i am now busy with the assignment, can not spend so many times on blog...
OK, the first news, Google officially announced that Google cease the search service in mainland China, and move the server to Hong Kong. in an easy way, if you input google.cn or g.cn in your IE or whatever Internet Browser it direts you to the page of Google Hong Kong. Google claims that it can not stand Chinese governament let it block the results of the search. i do not know why now Google claims that it can not stand the so-called rules. blocked the results of the search is very common in China, Google should beware it when it enter China market. in the other hand, i can not understand why China government block so many website. if it keeps doing that, it can not call the internet of China is WAN, it should be called LAN. so many website can not access in China, such as Facebook, Twitter, Blogspot, Youtube. some of website is partly blocked by China, such as Wikipedia. it is very funny, the last time Google announced that it maybe exit China, on the press, a spokeperson of China some Department states that the internet of China is open, and when a journalist asked that spokeperson why Facebook and Youtube can not accessed in China, the spokeman said he does not know that situation. What ... I do not know what to say. BTW, some other services provided by Google such as Gmail and Adsense can still used in China. some Chinese say that they are patroits so they only use Baidu as their search engineer, that is a joke, Baidu is not a Chinese company. if you do not buy it, you can search it.
recently, i do not know why but my stomach is not feeling well. maybe because of the weather. i do not know.
i started to use Twitter, also it can not be used in China. but there are still so many people use it in China, and the company of Twitter states that it will find a new way to let more people in China can use Twitter. but so far Twitter does have Chinese version, i think the comany needs to fix this issue first.
the next thing is about Earth House, it started in OZ some years ago, in Sydney, if my memory is correct. and now this action spreads around the whole world. but i think, if people do care about the environment, people should do the right thing every day, but not only in Earth Hour, the right thing inclued recycling or save water or something like that.
the last thing i want to say is about Oscar, Avater is beaten by Hunt Locker. i watch Avater in cinema, but download Hunt Locker at home. well, Hunt Locker does tell a good story, but i do not know why it can win Avater. maybe that is about the angle.
about the school stuff, i am facing so many assignment now, so ...no summary for this week.
wish me luck for the next week, next month and rest of my life. LOL
3/28/2010
3/25/2010
last week (2)
the last class of each week is AFF5100.
in last week, at the beginning of the class, it took about 10 mins to review the content of week 3. then talked about the organisational structure. there are three types of structures- functional structure, divisional struture, matrix structure. matrix structure is the most complex one, the teacher said in the hospital system, the matrix stucture is very common. and in the slide, it uses a phrase- span of, i do not know what's this mean... then go the content of textbook, in the chapter 6, it stated designing and evaluating control systems. and involoved in so many kinds of control, such as result control, action control. so far, i have not figure out what's the real meaning of these control, i need to "organise" these concepts later. then go to chapter 7. talked about some centres such as cost centre, profit centre, these were not new concepts, we learned those when we learned management accounting. this time, it focus on transfer pricing. then chapter 8, planing and budgeting. not so much content. in the second half of the class, it talked about the case- ARMCO Inc. because this is the first time we conducted the case study in this unit, the teacher just asked some easy questions, not too hard. but he said that he would ask some hard questions in the future case study. the case study is not important, in the fact, i can not recall so many about the case. and i could not understand what is "cost above measure". maybe search it later. the most remarkable thing is that the teacher introduced a new system- random system, that is a website, maybe random system. org or something, by using this system, the teacher can decide which student to answer the questions. the teacher claims that this system is fair for us. well, i do not know.
now, it is Thursday again, 10 hours later, i will have MGX 9230 again, well, wish me luck.
in last week, at the beginning of the class, it took about 10 mins to review the content of week 3. then talked about the organisational structure. there are three types of structures- functional structure, divisional struture, matrix structure. matrix structure is the most complex one, the teacher said in the hospital system, the matrix stucture is very common. and in the slide, it uses a phrase- span of, i do not know what's this mean... then go the content of textbook, in the chapter 6, it stated designing and evaluating control systems. and involoved in so many kinds of control, such as result control, action control. so far, i have not figure out what's the real meaning of these control, i need to "organise" these concepts later. then go to chapter 7. talked about some centres such as cost centre, profit centre, these were not new concepts, we learned those when we learned management accounting. this time, it focus on transfer pricing. then chapter 8, planing and budgeting. not so much content. in the second half of the class, it talked about the case- ARMCO Inc. because this is the first time we conducted the case study in this unit, the teacher just asked some easy questions, not too hard. but he said that he would ask some hard questions in the future case study. the case study is not important, in the fact, i can not recall so many about the case. and i could not understand what is "cost above measure". maybe search it later. the most remarkable thing is that the teacher introduced a new system- random system, that is a website, maybe random system. org or something, by using this system, the teacher can decide which student to answer the questions. the teacher claims that this system is fair for us. well, i do not know.
now, it is Thursday again, 10 hours later, i will have MGX 9230 again, well, wish me luck.
