Category Archives: School

MT Exam 3 : AFA

the most painful subject of the term..and of my life ever!!! :pill:

suddenly my consol analytical check for subsidiary cannot balance and i suddenly couldn’t remember what else i missed out. my analytical check for associate balance also didn’t tally, and i aso couldn’t rem what else i was supposed to do. in a way i wasn’t really expecting the consol qn to include funny stuff like total sale of inventory, and contingent liability cos we didn’t practise all these kind of scenarios before. shit. at least i could do the goodwill question cos it’s qualitative and i read the FRS/textbk for it.

financial instruments was totally shit. i buang the whole qn, bcos i didn’t study options for hedging properly. we were discussing in school late at night on thursday nite and MY said options would come out but i was too stoned to study it properly so buang. tried my best to do up something, with a table similar to the second quiz and which MY explained to me only on thursday nite. the qualitative questions on financial instruments buang bcos i tried to cram too much information in the last minute and i couldn’t rem what i studied. i’m really quite sad that i buang the qualitative question. firstly cos i was depending on them to push up my marks. secondly cos i did study for them a few weeks ago, even doing up a summary of FRS39 but i forgot what i studied!

deferrered tax question was ok i think. again one small part of the question was unexpected cos we didn’t do such an entry before. so did whatever i could, but not sure whether the calculation of my tax expense was correct. i didn’t do an analytical chck of my tax expense figure cos i couldn’t rem how to do it. (well not dat i dun rem – i studied it on thurs nite with MY explaining to me aso but there was a particular part that we didn’t understand so we just skipped.)

foreign currency translation was ok i think. but i think my Foreign Currency Translation Reserve figure was wrong. i aso couldn’t rem how to do the check for my FCTR figure. jiak lat. qualitative question was ok, cos i studied the textbk/FRS about it so i could answer it, just hope it’s correct.

i thought consol would be ok cos i practised quite a bit for it. haiz. was expecting fixed assets/transfer of fixed assets which i was super familiar with but it didn’t come out. i knew i would buang my financial instruments qn. deferred tax/foreign currency translation are my better topics but aft yesterday’s paper…hopefully it’s ok. actually yesterday’s paper was quite bad. it was so bad that i finished it even before the time was up. :shake: bad rite? it was a 3 hr paper, starting at 9am. by 11am, i was kinda done and wishing that she could just tell us to stop writing now. but i decided to try and look thru the questions that i skipped, tried and do up whatever i could, anyhow whack so that i could “give her some basis to moderate me”. by 11.45am i already did watever i could, so i was just waiting for it to all end. notice that it’s only the qualitative questions that i can handle. further proof that i’m so not a numbers person and that i’m in the wrong faculty.

considering that the basic foundation of AFA is the FA module i took in Yr 1, and for which i scored a D+ for, i can’t really expect very high for this ADVANCED course. actually before i took the exam was just hoping for C range or D range at best. but aft the paper, which was so bad – the worst paper i’ve ever taken – i really really really hope and pray that she would push up my grade cos i really think i would fail this module.

Mugging Marathon v5

oh gosh i’m so tired i can barely keep my eyes open. even when talkin to my sis!! darn it’s my own fault for slacking last nite and this morn haha. i nv realised i din know so many things/din knw i 4got so many things.

oh what the heck. now i’m not even hoping for C range alrdy. D range i happy; at most would just be the same grade as my FA grade. i just dun wanna dapao the subject. looking at my coursework grade, shld be ok lah but u nv knw!! shit hope i dun blank out tmr or dat i get confused. hope i can rem everythin i’ve studied today.

now gotta print out last min notes for the qualitative qns. den slp. den hope tmr morn can cram in some more stuff b4 the paper!!! 12 hrs to freedom!!!

Can I Whine?

I’m in paaaiiiiiiiinnnnnnnnnnnnnnnn pain pain pain!!! :pout1

AFA is very painful. and the fact tt i still hv one more paper to go tmrw before i’m free is added pain!! double the pain!!!

i can’t concentrate. feelin jumpy. feel like hitting the gy haha.

i wanna talk but if i start i can’t stop.

pain pain pain!! can i don’t study already???

