Constructing and analysing financial tools

Constructing and analysing financial tools Part (a) Part (b) Part (c) Independent study skills cultivated in 3 academic years. The first is self-study ability. In level 4 and I will take introduction to accounting and introduction to financial statement preparation. These two modules explain the basic financial reports, liking income statement and balance sheet. The knowledge in class about this part is not enough, and I should find more related explanation and practise to enhance my understanding. Fortunately document and web links provided by Leeds will direct students to reading materials and additional activities in a range of modules such as Introduction to Accounting (H4), Dealing with Accounting Adjustments (H5) and Accounting Issues (H6). Students will be able to self-check their understanding by completing online quizzes. As a student, I should correct my attitude towards study and learn to study independently. Level 4 is the foundation of financial accounting, when I learn more about accounting adjustments and group financial statements in level 5 and 6 with the self-study ability, it is not imposs ible for me to correctly construct financial statements for all diverse kinds of corporations in the future, and this would be a great advantage for a employee. The second is about efficient communication and team working skills. I should value the contributions of my peers in team working, for example in the preparation of a group presentation in the Business Context module and Strategic planning and Control module. Working in groups to manage and carry out a simulated business project synthesizing the expertise and skills developed throughout the course. During the process our group members have to assign reasonable apportional proportion that is suitable to their advantages to each members through efficient communication. In workplace, efficient communication makes you professional and team work makes you competitive. The thirdly is use of university e-services e.g. VLE, portal, library and email. We should use appropriate e-tools to locate, access and utilise information that facilitate learning e.g. library e-catalogue and search engines. In Level 4 students will use Excel spreadsheets to create, manipulate and analyse data in the Data Analysis for Finance module. in Level 5. IT for Accountants will extend students’ Excel spreadsheet skills as well as improve their employability prospects through use of the SAGE accounting software. This will involve importing and exporting information from accounting systems into spreadsheets in order to manipulate data. Students will have to continue to demonstrate digital literacy at Level 6 e.g. In the Strategic Planning and Control module students are required to carry out internet based research and prepare a set of final accounts using Excel. The digital literacy is significant in the career life. It is necessary for a employee to be successful. Part (d) Competencies I already have Communication skills. I control good skills of communicating with people. I can clearly identity other people’s advantages and weakness through talking with them. In addition to that, in the group assignment of Business Context, my responsibility is to coordinate every team members, tell their objective and absorb their ideas. Computer literate. I am interested in computer, I am good at internet detective. And using correct resource to achieve the already set objectives. Time management. Normally I use timetable to arrange my daily work, especially for the team work. I will inform my group members early and guarantee they will be there on time, and urge them to finish their part work on time. Competencies that need enhancing Mathematics. my mathematics is poor, always make mistakes, so I need to concentrate on the question and numbers when I am doing calculation. This should be improved definitely. Problem solving. I am not good at solving problems, so I should read more people’s experience, and learn their decision making in the same situation. Future career path My personal goal is to become a charted accountant within industry or commerce. This allows me to specialise my financial expertise. However, my long time goal is gaining all the knowledge and skills to open my own accounting company. Below I will make a schedule to make my dream achievable