3/22/2010
last week
12 hours class in last week as usual, 4 units.
first one is MKX 9550. it stated a very important concept- Porter analysis. it will be shown on final exam, according to the teacher. in the lecture, it started with a video- google video. it introduced google adword, google adsense and Youtube. maybe most of people do not know that Youtube belong to Google. in some year, i could not remember, Google acquired Youtube. i have a Youtube account, i applied it in 2006 in China, but now you can not open Youtube in China in normal way, also you can not open Blogspot in almost places of China. in some news it said that Google will withdraw from China in April 10th. i do not know whether it correct, but i really not know what's the concequence of Google action. after that introduced some industry concept of competition. there are four forms of competition forms. Pure monoply, oligopoly, monopolistic competition and pure competition. the teacher said Australian Post is an example of pure monopoly in OZ, but i do not think so, besides Post, there are also other companies conduct post, such as TOLL. but the teacher said Post is the only one non-financial organisation which can deal with financial services. i think that is ture. and pure monopoly offen refers to regulation market. then go into Porter's five forces- industry competetion. potential entrants, substitutes, suppliers and buyers. and coincidentally, in AFF 5130 it also refers to this concept. after that, introduced some reletive concepts.at the end of lecture, it said something about global marketing, it refers to the assessment. a global firm is one that operates in more than one country and captures R and D, production, logistical, marketing, and financial advantages in its costs and reputation that are not available to purely domestic competitors. i think global firm is quite common now. then important concept- five models of entry into foreign market- indircet exporting, direct exporting, licensing, joint ventures and direct investment. licensing here means let other company to product your companies' product. in the tutorial of MKX 9550, just the presentation. and tutor stated the requirements of assignemnt again.
on Tuesday, AFF 5130. in this time, the female teacher teached in the lecture, i did not know why, because i was late for the class. in that lecture, a few questions were focused- why is industry analysis important, porter's 5 forces, competitive strategy analysis and corporate strategy analysis. there are three parts in strategy analysis- industry choice, competitive positioning and corporate strategy. in the industry choice part, it just about the Porters 5 forces. but it states in a different way- 1. rivalry between existing organisations. 2 threat of entry of new organisations. 3 threat of substiture porducts. 4. bargaining power of buyers. 5. bargaining power of suppliers. the first 3 forces determine the potential for profits, and actual profits depends on the last 2 forces. in the competitive positioning part, there are two generic competive strategies- cost leadership and differentiation. in the last part, it relevant to multi-business organisations. in the tutorial of AFF 5130. it just talked about the tutorial questions. and i noticed that the teacher post the tutorial question's answer on the Blackborad, that is good.
two classes on Thursday. MGX 9230, this time it relate to the assignment, but i have no idea about it. what a pity.it talked about policy cycle and seems not too hard, but i do not know how to start the assignment, where to pick up the case. that is the case...
the AFF 5100 is the last class in each class, but the most horrible one. the teacher requires a lot of reading before each class. for him, he thinks there are not a lot of reading, but for me, that really a lot. we are not English-spoken students, he will never figure out. we can not remember all stuff we read. what should i say. ai. in the first half of that class, it said something organisation structure.
to be continued
first one is MKX 9550. it stated a very important concept- Porter analysis. it will be shown on final exam, according to the teacher. in the lecture, it started with a video- google video. it introduced google adword, google adsense and Youtube. maybe most of people do not know that Youtube belong to Google. in some year, i could not remember, Google acquired Youtube. i have a Youtube account, i applied it in 2006 in China, but now you can not open Youtube in China in normal way, also you can not open Blogspot in almost places of China. in some news it said that Google will withdraw from China in April 10th. i do not know whether it correct, but i really not know what's the concequence of Google action. after that introduced some industry concept of competition. there are four forms of competition forms. Pure monoply, oligopoly, monopolistic competition and pure competition. the teacher said Australian Post is an example of pure monopoly in OZ, but i do not think so, besides Post, there are also other companies conduct post, such as TOLL. but the teacher said Post is the only one non-financial organisation which can deal with financial services. i think that is ture. and pure monopoly offen refers to regulation market. then go into Porter's five forces- industry competetion. potential entrants, substitutes, suppliers and buyers. and coincidentally, in AFF 5130 it also refers to this concept. after that, introduced some reletive concepts.at the end of lecture, it said something about global marketing, it refers to the assessment. a global firm is one that operates in more than one country and captures R and D, production, logistical, marketing, and financial advantages in its costs and reputation that are not available to purely domestic competitors. i think global firm is quite common now. then important concept- five models of entry into foreign market- indircet exporting, direct exporting, licensing, joint ventures and direct investment. licensing here means let other company to product your companies' product. in the tutorial of MKX 9550, just the presentation. and tutor stated the requirements of assignemnt again.
on Tuesday, AFF 5130. in this time, the female teacher teached in the lecture, i did not know why, because i was late for the class. in that lecture, a few questions were focused- why is industry analysis important, porter's 5 forces, competitive strategy analysis and corporate strategy analysis. there are three parts in strategy analysis- industry choice, competitive positioning and corporate strategy. in the industry choice part, it just about the Porters 5 forces. but it states in a different way- 1. rivalry between existing organisations. 2 threat of entry of new organisations. 3 threat of substiture porducts. 4. bargaining power of buyers. 5. bargaining power of suppliers. the first 3 forces determine the potential for profits, and actual profits depends on the last 2 forces. in the competitive positioning part, there are two generic competive strategies- cost leadership and differentiation. in the last part, it relevant to multi-business organisations. in the tutorial of AFF 5130. it just talked about the tutorial questions. and i noticed that the teacher post the tutorial question's answer on the Blackborad, that is good.
two classes on Thursday. MGX 9230, this time it relate to the assignment, but i have no idea about it. what a pity.it talked about policy cycle and seems not too hard, but i do not know how to start the assignment, where to pick up the case. that is the case...
the AFF 5100 is the last class in each class, but the most horrible one. the teacher requires a lot of reading before each class. for him, he thinks there are not a lot of reading, but for me, that really a lot. we are not English-spoken students, he will never figure out. we can not remember all stuff we read. what should i say. ai. in the first half of that class, it said something organisation structure.
to be continued
3/17/2010
australian banking system (3)
besides big four australian banks, there are also several other banks, some are regional banks and some are international banks.
