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ACCT11059 Accounting, Learning and Online CommunicationASS#1Kayla Walkom | 12107764 | CQUniversityStep 1: Reflection on the Introduction and Chapter 1What a way to start the unit! I was not expecting that studying at University would include me writing my thoughts and opinions in a blog! I was expecting to start in Week 1 (11th of March), read the chapters, hear what people have to say via Zoom sessions, and complete assessments. But no, that is far from it. I started two weeks prior to the initial start date of Uni, and I am already feeling confident in the progress I have made. So far, I have read the readings for week one, logged on to PeerWise and tackled the questions people have created, while also writing my own and connected with people via the Facebook Group!From what I have seen so far, CQU likes to have weekly schedules for each of their units. For me to stay on top of things, I have written down each of the tasks that are to be completed, onto a whiteboard that sits in front of me as I study. Next to each task, I have a little box that I can tick once I have completed that said task. I like the way that the Assessment is broken down into steps as it means I can stay on track by completing each step gradually throughout each week up until the due date.I am glad that I am able to begin prior to the term starting (I know, what a nerd!). But seriously it’s great because it means I won't be stressing later on as I will have already done most of the tasks set for Week 1. It helps to know I am on track with Uni while also working here and there and trying to still have a social life outside of studying and working. It is also a relief to know that there is no exam on this unit as it means I can focus more on the assessments for this unit and the study for other units as well.I have loved using PeerWise! It allows me to test what information I have retained from the Study Guide and gives me a chance to create questions for my peers. PeerWise also enables students to leave and receive feedback, which means we can help each other learn. After the few questions I have created, many people have commented and given me constructive criticisms and also some really positive feedback. This will help me in the future when creating more questions as I will know what people see as a good question or what isn’t. I learn from reading, writing notes then testing my knowledge and PeerWise gives me the chance to test myself and others.I can honestly say that this is a big change for me after just finishing year 12. For me throughout high school, I was one of those people that attended class but got distracted and didn't listen to what the teachers said as much as I should have. I passed my subjects, but I had to do it all on my own due to not communicating well with my peers or listening to the teachers enough. This is something I strive to do better, going into my first year at Uni. I am determined to communicate with other students and also with lecturers. I am doing 4 units this term and I really hope I can stay focused throughout the next few months and learn new things.As I read the introduction, I noticed how organised Martin, our Unit Coordinator, is in terms of this unit. He has opened up many opportunities for all students to communicate with one another for both online and on-campus students as he has set up a Facebook Group where all students can communicate and ask one another questions. I am still a little terrified of going into Accounting as I struggle with simple terms and definitions of certain things, but I am sure that the more we dive into Accounting, the more I will understand it. I really enjoy the way that Martin writes these chapters, however with certain terms, I would like there to be a clear-cut definition of the term, whether that be in a glossary, the side of the page or just a short sentence within a paragraph. I have noticed that Martin will talk about some things such as double-entry accounting or even really simple terms such as assets and equity without any real definition of what these are, and as a student who has no background study of Accounting I had to search for some of these terms up before I understood what they really meant. I am sure over the next few weeks I will grow used to reading the paragraphs and just simply understanding what these new terms mean without needing to search for the definitions. I will be writing down definitions in the future of words I don't understand and will use PeerWise as a guide by using other students’ questions and answers as 'notes' to write down and also test other peoples’ knowledge of the definitions that stumble me.In addition to this, Martin did use definitions in the section 'Five Elements of Accounting' which I found easy to understand as he used a clear-cut definition before moving into the more complex information about each element.Before I started this unit, I saw accounting as something that was just simply numbers, statistics and storing information for business financial records. But after reading what Martin had to say in chapter 1, I now realise it is much more than that.Within chapter 1, Martin included a list of many different businesses in Yeppoon. It was a long list that I first thought was a pointless list of random businesses. However, now I can see that it is incredible at how many businesses can be in one small town. Martin explains he saw businesses such as cafes, dollar stores, retail stores, furniture stores, cafes, supermarkets, car dealerships and so