Self Reflective Report Learning Portfolio

Discuss about the Self Reflective Report Learning Portfolio.

 

 

Introduction

In the current report I will discuss what I have learnt as a student of accounting and financing. I will also address my core strengths and weaknesses as well as skill sets which I have acquired throughout my entire life as a student. The aim of this learning portfolio is to collect my work which exhibits my efforts, achievements, progress and competencies gained during financing and accounting classes. It allows me to reflect on my learning and provides a better picture of learning to dynamic, efficient and integrated process. The learning portfolio also helps me to highlight my academic development as it shows my accomplishment and growth within the unit. The learning portfolio also helps me to evaluate my learning, reflect as well as act on the result accordingly. The learning portfolio basically contains the summary of the major learning, accomplishment that substantiates my learning.

Accounting and financing

I was inspired to study accounting and finance as number of successful businessman from various sectors of the industry is primarily from finance and accounting study background. Getting acquainted with accounting and financing on career trips made me choose accounting and finance as my subject of choice. Accounting and finance is a challenging degree that helped me to learn complicated situation analysis and application of theories to real life situations and scenarios. Having a good grasp of calculations and mathematics, accounting and financing provides me the opportunity to perform lots of complicated calculations. I have chosen accounting and financing as my subject since it provides an excellent career development opportunity for the graduates. As long as the world is concerned, money rules the world and hence the world requires accountants and finance professionals as well as accountants needs to be updated for controlling the money and its related calculations.

Accounting and finance also provides me numerous opportunities as an accountant for recording, summarizing, classifying, interpreting and communicating financial information regarding the business. Accounting and financing in degrees also provided me practical approach with simulated as well as real life opportunities for business account management. The job opportunity which is related directly to the accounting and finance are accounting, technicians, actuarial analyst, chartered accountant and company secretary. Financials, account, stockbroker etc. forms such huge employment opportunity. In different sectors accounting and financial analyses before courses in helps me to perform the background analysis of accounting and finance which helped me to determine that almost 25% of the accounting and financing graduates are working as chartered accountant approximately after 6 months from graduation. Among all the accounting and finance contributes to students in the world 16%, 3% unemployed 8% are going for the study 12.2% or studying as well as working 6.9% and unemployed in 3.6 percent belongs to other categories

I have learnt the primary difference between accounting and financing is that accounting has a narrow focus while finance is related to the wide focus covering specialization arrays regarding world businesses, banking and economics. Accounting focuses on the management of day to day life regarding financial reports and records that is present across the business world. However finance utilizes the same results in projecting the future growth as well as analyzing the expenditure. The provided strategies to maintain the finances of the company accounting typically involves utilization on analyzing financial information for evaluating the businesses position in finance. I have learnt that book keeping, managing balance sheet and income statements is the primary tools for accounting that provides the opportunity to the student for projecting and analyses potential growth and profit for an organization that accesses the resources especially that of monetary resource and utilizes statistics of accounting and reports for future funding options.

I have also learnt that accounting helps in specialization of topics such as tax auditing risk assessment international accounting and management, accounting, forensic accounting is another possible option which have learnt that allowed me to analyze myself in case studies and real life scenarios that help me to understand accountancy processes, legal proceedings and suggesting electronic crime cases related to coding, insurance, claims, corporate ethics and bankruptcy. I also found that anti specialization in walls, financial evolution, behavioral finance, corporate finance, capital markets. Financial modeling investment involves management of financial aspiring for keeping pace with new processes, continuous development, changing markets and emerging technologies. I have taken accounting and finance as my graduate program as my short term goal is to get placed in an organization that provides me an external and internal development opportunity as well as learning ability. However my long term goal is to get placed in an accounting and finance in firm

It was always my dream to become a business owner for several days. I always wanted to become a successful businessman and hence required adequate knowledge to maintain the numbers. As the world faces financial turmoil, organization and company's needs accurate analysis, understanding and actions that navigate the different problems of accounting and financing. My degree provided me the opportunity that I can take in financing degree that also will be competent to get acquainted to various kinds of financial control system and focus the finances of the company to provide recommendation. Depending on analysis done on the company's financial growth, mitigation techniques will be prescribed and help the company to adopt techniques and ways that will help them to maximize their profits and reduce unnecessary financial expenditures.

Strengths

My major strength is that I do not fear learning new things. I am a quick learner, a keen observer and a good listener. My quick learning ability makes me learn different tools and techniques used in finances and accounting quickly and makes me competent in analyzing define financial situations. I am also a computer literate as well as have excellent communication skills. I know range of financial and accounting software packages that usually used as industry standards. Creating objectives and meeting the objectives is my another strength that helps me to pursue my career efficiently and effectively. Few of my other skills involve range of technical software such as SPSS and knowledge of working in Watson Analytics. I am also competent in handling C++ programming and have working knowledge of MS Excel. I also have knowledge of DBMS as well. I have a working efficient knowledge in R, Python and Java programming language as well. 

Weaknesses

One of the major weaknesses is that I cannot refuse or deny anyone. I don't usually say no to a people wanting help from me that constitutes one of my major weaknesses another weakness of mine is my detail consciousness that makes me to check the work over and over again after it has been completed

Skills

The key skills that I have gained during accounting and finance in classes are quantitative skills that help me to analyze the data and provide an insight and in depth towards the data collected. I have also learned specialized knowledge of various accounting techniques and topics. My course enables me to become aware of Generally Accepted Accounting Principles. I am also able to gain knowledge regarding account accounting regulation issues as well as strong understanding of the business industry. I worked on the knowledge of industrial practices and principles strong theoretical knowledge research skills communication skills stock market knowledge as well as investment and trade. I have given enough skills and ability for understanding and interpreting statistical as well as numerical data. I can also sustainable the price recommendation techniques.

Conclusion

I can conclude that my subject knowledge regarding accounting and financing has made be competent in analyzing various kinds of business situation and their financial statements as well as provide an analysis and evaluate the situation recommending them proper tools and techniques to control the financial expenditure. My learning capability helps me to develop an affinity towards success. My quick learning ability also made me competent to achieve deadlines and meet objectives efficiently. Although few of the weaknesses are serious however my competency to overcome my weaknesses makes me confident enough to perform well in the industry.