there are a lot of regional banks such as Macquarie banks, bank of Queensland, St George Bank. but M &A are very common between these banks. Adelaide Bank is merged another banks last year, and Westpac bank looks like acquire St George bank, i think. these banks interest rates are various, due to fierce competitive in banking market, these banks' term deposit interest rates are commonly higher than the big four banks. Macquarie bank is a famous bank, but i have not seen that bank in VIC. from the textbook, i know that Macquarie is the biggest investment bank in Australia, and in 2008 or 2009, the CEO of Macquarie bank earned 30 million, that's the highest paid to CEO i have ever heard. 30 million, so much money. and if i remeber correct, i think that in 2008, Macquarie totally paid for the directors for more than 1000 million. the salary paid by Macquarie is higher than any big four banks. and almost all the regional banks have the same services as big four banks.
another type is international banks, such as HSBC, Citibank. there are few branches in Australia, but these two banks are bigger than any Australian banks. LOL. one of the Citibank branches is in Chinatown, just opposite the ANZ, the term deposit interest rates of Citibank are always higher than ANZ. but i do not have account in Citibank, so i never have a term deposit in Citibank. there is a branch of Bank of China in Melbourne, but i never been there, but i have a credit card of that bank, my only credit card. through the assignment of AFF 5050, i heard that there is a branch of Standard Chardard Bank in Melbourne, but i never see it.
i do not know whether it is a correct statement, i wanna say that BPAY and EFTOPS are very useful and convenient sevices provided by the banks. u can pay almost all the bill via BPAY without fee. BPAY is very easy to be used, just log in your online bank system, there is a option call BPAY, then start to use it. in Australia, u can pay your bill in post office too, but there are always a long line in there, so BPAY is a good choice for us to pay the bill. EFTPOS are everyone, although the machines belong to different banks, there is no fee for you to purchase, the shops take care of it. but in same circumstance, there is a surcharge for using credit card. if you use credit card, you can push the saving buttom on the machine, u can avoid the surcharge.
there are a lot of regional banks such as Macquarie banks, bank of Queensland, St George Bank. but M &A are very common between these banks. Adelaide Bank is merged another banks last year, and Westpac bank looks like acquire St George bank, i think. these banks interest rates are various, due to fierce competitive in banking market, these banks' term deposit interest rates are commonly higher than the big four banks. Macquarie bank is a famous bank, but i have not seen that bank in VIC. from the textbook, i know that Macquarie is the biggest investment bank in Australia, and in 2008 or 2009, the CEO of Macquarie bank earned 30 million, that's the highest paid to CEO i have ever heard. 30 million, so much money. and if i remeber correct, i think that in 2008, Macquarie totally paid for the directors for more than 1000 million. the salary paid by Macquarie is higher than any big four banks. and almost all the regional banks have the same services as big four banks.
another type is international banks, such as HSBC, Citibank. there are few branches in Australia, but these two banks are bigger than any Australian banks. LOL. one of the Citibank branches is in Chinatown, just opposite the ANZ, the term deposit interest rates of Citibank are always higher than ANZ. but i do not have account in Citibank, so i never have a term deposit in Citibank. there is a branch of Bank of China in Melbourne, but i never been there, but i have a credit card of that bank, my only credit card. through the assignment of AFF 5050, i heard that there is a branch of Standard Chardard Bank in Melbourne, but i never see it.
i do not know whether it is a correct statement, i wanna say that BPAY and EFTOPS are very useful and convenient sevices provided by the banks. u can pay almost all the bill via BPAY without fee. BPAY is very easy to be used, just log in your online bank system, there is a option call BPAY, then start to use it. in Australia, u can pay your bill in post office too, but there are always a long line in there, so BPAY is a good choice for us to pay the bill. EFTPOS are everyone, although the machines belong to different banks, there is no fee for you to purchase, the shops take care of it. but in same circumstance, there is a surcharge for using credit card. if you use credit card, you can push the saving buttom on the machine, u can avoid the surcharge.
3/14/2010
Australian Banking System (2)
in the last post, it stated that almost the big four banks provide the similar services, also the rules are similar.
for the students, no matter local students or international students, they both can avoid the monthly fee. but international student rarely can be approved for the credit card.for the normal bank users, some banks now have some special rules to help these users to avoid the monthly fee. for example, CBA has a promotion called "put a R into fee", that meaning free for monthly fee. but there are some conditions for a monthly fee free accouning, you must deposit certain amount money in your account until certain date, then in the rest of time of your card, you need not pay the monthly fee. other banks also has the similar rules, for example, u can see some big advertisements on some buses or bus stops, the ads say that NAB has no monthly fee account now, but i do not know the details.
about the credit card, i never apply for it, because i do not have job. but i hear that everyone who beyond 18 has the right to apply the credit card, but whether be approved depends on the bank. and CBA's rule is the most loose i hear, some students without job also get their CBA credit card, i do not know why and how. there is a type of card similar as credit card, that is debit vias or debit master card. debit visa or master is debit card but has the functions of visa or master card, but no credit. u spend your own money. the traditional debit card can not be used for online shopping or telephone shopping, but debit visa or master can. it has 16 numbers on the card as normal credit. when you shop online, debit visa or master card is treated as credit cards. visa and master are the most acceptable credit union in OZ, there are also other two credit union can be used in OZ, i.e dinner and American express. but not all the orginisations here accept these two credit cards. at first, ANZ's debit visa card needs to pay 5 dollar monthly fee even students can not avoid it. but now it is free. WEP and CBA at first, only Australian citizen or PR can apply the debit card, but now every can. NAB is the best, from the beginning, everyone can apply for it. and NAB's debit card is my first debit visa card, but for some reasons, i canceled it after using it for almost one year. i am now disputing with one US company, i think it is a fraud company, and i checked online, it really a fraud company. i canceled account, but my case is not end, i hope i can win in the dispute.
