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Laura Salmon ACCT11081 – Assessment Step 7-11 120 919 41

Assessment - Step 7-11

Blog Post:

MYOB and my Company:

Assessment - Step 7

Inventories:

I had some initial thoughts whilst reading through Chapter 4, which included stopping myself from reading ahead to answer the question in my head, which was: can you define perpetual and periodic inventories? I wrote down for perpetual that it was constant inventory keeping just like it would draw from the name perpetual motion, which is constant movement, which would mean constant record keeping of stock. Such as daily, hourly or whenever something moves. I knew this question wasn’t that difficult to answer if you understood what perpetual meant. So, when I was thinking about periodic, I wrote down “at times”, “once a week, once a month, biannual, annual”, and STOCKTAKE! I was happy to read that I had sussed both these definitions out correctly, but then I wrote another question: does Coles use both? Because they are constantly scanning stock coming into the store, Gap scanning, scanning backstock, and registers scanning stock being purchased. As well as having stocktake every 6 months to calculate total stock on hand. Check these totals with what the computer system says and factoring in thefts and wastage. So, I am glad that I asked myself this question and then had it answered by Martin later in the chapter.

I would like to quickly point out that Coles is no longer a subsidiary of Wesfarmers, I know this Chapter was from 2017/18 when it still was.

As a Nightfiller at a Coles supermarket, I can say that Coles uses the FIFO method for inventory because that is also how we stock the shelves. Rotating stock is an important factor of our jobs especially in the diary/cold departments. However, the millions of stacked cans of Coles Diced Tomatoes usually don’t get rotated because that would take all night, especially when it is full.

I can understand how the weighted average inventory formula can be of value for some companies, especially with, as mentioned, the purchase rate for the company can differ greatly due to exchange rate. I feel like this method would be a bit of a pain in the butt.

And LIFO just does not make any logistical sense for an inventory formula. All I am imagining is the TV show Warehouse13 and just finding the most random old stock somewhere at the back of this rather larger underground warehouse. It would be interesting to question a company that uses this method, why they use it. What are the advantages of this method for their company? What are the disadvantages for their company? Would they consider using a different type?

What does your firm disclose (and not disclose) about its Inventories?

I came across Finished Goods, Raw Materials and components, and Work in progress as the listed Inventories for my firm. This table also shows the Gross Value on hand and Valuation adjustment (waste, thefts). They disclose that, for example, in 2018 Gross Value on hand was 917 CHFmillion, but with Valuation Adjustments of -138 CHFmillion, this figure then became 779 CHFmillion. See table below for all figures.

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2018 2017 2016 2015

Inventories 779 773 673 640

Changes in -46 -71 -44 -2

Finished Goods 495 499 450 420

Raw materials and components 242 271 230 241

Work in progress 180 163 149 127

Gross Value on hand 917 933 829 788

Valuation adjustments -138 -160 -156 -148

Table 1: Inventory values stated in annual reports from 2015-2018. All values in CHFmillion

Has your firm changed its Inventories practices over the years that you are reviewing? If so, why?

No changes that I came across. I noticed in the 2018-2017 annual report that they specifically listed the inventory lost through the divestment of two Iron Casting Plants, as well as the Total Acquisition Inventories. However, they did not make the same specification in the 2016-2015 annual reports. I came a across three plants that were divested in 2016 with a combined inventory loss of 6 CHFmillion.

How might this have affected your firm’s financial statements?

I think for the Shareholder it gives a great picture as to how much inventory is being lost through the addition, sales or divestment of inventory.

Does your firm disclose what type of Inventories system it uses (perpetual or periodic)?

Through my searches of the annual reports, I did not come across any mention as to which Inventory system they use. I would have to assume though that they use perpetual due to the whole company size and the goods and services they sell. As well as being the manufacturer of the products they sell, this would be the most beneficial to the company because it would allow them to keep track of what is or is not selling. Or whether they need to be making more of a certain product.

