Step one
My Blog Link:
My top three blogs:
Lucy's blog is very well
presented which is good, it is easy to read and has very good information about
her company, Lucy has done great work and her design of her blog is great well
done.
Madelines blog is also very well layed out, easy to read which is
good and also well structured, she has given us good knowledge about her
company and detailed information about it, it looks like she has spent a good
amount of time on her blog. Great work
Step two
Jumbo Interactive have been around for a long time, the company
was listed on the Australian Securities Exchange in 1999 as an e commerce
business, which was an online shopping mall. In 2000 the laws had changed to
permit the sales of lottery online in Australia, then Jumbo started to sell
charity art union games online, Jumbo Inactive had expanded in 2005 into
national lotteries. Jumbo Inactive began to actively explore international
online lottery opportunities in 2009, but at the end of 2013 the company
succeeded in the finical year securing agreements in USA and Germany. This
company will continue this growth strategy to achieve the global leader in the
online lottery industry.
Jumbo Interactive Annual reports:
News articles, blogs and videos on Jumbo
Interactive
The only thing I could find about Jumbo
Interactive was on YouTube; here are some links about the opening and releasing
of this company. They talk about how it is useful to today's society and also
easy to purchase through multiple devices.
Key Concepts and Questions on Jumbo
Interactive
When I read through the Jumbo Interactive annual reports
I understood nothing, everything is pretty new to me. But as I kept reading I
had figured out what was going on and if Jumbo Interactive had succeeded
throughout the years.
When I tried to look up the annual reports
for Jumbo Interactive everything looked confusing, I did not know what annual
reports I had to use.
Areas
of the company’s financial statement I have difficulties understanding
The
areas of the business that seems most important or critical to me
The area’s that seem important to me and
stand out in the annual reports is this company is trying to position itself in
the market place by spending money on Marketing costs and Administrative Costs.
Because of these expenses moving up this has contributed to the income for the
owners of Jumbo Interactive to drop.
Key
challenges of the firm and how successful it is in addressing them
Jumbo Interactive have many strategies
to make this company successful. From 2011- to 2014 this company has become
more professional but at a cost. By spending more than double on internal
Administrative costs and spending money marketing costs. These costs are
necessary in a company to create a solid foundation to cope with future growth
but short-term money can be lost to the business.
Step Four
What do I find confusing?
After I had read through chapter one for the study guide I have
gained better knowledge of accounting and my understanding of accounting is
improving slowly. The First chapter tell's us what accounting is and also
introduces business. After reading the first chapter everything looked hard, as
I kept reading and reading it had gotten understandable. But what I find really
confusing is the Maths of accounting, all these equations had me thinking.
Accounting and Math weren't my favourite subjects at school; I had struggled
through the years of high school. All these equations and terminology sounds
confusing, but hopefully I will understand all this when I further my studies
in accounting.
What I find difficult to understand or believe?
The Moment when I had
heard that Accounting had been around for ages, it had me surprised how this
was even true. The history of Accounting has been around since the 15th
century. It is hard to believe that accounting has been practised ever
since.
When I had started to
read the first chapter of accounting, it had been pretty boring and felt like I
was reading it over and over again. But the number one thing that had been
boring to me was journals and ledgers; at first I didn't understand
anything about this at all. Journals and ledgers to me were very hard to
follow.
What do I find exciting or surprising?
When I was reading through chapter one everything was pretty exciting to me
but the one thing that I found most exciting is QWERTY, when they have used
this method for many years now, I did not know that they used the
method through the typewriter, I had found this very surprising.
Key
Concepts and Questions on Chapter 3
What do I find confusing?
After reading chapter three of the study guide I have gained
better knowledge on finical statements of firms.
But the number one thing that came across me so confusing is dividends and the
equations that had been used for this. As you came across I am not good at
maths, this was very hard to understand. But as I progress through accounting I
will gain more knowledge about dividends and will be able to do these
equations.