and about term depist, i think it you have small rest funds, say 5000-50000 australian dollar, ANZ's short term deposit rate is highest among these big four australian banks.
about the other services provided by these banks i have not used them, such as loan. so i do not konw the information about it.
in the next post, i will introduce other types banks exist in australia.
for the students, no matter local students or international students, they both can avoid the monthly fee. but international student rarely can be approved for the credit card.for the normal bank users, some banks now have some special rules to help these users to avoid the monthly fee. for example, CBA has a promotion called "put a R into fee", that meaning free for monthly fee. but there are some conditions for a monthly fee free accouning, you must deposit certain amount money in your account until certain date, then in the rest of time of your card, you need not pay the monthly fee. other banks also has the similar rules, for example, u can see some big advertisements on some buses or bus stops, the ads say that NAB has no monthly fee account now, but i do not know the details.
about the credit card, i never apply for it, because i do not have job. but i hear that everyone who beyond 18 has the right to apply the credit card, but whether be approved depends on the bank. and CBA's rule is the most loose i hear, some students without job also get their CBA credit card, i do not know why and how. there is a type of card similar as credit card, that is debit vias or debit master card. debit visa or master is debit card but has the functions of visa or master card, but no credit. u spend your own money. the traditional debit card can not be used for online shopping or telephone shopping, but debit visa or master can. it has 16 numbers on the card as normal credit. when you shop online, debit visa or master card is treated as credit cards. visa and master are the most acceptable credit union in OZ, there are also other two credit union can be used in OZ, i.e dinner and American express. but not all the orginisations here accept these two credit cards. at first, ANZ's debit visa card needs to pay 5 dollar monthly fee even students can not avoid it. but now it is free. WEP and CBA at first, only Australian citizen or PR can apply the debit card, but now every can. NAB is the best, from the beginning, everyone can apply for it. and NAB's debit card is my first debit visa card, but for some reasons, i canceled it after using it for almost one year. i am now disputing with one US company, i think it is a fraud company, and i checked online, it really a fraud company. i canceled account, but my case is not end, i hope i can win in the dispute.
and about term depist, i think it you have small rest funds, say 5000-50000 australian dollar, ANZ's short term deposit rate is highest among these big four australian banks.
about the other services provided by these banks i have not used them, such as loan. so i do not konw the information about it.
in the next post, i will introduce other types banks exist in australia.
Australian Banking System (1)
this one will talk something about Australian Banking System
first of all, there are four big banks, all we can call it big four, of course, not the same as big four relates to accouting firm. the big four banks are ANZ (australian and new zealand bank), CBA (commonwealth bank), NAB (natioanal australian bank) and WEP (wespac bank). i have appied for all these banks debit card. but i have canceled NAB nad WEP. and ANZ card is my primary card. CBA is debit master card, so i can use it buy some stuff online, such as eBay.
these four banks are really huge, they all listed on the Fortune 500. they all the listed on the top 10 companies of australia. but the ranking order sometime changes, some years ago, NAB is the largest bank of Australia, but two years ago, CBA was the largest one, last year, ANZ was on the top. WEP's moto is the first bank of Australia, I think here first is means in timeline.
my first card in OZ is WEP card, then ANZ, after that is NAB, the last one is CBA.
australian banking system is a little different from China, there is a reserve bank in both China and OZ, but the different is, when reserve bank publishs the standard interest rate, the banks in China must follow it, but the banks in OZ don't. australian banks can adjust the interest rate reference to the reserve bank's interest rate, but not to follow it. and in most time, the banks' interest rate is higher that the standard rate. concequently, the interest rates are different among the australian banks. according to my own experience, maybe not accurate, in the term deposit aspect, ANZ is higher than the other 3 banks.
and the services provided by the big four banks are almost the same, i think. debit card, credit card, term deposit, online banking, private banking, home loan, business loan and so on.
more details will be introduced tomorrow, i want to sleep now.....
first of all, there are four big banks, all we can call it big four, of course, not the same as big four relates to accouting firm. the big four banks are ANZ (australian and new zealand bank), CBA (commonwealth bank), NAB (natioanal australian bank) and WEP (wespac bank). i have appied for all these banks debit card. but i have canceled NAB nad WEP. and ANZ card is my primary card. CBA is debit master card, so i can use it buy some stuff online, such as eBay.
these four banks are really huge, they all listed on the Fortune 500. they all the listed on the top 10 companies of australia. but the ranking order sometime changes, some years ago, NAB is the largest bank of Australia, but two years ago, CBA was the largest one, last year, ANZ was on the top. WEP's moto is the first bank of Australia, I think here first is means in timeline.
my first card in OZ is WEP card, then ANZ, after that is NAB, the last one is CBA.
australian banking system is a little different from China, there is a reserve bank in both China and OZ, but the different is, when reserve bank publishs the standard interest rate, the banks in China must follow it, but the banks in OZ don't. australian banks can adjust the interest rate reference to the reserve bank's interest rate, but not to follow it. and in most time, the banks' interest rate is higher that the standard rate. concequently, the interest rates are different among the australian banks. according to my own experience, maybe not accurate, in the term deposit aspect, ANZ is higher than the other 3 banks.
and the services provided by the big four banks are almost the same, i think. debit card, credit card, term deposit, online banking, private banking, home loan, business loan and so on.
more details will be introduced tomorrow, i want to sleep now.....