What method of Inventories does it use (weighted average, FIFO, LIFO, specific identification)? Again, there is no specification as to which of these systems they utilise in the annual report. I will make the assumption that my company utilises the First in, First out method for inventory, more specifically for their stores but also for their warehousing facilities. I assume this because as a manufacturing and distribution firm I feel like they would understand that it is important to rotate stock and ensure that stock is not being left in the warehouse.

However, I read something in another student’s assessment when providing Feedback that made me think that as a manufacturing firm, they may use Weighted Average based on the varying prices the company may pay for materials at any given time. They quoted that this method is used when inventory is being purchased more regularly; however, in the Chapter it was stated that this method is used when items for inventory are being purchased at different purchase rates. So, I would assume that Georg Fischer AG would use both methods (if possible) for its different stages of

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manufacturing. For example, weighted average for raw materials and FIFO for finished productions along with the use of Specific Identification due their varying products.

What are some of the associated issues and costs that your firm might be facing with its Inventories management? Why might this be the case?

The annual reports state “Valuation Adjustments” of -138 CHFmillion for 2018, -160 for 2017, -156 for 2016 and -148 for 2015. These values are those that account for the wastage and theft of materials or goods. So, unfortunately my firm is facing quite a large volume in wastage or theft from each of their three branches and all around the world. Wastage issues could mean that there may have to be some tools implemented to reduce the amount of waste produced, especially if the waste is unnecessary, or they need to investigate why there might be thefts of the goods they produce. Is this from their employees or customers? Is some of the waste a contractual issue, such as someone wanting a job done then backing away despite the products they needed being purchased or made. Does there need to be quality testing tools? I did also find a section that stated “Changes in” for the total value of the inventories but there was no note to suggest what these adjustments were for.

Are there any areas where you think your firm could improve its Inventories management?

There was no specific mention as to how the inventories are run. Maybe this changes slightly from location to location. Maybe they allow certain countries to make their own decisions about this if they follow certain rules. It would be interesting to know how though.

There were a few comments made in each of the annual reports that I did not quite understand these include:

Inventories with an insufficient turnover rate are partly or fully value-adjusted

After I typed this one out, I realised that what it meant was that those inventories that did not have a good turnover rate, either partly or fully, had their total values adjusted. I still do not completely understand what they meant by value-adjusting though. Does it mean they sell the product at a cheaper price to attempt to move it? Did they change the value so that it looked better on paper? Does this mean they use periodic inventory systems? Or is it more of an indicator that they use the perpetual? Does this mean that they use the FIFO inventory system? Or potentially the weighted average system, because the value was adjusted based on this?

There are no pledged or assigned inventories

Gross value added includes all operating income less cost of materials and products, changes in inventory and operating expenses

The most I have had to do with inventory is doing stocktake at Best and Less when I was 15 and now at Coles. I don’t have a lot to do with it though, my job is to fill the load that comes in, run back stock (cartons that came in but didn’t fit on the shelf so is left out the back to be filled later) and count items when it comes to stocktake (that is why you see random numbers written near the price tags every now and then). The rest of the inventory stuff is way out of my pay grade to worry about, but it doesn’t stop me from thinking about it now.

I will say that, before Martin spoke about it in the chapter, I had already come to the conclusion that Coles ran on a perpetual FIFO inventory system at a store level. As well as the Specific Identification because there are multiple types of each product, like

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Smiths chips, you have Original, Chicken, BBQ, Salt and Vinegar, all the other weird flavours they are trying to make happen, and my personal favourite Heinz Big Red Tomato (when it comes out every 5 years).

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Assessment - Step 8

MYOB Setup and Training:

I have been quite concerned that I have screen shotted the wrong things with regards to this step because obviously I don’t want to lose marks. MYOB is a lot easier than I initially thought, not that I had too many thoughts on it before starting this unit, but I did enjoy learning and getting to know the software. My MYOB looked different to the videos, not that it was an issue. I did choose the sample account, Clearwater, because honestly, I didn’t have any other business to use as an example and I couldn’t be bothered attempting to set one up. I also chose the Premium trial because A) I didn’t know which one to choose and B) I felt like having more to play with.

