In this module, the important lessons I learned is to understand the concepts of accounting, both theories and practical exercises. Not only I learned to write up various accounting reports of a business in the exercises provided, but I also learned to analyse and evaluate the business' financial states and recommendations to improve it's position. I also learned to apply accounting theories into the exercises and projects. This is important because I think it is always good to be aware of one's financial state and to make decisions with the results produced. Other than the reports, I am also aware of the different types of business ownership and the laws and principles they have to apply in each of the types of business.
My favourite topic of the lecturers is Trial Balance, as it is the most simple and understandable topic. Unlike the ledgers, I think of Trial Balance as a summarized version of it, which made everything seems more clear and simple. Even the theory part of trial balance made much more sense and is logically explained that both humans and machines will do wrong. My least favourite topic is Balance Day Adjustments, because it tends to get very confusing, and one mistake in evaluating the questions will cause more wrong in the reports. But of course, after getting the hang of it, it really did clear up some confusing parts, even though sometimes I still get blurred with it.
Overall, my experience of the module is clear. Mr Joe, the lecturer's teaching had made it interactive, so that it makes it easier to understand. Mr Joe sometimes arranged role playing, make it easier to remember as they are usually humorous.
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