Calculating some ratios for your firm
I have been dreading this step for a long time. I found the idea of ratios and percentages very confronting and nerve-racking, but I was glad find out it was easier than I thought it would be. I found some of the videos from Maria a bit overwhelming because she goes very fast but the good thing about those videos is being able to replay certain bits in my own time and doing it that way was a lot easier to follow along. I found myself struggling and confused at times, but I am glad it is all done, and I am feeling somewhat confident in my work.
I am really glad that Maria gave us a 10% figure to follow so I did not have to waste too much time looking for a percentage in my firm.
After comparing and discussing my company with others in this unit I can see that my company does quite well with their profits over the last 4 years which is great to see. Overall, I have learnt so much from this unit. I have learnt the key foundations of accounting, the terminology, how to analyse financial statements, how to make big decisions and budgeting and so much more. It has been a very stressful yet rewarding rollercoaster and I am glad to be nearly off of it. These last steps have been the hardest. In the beginning of the assignment I thought it would be a piece of cake and I would breeze through the whole unit but as I got towards the last 3 steps I found myself really struggling, second guessing myself and going back over all of the chapters to relearn some things. But, from this experience I feel like I have actually nailed the “6 Ways of Learning” like Martin mentioned in the beginning of the unit. I feel like I have actually taken something away from this unit that will stick with me for the rest of my career and I cannot wait to learn more!