much more. This goes to show how many businesses there are in one town! Imagine how many there are in the world?! I can also say that while reading through Chapter 1, I got a little history lesson as well throughout the reading. I learnt about the first keyboard, when double-entry was first mentioned and of course the general technological change over the years. Back in high school I never liked history and never studied it through years 11 and 12. But when I read what Martin had to say about history, I quite enjoyed knowing when and how things started.I am ready to see what the next few weeks have in store for me, and also to see how other students in this unit are tracking. I like reading what everyone else has to say on their blogs as well. This is only a draft and would love feedback from people,Thanks.Step 2: Moodle Profile and Personal BlogFor Moodle Profile: Click HereFor Personal Blog: Click HereStep 3: My CompanyLinks to my Company’s Annual Reports:Annual Report - 2016Annual Report - 2017Annual Report - 2018Background information:Wow, week 1 of University is all complete! I can’t believe how quickly it went! It has been such a busy week with work, study and me time. I am doing 4 units, so it is a full work load. I aim to complete the readings before the week actually begins and, so far, I think I am doing alright at this. Before week 1 had begun, I had completed the chapter readings for all my units and was ready to just work through the lectures and activities set for the week, then begin week 2 readings.On Friday of week one I received my company for the first assessment. I have got to say, I was so keen to get my company and start researching. However, when I got my company and realised it wasn’t a company I knew about, I felt a little lost, however, I quickly got over that after doing some research on my company. My company is Vocus Group, which is an international telecommunication service company founded by James Spenceley in 2008. This company provides multiple Data Networks which are: Dark Fibre, Ethernet, IP WAN, Secure SD-WAN, Wavelength, and Cloud Connect. Although I had not heard of Vocus Group before, I had heard of brands within this company such as:Enterprise, Government and Wholesale (Australia): Vocus Communications, Commander, EnginConsumer Brands (Australia): Dodo, iPrimusConsumer Brands (New Zealand): Slingshot, Flip, OrconEnterprise and Wholesale (New Zealand): 2Talk, Vocus Communications NZ.The three annual reports of Vocus Group are quite long and, as Martin said, we don’t have to read them in full. Instead, I have skimmed over them and read bits and pieces that stuck out to me. At the very beginning of the report, it displays the highlights of the company, how it performed over the year and how it has improved since the previous year. - Blog Post including above information.Annual Reports and KCQ’s:Each of the annual reports contains a chairman and CEO letter, which comment on how the company went within the year, how it improved since last year and what its plans are for the future year.In the 2016 report, they have said over the past 12 months they have gone from being in the ASX 200 to the ASX 100 with a market capital of $3.5 billion. Revenue is up 455% to $830.8 million, underlying EBITDA (which I talk about further down) up 318% equaling $215.6 million and underlying NPAT (also talked about later) had growth of 461% to $101.7 million. They also had a final dividend of 8 cents, meaning they made a total of 15.6 cents in dividends per share in the year. Skip to 2018, and revenue has grown 2% to $1.9 billion and the underlying EBITDA grew 7% to $366 million. In the 2018 report, they also speak about sustainability quite a bit which I found interesting. “Sustainability reporting is increasingly in focus as investors and potential employees look to how a company behaves beyond its financial statements.” In 2018, Vocus achieved the following:Increased in number of team members giving their time of 196%Increased in number of hours given to charities of 148%Reduced in customer invoice printing of 0.2%75 people participated in the Leadership Development Program32 people participated in the Mentor ProgramVocus won ‘Customer Service Team of the Year (small)’ in their enterprise and wholesale segmentAlongside all of this, they also included that their gender equality for senior leadership roles declined for that year, and they have said that they have made specific plans to change this so that there is greater gender diversity in the higher levels of management.After they have stated their achievements for sustainability, they then go on to state their goals for 2019 which are as follows:Increase the number of skilled volunteering members by 5% and also maintain a high level of charitable activityReview supply to make sure that what they are doing is the best for the environment and the stakeholdersEnsure sure that the gender balance within senior leadership level workers improvesVocus actually has another report specifically for sustainability alone, which has much more information on the company’s sustainability. The latest report can be found here. Also, on the website, they have a ‘Giving’ tab which has information about things that Vocus is doing for the community. They currently are part of a charity called ‘Telco Together Foundation (TTF)’ and Vocus supplies this charity with office space and supplies, pays a year membership fee of $50,000 and hosts fundraising events for the charity to raise money for mental health, homelessness, refugees and indigenous