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!