3/11/2010
not a happy day
i hope i could be happy every day, but this is an imperfect world, i am not happy today. i think i am not lucky today.
the first class is MGX 9230, i planed listening carefully this class, so i sit in the first row, just oppostie the desk of teacher. but after the class began, i felt so so so tired, i wanted to sleep, but i can not, because i just faced to the teacher. OMG, i think everyone can imagine this, want to sleep, but can not. i was so daez in the first half of the lecture, i am not sure what teacher teached, but according to the lecture, it seems not so hard. i am not quite sure. and the bad news is i just review the lecture notes, and can recall nothing. i had a nap during the break. and felt better when i got up. the teacher talked about the assignemnt, that is i really care about, and then teacher said blah blah blah, i can not remeber...but the most important sensenses were: there is not one way to fail this unit, that is u hand in nothing ... i am so happy to hear that. UH OH. after that, a case study was conducted, i did not read the case previously, i was so lost in the second half of lecture...what a pity...
about AFF 5100, the tragedy repeated. i do not want to recall it. but i still learn one thing, i do need to watch the book before the lecture.
OK, so much for today...i need to study harder and harder...
the first class is MGX 9230, i planed listening carefully this class, so i sit in the first row, just oppostie the desk of teacher. but after the class began, i felt so so so tired, i wanted to sleep, but i can not, because i just faced to the teacher. OMG, i think everyone can imagine this, want to sleep, but can not. i was so daez in the first half of the lecture, i am not sure what teacher teached, but according to the lecture, it seems not so hard. i am not quite sure. and the bad news is i just review the lecture notes, and can recall nothing. i had a nap during the break. and felt better when i got up. the teacher talked about the assignemnt, that is i really care about, and then teacher said blah blah blah, i can not remeber...but the most important sensenses were: there is not one way to fail this unit, that is u hand in nothing ... i am so happy to hear that. UH OH. after that, a case study was conducted, i did not read the case previously, i was so lost in the second half of lecture...what a pity...
about AFF 5100, the tragedy repeated. i do not want to recall it. but i still learn one thing, i do need to watch the book before the lecture.
OK, so much for today...i need to study harder and harder...
3/10/2010
come on
ok, i just do not know how to name the title, just pick it up by chance.
OK, talk about the class in this week. before that, i want to say that i make a mistake, i thought we would have 2 weeks Easter day break, but the true is that just one week. so i want to say... what the hell...
any way.
the first class is Mkx 9550. The tutorial came first. i did not think the teacher will teacher anything in the tutorial. why? just look at what happen in the last tutorial. at the beginning, the teacher asked wheather we read the case study. then gave us about 10 mins to read it. then she read it again, sentence by sentence. I did not know why she did that. anyway, then she asked what we learned from this case. then, a little discuss. then class dismissed. my point is that, that was the first case study of this semester, and in the following few weeks, all the case study will be presented by students through presentation which is one of the assessment. so maybe from next week, the only thing i should do in the tutorial is listening the presentation. what should i say, maybe just we will see...
then the lecture came, it was about customer value. i think it was just an outline of some key concepts, because the teacher said some concepts would be talked in details in following weeks. and the important thing in that lecture is "Michael Porter's generic value chain model", and it is a real old model, but still useful. but i do not understand the whole model now, i will work on it. also, the teacher talked about the assignment 1, i think it is not a hard assignment, but the the hard part is that we need to choose a company to analyse. if we choose a right company, the assignment is an easy one, but we choose a wrong company, well, it is hard to say. there are also some limit to choose the company, so far, i have no clue about which company should be choosed.
OK, about the AFF5130. i do not know what's wrong with me, but i feed that i always wrong in this subject. before the lecture and tutorial, i read the wrong chapital and prepared wrong questions for the tutorial questions. and after lecture, i go to a wrong room for tutorial...what the odd?
anyway, about the content in lecture, first it talked about the business structure, i think it is easy. and few concepts introduced, but most of these concepts are about finance. also some models introduced, the first one is about the relationship between information (news) and share price. we learn this relationship before. in common sense, bad news and good news can influence the share price. but in this unit, it focus on the stuff called "information asymmetry", and there is a model to calculate it. if one company get a small result, say 0.0002, it indacates that this company can be trust. at the end of the lecture, the rest model came out, they are all about how to calculate soe specific ratio. and these would be used in the assignemt.
in the tutorial, the tutor answered the tutorial questions, just some questions in the textbook. but because it took so many time on the allocated group stuff, not all the questions were finished, he will talked about the rest one next week.
OK, tomorrow has two seminar. AFF5100 is the harder one. So, wish me luck.
OK, talk about the class in this week. before that, i want to say that i make a mistake, i thought we would have 2 weeks Easter day break, but the true is that just one week. so i want to say... what the hell...
any way.
the first class is Mkx 9550. The tutorial came first. i did not think the teacher will teacher anything in the tutorial. why? just look at what happen in the last tutorial. at the beginning, the teacher asked wheather we read the case study. then gave us about 10 mins to read it. then she read it again, sentence by sentence. I did not know why she did that. anyway, then she asked what we learned from this case. then, a little discuss. then class dismissed. my point is that, that was the first case study of this semester, and in the following few weeks, all the case study will be presented by students through presentation which is one of the assessment. so maybe from next week, the only thing i should do in the tutorial is listening the presentation. what should i say, maybe just we will see...
then the lecture came, it was about customer value. i think it was just an outline of some key concepts, because the teacher said some concepts would be talked in details in following weeks. and the important thing in that lecture is "Michael Porter's generic value chain model", and it is a real old model, but still useful. but i do not understand the whole model now, i will work on it. also, the teacher talked about the assignment 1, i think it is not a hard assignment, but the the hard part is that we need to choose a company to analyse. if we choose a right company, the assignment is an easy one, but we choose a wrong company, well, it is hard to say. there are also some limit to choose the company, so far, i have no clue about which company should be choosed.