communities. Most leading Australian telecommunications companies are part of this foundation as well.They also have the opportunity for permanent members of the company to participate in two days of paid volunteer work each year. They also have a giving scheme which allows members to donate to TTF out of their payroll.They are partnered with ‘Starlight Foundation’ which is a charity raising funds for sick children around AustraliaThey have a $5000 scholarship at the Charles Darwin University that they give to IT students and also offer paid work experience of two weeks to the students who receive the scholarships.They also then have a group of team members who participate in a range of community activities in Manila which include:The blood donation driveChristmas carols and collection of donationsDare to careMillion Volunteer Run (500 participants)Rehabilitation of a park and playground (Karanglan)Another thing I noticed while reading the annual reports was the acronyms EBITDA and NPAT. EBITDA is stated many times throughout the 3 reports, however in the 2018 record, I also noticed there being EBTIDA and EBTDA. Is this just a mistake? EBITDA is clearly the most used version; however, the company never actually explains what it stands for or what it means. It is just assumed that we should all know what it is and to understand what they are referring to. I did not know what it was so I did a little research to see what would come up when I searched for this acronym, and it stands for Earnings Before Interest, Tax, Depreciation and Amortisation. By the looks of it, the 2018 record has just misspelt EBITDA on a few occasions. Another version of this acronym is EBIT which simply stands for Earnings Before Interest and Tax. In terms of NPAT, this was explained in a footnote, and it represents the Net Profit After Tax. After reading on some more, I stumbled upon the remuneration report. What I found interesting was when they are showing the earnings for the year, they show the previous 4 years as well. This is different to the financial statements as they only show the most current year and the year before. This meant that I could then see the earnings for EBITDA, EBIT and Profit after income tax, for a total of 7 years, 2012-2018.EBITDA, EBIT and NPAT are all mentioned in the Operating and Financial Review of the annual records and the review displays the earnings of each of these.While reading the firm’s financial statements, I came to the statement of financial position (balance sheet). I noticed that the values for Non-Current Assets and Non-Current Liabilities for 2016, in the 2016 annual report were different values to the 2016 values in the 2017 annual report. This meant the total of both assets and liabilities were different, as were the net assets for 2016 across the two annual reports. I posted to the Facebook page to see if this was normal for this to occur and no one else seemed to have come across the same issue as I did. I also asked Martin and he said most people would not have picked that up if it had occurred but most of the time it will just be the company finding extra information they hadn’t seen when they recorded the information. Opportunities and Challenges:Vocus Group has a YouTube channel that goes by the name of Vocus Communications. This channel has more information about each of their brands. Here is a video uploaded by Vocus itself on YouTube which speaks of Vocus Upstart which is a three month Tech Accelerator Program in Perth. In an article on the main Vocus website, they have then also said that, “Vocus Upstart is a world-class startup accelerator program that gives tech startups an opportunity to bring their ideas to life. On offer is cash and a money-can’t-buy network of mentors comprising successful entrepreneurs, domain experts and experiences VC’s.” The website for Vocus Upstart can be found here. It contains more information on the Upstart website and also the article I have linked.Talking to Others:After posting a short summary about my company, I had a few people comment on my blog post. Chris was the first to comment, and he found it interesting that I had not heard of the company Vocus, but I had heard of the brands such as iPrimus and Dodo. This is something I certainly found interesting at first glance of the company because how do you know the brands of a business without knowing what the overall company is?Hayden also commented saying that telecommunications companies will be facing some challenges in terms of keeping up with technologies and he was interested to see how they would deal with this challenge. Vocus seems to be doing alright at keeping up with technology, but they are doing significantly well at staying on track in terms of things such as sustainability as I mentioned earlier. They have done many things to be a sustainable company and are always thriving to do better in that aspect of their business.Then another comment from Bec was saying that she was also doing a telecommunications company and is interested to see what my company’s challenges are.I also then spoke with Monika about her firm as she was doing another telecommunications company. Her company was BSA Limited and she explained to me that her company played a big role in the installation of the services provided such as NBN, so it was a little bit different to my company but it was interesting to talk to her about her company and mine.Another thing I noticed after seeing posts on the Facebook group was that many other students were having the same issue I was in terms of the financial