I enjoyed the set-up and training videos because they were interactive (limited) but it was nice being the able to find the command required and select it.

Both of my last transactions related to reconciliation, so they look the same, in my opinion with differences to the approach. I chose the command given to look at the security and changes that can be made to your account for MYOB as my last screen for the set-up though (find below).

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I am not entirely sure why I didn’t have any balances when I was reconciling during the training stage. The video showed there to be a balance but when I bought my own window up, it didn’t. I probably did something wrong, somewhere.

I did all the screenshots for the quiz, mainly as a back-up in case the result didn’t show.

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Question 1

Question 13

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Result

The one question that I got wrong was because I missed a selection for a multi answer question. The other two selections were correct, but I misread one of the options and did not select it.

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Assessment - Step 9

Business Transactions:

Whilst I was reading through this task in the Assessment document, I remembered reading some comments on the Facebook page regarding the “realistic” transactions we are asked to create. Some of the comments were about whether they made the transaction as million, hundreds, thousand or even tens of thousands dollar amounts. So, I had a thought, could I create my transactions based on me writing it from the perspective of one of my firm’s manufacturing or distribution centres here in Australia. For example, in Banyo, Queensland Georg Fischer AG has one of their Piping Systems manufacturing centres. This would allow me make transactions based on parts or materials rather than new companies or deals regarding bulk materials. The one thing that is making this way of approaching the Step difficult is that I had no idea what goes into creating some of their products.

Or could I consider that I am “ordering” these items from the local Distribution Centre for GF Piping Systems? For example, when a branch store places an order for certain items from the distribution centre to restock items such as maybe washers or bolts. Is this what happens? I feel like it would be because a large company such as this would not necessarily be making purchases from other companies directly like Bunnings (unless absolutely required, I guess). I wonder if they would have an onsite Accountant of the sorts to pay bills such as rent, if they were leasing the space they are in, or pay for electricity?

After some thought, I have decided on some parameters for my business transactions. These include that the site the company is on is leased, therefore rent is paid, each branch makes payments for their own utility usage, and make their own arrangements for contractors such as gardeners and trades for call outs. Each branch has a budget that they must stick to for certain things such as resupply of goods and cannot exceed amounts for arranged contractors. They pay a set amount for utilities such as electricity each week.

I would also like to point out that I have no clue how much businesses would be paying for certain services and bills, so each transaction is based on wild guesses and best assumptions.

See Excel document for Journal Entries for Transcations

I don’t know if I exported the correct Journal for the transactions because I think I went a different way around finding it; but then again maybe I did it perfectly correct. *Sometimes I wish I could insert emojis based on the actions that I am doing, ya know*

It was interesting to see this report, because I picked up a mistake that I made with an account classification and made me think that I could have reclassified others.

When I read about pulling up these reports, I was a little excited because it was nice to be the one “creating” the report based on our “firms” rather than just looking them up, so there was a feeling of accomplishment almost. I know it might seem silly and like such a minuscule to some, but it was a nice feeling for me. I went about trying to find out how to pull them myself first up and didn’t quite see the reports I needed. I did a little looking on MYOB site and discovered that I was in the right place just not using my eyes properly. Like for example, it took me forever to find the Balance Sheet (I found another type of Balance Sheet which heeded no result) even though it is right above the Profit and Loss report I needed to pull. And don’t worry the Profit and Loss report did not escape my eyes for being the Income Statement.