OK, about the AFF5130. i do not know what's wrong with me, but i feed that i always wrong in this subject. before the lecture and tutorial, i read the wrong chapital and prepared wrong questions for the tutorial questions. and after lecture, i go to a wrong room for tutorial...what the odd?
anyway, about the content in lecture, first it talked about the business structure, i think it is easy. and few concepts introduced, but most of these concepts are about finance. also some models introduced, the first one is about the relationship between information (news) and share price. we learn this relationship before. in common sense, bad news and good news can influence the share price. but in this unit, it focus on the stuff called "information asymmetry", and there is a model to calculate it. if one company get a small result, say 0.0002, it indacates that this company can be trust. at the end of the lecture, the rest model came out, they are all about how to calculate soe specific ratio. and these would be used in the assignemt.
in the tutorial, the tutor answered the tutorial questions, just some questions in the textbook. but because it took so many time on the allocated group stuff, not all the questions were finished, he will talked about the rest one next week.
OK, tomorrow has two seminar. AFF5100 is the harder one. So, wish me luck.
3/07/2010
MGX9230 & AFF5100 (2)
yesterday was a remarkable day, a huge hailstone hit Melbounre. some people said that it was the biggest hailstone in recent 10 years in Melbourne, i do not know whether it was correct, but i did know that the rain was really huge. it was a long day for me yesterday, because of the labour day on 8 March, the train did not opera between Pakeham and Oakleigh, alternatively there was a bus running between these two stop. but i did not know this infomation before i went to the train stop. but after 10 or more minutes waiting, i saw the announcement, and went to the bus stop. just 2 minutes after i entered the bus, the hailstone was comming, it was really terrible. the hailstone hit the bus, fortunately the bus is strong enough, nobody hurt in the bus. then i changed the train at Oakleigh station. usually, it needs 30 or 35 minutes from Oakleigh to City, but it took me 90 or more minutes to do that, i did not know what happen , but the train stop at Toorak for a long time, and the train drive told the passenger to change the train. anyway i got city. but when i went home, i check the website, it stated that the South Cross Station was damage in the hailstone, the roof collapsed, OMG, i hope no one get hurt. but the South Cross Station is cost billions to build it, it can not withstand the hailstone? it is a quesion. and today, in the moring and afternoon, the weather is good, but about 7pm, it is raining again with thunder. i hope no hailstone this time.
OK, about AFF 5100. the lecturer is pretty strict, maybe he is the strictest teacher i have met. in the first lecture he introduced himself for a long time, maybe 30 minutes, i guess. he said he did not have PHD, but he had a lot experience in mangement company, he was CEO or CFO in several industries. he also said that he loves teaching, so he teaches, not about money. he also stated some rules of his class such as forbid using phone in class. anyway, it was not important. and about the assignment, there are two group assignment in this unit, but unlike other units, we can not make the group by ourselves, he makes the group for us. UH HA. i do not know what to say.
go to the content of this unit. the name of this unit is advanced strategic management accouting. i thought it was managment accouning, but i was wrong. this unit does about managment accounting, but not the traditional managemnt accounting, it is about strategic management accouting. traditional management accouting is about budget or something like that, it focused on the internal factors of the firm. but strategic managemtn accouting focuses on not only inside of the firm, but also outside. he also introduced some concepts of SMA, but i have not got the lecture notes yet, so i can not state here. and as stated in the unit outline, this unit needs a lot of case study. OK...i figure that most all the unit i study this study is about case study. a lot of reading i guess, wish me luck~~~
there is no stop sign for raining.... the thunder costs me a light already...
OK, about AFF 5100. the lecturer is pretty strict, maybe he is the strictest teacher i have met. in the first lecture he introduced himself for a long time, maybe 30 minutes, i guess. he said he did not have PHD, but he had a lot experience in mangement company, he was CEO or CFO in several industries. he also said that he loves teaching, so he teaches, not about money. he also stated some rules of his class such as forbid using phone in class. anyway, it was not important. and about the assignment, there are two group assignment in this unit, but unlike other units, we can not make the group by ourselves, he makes the group for us. UH HA. i do not know what to say.
go to the content of this unit. the name of this unit is advanced strategic management accouting. i thought it was managment accouning, but i was wrong. this unit does about managment accounting, but not the traditional managemnt accounting, it is about strategic management accouting. traditional management accouting is about budget or something like that, it focused on the internal factors of the firm. but strategic managemtn accouting focuses on not only inside of the firm, but also outside. he also introduced some concepts of SMA, but i have not got the lecture notes yet, so i can not state here. and as stated in the unit outline, this unit needs a lot of case study. OK...i figure that most all the unit i study this study is about case study. a lot of reading i guess, wish me luck~~~
there is no stop sign for raining.... the thunder costs me a light already...
3/05/2010
MGX9230 & AFF5100 (1)
i had two class in thursday, one is from 11 to 2pm, and other is 6pm to 9pm. the arrangment of time is not so good, there are 4 hours between these two classes. and the second class begins at 6pm, so i have to have the supper at 5pm or 5:30pm. consequently, when i go home, at 10 pm ish, i feel hungry. because i can not eat so much at 5 pm or 5:30, i am not feel hungry at that time. more important, there is limit choices for me to have dinner. around the campus, there are few restaurants. some Chinese, maybe 3 or 4, but i never have meal there, because they look like not very delicious. also there are some pizza restaurants, i ate once, but not so good. also, there is one Korean restaurant, i have been there a lot of times, not so bad, but a little dear than Chinese restaurant. this thursday, i bought KFC near campus. a burger meal at 5:30pm, but i was very hungry at 10 ish.