statements for one year being different across two of the annual reports and it seems to be common among many different companies and 3 Blogs:I am following so many blogs as of now, and I have to admit, it is so hard to narrow it down to three blogs that I enjoy reading or hearing from. I can’t really narrow it down to 3 as there are so many great blogs out there that are great at giving back feedback and helping everyone out. I have had feedback from many people along the way, however for the purpose of this assignment I need to narrow it down to 3.The first person’s blog I want to mention is Georgia Muir. Her blog, Accounting With Georgia, has been great to read and I noticed that she had me as one of her top three bloggers as well. Prior to starting our studies at CQUniversity, we got in contact with each other and found out that we were both studying the same double degree, were the same age and were studying the same workload of 4 units! It was a relief to find someone who is the same age as I am, that I can go to for help when I need it or for her to come to me if she is stuck. She has helped me with getting started on this step of the assignment and has been a great support to me so far, as we both study from different parts of Australia. I believe we will work great together throughout our time studying at CQU as we work study the same units together over the next few years. In her blog about her company she talks about her company, Papyrus Australia, and how she had not heard of it and that she was hesitant about starting her research of this company. I can relate to this in so many ways. I had no idea what I was going to be getting into when I started my research on a company I had never heard of, and like Georgia, I wished I had gotten a company I knew about, but that is how life works, we can’t get everything we want right?I look forward to studying alongside Georgia and reading her blog posts and seeing how she is going in her studies.The second blog I want to mention is Chris Apps. His blog, The Balance, has been interesting to read. He gave me feedback on my step 1 draft and has also always commented on my posts and given great insights. On my company’s blog post he said that he found it interesting that I had heard of brands within my company but not the company itself.As I have noticed, Chris spends time commenting on other people’s blogs and connecting with others while also giving great feedback. He is also doing more than one unit currently and in his ‘Step 3 Progress’ blog, he speaks of how he wishes he had started with only one unit as many other students are doing. I can relate to this so much, as juggling 4 units and trying to also do work shifts here and there can be hard work. Towards the start of term, Chris shared a way in which others could plan their study. He mentioned the use of Gantt Charts and many people have learnt different ways to stay organised from him.I look forward to reading more from Chris’ blogs in the future.The third and final blog I want to talk about is Hayden Anderson. Hayden’s blog, Hayden Anderson - CQUniversity, is very helpful. He has helped me with setting up my blog and was helpful when it came to my step 1 draft. He has also been someone who has commented on my blog posts and given great insights. In one of his blogs about PeerWise, he goes into detail about how there are many questions that are not relevant at all to us. I commented on his post saying that I agreed with what he had said as there is definitely hundreds of questions “clogging” the question feed as Hayden stated in his post. This then means that there is a massive list of questions to answer, but there is a good portion of them that are of poor quality and are not helpful to our learning experience in any way.I am looking forward to hearing from Hayden in the future and reading his posts.Alongside these blogs were many other bloggers that have been helpful to me which include Paul Feasey with his blog Being Held to Account and Mervyn Garner with his blog Merv’s Blog. These two have also had great input into giving me feedback and have also got great blogs to check out. I hope that people reading this will check out the people I have mentioned and give them all a follow and comment on their blogs. - Blog post about top three blogs.Studiosity:I submitted my step 3 to Studiosity at 10am on Thursday the 28th. The estimated time of them giving me feedback was the following day at the latest of 9am. I received feedback from Studiosity at 3:30am on Friday morning, although I only looked at it at about 9am. Their feedback was really helpful, and I managed to fix up any issues with my work quite easily. The person who edited my work was really nice and knew what the overall task was and was able to help me adjust grammar and sentence structure. When submitting it to Studiosity I wrote that we are able to talk in first person and Studiosity understood that and whoever edited my work, was able to help me make it sound more formal whilst still keeping it first person. I will definitely be using Studiosity with all future assignments as it is easy to use and gives great feedback.Step 4: Company SpreadsheetFor my company spreadsheet, please see the attached link:My Company Spreadsheet Link Step 5: Reflection on Chapter 2 and 3When I read the first paragraph and title of Chapter 2, I was intrigued to see where this chapter would lead as it clearly stated that it was going to talk more about the ‘game’ of accounting. To my understanding, I believe that this means it will explain how accounting