again, they

would increase, and we would have to accrue this extra money too.

I also played the game of accounting sometimes with my accruals by increasing them even

though I didn’t have any bills to pay. We used to forecast our monthly P&L in advance and if

I knew I was well above my target, I would accrue extra money over to the next month to

give me a head start, and the boss would still be more than happy.

We move onto the quality of the information that has to be reported and can relate to the

qualities. The figures I reported each month from my restaurant at McDonalds would be

verified a few days later by the accounting department at head office so accuracy was

obligatory. We had a deadline of 7am for our figures to be completed (timeliness), which

were completed in a companywide template (comparability) and as the manager of the

business, you had to understand what you were reporting and how it affected not only your

restaurant but the bigger picture of the company.

At a party, I’m not a shy person and will talk to anyone, awful remembering names, but

good at remembering details about people. Being introduced to financial statements to me

is not like meeting people for the first time, it intimidates me slightly. Maybe I need to start

having a bit more faith in my own ability?

Looking at my companies financial reports, they are easy to read, and all have footnotes

which are several pages long so I focus on the main reports, the consolidated statement of

profit or loss and other comprehensive income, consolidated statement of financial

position, consolidated statement of changes in equity and consolidated statement of cash

flows and what these tell me. I’ll be honest, when it comes to the annual report, I have

looked at the sections that I have needed for this assignment and not really looked at the

rest. I felt at one point that this module was taking over my life and as I’m studying 3 other

modules, I had to be strict with myself and ensure that all my modules were getting equal

attention. I was glad to read that I didn’t have to understand some of the items at this

stage, I felt that I wasn’t bypassing any important information at this point. I am looking

forward to learning more about the financial reports and actually using them in assignment

2. Bring it on.

STEP 6 PEER FEEDBACK

ASS#1 Step 6 Feedback Feedback From Karen HowardFeedback to Emma Rizeman sent via email

My commentsStep 1 KCQ’s

Great how you relate it to your own experiences both in your work life and home life. I never thought about relating it to everything we do every day, and this is something that I will be doing from now on.

Step 2IntroductionPhoto & DescriptionLinks your blog/set up blog

You have used both Facebook and your blog to introduce yourself to the rest of your peers.Photo uploaded so we can put a face to the name, your boys are so beautiful by the way.Links to blog posts on both Facebook and the blog forum.Your blog is great to read, not too heavy, and I am jealous that you live near the beach on the Sunshine Coast, this is my life goal and where I spend most of my Sundays (my day off) to clear my head. Definitely my favorite part of Australia.

Step 3Background on the companyCompany KCQ’sComments on other’s blogs

Really informative introduction to the company. I like that you included links to articles that you found and used from your research. The information that the company is prepared for BREXIT, or not, is interesting to read. Love that you have discussed with someone else who has a UK company’s whose owner has a completely different view on BREXIT.I can’t find any links to where you have commented on others’ blogs, just the links to your top 3.

Step 4Input company’s financial statement All the formulas are in the right places and all the figures

match up. Your reports are slightly different to mine as they have different descriptions’, but it is easy to follow and understand.

Step 5 KCQ’s

Great how you linked it to your own personal experience with your husbands’ business and working as an insurance underwriter. You answered many of the questions you had and made clear the ones you were still unsure on. You related the chapters to your annual report well, I may come to you if I have any questions about my annual reports as you seem to have a great understanding.

Step 6 Individual feedback with others N/A

Overall ASS#1 I really enjoyed reading your assignment, it made me think about how I use accounting in every aspect of my day to day life and I will be making a conscious effort to do this to help me understand accounting more.

ASS#1 Step 6 Feedback Feedback From Karen HowardFeedback to Elizabeth Gomez Lopez sent via ASS#1 (steps4-6) Forum post

Your blog was new to me, but I love how simple your blog is, it’s easy to navigate and love the pictures to make it fun, accounting is fun right? (Or that’s what they tell us!). It’s great that you have shared your studiosity experience, I agree a great tool that I will be using more often.

Your Moodle and blog profile tell us all about you and I feel like we are similar people with similar concerns about the course, so you are not alone! I am now also following your blog.

The layout is really professional and the information on company tells us what we need to know and like that you have put links in to expand on topics you discuss. I agree, financial reports are daunting when you first look at them and I had just as many questions as yourself! Your KCQ’s are relevant to your company’s report, hopefully the lectures will assist you in answering some of them. I’m just wondering if the company has any view on Brexit and what will happen to them after it happens? You have put your top 3 blogs but haven’t put links to where you have commented on other students’ blogs, maybe you want to add this in.