OK, go back to study issue.
the first class in thursday is MGX 9230-public policy, of course, this unit has nothing to do with accounting, i choose it because it has no final exam, but there are two huge assignemnt, i am not sure whether i have mentioned it before. anyway, about the course, there are few students enrolled in this unit, i do not know why, but this is the core unit of some management program, i guess few students enroll in that program. there were less than 30 people attend that class, and most of them or maybe half of them are muture students. and at first the teacher introduced himself, his name is Jeff Keddie, PHD, the most impression thing is that he is the consultant of Victoran government. he is also MAV and AAV, but i have no idea about them. after that the students introduced themselves. and not so many international students, few from China, and there are some from Indonesia. after that the formal class began, the first class just talked about some few concepts in the unit. and the scope of this unit. basically, this unit is based on the case study. i do not understand why australian education so interest in case study. i do not know why case study is so important. and the teacher aslo said that maybe some cases were hard for us, but did not fear about them, just read them as a strody. luckily, there is no final exam, so i do not need to remember these cases or concepts. and in the seminar, the teacher did not finish all the content in the lecture notes, maybe he will talk about in the next seminar. so far, i have not known choosing this unit is right or wrong, but i hope i am right.
about AFF 5100, i will talk about it in the next post.
OK, go back to study issue.
the first class in thursday is MGX 9230-public policy, of course, this unit has nothing to do with accounting, i choose it because it has no final exam, but there are two huge assignemnt, i am not sure whether i have mentioned it before. anyway, about the course, there are few students enrolled in this unit, i do not know why, but this is the core unit of some management program, i guess few students enroll in that program. there were less than 30 people attend that class, and most of them or maybe half of them are muture students. and at first the teacher introduced himself, his name is Jeff Keddie, PHD, the most impression thing is that he is the consultant of Victoran government. he is also MAV and AAV, but i have no idea about them. after that the students introduced themselves. and not so many international students, few from China, and there are some from Indonesia. after that the formal class began, the first class just talked about some few concepts in the unit. and the scope of this unit. basically, this unit is based on the case study. i do not understand why australian education so interest in case study. i do not know why case study is so important. and the teacher aslo said that maybe some cases were hard for us, but did not fear about them, just read them as a strody. luckily, there is no final exam, so i do not need to remember these cases or concepts. and in the seminar, the teacher did not finish all the content in the lecture notes, maybe he will talk about in the next seminar. so far, i have not known choosing this unit is right or wrong, but i hope i am right.
about AFF 5100, i will talk about it in the next post.
3/03/2010
O.M.G
i am shocked when i go into AFF 5130's classroom, i am not shocked by the size of the classroom, but the number of people. there are about 500 or 450 seats in the room, maybe i should call it theater, and almost all the seats are taken. that is to say, there are about 400, or maybe more, students enroll in AFF 5130. that's really a lot of students. before the class, i saw Z outside the room, he is the student of applied finance. and he told me that AFF 5130 is one of elective unit of his major, and AFF 5130 is relitive easy one. well, i do not know what to say, but i heard that AFF5130 is not an easy unit for accouting. but it is the compulsory unit for accouting student. well, what should i say, we'll see about it.
the lecturer is a man with some Indian accent, sometimes i really not understand what he said. and at the beginning of the class, he introduced himself, but i was not really listening, and he said, this is a elective unit. ? i confused, then he said for financial students. oh, i see. then he said, but this is also compulsory unit for accounting student, oh , i am sure i am not going into a wrong room. after that, he started teaching, began with the example i was not quite understand the first example, because i could not recall what is the market value. and so far i have not found the correct answer. maybe i will find it later. then the second example, after he talked about it, i think...nothing...i know the share price change randomly, but still do not know why. i know there are many factors can affect share price, but i do not think this is the answer which i am looking for. after the examples, he talked about the assessments. not too much, and i do not know whether it hard or not. i hope it is not too hard. i heard it was not the easy one from F. but i am not sure F can be trusted. LOl. anyway , we will see. then go the the valuation flow chart, it is very important. and this is the clue of the unit. the purpose of this unit is valuation. of course, the name of this unit is Financial statement analysis and business valuation. i think it is a little like AFF 5050. we need to anlyse the accounting item in the financial statement, but this unit is a little deeper, it need forecasting. so far i have no idea what should forecast and how to forecast. we will learn. the Slide 13 is the important point of this lecture. after that he talked about M & A, and also some examples . i figure that, this unit also needs a lot of case study...it means a lot of reading, like AFX 5330 and AFF 5150. and to be honest, i am not quite listening the lecture in the last 10 or 5 minites, because i was a little hungry then, all i want was food, maybe i will bring some food in next lecture.
the lecturer is a man with some Indian accent, sometimes i really not understand what he said. and at the beginning of the class, he introduced himself, but i was not really listening, and he said, this is a elective unit. ? i confused, then he said for financial students. oh, i see. then he said, but this is also compulsory unit for accounting student, oh , i am sure i am not going into a wrong room. after that, he started teaching, began with the example i was not quite understand the first example, because i could not recall what is the market value. and so far i have not found the correct answer. maybe i will find it later. then the second example, after he talked about it, i think...nothing...i know the share price change randomly, but still do not know why. i know there are many factors can affect share price, but i do not think this is the answer which i am looking for. after the examples, he talked about the assessments. not too much, and i do not know whether it hard or not. i hope it is not too hard. i heard it was not the easy one from F. but i am not sure F can be trusted. LOl. anyway , we will see. then go the the valuation flow chart, it is very important. and this is the clue of the unit. the purpose of this unit is valuation. of course, the name of this unit is Financial statement analysis and business valuation. i think it is a little like AFF 5050. we need to anlyse the accounting item in the financial statement, but this unit is a little deeper, it need forecasting. so far i have no idea what should forecast and how to forecast. we will learn. the Slide 13 is the important point of this lecture. after that he talked about M & A, and also some examples . i figure that, this unit also needs a lot of case study...it means a lot of reading, like AFX 5330 and AFF 5150. and to be honest, i am not quite listening the lecture in the last 10 or 5 minites, because i was a little hungry then, all i want was food, maybe i will bring some food in next lecture.