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I enjoy how MYOB itemise each account expense so that you would be able to keep track of where the most money is being spent, especially if you are working with a budget. As well as this it allows you to keep track of wage expenses and Superannuation for employees. It breaks up where Sale income is coming from, this could be important if you had multiple products you were selling and were deciding which was not making a profit/selling well. I have to say that this is a lot more in depth then the Income Statement in the Annual Report, however, I view this as more of a Store/Branch Income Statement not the entire company.

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The difficult to find account, it was interesting to see that MYOB allows you to see your Tax Withholding and Superannuation in the Liabilities. Is this a good way of making sure there is enough in the accounts at Tax time, so you aren’t having to owe any? Obviously, it isn’t something I saw on my Swiss firms Balance Sheet. I consider it good practice to have the GST Liabilities separate as well as this could be seen for the same reason, ensuring you are paying enough or holding enough whilst also seeing what you have paid. I don’t know what “Historical Balancing Account” means. Is it what has been in the account?

Again, this is similar to the Balance Sheet seen in the Annual Reports we have been looking over for our firms.

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I am personally not taking a lot away from this Statement of Cash Flow. Did the company use $15,434.84 of inventory? Should this be a positive figure if it was sold? Is it waste? The amounts for GST paid and collected are different to the amounts shown on the Balance Sheet. Would these figures usually be the same? Why are they different here? This is the same with the Tax withheld and Superannuation. Are the periods selected different and I am not understanding how? Am I misinterpreting it?

I enjoyed this step; it was interesting to be the one to create the reports instead of interpreting them. I am assuming that MYOB would allow you to add and take away certain parts of each sheet to make it more about what you want it to read as. Especially if there are stakeholders involved. I do remember this as part of the Set-up video but have not investigated it further.

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Assessment - Step 10

Depreciation:

I was a little overwhelmed and confused whilst reading through this chapter. I don’t know if maybe I was just distracted (my car is in for some unexpected repairs; she went in for a service and now needs a coolant pipe replaced) or just not focused on the reading. This does not mean that I didn’t walk away for some concepts and questions.

One of my thoughts reading through were that I have always viewed depreciation a simply a loss of value to an object (car, equipment, etc) making it worth less if it were to be resold. So, essentially, I have only viewed it as a negative concept. The way it has been described in this chapter is that it can bring value to the company because of the profit that is generated from it and that it should not be a loss to the business.

I have found some very interesting aspects to how Georg Fischer AG show their depreciation of Property, Plant and Equipment in their Annual Report. For example, in the 2016 and 2018 Annual Reports they have a table that shows the depreciation totals of each branch of the business.

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My highlighting is a bit off, sorry

I find this very helpful and if I were an investor, I would consider it an important aspect when investing my money because you would be able to determine where depreciation is occurring. By looking at this table, each segment maintains a steady rate of depreciation over the 4 years shown. However, I did also find that George Fischer have included a table in their Investor Information section that showed, among other values, their Depreciation totals from 2016 back to 2012 and 2018 back to 2014. I found this helpful and created a bigger picture as to the realities of the business.

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Georg Fischer has not changed their depreciation method over the years that I am investigating; however, they do include this definition and extra information, which makes mention that they use Straight-line basis for depreciation estimates.

Property, plant, and equipment

Items of property, plant, and equipment are stated at cost or manufacturing cost less depreciation and impairment. Borrowing costs for the financing of assets under construction are part of the costs of the asset if they are material. Assets acquired under finance lease contracts are capitalized at the lower of the present value of the minimum lease payments and fair value. The related outstanding finance lease obligations are presented under liabilities. Assets held under the terms of a finance lease are described in the section “Leases”. Where components of larger assets have different useful lives, these components are depreciated separately. Useful lives and residual values are reviewed annually on the balance sheet date and any adjustments are recognized in the income statement. Any gains or losses on the disposal of items of property, plant, and equipment are recognized in the income statement.