Step 4Input company’s financial statement

Step 5 KCQ’s

Good how you relate what you have read back to your firm’s annual report and that you have been honest about how you feel about the company report and the explanations in the study guide.

Step 6 Individual feedback with others

You have given some great constructive feedback to your peers which I’m sure they will find useful. You have gone into detail and you can tell you have taken time to read their work thoroughly before giving your feedback.

Overall ASS#1 Well written and easy to read, I could relate to lots of what you said and parts of the financial reports that you questioned so please don’t worry, you are not on your own when you say you don’t understand it all! I’m sure as we get further on in the course, it will all become a lot clearer to us.

ASS#1 Step 6 Feedback Feedback From Karen HowardFeedback to Caitlin McCarthy

I can completely relate to your first thoughts on starting this module, mine where exactly the same! Loved how you related it to learning to drive a car. Your KCQs are formatted well.

Loved your introduction, love the pictures on your blog too. The wedding photo is fab and made me smile (love a good wedding!). Blog link and Moodle link both work.

P.S. Just to let you know, you aren’t alone when you think you are behind. Some people are way ahead, this had me stressing out, but I gave my head a wobble, realized we still had plenty time till deadline so I’m on track! We both have other things going on in our lives that need attention, yours is two young children, mine is three other units. You are doing great

In know your firm, not sur if you’ve missed a word out? You’ve put ‘they are a winning global financial transaction software &…’ should they be an award winning financial…?Something I picked up from my PEER sessions is that if you have something important to say in your assignment, don’t use a blog link as the assessors are too busy to look at links, copy and paste it into your assignment.Not sure of you want to explain what the iAwards are.Love how you related back to your own business.I agree about studiosity, a great tool and I will also be using it every time I have work that needs checking before submission. I too haven’t written essays for a long time (ten years longer than you!) so it is a great tool.You have rated your top 3 blogs (Paul’s is also my favorite!) but haven’t included where you have commented on other’s

blogs.

On you statement of equity, you need to copy the closing figure from the previous year to the opening balance of the next year cell so when it is clicked on, it comes up with a formula not a number. Also, G20 should be a formula, just copy and paste the one from next to it. You might need to put zeros in your cells with no data, I did this on mine and the formulas worked fine.

Step 5 KCQ’s

Really easy to read. Flows really well. In your first chapter there’s a grammar error. You’ve wrote ‘Moodle have both been both a great help’ Like how you’ve related asking for financial reports to your mortgage provider, I wonder why they are so shy to show you their figures! Big Mummy and Big Daddy made me smile!Great explanation of how you understand the financial reportsAnd how you relate these to real life.One-minute bliss is a fantastic addition, I loved this.

Your feedback is thorough (and appreciated!) you are constructive but also appreciative, how I was taught feedback should be in my management days.

Overall ASS#1 I really enjoyed reading your assignment. It flows so well and the fact that you can relate it to your own business and personal experiences means that the reader can relate too. A top effort well done!!

ASS#1 Step 6 Feedback Feedback From Karen HowardFeedback to Monique Hudson

You give a good introduction to the company and explain your KCQs really well.You need to put in links to the company website and the annual reports.Have you found any news related articles/ videos that you could include?

Don’t forget to put on about your discussions with others, our PEER session was awesome!!

Need to put links to where you have commented on other people’s blogs.You need to put links to your top blogs on.

Step 4Input company’s financial statement N/A

Step 5 KCQ’s N/A

The feedback I received from you was really useful, as was the feedback from the PEER session

Overall ASS#1 Good for a first draft although you have lots of information to add. Can’t wait to read the finished article.

ASS#1 Step 6 Feedback Feedback From Karen HowardFeedback to Kellie McDonaugh

Both links work to your blog and Moodle.

Loved your introduction on Moodle, you go girl!!!

Flows really well. Thorough background on your company, I am intrigued! Like how you have explained the ‘jargon’ used by your company to make your report easier to read.Due to the current takeover of your company, you have lots of KCQs about this, as would I if I was an investor.

Step 4

Input company’s financial statementN/A

Step 5 KCQ’s

You relay your KCQs back to your company’s report. Again, this flowed really well, and I was wanting to read more and more of your thoughts on accounting and the reports that we have looked at so far.

Like how you look at your learning style as you make your way through the assignment, it’s great to know that you are learning.

Step 6 Individual feedback with others N/A

Overall ASS#1I really enjoyed reading your assignment Kellie, it flows really well, like a story and the more I read on, the more intrigued I became. I also found this task challenging as it’s not something that I am used to doing but from what you have done so far, you’ve done a great job!

