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this mind map was made using bubbl.us

two weeks ago our accounting class had a chat witha lady called Ally from Canada. She was only one year older than us which made it easier to communicate with her and hask her questions.

Ally was talking to us on a microphone and we were all talking he through a chat thing on the same program. i worked well and we all enjoyed speaking to someone from another country..

You can check out her blog  :)

 

we have been studying cash flow statements in accounting. we made these cash flow statements in www.bubbl.us

 

Depreciation: The process of allocating the cost of  a non-current assetover its effective useful life.

For example; computers are usually only meant to last for an average of three years.

 

 

this chapter is about stockcards. i enjoyed it

 

the budgeting chapter was very interesting. I have learnt a lot about controlling money and planning the outcome at the end of the month. I would do this chapter again any day

Briefly outline how to play the game.

To play the lemonade game you have to buy the right amount of ingredients according to the weather, e.g. if it is clear and sunny you may have to buy more ice and also it helps to change the price of your lemonade to suit you and the customer.

What is its main objective?

The main object of this game is to make a profit and finish the thirty days without becoming bankrupt

Give some strategies that helped you achieve greater profits or increased revenue.

If you stock up on cups and things that will last rather than ice and sugar you should make a greater profit. If you have low prices you will have more sales and then that will keep you from becoming bankrupt.

Does playing the game help you with any accounting concepts? If so, explain further.

Yes, I think this game does help with accounting. This game is a great one for getting to know the strategies of sales and how to budget.

 

The ‘Global Project’ has been a great experience for me. I am very happy that i have had the opportuniy to communicate with the two schools from America and the school from Korea. I understand that it has been difficult for the korean students to communicate because of translation but for the short time that i could comment and veiw their blogs was just amazing.

For the organisers of this Global Project i would like to say thank you. I think  I can say for everyone involved that it has been such a tremendous project and i also think that it should keeping running in the future.

Thank you to all of the students that have vistited my blog and have taken the time to comment. I hope you have enjoyed this as much as i have

I would have to say that talking to people from the other side of the world has been my most enjoyable activity.

 

Not that I have ever met anyone that I talk with, i will still miss you guys ha ha !!!!

 

bye bye love KELLY xxxXXXxxx