Wednesday, October 15, 2008

things coming together

Tricia pats herself. Not bad not bad. I managed to complete 1 quarter report out of the 2 required. Reason being the other company’s accounts is currently still under adjustment, hence I am not able to proceed with preparation of the reports. secondly, I finished my POF assignment 1 half way. yay! I managed to slog till almost 12mn to hit the half way mark. Due to a meeting yesterday, I didn’t get to even open my POF file, lest work on it at all.

Today’s resolution:

1. Prepare the template for quarter report. this will speed up the process when the accounts are ready.

2. Start a little of the conso worksheets. Probably the related parties transaction and inter-co recon.

3. finish POF assignment up till 75%. That means hit item 7 or 8 by today.

As I sat at the bus stop reading business times before tuition, I felt the articles in the papers seem to mean a lot more now. prior to the econs and finance class, I read them at face value..now I feel I have a better understanding of what am I really reading. Especially on recession and economic downturn.. the micro and macro effects on the economy. Why Singapore has such huge reserves..why must it understate its budget surplus..how budget deficits are financed by government debt.. balance of payments..what kind of role does central banks play.. the spike in interbank lending rates.. LIBOR, SIBOR.. how the government simulates the economy by injecting government spending..lowering interest rates.. fiscal and monetary policies.. everything seems to link together seamlessly and I simply love the big picture of things I am getting. It’s like this huge and jumbled up puzzle bits coming together to fit.. there are still a lot of missing pieces I am gathering..but honestly I am looking forward to the next econs class!! Can’t wait to hear more of what Prof Peter Wilson has to impart to us =)

I wore a top which I kept in the closet for a long while yesterday..i felt it fitted badly on me; like the checkered pants I wore last week. somehow I felt it was tacky and I looked pretty awful in it. I’m packing it away after laundering it.. it’s becoming evident that clothes I’ve worn 5-6years ago do not always fit as they do anymore, even though I haven’t grown “out” of them.. perhaps they have outlived the era they belong to. haha.

Looking forward to training this evening. Rickety old bones getting her act back. I must admit my fitness has dropped drastically. but I do agree with wee ling that it’s not too late to start! I have less than 1.5mths to scsm and I do hope I can maintain the same kind of timing I achieved last year. Not confident of it, but I will do whatever I can. I am a fighter, and fighter doesn’t give up without a fight.

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