good bye Monash

the results have released last night, i passed all the unit, actually, only two units. MGX5440 and MGX5870. i did good job on the last assignment of MGX5870, but the first assignemnt was too low...

anyway, the final average marks of my master is 69.25, very near 70, what a pity...

also, i passed Learner Pass test for driving, still have two tests- HPT and road test.

the weather is not good recently, change so quick, typically Melbourne style...but i am a little luck, i was not hit by any strome when i was out.

this morning, i went to school to ask for the proof of qualification and academic transcript. i got the transcript very quick. but the more important one- proof of qualification was not. the staff in students service center said i needed to wait for about 5-10 working days. so long...but without  letter of completion, i cannot apply for PR.

another news is about migration rules, changed a lot at 11th November. really a lot...well, maybe i am a little luck because i graduate in this semester...i hope it will not change again in this year. God helps.

Good bye Monash, it is a really good uni. the ceremony will be held on 16th Dec. after that, i need to focus on finding a job, wish me luck~

Monash Caulfield Building T

Today is very cold, say,11-17, and there is a rain in this morning. Recently, it always like this. I got up wake these days, because it is too cold to get up.


I just finished my MKX 9550 assignment, the last assignment of this subject. But I still have 2.5 assignments of the semester. AFF 5130 and MGX 9230, they are required 5,000 words and 5,500 words. A lot of work needs to be done in next two weeks. The half assignment is AFF 5100, I already finished my part, and I am still waiting for my team member’s part.

In the morning, I read a news, says about Apple’s next generation phone, so called iphone 4G. I do not know whether it real. In the news it says more picture is available on some website, Vxxxx.com, I can not remember the domain, sounds like a Vietnam website.

Some days ago, the interest rate was increased again, but I do not know the exactly number, sounds very high, and today I see an advertisement, the term deposit of CBA is 6.00%, WOW, very high. But the highest rate I have ever seen was 8.00%, ANZ in around 2008.

Some days ago, I check MONASH website, I found an interesting thing, MONASH has twitter. I have twitter, too. But I really do not familiar with it. VU also has twitter, but it is under protection. I can not access it.

I am waiting for the lecture tonight, in the LAB. There are several computer labs in MONASH Caulfield. A lot of computers. But people is more than the number of computers. It took me 20 minutes to find a computer. First I seek it in the library, no found. Then go to A1.38 and A1.39, no computer left. Then I went to Building T. I heard that there were several LABS in the Building T. but I just find 3 of them. I was standing at 1st floor of Building T. suddenly, someone asked me :”are you looking for a lab?” I replied”Yep, do you know where is T1.25 and 1. 1.27”. he showed me the way. So, I am sitting here. LOL. So many computers here, but not so many people.

I watched Jay Chou’s new MV ”Superman can’t fly” on Youtube, well, not so good. From the song lyric, I feel Jay Chou is helpless, maybe helpless is not right to describe it. Well, some words like it. Well, I hope the new album is good.

capitalism, a love story

finanlly, i got one day off after finished several assessments. and last week, i got the result of my last MKX 9550's presentation, i got D. i was happy with that. also, in last week, i had AFF 5130 presenation, a group presentation. our company is called EBET, a small company which engaged in gambling. and the topic is acquisation. we needed choose a company to acquire EBET, and we choose Crown. but the tutorial said, the reasion why Crwon should acquire EBET is not very strong and direct. but i really did not buy it. but what should i say, nothing. maybe i did not enough research. another presenation was conducted yesterday, AFF 5100. also a group presentation, but i rarely involved in it, because my major duty of the group assessment is the assignment, but not the presentation. in the presentation is case stuedy- ABC learning. after reading the related material, i am so surprise that this company still operates in Australia. but maybe under new management. the Australian government bailout the company, but i do not know what happen now.ABC learning also operates in some areas in VIC, but just in some countryside, such as Gelong, not in Melbourne.
i watch a movie tonight, called "capitalish, a love story". i downloaded last month, but i did not have time to watch it before. it is really a long film, about 2 hours. i do not know why it called a love story. there is no scense about love. i think it is a documentory. generally, it talked about the stuff about capitalism. to be honest, i do not know what is capitalism, and what is socialism. in the movie, it calls Obarma is a socialism leader. in the first half of the movie, it stated several stories about American families. their houses is taken by the banks. and the second half of the movie, it generally about the subprime. and some subsequent events of the financial crisis. i do not know the story or the statements in the film is true or not, but it really impressed. such as the big companies- P & G, bank of Amercia and so on, buys the life insurece for their employees, but the beneficiary is not the employees' relatives, but the companies. so when the employee is dead, the companies can make profit through that. that is really terriable thing. the director of the film also think that the US government should not give the banks that much money, say 70 billion money, to help the banks pull through the financial crisis. but actually, the government did not know how banks spend that huge funds. the 70 billion dollars are from the taxpayer's pocket. also, the director thinks that free market is basical wrong thing. well, i do not think it in the same way. but it is really a hard thing for the government to find out the break-even point of the control and freedom of the market.
same days ago, there was an accident in Iceland- volcanic eruption. it affected the airline industry a lot. it lots a lot of money, around 1 billion US dollar. really a lot. what's wrong with the earth. so many tragedies.
today, i receive the letter from CPA, it states that i pass the migration assessment. well, i hope everything goes well.