Assets are depreciated on a straight-line basis over their estimated useful lives or lease terms:

– Investment properties and buildings: 30–40 years

– Building components: 8–20 years

– Machinery and production equipment: 6–20 years

– Other equipment (vehicles, IT systems, etc.): 1–5 years

– Assets under construction are usually not depreciated

Through my untrained and non-professional eye, depreciation rate to total profits for each year were between 50% in 2018 and 62% in 2016. Personally, I do think this is significant. However, based on the Chapter reading I am not seeing this as a totally negative thing because to compare it to the Sales made in each year, the depreciation is not significant. I am not sure what point I am trying to get across here. To attempt to clarify the Assessment question: Is depreciation a significant expense for your firm? No, it is a justifiable expense because this company’s business is based around manufacturing and production. I think it is a significant amount but not one that is unjustifiable to this company.

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Journal Entries

I had some difficulties with understanding this part of the Step because I did not fully understand what was being asked for us to do; and to be honest, I still don’t fully understand it. What I understand is that we must create entries that we would write in a General Journal regarding depreciation in our company. What I do not understand is the execution. I had a little shout out asking for help in my draft submission on the Facebook page and to no surprise I had nobody help specifically offer help. Reading through the three other assessments I picked for the Feedback part of the assignment was my next step in figuring out what to do. This helped a little, despite only two of those students having completed that part; and I have to say a thanks to Natasha Bennett for actually attempting to help me through her Feedback. Anyway, not the point of this step.

I know that the Chapters covered the entry of General Journal information, I could see what was occurring with the entries used for examples, but I was unable to translate that understanding to this part of the assessment. So, after looking at two other assessment General Journal entries this is what I came up with. I decided to average the figures that were shown in the latest Annual Report that I have, along with the different areas in which they calculate depreciation from. I do hope it is right.

Note: I did the dates for the 2019 Annual Report; however, I have not looked this report up. I have made up the numbers as stated above

Date General Journal Debit (CHFm)

Credit (CHFm)

31/12/2019

Depreciation ExpenseAccumulated Depreciation: Investment properties

(Depreciation expense for the year of 2018)

5959

31/12/2019

Depreciation ExpenseAccumulated Depreciation: Machinery and production equipment


1,2681,268

31/12/2019

Depreciation ExpenseAccumulated Depreciation: Buildings


351351

31/12/2019

Depreciation ExpenseAccumulated Depreciation: Building Components


8989

31/12/2019

Depreciation ExpenseAccumulated Depreciation: Other equipment


163163

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31/12/2019

Depreciation ExpenseAccumulated Depreciation: Assets held under finance leases


1010

31/12/2019

Depreciation ExpenseAccumulated Depreciation: Property, plant and equipment for own use


1,9401,940

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Assessment - Step 11

Feedback

Feedback to:

PEER FEEDBACK SHEET: Assignment Steps 7-10

Feedback From: Laura Salmon

Feedback To: Natasha Bennett .

My Comments

Step 7Inventories

I appreciated the way that you showed the comparison of inventories in the table, especially with the changes to the Inventory method. The in-depth details you found regarding your Inventories are good to read along with your experience with inventories

Step 8

No details besides from the results from the QuizMYOB set up

MYOB training

MYOB quiz

Step 9Business transactions All Journals reportFinancials and discussion

It was good that you explained why you chose to create a new company file for your company’s business transactions. As well as outlining the definitions for each report we were asked to pull in your own words and understanding. It was great that you conveyed that you were not confident with analysing the financial statements because this was not your background, nor did you have the in-depth experience.

Step 10Depreciation

Like with the Inventories, it was great that you made the table regarding the depreciation for each of the years we were instructed to. Your journal entries have given me some clarification as to what I need to do for my assignment, thanks

Overall

You have done a great job explaining each step for this part of the assessment. I noticed a few grammatical errors throughout so maybe just have a slow read through of each step. Great job and good luck

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Feedback To: Kayla Walkom .

My Comments

Step 7Inventories

What does “lower of cost and net realisable value” mean? Excellent detail regarding your company’s inventory systems and methods.