A break-down

ok so for the benefit of my dear jie-mei, here goes! :umm1

AT –> Accounting Theory. a module that aims to teach you the theories of Accting (duhz) supposedly will give you a view of Accting at 30,000 feet up in the air. like why do we account for something in a certain way and the advantages and criticisms of this particular way.

QM –> Quantitative Methods. a module that teaches you various methods to solve different problems in our lives. most problems can be solved using a QM method.

For example probability (to calculate expected value to help you make a decision whether to do something), queuing (to calculate various figures like the average time of queuing and how to reduce this time and by how much can you reduce), inventory (to calculate when you should start ordering new stock, how much to order each time, whether the discount from your supplier is worth it), transportation (to calculate how much each of your production centres should produce/supply to meet a particular demand from your retail outlets), PERT (to calculate the shortest amt of time you would need to complete one project that involves many activities/steps and to know whether there are any activities/steps that you must confirm finish on time or you would delay the whole project), Games Theory (to calculate which is the best strategy you should take assuming you have the various payoffs), Network (to calculate what is the shortest route to tk from one place to another or to calculate what is the minimum length
of material you need to connect various nodes).

quite a fun module lah, cos a lot of these methods can be applied to real life, but it involves so much calculations and i’m not a numbers person!!

AFA –> Advanced Financial Accounting. a module that is a pain in the ass. ’nuff said. hahaha!

it’s supposed to teach us accountants how to consolidate financial statements, for example you are the ‘parent’ company and you buy a >50% share in another company, which will be known as your subsidiary. so when you present the financial results of your company, something like telling your shareholders or investors how well you have performed for the past year, you must also include the results of your subsidiary. so AFA is supposed to teach you how to include the results. AFA also teaches you alot of other irritating things which nobody should bother to learn unless u’re gonna be an accountant or top notch auditor. which i’m nt gg to be haha!

MT Exam 2 : QM

wahaha another bitch down!! 1 left to go!!!

QM was alrite. i was damn amused while readin the qns cos my Prof has a funny way of setting qns. anw i’ve nv studied so hard before man. was in sch the whole of yesterday up till 10+pm practising the past QM exam papers. dunno why i so piah for wat. anw today’s exam still cannot do the probability haha. i thought i understood esp aft doing 2 different types of prob qns and aft lookin for my Prof yesterday. ok lah shld hv done more but too lazy haha. could draw the tree but wasn’t sure if my prob was correct cos i anyhow whack. LP aso CMI. today’s LP quite complicated dunno why so many tables so just whack lor, maybe can still get some marks lor. ahhh Queuing and Inventory can do the main part but not the sub parts!! cos i lousy. and i think my PERT is wrong!!! i thought it was the only qn in the whole exam that i was confident of scoring full marks but seems like i was wrong!! only got 1 critical activity but i was too lazy to redraw my diagram :poop: Transportation was fantastic!!! struggling so much with it for the past exams but i finally got it!! think cos the prof finally discovered a way to set a qn with no degeneracy in it :cool1 full marks for Transportation! Network and Strategy were ok i think, hopefully can score full marks for both :smile1 :thumbup: B+ at least for whole module haha i hope lah!!! if i can get A- it would be fantastic and i would owe someone a treat, but what’s a treat compared to A- for QM?!?!

last bitch left is AFA. this is a real darn bitch, pain in the ass. so pissed with it dat i dun feel like studying. haha i’m just lazy so i’m finding excuses. nvm slack tonite tmrw den study!! :coffee:

MT Exam 1 : AT

okiez so AT is over and done with. open-ended question. just one para and ask u to discuss the issue. what the issue was i have no idea!!! haha so just talk crap lor. jac chose to analyse it line by line which i thought was a good approach and ensures that you cover everything and got more stuff to talk about. except that i didn’t do that and can’t do that cos i don’t have the sufficient knowledge to cover everything :tongue1

my dear friend sitting beside me covered all topics!!! best. all of us covered varying topics and the number of topics covered were not the same either. i only covered 2 topics – CF and Disclosure. well seems like he wants analysis and critique so seems like can only critique these 2 topics leh. wth i’m very happy with my answer, though as expected was rambling for quite a bit. hope he doesn’t haul me up for plagarism or smthn – i was so paranoid and since i finished 5 mins beforehand, i did up a simple references page haha! thanks to ci’en’s notes and daryl’s slides! :thumbup:

now on to QM! feels like exams over liao leh!! haha no mood to study alrdy. :turtle:

Mugging Marathon v4

to quote yh’s fav phrase – hen ke lian 很可怜! i spent today in SCHOOL!!! studyin for AT exam tmrw..this pig can’t study at home so gotta migrate to the sch. and my fav room was taken so had to relocate to another room :sad1

anw still hvn’t finished studying for AT tmrw haha. heck wth. i juz want to pass can alrdy. i don’t really think i can achieve the level of standard that the Prof is lookin for, judging by the discussions in class and the impression i get of him. soooo ok average lah, don’t wanna be at the bottom in case he bells his scores.

can’t find my favourite Buddhist prayer CD. it’s been missing for sometime. wonder if it’s an indication of how i seem to be losing my faith as well? nvm, aft exams!!! massive packing and search for the cd and time for meditation!!

my four leaf clover key chain broke last week!! am i superstitious or does that mean i would not have good luck??!!! :shake:

ok off for some last min cramming + sort out my pencilcase so that i would have enough pens for writing long essay tmrw. good luck to myself!!!

Mugging Marathon v3

Lately your focus has become a little bit cloudy, and some easy victories have made you slacken your sense of commitment. Fortunately, the stars send a little stimulus to get you back in fighting form.

haha unfortunately, i still dun feel any stimulus yet leh. AT is my first paper, and i only started studying for it today. quite scary considering that other ppl have alrdy covered this subj alrdy. but to me it’s cos it’s open-ended essay qn, so i thought shld be ok. but i am worried abt what kinda chim qn is gonna be set, and wat happens if i really dunno hw to ans? den i reallie will die. :shake:

spent the past few days studying QM and AFA, but it doesn’t seem to have paid off. u knw, ppl always choose to pia their weakest subj first, den study the other stronger ones. and by the time they have finished studying the weaker subj and are moving on to their stronger ones, it means that they are zai in their weaker subj alrdy. unfortunately it doesn’t seem to be that way for me leh. i’m still clueless abt QM and AFA. thankfully QM is open book, but it’s those kinda paper that if u dunno how to do, u dunno how to do. all calculations. same for AFA. really hope the qualitative qns in AFA will at least pull me up abit. see my quiz 1 was D+, quiz 2 fail!! means shld be E. project A- and say class participation guesstimate shld be C (tho cld be higher if she likes me). so overall shld be C or C- for now lah. so i just need to at least pass my AFA exam, and that she would moderate a little bit so i can get overall C- at least. any grade within C range is fine, of course C+ is betta but i wun be greedy. i just dun want D range. QM abit whacked aso but i think i shld be able to pia that one.

2 wks since my life changed, 1 wk since my important meeting, 1 wk more to my freedom. just realised the other day that I haven’t had a proper, good long holiday since December 2003. can u believe it? Dec ’03 was spent meeting up with frens, gg to KL with the Kopitiam gang, ushering at my first play. Summer ’04 was spent at an internship in an MNC, Dec ’04 was spent planning and executing my Rotaract camp, Summer ’05 was spent at a Big 4 firm, Dec ’05 was spent at another Big 4 firm. even better, Dec ’05 was a long internship. ok lah so there were 1 week breaks before and after each job, but it’s just different u knw. like aft next week, my whole holidays would just stretch all the way endlessly in front of me haha. from mid June till Aug. gosh so much free time what would i do? haha i need me time man, lookin forward to actually being alone since it’s been so long since i was doing things alone. need to meet up with precious people whom i hvn’t seen for ages, everyone who’s been cheo-ing me out bcos they are all for some reason, super duper free. need to settle other matters as well. oh and pack my super messy study table; i’ve even monopolised the coffee table outside. so many things to do! but i must enjoy this because next year i got no more hols!!! :pout1

you know, sometimes you have this goal in life. you want to achieve something or reach a certain target. that gives you the motivation to work very hard towards that goal. but once you reach it, would you still continue to work hard at whatever you were doing, to maintain the particular standard that you’ve reached to achieve the goal, or would you start to slack since it doesn’t matter how well you perform anymore? for eg, u work hard to win an award. once you win it, will you still work hard?