works and help me to understand this ‘game’.I found it interesting how open companies are with their financial statements. Almost everyone is able to view a company’s financial statements. It used to be more private however, today, it has become more public because everyone likes to see how a firm is going and by viewing the financial statements, people can see exactly that. It was interesting to know about the different rules and regulations that go into making financial statements. I found this interesting because after doing my company spreadsheet and filling out the balance sheet, changes in equity and income statements, I had no idea that there were rules that a company had to abide by when creating this information. The rules used only need to be used in financial accounting (outside the firm) and not the management accounting (inside the firm) however it is mentioned in the chapter that firms like to use one accounting system so it is normal for them to use the same rules for their management accounting. The name given to these rules for making the financial statements is Generally Accepted Accounting Principles (GAAP) and includes information from the Australian Accounting Standards Board (AASB), Australian Securities and Investments Commission (ASIC), and the Australian Stock Exchange (ASX). In this chapter there were many abbreviations and acronyms, and I am going to struggle to remember each of them at first but will eventually get there. I am listing them now for me to look back on and remember so it is a mental note for myself but also for others to see. They are as follows:GAAP – Generally Accepted Accounting PrinciplesAASB – Australian Accounting Standards BoardASIC – Australian Securities and Investments CommissionASX – Australian Stock ExchangeASX – Australian Securities ExchangeIFRS – International Financial Reporting StandardsIASB – International Accounting Standards BoardCAANZ – Chartered Accountants Australia and New ZealandOne fact that I found crazy, was the fact that there is roughly 2.2 MILLION actively running businesses around Australia. Only Australia. Not America, not China, not Japan. Only Australia. I just found that incredible. That’s a lot of businesses.Martin goes on about how we really need to learn and not just remember information for writing up an assessment then forget it straight after. He talks of learning as being a long-distant commitment so that we will remember the information in the long-run, which he also mentions in the Introduction and Chapter 1.Martin later mentions accrual accounting and had examples such as electricity bills. They are paid after using the electricity for a month. Then there are things that are paid for upfront such as bus trips. What is accrual accounting? Well I see it as being the documenting of transactions once they happen. So, for the bus fare, it is when the fare is paid, however it is different for electricity bills and might not be when the money for the bill is paid.Now onto Chapter 3. Introducing financial statements. I had heard about financial statements prior to reading this and had looked into my company’s statements so I knew a little bit about them before reading.As I noticed in my own company’s financial statements, there are four different general-purpose financial statements that can be found which include: balance sheets, changes in equity, cash flows and income statements. As Martin has also mentioned, and I have noticed while everyone is completing their assignments, every company displays their financial statements differently and calls the statements different names as well. For example, my balance sheet is actually called ‘statement of financial position’ and my income statement is called ‘statement of profit or loss’.Annual reports are marketing documents? This was new to me as I had always thought that the annual reports were just words and numbers that didn’t interest anyone besides the firm’s employees and managers. However according to what Martin has said, it is a way for the company to advertise what they do. I noticed this after reading through my annual reports. They were quite interesting, and it explained what the company wanted to achieve or what they already have achieved.Another thing I did not know was that the value of the balance sheet accounts is like a snapshot in time, as of June 30 (known as the end of financial year in Australia). When I was filling out the spreadsheet and had to write ‘as at’ I had no idea what that meant but I now know it is referring to the one specific, important accounting day.I also learnt more about the other three statements and how they work and what is included in each of these. I knew little about each after viewing my company’s statements, so it was interesting to learn about each statement.Step 6: FeedbackI have received bits and pieces of feedback from a number of peers within comments on my blog posts and I have mentioned them in previous steps. Here are the peer feedback sheets I have done for a few peers and then after that I will include some feedback forms I have received as well.PEER FEEDBACK SHEET: ASS#1Feedback From: Kayla WalkomFeedback To: Hayden Peterson My CommentsStep 1KCQsHayden has written his KCQs in a great way and it all flows nicely. I like how he has pointed out how Martin plugs his social media platforms, but it makes sense for him to do so. He has written a great step 1 with details in all the right places while still keeping it light and interesting for whoever reads it. Step 2Hayden’s blog was one of the first blogs that