Step 8Excellent explanation of why you chose to use the example company and additions of the screenshots for the appropriate parts.

MYOB set up

MYOB training

MYOB quiz


I like that you have listed the transactions you planned on making for this stage (I did not do that). Great explanations for the Journal Reports and Financials

Step 10Depreciation

Great explanations regarding your company’s depreciation methods. Just missing the Journal Entries part for this step.

OverallYou have a lot of great information regarding your company’s inventory and depreciation methods. Just missing a few areas (as I can see you are aware of). Great job and good luck.

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Feedback To: Stuart Hentschke .

My Comments

Step 7Inventories

You have provided excellent and in-depth information and understanding regarding your firms Inventories and presented it well.

Step 8

It is great to see that you decided to create your own file instead of using the example one.

MYOB set up

MYOB training

MYOB quiz


Your analysis and depth of detail are amazing, I honestly don’t know what else to say

Step 10Depreciation

Again, excellent, wonderful. And thanks for giving me some idea of how to complete the journal entry part to this step

Overall

I must admit, I am uber jealous of the depth and detail you went into with this Part of the assessment. I have not read any of your other parts, but I am sure they are the exact same. Wonderful job, I enjoyed reading your assessment and good luck

Feedback from:

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PEER FEEDBACK SHEET 3Feedback from: Natasha Bennett

Feedback to: Laura Salmon

MY COMMENTS

STEP #7: INVENTORIES

You started this step with your own thoughts, talking about the chapter and defining the different inventory methods, which is good

as you have shown your own understanding. I like how you have headings throughout your work, it makes it easy to read and to know

what you're talking about. I think rereading through your work would be beneficial for some minor grammar and spelling mistakes.

The table presented in good and makes comparison and viewing easy. I liked how you explained your thoughts and questions

throughout. Your personal experiences with inventory systems was good too. You have a lot of information in this step and seem to have

answered all the question in the assignment task guidelines, great job!! Although, I am unsure if you talked about the size of your

company’s inventories in relation to total assets and the proportion.

STEP #8: MYOB

It is great that you explained your thoughts in this step. You have provided screenshots of your MYOB training and set-up (I am unsure

if they are the right ones as I myself do not know) and quiz which was required. This step is completed to the requirements of the

assignment sheet.

STEP #9: TRANSACTIONS AND REPORTS

I don’t see you ten transactions listed anywhere - if you have a look at mine you can see that you need to write out the transactions as if

it were before you put them into MYOB (I hope you know what I mean). You have included a lot of your personal thoughts which is

great. I was unable to see your all journals report though, if you are having trouble finding this, I suggest looking on MYOB or YouTube or

I could point you in the right direction if you’d like. May I ask why you included the cash disbursements journal; I don’t think you talked about it, but you did refer to the excel sheet (Did you think this was

the all journals report? That’s what I’m gathering from your document.). Have you talked about the story that the financial

statements are telling you and your interpretation of the statements? What tools can we use to analyse the financial

statements? Good format for this step, although, I think there are a few things that could be added and revised.

STEP #10: DEPRECIATION

It was great that you included tables, photos and definitions/statements directly from the financial statements in this step. *** So, you haven’t completed the three journal entries and would like assistance. I would start with having a look at my work and looking at the week’s lecture slides that are associated with depreciation. When depreciation entries are completed that are

(almost, I think) always the same. There are several different methods to depreciate but if you have a look at the journal entries,

they are all the same. Our task here is to create three journal entries (essentially copying and pasting from the lecture slides), where we

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can identify figures or use ‘XXX’ and identify things to be depreciated, like buildings, land and equipment, tooling, etc. Your

financial statements that mention depreciation should explain what they are depreciation (buildings, tooling, etc) and you use these in your created depreciation entries. I hope this makes sense or I will try to explain it in another way. Essentially, we just need to know how to write a depreciation entry and know what our company is

depreciating after looking at the financial statements. *** I am unsure if you mentioned if your firm has changed depreciation

methods or what type of method it uses. You also need to write how depreciation journal entries impact your financial statements and how they can be manipulated. So far you have done good work on

this step, with further things to complete.

