Friday, March 27, 2009

Week 37 - Day 5

I have been so busy, I forgot to post. Sorry.

Last week was Week 36 (March 16th - 20th) AKA March Break and I was home for the week. Didnt do anything exciting.

This week is now week 37 and we are at the end of the first week of accounting fundamentals. This involves what used to be called depreciation - and is now called amortization. The class has also done adjustments, adjusted trial balance, financial statements, closing posts & post closing trial balance.

Then today (Friday) we started doing Retail accounting. Up until now we have been working with accounts from service companies. Now there is an extra step in the retail sector in that for every sale you make, you have to account for the inventory as well (assuming a perpetual inventory system).

Next week we will do continue with the retail accounting and then do current liabilities before we do the final exam.

When I graduate, I hope to get a job, in one of the following industry sector.
Government at any level, (although there is news this week that the Toronto City Hall is downsizing staff and freezing salaries due to the recession).
Service business
Non-profit business
Publishing business
Media business.

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