3/01/2010
first day
i do not like the title, it is a little hard for every posts uses different titles, and i could not make sure all the content in one signle post are around the title, i think just use the date is the perfect choice for the post. LOL
ok, today is the first day of the new semester, i have a class in the night, but not too late, 5-6PM for the tutorial and 6-8pm for the lecture. the new semester is beginning, so the school full of students as it should be. Monash has a lot of new students now, also a lot students graduate from Monash, i do not know wheather can call it turnover...
BTW, i do not what's wrong with my internet of the home, sometimes it does not work recently. and some times one spot light flash unusual...
OK, go back to the school topic.
the tutorial and lecture as the same unit- MKX 9550-Marketing and the international consumer. this is the first time i learn the marketing subject here, i think i have memtioned before. and the tutorial came first. there were about 20 students sit in the class room, and almost of them look like Asian, i thought i may be like accounting unit, most Aisan come from China. but after introduced themselives, i was shocked. 20 students, i thought it should be more than 20, may be 23 or 24, 8 or 9 are local. and 6 or 7 from Malaysia, one from Korea, one from Vie nam, one from Thailand, one from Philippines, one from Hong Kong, and just 4 from China, involed me...maybe Chinese students do not like studying Marketing , i do not know...so many Malaysian students in this course, it was a surprise. after introduction, the tutor handed out the unit outline, and said something about the assignment, then it class dismissed. oh, the tutor calls Kathryn Gardiner, a local, i think.
after tutorial, the lecture, Kathryn is also the lecturer for the evening class, but she is not the unit leader, the unit leader also shown up in the night class, but just talked about the object of this unit, and the assignment part. the unit leader is Indian, i guess, but of course, he certainly holds the OZ passport, but maybe original comes from Indian or some South Asian countries. he has Indian accent. some of my friends do not like India accent, well, for me, i neither like nor hate...i do not care about the accent, but sometimes it is difficult for me to understand the person who has Indian accent or others. i think this is the problem of mine, my English is not good enough to beyond this accent, i need to imporve. ok, in the lecture, the lecturer just talked about some basic concepts in the marketing area. talked about what is marketing, what is the marketing management. and also she said that this unit will learn the marketing as well as international consumers. i think "marketing" and "marketing management" these two concepts' defintions are not too hard, but i do not know how deep it can be, in another word, how board we need to learn about these two concepts. and teacher took a long time to talk about "deregulation", in my opinion, deregulation is like freedom, do what you can do in the market. and teacher said that financial market is a good example of deregulation. in an easy way, deregulation means every one can enter into the market without legal resistance. also, this unit also talk about CSR (Corporate Social Responsibility). i do not know whether it will learn the same content as accouting course...
in conclusion, not so many content in today's tutorial and lecture.
PS, in the lecture, there was few Chinese students.
ok, today is the first day of the new semester, i have a class in the night, but not too late, 5-6PM for the tutorial and 6-8pm for the lecture. the new semester is beginning, so the school full of students as it should be. Monash has a lot of new students now, also a lot students graduate from Monash, i do not know wheather can call it turnover...
BTW, i do not what's wrong with my internet of the home, sometimes it does not work recently. and some times one spot light flash unusual...
OK, go back to the school topic.
the tutorial and lecture as the same unit- MKX 9550-Marketing and the international consumer. this is the first time i learn the marketing subject here, i think i have memtioned before. and the tutorial came first. there were about 20 students sit in the class room, and almost of them look like Asian, i thought i may be like accounting unit, most Aisan come from China. but after introduced themselives, i was shocked. 20 students, i thought it should be more than 20, may be 23 or 24, 8 or 9 are local. and 6 or 7 from Malaysia, one from Korea, one from Vie nam, one from Thailand, one from Philippines, one from Hong Kong, and just 4 from China, involed me...maybe Chinese students do not like studying Marketing , i do not know...so many Malaysian students in this course, it was a surprise. after introduction, the tutor handed out the unit outline, and said something about the assignment, then it class dismissed. oh, the tutor calls Kathryn Gardiner, a local, i think.
after tutorial, the lecture, Kathryn is also the lecturer for the evening class, but she is not the unit leader, the unit leader also shown up in the night class, but just talked about the object of this unit, and the assignment part. the unit leader is Indian, i guess, but of course, he certainly holds the OZ passport, but maybe original comes from Indian or some South Asian countries. he has Indian accent. some of my friends do not like India accent, well, for me, i neither like nor hate...i do not care about the accent, but sometimes it is difficult for me to understand the person who has Indian accent or others. i think this is the problem of mine, my English is not good enough to beyond this accent, i need to imporve. ok, in the lecture, the lecturer just talked about some basic concepts in the marketing area. talked about what is marketing, what is the marketing management. and also she said that this unit will learn the marketing as well as international consumers. i think "marketing" and "marketing management" these two concepts' defintions are not too hard, but i do not know how deep it can be, in another word, how board we need to learn about these two concepts. and teacher took a long time to talk about "deregulation", in my opinion, deregulation is like freedom, do what you can do in the market. and teacher said that financial market is a good example of deregulation. in an easy way, deregulation means every one can enter into the market without legal resistance. also, this unit also talk about CSR (Corporate Social Responsibility). i do not know whether it will learn the same content as accouting course...
in conclusion, not so many content in today's tutorial and lecture.
PS, in the lecture, there was few Chinese students.
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