OVERALL STEPS 7-10

Step 7 was done fantastically, with all aspects addressed. Step 8 is done according to the assignment sheet. Step 9 has good

foundations, with a few things that could be added and altered. Step 10, what has been completed has been done well, but there is still some work to be done and I hope you can understand what I was

trying to say. Good job on this assignment so far, let me know if you have any troubles, good luck!!

FEEDBACK FROM: Kayla Walkom

Feedback to: Laura Salmon

My CommentsStep 7Inventories

She has given good insight into what perpetual and periodic Inventories are. A few grammar and spelling mistakes were found in this Step but aside from this, she has answered the questions about Inventories very

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well. she has not listed what method of Inventory her company uses (I am unsure what her company actually is as she has not stated it at all during this Step and I have not read the prior Steps of her assessment) but has said the annual report does not say what they do. Laura could potentially make an assumption or guess which method her company uses. I like that she wrote about her work, Coles, as well as her company as it shows she understands Inventories and what we are writing about in this assessment

Step 8MYOB set up

MYOB training

MYOB quiz

Laura has provided screenshots as proof of doing the MYOB training and set up and has also shown the quiz results where she passed and got 12/13. This is a nice easy Step to read and she has laid it out well in her word document and has provided all the necessary evidence to get marks for this Step. This is a well-done Step.

Step 9Business transactions

All Journals report

Financials and discussion

I like the way she walks us through her thought processing to how she is going to create her transactions. She has created the list of transactions; however, it is in a separate excel document rather than included into her word document. I would suggest including the list in her word document, so it is all in one place and easier to view. She has written her thoughts down about each of the financial statements which I like as well.

Step 10Deprecation

She has written about the Study Guide chapter 5 a little which is not required but is certainly welcomed. She has included screenshots of the Annual Reports and financial statements to further explain and provide visuals of the information she is writing about in regard to depreciation. She has also answered the question required of us to answer and has done so very well. as of the time I am reviewing her work, she has not done the three journal entries part of this Step, but aside from this she has done well on this Step

Overall Overall, Laura has done a really great job on this assignment, in some aspects she has gone above and beyond with the information she gives. She has answered everything necessary very well and has provided all the required screenshots as well. all that I have to suggest for Laura is that she read over her work or get somebody else (or Studiosity) to proof read her Steps to help with her grammar and spelling. Then lastly for Step 9 and her transactions, I mentioned putting her transactions into her word document so it can all be viewed in the one place, however if she wishes to disregard this suggestion that is okay as well, it is just a suggestion. Overall, a well laid out assignment, well done Laura.

Final thoughts:

I always dread this part of our assessments, not because I don’t want to provide feedback or I think it is hard but because I know that I am going to have to prompt and prompt people to interact with me or I will get no response on my Facebook posts. I know that I am not the greatest person when it comes to being interactive on Facebook, but I would have thought that there would be greater response to this part of the assignments because it is an essential aspect. I always find it hard as well to find other student posts about their drafts on their blog, I am not sure if my Facebook settings are just not showing everyone’s posts or maybe there just are not that many.

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As can be seen above, I only received two lots of feedback from other students, with only one of those students replying to my post. The other I commented on their post asking if they wanted to exchange feedback. The third one, stated they were finished with that step and not looking to provide or receive anymore.

The feedback I received I took on board (as usual) and fixed the errors that I felt I absolutely needed to, however, there was a comment from one of the students stating that I should add my transactions into my word document. I did consider this but would not be able to screenshot the entire page without it being too small to see. Therefore, I have the separate Excel document for these transactions (and I do reference that at that part of the step).

I do feel like I held back a little with regards to my feedback on this Part of the assessment. I don’t know why.

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