holiday, end

today is the last day of the Easter holiday...
i do not think it is really a holiday for me, because so many assignments need to finish.
i just finish the maketing assignments.
there will be a test on next Thursday, it is AFF 5100, but i have not prepared for that.
and i have a presentation on tomorrow, but i have not remeber all the stuff.
the assignment of MGX 9230, i finished 2000 words, but there still needs 1500 words to go.
about AFF 5130, i learned nothing during the holiday..
i spent almost all the holiday time at home. i went to shopping for several times, but only for food. and got a haircut. that's all about my holiday. omg...what a pity...
MONASH...what shold i say...
wish me luck...


PS, it is getting cold now...autumn is coming
and i linked my youtube account to twitter account, that is fun

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...

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.

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...

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.

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.

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.

AFF 5050 past exam paper (4)

Semester Two Examination 2008

QUESTION 1

Competition in the deregulated financial markets may have contributed positively to


recent bank crashes. Do you agree with this statement? Why or why not?


5 marks
same as before


QUESTION 2
What are the ‘Special Drawing Rights’ (SDR)? What is the purpose of the SDR and which is


the responsible international body for SDR?


5 marks


same as before

AFF 5050 past exam paper (3)

Semester One Examination 2009

QUESTION 1

Excessive competition in the deregulated financial markets may have been the reason for recent global financial market turmoil. Do you agree with this statement? Why or why not?


5 marks


same as before

QUESTION 2
What are the major functions of international banks? Discuss.


Arrange trade financing


Arrange foreign exchange

Offer hedging services for foreign currency receivables and payables through forward and option contracts

Offer investment banking services

Offer commercial banking services



QUESTION 3
Drafts/Bills of Exchange are commonly used in international trade finance. Identify different types of draft and discuss their main features.


5 marks


Sight draft: when the shipment has been made, the draft is presented to the buyer for payment.


Time of payment: on presentation of draft

Goods available to buyers: after payment

Risk to exporter: disposal of unpaid goods

Risk to importer: relies on exporter to ship goods as described in documents

Time draft: when the shipment has been made, the buyer accepts the presented draft

Time of payment: on maturity of draft

Goods available to buyers: before payment

Risk to exporter: relies on buyer to pay

Risk to importer: relies on exporter to ship goods as described in documents

AFF 5050 past exam paper (2)

Semester One Examination 2008

QUESTION 1
Most international banks’ products and services are similar to those of domestic banks. Do you agree with this statement? Why or why not?
5 marks
No. international banks do everything domestic banks do and:
Arrange trade financing
Arrange foreign exchange
Offer hedging services for foreign currency
Receivable and payables through forward and option contract
Offer investment banking services


QUESTION 2
What are the common criticisms against the International Monetary Fund (IMF)?
5 marks
No. international banks do everything domestic banks do and:
Arrange trade financing
Arrange foreign exchange
Offer hedging services for foreign currency
Receivable and payables through forward and option contract
Offer investment banking services

about Monash (7)

OK, in the last 4 posts, i introduced 4 units which i learned in the last semester, and in this one, i will say the unit which i learn this summer- AFF5050,international banking
from the name of the unit,you can figure that this unit is about banking and financial. that is sure. and as said before, i do not like learning finance unit. and i am not so interest in this unit. i learned it, because the unit is the only one i can learn during the summer, and everyone said it is an esay unit.

about Monash (6)

in this one, talk about - AFX 5330
how to say this unit, uh, a little hard or not hard at all. for me, i think it should be middle of them. this is not a hard unit, because all the concepts in this unit are basis. but for me, all the concepts are new, so a little hard.
there are two parts of this unit, theorical and practical. in the practical part, it is main about SAP, not SPA, LOL. it is a very popular soft, at least i belivev it. but unlucky, so far, i do not understand how to handle it. in the theorical part, it is about something like ERP, it talks about how can an enterprice works effective and efficiency. at the begining of the unit, i could understand some concepts, but as time goes on, i totally lost.
there are two assessments, first one is a presentation. u can choose an article you like or choose from the teacher given. group presentation, up to 3 people. i chose an article which i read when i learned MYOB, i thought it should be easier that read a new article, but i was wrong. i did not get a good mark for

about Monash (5)