Mugging Marathon v2

hm so there’s another person whose number is also “Withheld”..and whose call i won’t wanna pick up ever! haha

anw progress in the Muggin Marathon is bbbaaaadddddd. :shake: ytd morn was a total waste of time cos i had to wait for the screwed up printer in my school to spit out my 2 proj reports, notes and past exam papers. then i had TWC class in the aftn. test was ok, anyhw blabber, except that i think a lot of ppl chose the same qn as me, so hopefully my grade wun be tt bad? cos the Prof wants “Originality” and is “turned on by words.” :whatever: anw i’m just glad one subject is over. so Mon was lost. was very very very tired last nite and i came home with so black a face tt my daddy din dare to talk to me!!

today’s progress is not any betta!! :oogle: was supposed to do AFA and QM. but i’m so damn kiang i brought my textbk but nv bring my notes and without my notes i’m lost. cos i nv read textbk, i read notes and my scribblings are all in my notes. so i couldn’t do the past yr exam paper cos i dunno how to do w/o notes!! :poop: so i decided to try QM. looked at the past yr exam papers and realised tt i aso dunno how to do!!! :shake: die liao die liao. dunno how to do past yr exam papers for watever subject means i’m dead shit. so hv to study the slides for QM now. means i only have tmrw left to pia finish AFA and QM before the consultation on Thurs. :psycho1

Things That Amused Me:
1. Ven say my calves are very “cu(1)”. i said cos i fat wat. den she said thighs cu means fat. calves cu means muscles!!! i got muscles??!??! wahahhaha :smirk:
2. Jon asking me if I’m gonna be AFA TA. OMG like seriously lah!!! AFA TA?! i told him even in my dreams, i only hope to pass!! i dun need or want to be TA! haha
3. YT’s fren askin her if I was on Dean’s List. hahaha i’m laughing just thinking abt it.
4. Ralph saying, “ok lah u betta go back to studying. i know u’re a muggernaut.” the word muggernaut is already hilarious on its own, and saying that i’m a muggernaut is even more funny lah!! dunno why ppl keep gettin the WRONG impression tt i’m so hardworkin and smart!! :shiftyeyes:
5. I wore my bro’s pants today!! like how stupid can i be? we hv the pants in the same design and colour, only that my size is smaller than his. so i happily wore, realised it was loose, wondered how on earth can it be possible that i lost so much weight, happily went out of the house, before it occurred to me that i could be wearing his pants!! :cuckoo: ya so i had to like, pull the drawstring really tight and hold my pants to keep them from falling down while i was walking!!!! so loser! haha :tongue1

Mugging Marathon v1

just now when my hp rang, only “Withheld” appeared instead of any number. i nearly picked up the fone and answered “hi jason!” cos whenever he calls, his number won’t appear, and it just so happened that i was expecting his call as well. Luckily I didn’t!!!! haha it was the other TA who was calling me, heng sia, if not i would hv paiseh myself!!! :oogle:

anw, major sian-ness coming on cos the Mugging Marathon has officially started. kind of anyway, considering that i still have my last twc lesson and twc test tmrw. it’s as though my term hasn’t ended yet but it’s alrdy the study break now!! at least i’m happy to report that my qm and twc report is done! gonna submit both tmrw and get them out of sight and out of mind!!

just finished studyin for the twc test tmr. feel tired but yet i shldn’t be sleeping, feel that i shld at least start studyin considering dat i slacked the whole weekend away spent the weekend doing up both reports. also bcos mummy nag that i shld be studying and not be complacent. think hv to start studying AT first since it’s my first paper, not that i know how to go about doing it since i don’t have any textbooks! like how on earth can one study Accounting Theory man?! am just gonna read the slides and think things through, since it’s an open-ended paper so hopefully my (bare) AT knowledge and crapping skills would come in handy for this paper.

somehow my music player is playing some hokkien songs that i have no recollection of downloading. haha! if u knw me well enuf, u shld knw dat i :heart1 listening to hokkien songs, esp those by Huang Yi Ling! wahhaha! but i dun recognize the singer of the songs that are currently playing, and i don’t like the tune. but bcos they’re hokkien, i shall continue to listen to them while studying!! :cool1