I followed prior to the beginning to Week 1. He has been on track throughout all of the weeks thus far and has a really great blog. As I have seen, he does not only blog about the assignment or blog the necessary posts, but rather he posts about other things to assist others. He has posted about PeerWise, which I spoke about in a previous step, and also has made two posts relating to blogs and helping others create their blogs and make them more interesting. Hayden has been a big help to many people thus far and I am sure he has still got a few tricks up his sleeve that he will share with us over the next few weeks. On his Moodle profile he has attached his blog and has also included a few of his interests which allows other students to get to know him a little bit better.Introductory words in Description boxPhoto and descriptionLink to your blog/Set up blogStep 3Hayden gives plenty of information on his company and goes into detail on many aspects. He definitely isn’t short on detail for his company. He has outlined his KCQs. He has also related information that he finds when looking into his company, back to the study guide which is a great way to learn more about the topics at hand. He includes lots of statistics and uses a number of sources. Hayden has done extensive research and it is definitely showing throughout his assessment.Background information on companyComments/KCQsComments on other’s blogsStep 4Hayden’s AIA financial spreadsheet looks fantastic and looks very nice with a great layout. It looks as though he has finished his spreadsheet although one thing I did pick up on is he has everything in italics except for the titles. I would suggest taking italics off and just keeping everything normal with the titles in bold, however if this is how he wishes to present his work there is nobody stopping him, and it will look great either way.Input company’s financial statementsStep 5Hayden’s KCQs for the readings are well written and he relates to his own experiences. For example, he talks about his experience in the Royal Australian Army and how he noticed the ‘shades of grey’. I enjoy reading about other peoples personal experiences and this is something I liked to read from Hayden. KCQsStep 6Individual feedback with othersHayden has been on top of everything and has been giving people feedback along the way. He is active on people’s blogs commenting and communicating with others feedback and just general ideas. He has completed a feedback form for me and two others as well and I have included the one he did for me down below. He had finished and posted his assessment a little over a week prior to the due date of the assessment which has given plenty of time for people to look through his feedback and adjust anything they thought was necessary. I have really liked hearing from Hayden as he gives great insights that make you think about certain things more.Overall ASS#1Overall, I have really enjoyed reading Hayden’s assessment and hearing from him as well and I am looking forward to reading more from him in the future. Great first assessment. I don’t necessarily have any specifics that Hayden can improve on besides my ideas for his spreadsheet. Great assessment.PEER FEEDBACK SHEET: ASS#1Feedback From: Kayla WalkomFeedback To: Tiarna-Lee CooganMy CommentsStep 1KCQsI really liked the way that Tiarna speaks about how she was a ‘Rote’ learner throughout school and I can relate to that as well. she speaks about how she could not remember things from chemistry and mathematics but when it came to remembering things from her other subjects that she really enjoyed, she could remember so much more. This is so interesting to me because I was much the same but I never really connected the dots to me being a ‘rote’ learner in that way. I really liked the way she wrote her KCQs and the rest of this step and I feel like I am getting to know her just by reading her assessment. Step 2Tiarna’s blog is one I started following a little bit later on, but I really like the layout of her blog. Another thing I find really interesting is she explains in her ‘about’ page that she loves music and so with most of her posts, she adds a song to the end of them which allows people who read her blogs to get to know her through her music. she has also created her Moodle profile and included a link to her blog so that other students can navigate to it.Introductory words in Description boxPhoto and descriptionLink to your blog/Set up blogStep 3Within her background information, Tiarna has mentioned a few key things already. She mentions a challenge the company faces, how they are going to manage it and what the company actually does. Then throughout the rest of her step 3 she goes into more detail with the annual reports, the challenges and how they approach them. it was interesting to hear about a company that is not in Australia as well. she has done well at talking about KCQs and how she feels about her company. Overall a great step 3 with a great amount of information, but not too much that it is too complicated for others to understand.Background information on companyComments/KCQsComments on other’s blogsStep 4Tiarna’s Debenhams PLC spreadsheet is looking good and almost complete. By the looks of things, all she needs to do now is the final touches with editing the rows colours and I also noticed there are a few rows without titles but have values for each year. I think she may need to explain what these values are for so that it is understandable, but overall a great spreadsheet.Input company’s financial statementsStep 