ASS#1 Step 6 Feedback Feedback From Karen HowardFeedback to Sophie-Lee Pickering

Really easy to read as it flows so well. Enjoyed how you could relate it to your current job role and how it has cleared up what your actual job role is!

Both links work for Moodle and your blog.

Loved your introduction on your blog about yourself. I’m envious that you’ve always lived by the coast, that is a dream of mine that I am determined to fulfill one day.

Great introduction to your company. Looks like they are working hard to continue their growth. I used to be a customer back in the UK as I had the Mecca Bingo app on my phone! I too was daunted by the number of steps in this part of the assignment, I used the checklist that Elizabeth Lopez did and

posted on the blog forum.

You have raised some great KCQs about your company and their reports and what their plans are for the future.

Step 5 KCQ’s

Overall ASS#1 I really enjoyed reading what you have done on your assignment so far and reading about you. You have gone into depth about your company and clearly have a good understanding of the annual reports.

MY ASSIGNMENT FEEDBACK FROM MY PEERS

ASS#1 Step 6 Feedback Feedback From Sophie-Lee PickeringFeedback to Karen Howard

N/A Couldn’t find a link to your blog, unless I was looking in

the wrong place. Not 100% sure if you need to include it but it might be good to just include it in your word document

Great to see that we both have similar companies, in the gambling industry!

Found answers to KCQ’s Great understanding of company Able to relate to the company with experience Great discussion about peer feedback

Step 5 KCQ’s

Great use of KCQ’s

Well written KCQ’s for others

Overall ASS#1 I thought your assignment was written very well. You have gotten me intrigued in the PASS sessions now and I thought it was great to be able to compare our companies. The Jumbo company is only still so young and is continually increasing, meanwhile The Rank Group are from the UK and are gradually decreasing after being established in 1937.

PEER FEEDBACK SHEET: ASS#1

Feedback From: Caitlin McCarthy

Feedback To: Karen Howard .

My Comments

Step 1

I found your blog link on Moodle. Step 1 was very enjoyable to read, you have very good writing skills, and I feel I am in your story with you. You have done really well with relating personal experience to your KCQ’s especially about rote learning. A great start to this assessment and welcome to Australia!

Step 2 Not Provided

I couldn’t find your Moodle profile or Blog Profile, just a quick link to the assignment could be a great help into locating more easily.

I found your Moodle link via a Studiosity Blog, it wouldn’t allow me to open.

I found your blog link on Moodle, this link worked great! I loved the layout of your blog, you have a wonderful description and it was great to learn about you! You are a great natural writer. Your blog is very easy to navigate, top efforts to you, to do this within such a high standard when

Introductory words in Description box

Photo and description

Link to your blog/Set up blog

you are studying 4 subjects. I’m envious!

Step 3 You have great detail into the background of your company. I completely agree, ticking a box to say you are over 18 is not acceptable. There needs to be more security put into place.

This company is not an easy foreseeable future, for its uncertainty and many age differences I can see why it has gone into voluntary administration.

Great inclusion of comments on other people’s blogs. Great to see your interaction within likeminded companies.

Maybe you could also add a couple of videos, or news articles about your firm that can give us more of an insight about your company

Background information on company

Comments/KCQs

Comments on other’s blogs

Step 4 I couldn’t find your Blog Profile, just a quick link to the assignment could be a great help into locating more easily.

Upon looking at Moodle I found it, Great layout. I am no professional at being able to judge these, looks great!

Input company’s financial statements

Step 5 Your KCQ’s reflected great within your prior experience as a manager. They are all very easy to read and understand. The most interesting part I read was how you would increase your accruals even with no bills to pay. It’s a great little image of what playing the game looks like.

I know you’re on a time limit with 4 subjects (Top efforts) and due to your background experience in accounting you have a greater understanding of these accounts.

Having this experience has proven within your writing that you have a natural ability to divulge in these areas with the audience. It flowed very well, and I want to know more! I have a greater understanding especially of accrual accounting within your relation to your prior experience and quality of information. Now Maybe your thoughts on Double entry accounting and Dividends 😊

A couple of minor grammatical errors. On page 13 you might like to change the word Obilgaatory.

Step 6

Individual feedback with others

You have given great feedback to others. Both Very detailed and supportive. I Also noticed you have the ability to look over the formulas used and to see if figures match up in our inputs of our company’s financial statement. Please feel free to do so in mine 😊

Overall ASS#1 Overall you have a beautiful start to your finished assignment. It was great to see your natural ability within relating KCQ’s to your prior experience. Your assignment flowed naturally, and I really wished you continued, as it was just great to be able to follow your easy reading. Great Work!

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