Ok, this one, let's look at AFF5150
the teacher is female, Dr Birt, and good teacher. but in this unit she really did not teach so much. in the most time of seminar, the students did the the preseatation. very long presentation, up to 1 hour. usually, in the first 30 minutes or 1 hour, Dr birt taught some accounting theory which related to the following presentation, and sometimes there was no theory time, just the presentaion. then, the first group would give their presentation, up to 1 hour. and after that, a 20 minutes break will be given. then the second group came up, gave the presenataion. then, 3 hours passed, class dismisse. almost every seminar liked that. i learned a little in this unit. really, i was not interesting in the other groups, maybe because i did not understand what they talked about. in the most time of the class, i sleap except one seminar, the one i needed to give the presentation. 4 people made up one group. one we spent maybe 10 hours to read the article which we should talked about. one sentanse by one sentanse. very hard for us. because of lack of some statistic knowledge, we were not understanding the paper well at first. but after we had meeting with teacher, we knowed the paper. and finanly, we got a high mark on the presetation. they other assessment was hard too, and i worte about it in the earlier post. that was 4000 words. and we needed to do a lot of reseach. we downloaded 50 annual reports, and found out the number we needed. then put these number in the Excel, then run some statistic process, then get the conclusion. we got a reasonable mark on this assessment, not too high, but OK.
about the final exam. in the exam, all the questions were about the paper which we did presentation in the class. there were 20 or more paper, we should remember. include the name of the authors, the conclusion of each paper. i am not good at member. test about member means nightmare for me. i spent two days to remeber these stuff. and did not go to sleep on the night before the exam. but in the exam, i still did not remeber the authors name of some paper. i got C in the unit. fair for me. i thought.

about Monash (4)

in this one i will talk about one course, AFX 5120.
this unit is about auditing, assurance, fraud. i like this unit. it is a little hard, not the teacher is strict. there are 3 parts of the unit, assurance, government and fraud.
the lecturer of assurance is the unit coordinationer, and i think this part is very similar like auditing which i learned in my bachelor degree. and the difference is AFX 5120 is more specific in internal control, maybe this part is only about internal control. unfortunately,so far i am not quite sure the term "assurance". but i understand what is audit. i remember that in the first class of the unit, the teacher asked us, what was the audit. that was just about check...simple answer huh?LOL. i think the teacher is good, he can explain the question very well. and there is only one assessment, a small test. the questions were not difficult, very similar as what he taught in the lecture.
the second part is government. i think this part is the link of the rest two parts. because company needs government to governance its internal control. and if a company's government is not good, the fraud will happen. the teacher is a tall, thin man. i feel he is good too. but sometimes, i can not understand what he said. maybe that was my problem. there was one assessment too. a essay, 1000 words and group assignment. but i did it myself...the assignment was easy, but not esay to start, because the question was asked about one company has good financial performance without good corporation government. believe me, its not easy to find out such a company like this. i spent one day or maybe more to find it. a very good example of this kind of company is Harvd Norman, but this example was from the teacher, so we could not write about it. i found two example, one was westfield, and the other one was a small company, i can not remeber the name of it. but i thought the problems of HN or westfield are not big deal. both these two companies have one same problem, their chairman is also the director of the company. and my friend told me that, if one company has a problem of corporate government, it would not state it in the annual report. and i also belive it.
the third part is fraud. there is one problem of this teacher, at least i think. her voice is too low. this is a female teacher. sometimes i really could not hear what she said clear. besides fraud, this part is also about CSR, CORPORATE SOCIAL RESEPONBILITY? i guess. maybe the spell is wrong, but such a thing like that. there was one assessment too. but i can not remeber, maybe about some questions in the textbook. oh, there were three case study in this part, and i like one case about WorldCome,i like this one, and i also did a oral presetation about this case. through this part study, i felt very confused about the accouting firm Andrew Anderson. a former one of the BIG FIVE. the three case study all about the fraud happened in these companiese, and these three companies use the same accouting firm- AA. also, the most famous case- Enron, it also used AA as its auditing company. i could not understand, why AA was so famous, but did so many mistakes?
in the final exam, there were three parts too. but the questions were not simple. some question was about reading material, but i have not read it, so i made it up. LOL. i got D in this unit. better than at least half students of the unit.
in the accouting part, i like taxation law and auditing, but they are harder than the rest units. but i like them. i heard that in the accouting firm, taxation consultant and auditor are making a lot money, i hope i can do that too, in some days.

about Monash (3)

in this one, i will talk about one cours which i learned last semester.