5I really like the way that Tiarna has written out her step 5. She has developed good KCQs and noted things she found interesting and has talked about them in more detail, for instance when she is speaking of the history of accounting and how banks were unable to gain access financial statements from companies. I like how she has used examples in her step 5 as it allows others to understand key things from reading her KCQs. She has also included things that confused her and has been really honest about how she has tried to understand the concepts of ‘parent companies’ but that she still does not understand it. Really great detail has been used in her step 5 and I really enjoyed reading about what she had learnt.KCQsStep 6Individual feedback with othersTiarna is someone I have seen posting to Facebook, asking for feedback and also offering to give people feedback as well. She has not yet posted any feedback forms yet, but I know that she is working hard on giving people feedback. I have also gotten into contact with Tiarna via Facebook and we intend to stay in contact with each other in the future to check in with one another to say how we are going. Overall ASS#1Overall, I think that Tiarna has done a really great job at the first assessment. She does have a few final things to fix up as I noticed a few spelling mistakes where she has used the wrong spelling of a word such as ‘weather’ instead of ‘whether’ or ‘of’ instead of ‘off. But overall she has doing really well and I am excited to see what else she writes in the next assessment.PEER FEEDBACK SHEET: ASS#1Feedback From: Kayla WalkomFeedback To: Georgia MuirMy CommentsStep 1KCQsI really like the way that Georgia writes her assessment. I like what she writes about how she breaks her assignments down into small tasks. I do the same thing to make it feel like I am getting things done. Great first step and she has included some interesting concepts (KCQs) that she found within the reading and has explained them. really great step and was great to read what she has found within this step, in comparison to myself when I read the Introduction and Chapter 1.Step 2I quite like her blog as it is easy to navigate and looks nice. I personally like blogs that include an ‘about me’ tab in them as it allows for peers to get to know each other. Georgia has done just that and has let us know who she is, what she is studying and what she enjoys doing. On her Moodle profile, she has a short description of herself and she has also included her blog link so people can easily navigate their way to her blog. Introductory words in Description boxPhoto and descriptionLink to your blog/Set up blogStep 3I like the way that Georgia has written her background information of her company Papyrus Australia. It is nice, short and simple which is all it needs to be. She has clearly explained what her company is and what they do. I found it quite interesting about how the company uses banana palm as their resource. All of Georgia’s step 3 is well written and she writes her KCQs well. I can relate to how she felt about receiving her company and not exactly feeling excited to research it, however she has done really well at looking into her company and reading over the annual reports to find her KCQs. Overall a great step 3 that includes all the criteria: background information, KCQs, annual reports, discussion with peers, Studiosity feedback, and the top 3 blogs.Background information on companyComments/KCQsComments on other’s blogsStep 4Georgia’ company spreadsheet has not been provided.Input company’s financial statementsStep 5Georgia has written her KCQs and again it is nice and simple. I quite like the way that she writes as it is easy to understand and relatable. She also relates her KCQs to her company as well which is great. It helps gain a better understanding on the study guide and the company’s annual reports. KCQsStep 6Individual feedback with othersGeorgia and I have been communicating most days and have been helping each other with certain aspects of the assignment. She has been giving me feedback and assisted me with how to layout step 3 and I hope that I have been able to do the same for her. She has posted about herself on the Facebook page, spoken to Martin about an issue that arose and also commented on a few people’s posts. I haven’t yet seen her post on other people’s blogs yet but I have seen her gain some great feedback on hers.Overall ASS#1Overall I think that Georgia has done really well with the first assignment for this unit and I am looking forward to seeing how she travels throughout this unit. I look forward to reading more about her company in the future.Feedback given to me:Feedback From: Hayden PetersonFeedback To: Kayla WalkomStep 1 KCQsI really love the way Kayla writes about herself, I can almost feel her personality popping off the pages. From the outset I can tell Kayla is much younger than me. This is not a negative thing, but she really conveys her youth and enthusiasm through her words and even the fact her headings are in purple displays her enthusiasm. Kayla’s KCQs are very self-reflective which is great because I believe this is a fantastic way to think about stuff you are learning. Kayla is able to write KCQs that are very relative to the items she has just learnt. I’m actually impressed with her articulation considering she has only just finished year 12. Thinking back to how I wrote in 2002 when I was in year 12 I think I would have been put to shame. If I could pick on one thing on Kayla’s document, it would be the font she has