totally, i studied four subjects, and i will start with the easy one- GSB 9001

from this code, it implies that this course is not about the accounting or financial, but most Monash master students should learn this subject. i do not know why, but i do know i don't like this kind of subject. this kind of subject called Personal Development, or Professional Development. when i studied in VU, some of friends learned PD in bachelor degree, and they told me that, that course was like IELTS Class, told the students how to write or how to read, and how to speak. and when i learned this subject, i had the same feeling too. maybe because of the language, i do not like this unit. but it is not a hard unit.
there are two or three assignment in this unit- a debate, a report and i am not sure whether there is the third one...the first one is just three minutes debate. the teacher will tell you the topic and you can choose your side- for or against. it needs careful, because i choose a wrong side, and not easy to talk about the topic. the second one is longer, 1000 words report, individual report. 1000 words are not so much, but before you start your report you need to read about 20 articles. and your report should base on these article. and i have not got a good mark on this assignment. honestly, i do not know how to get a good mark on this assignment...but some students really got a high mark, and i do not know why. there are may be more than half dozen of tutors in this subject. maybe there are some subject factors affecting the marks, maybe, i hope.
and the final exam is not hard too. the teacher will distribute the past exam paper and practice exam paper. also , there is a good news for international students such as me, in this exam, you can take a dictionary. if you do not have one, when you enter the exam place/arena, and before the exam began, you can ask the staff for the dictionary. actually, i always take a dictionary to exam when i study in VU, but rarely use it, because i only have accounting Chinese-English dictionary, but the words which i do not understand are not about accouting. so i have not bring the dictionary to the GSB 9001 exam. and when the staff asked me whether i need a dictionary, i said no. and this thing should add to my list of regress.
to summary, i do not like this unit, and i do not know how to study this unit. WHAT A PITY...and overall i got D in the unit. but as memtioned above, there are more than 6 tutors in this unit, and i hear that most of these tutors are male, and pretty cool. this should be a good news for the female students. LOL.

about Monash (2)

in the last post, i said i thought if i studied accounting, it would be easier. but i was wrong. accounting in Monash is not easy for me. really. especially the assignment. now i will explain it in details.
when i started my study life in Monash, say, first entering the lecture, i felt that , the lecturer was good, and i could understand what she said. and in the nexting days or weeks, i felt that, nothing difficult. Monash was so so. but i was wrong, when i prepared my first assignment, i felt that it was more difficult than what i learned in the lecture. i did a lot of research for the assighment. i felt that just understand what the teacher teached was not enough, research was the key for the assignment. the most difficult assignment was the report of AFF 5120. 4000 words report. fortunately, that was a group assignment. 4 people set up a group. that assignment was about analysis the relationship between accounting number and share price. in the assignment, there were a lot of statistics concepts, but i did not know. what a pity. in VU, i learned statistics, but rarely know the knowledge about it. i needed to know the statistics knowledge as well as some accounting knowledge which related to the assignment. that was really a tough time for me. and we handed in the assignment just 10 minutes before the due time. there was another assignment difficult, AFF 5330. i said it difficult because that subject was not only about accouting, but also about IT or computer. before the final exam, i spent almost one week to review this subject. but i just got C in this subject.
last semester, i took 4 subjects, and in the following day, i will state about them one by one.
in the last post, i said that some of my friends and schoolmate changed their subjects in the master degree study. luckily most of them passed the subjects. but some schoolmates who learned financial failed their subject in Monash. bad luck...Monash is famous as its financial courses, it can be illustated by the courses provided by Monash business and economic faculty.
they provided a lot of courses about financial compared with accounting courses. so i think maybe financial teachers are more strict than accouting teacher.

TODAY IS A LIITTLE HOT...

about Monash (1)

many students choose Monash as their undergraduate or postgraduate school, so am i.
but the reason for i choose Monash is very simple. in a simple way, there are only two reasons.
first one. about the major. i learned accounting in VU for bachelor degree. and i really did not want chance the major when i study for the master degree. the reason is simple too, that is i am lazy. many friends of my choose study Financial in their master degree, but for me, financial is a totally new subject. if i studied it, all the knowledge was new for me, i shold study hard, cause i know nothing about the financial. but if i chose accouting, some knowledge already fimilar for me. maybe sometimes i do not need work so hard. so i chose not change the major for the master degree. of course, all the above is what i thoght before i entered Moansh for master degree.
second one, about school. i did not want to change the major, that is to say i still study accouting in the master. so i need choose a school which famous on its business department. of course, in Aus, there is Group Eight. so what i need is just pick one up from these eight schools. and i don't like change the place. i live in Melbourne for two years, and i do not want change. OK, from thses, you can figure that i am a person who do not like changing. yes, that me. and back for the topic. there are two shools on Group Eight, one is Monash and the other is Melbourne Uni. but Melbourne is famous for other subjects but not accounting, at least i think.LOL. and Mel Uni's tuition fee is very very high. in contract, fee's of Monash is very high...Monash's business department is very famous, so finanly, i chose Monash.
and about the first semester life in Monash, i will write about it in the next article.