used. I know there is no set format in the unit, but I believe a better use of font would make her document easier to read.Overall a great start to Kayla’s journey.Step 2Moodle & BlogKayla was one of the first Blogs I followed which meant she was very organized prior to the unit starting. Her Blog is a crisp white background and very simple to follow. She regularly comments and gives feedback to a range of users which is great. I think she could add a little bit more media into it rather than just photos however I like the fact she posts personal photos of her life it makes the reader feel more attached. Perhaps the odd video on a relative topic would help but overall, it’s a crisp and clean setting.Step 3Background info and KCQs on CompanyKayla has done a great job of reporting on her company “Vocus Group”. She has provided a great breakdown of the company’s financials as well as links to relevant media she can across. Her Step 3 is well laid out and the KCQs are thoughtful. She has been able to find information she was unsure of and rectify this after reading various chapters of the study guide. You can see how she has worked through this process within her understanding of the EBITDA acronym which she references. I like hos Kayla has broken her company into subheadings, this allows the reading to focus in on the key points Kayla is trying to construct.Overall, a very good step 3. Step 4SpreadsheetThe Vocus Group spreadsheet Kayla has put together is very solid. She has done a great job with her formatting especially within the heading sections. Kayla could improve by tidying up some of her totals columns. There are a few that have been underlined, however some have been left off. She could also value add by inserting links to her company’s financials in the documents section. Apart from this it’s a great start. Step 5 Chp. 2-3 KCQsKayla’s Step 5 is lacking a little, I think she could have added some more data into this area. Although, she has done some great reflecting here and been able to ask some questions of information she didn’t quite comprehend. She has done a good job on reflecting back on her own company. Step 6Individual FeedbackI think Kayla has the best interaction that I have seen. This may only be matched by Paul Feasey whom is another blog I follow closely. Kayla’s feedback can sometimes be generic in nature and be more about how she liked the quality of someone’s posts. I haven’t seen Kayla give too much constructive input into how people can improve or enhance their assignments, however her positive re-enforcement of their work shines through. Overall, Kayla’s feedback is well thought out and engaging.Step 7Overall ASS#1I have enjoyed the vary degrees of people content as I have followed their blogs. Kayla’s assignment stands out to me due to the enthusiasm she writes with. I believe she has attempted to improve where she has received feedback which displays her willingness to get better throughout the process. Overall a great first effort from Kayla.7.5/10Feedback From: Tiarna-Lee CoogamFeedback To: Kayla WalkomMy CommentsStep 1KCQsKayla’s KCQ’s for step one was a great read. She is able to relate her own experiences and thoughts to the study guide which engages the reader to her writing, as well as giving an insight to who she is. Like Kayla, I too have been undergoing the changes of transitioning from high school to University. It was comforting to know there is someone in the unit I can relate to. Step 2Kayla’s blog is both aesthetic and easy to navigate. She includes photos in her blogs she has captured herself which makes her blog very individualised and unique. Her ‘About’ page is very insightful to who she is and what she enjoys. She includes links to her Moodle profile where she includes a small description about herself. Introductory words in Description boxPhoto and descriptionLink to your blog/Set up blogStep 3Vocus Group was the company that Kayla was allocated. Like Kayla, I too had not before heard of this company, but was interested to discover it is a telecommunications service company. Her step 3 covers numerous KCQ’s and the reader is left knowing who the company is, what they do, and the economic and business realities of her company. It was interesting to know that in her 2018 report had misspelt EBITDA a few times. Kayla has provided very perceptive KCQ’s and reflections on her company. Background information on companyComments/KCQsComments on other’s blogsStep 4Kayla’s spreadsheet is tidy and ready for submission, well done! Input company’s financial statementsStep 5The KCQ’s Kayla has covered over chapters 2 & 3 are very well written. I really enjoy her insights to the study guide, including those that expressed Kayla’s surprise to certain information. For example, how Kayla reflects on the fact that there are 2.2 million businesses in just Australia. Her step 5 KCQ’s are engaging to the reader, and very reflective of what she has learnt and how she can relate to it. KCQsStep 6Individual feedback with othersKayla has provided her peers with very descriptive, valuable feedback. She is able to be honest of mistakes made and ensures to use examples of what she has found interesting or well done. Overall ASS#1Overall, Kayla has done an amazing job. I was very impressed and engaged throughout the entirety of her assessment. I have no points on which Kayla could improve. She has included insightful KCQ’s, reflections and done a wonderful job of communicating with her readers. Well done! ................
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