What I find difficult to understand or believe?
When I had first started accounting and hearing about
this assignment everything I had heard had sounded difficult. But all this
information and knowledge about chapter three is slowly coming back to me from
high school as I read more. As I said from above the equations are difficult to
understand, and as I keep reading and learning more about these equations these
will become a lot easier for me.
What do I find boring?
When reading the first chapter about financial statements and
firms, it seemed quite boring to me and I had to keep reading through this, so
it had made sense. But as I went over
the chapter financial statements and firms had sunken in, more
knowledge about chapter three was making more sense.
What do I find exciting or surprising?
What I found surprising about chapter 3
three was the history of Financial statements this was very interesting to me.
My Blog Link:
Lucy's blog is very well presented which is good, it is easy to read and has very good information about her company, Lucy has done great work and her design of her blog is great well done.
Step two
My assigned Company for my assignment is Jumbo Interactive.
About Jumbo Interactive
Jumbo Interactive is a gambling company operating in Australia and
Germany; Jumbo Interactive is an Australian corporation. The Company operates
Oz Lotto, one of the largest e-commerce websites retailing in Australia, it
also sells lottery tickets online and around the world including in
Asia-Pacific, North America and Europe, the company sells through official
agreements with the local lottery organisations to make a secure e retail
environment for the customers who use jumbo inactive. Jumbo Inactive ensures customers
that they can purchase lottery tickets online through phones or any devices
this make it easy to use.
Jumbo Interactive have been around for a long time, the company
was listed on the Australian Securities Exchange in 1999 as an e commerce
business, which was an online shopping mall. In 2000 the laws had changed to
permit the sales of lottery online in Australia, then Jumbo started to sell
charity art union games online, Jumbo Inactive had expanded in 2005 into
national lotteries. Jumbo Inactive began to actively explore international
online lottery opportunities in 2009, but at the end of 2013 the company
succeeded in the finical year securing agreements in USA and Germany. This
company will continue this growth strategy to achieve the global leader in the
online lottery industry.
Jumbo Interactive Annual reports:
2011-2012
2012-2013
2013-2014
News articles, blogs and videos on Jumbo
Interactive
The only thing I could find about Jumbo
Interactive was on YouTube; here are some links about the opening and releasing
of this company. They talk about how it is useful to today's society and also
easy to purchase through multiple devices.
Key Concepts and Questions on Jumbo
Interactive
When I read through the Jumbo Interactive annual reports I understood nothing, everything is pretty new to me. But as I kept reading I had figured out what was going on and if Jumbo Interactive had succeeded throughout the years.
When I tried to look up the annual reports
for Jumbo Interactive everything looked confusing, I did not know what annual
reports I had to use.
Areas
of the company’s financial statement I have difficulties understanding
When Looking at Jumbo Interactive home
page It was difficult finding which statements I had to use for my excel spread
sheet, I had looked at other peoples blog’s is the class and it had given me an
idea. At first when I was scrolling down the page to find the right annual
report, everything had looked similar. When I started to read through 2011
income statements and then looked at 2014 it wasn’t the same, it had different
readings.
The
areas of the business that seems most important or critical to me
In this business the total equity from
the year 2011 to 2014 has improved. Equity has been challenged because I have noticed
the dividends paid out are causing a big loss to the company.
The area’s that seem important to me and
stand out in the annual reports is this company is trying to position itself in
the market place by spending money on Marketing costs and Administrative Costs.
Because of these expenses moving up this has contributed to the income for the
owners of Jumbo Interactive to drop.
Key
challenges of the firm and how successful it is in addressing them
The information on Jumbo interactive shows that they will continue this growth
strategy to achieve a position in becoming a global leader in the online
lottery industry.
Jumbo Interactive have many strategies
to make this company successful. From 2011- to 2014 this company has become
more professional but at a cost. By spending more than double on internal
Administrative costs and spending money marketing costs. These costs are
necessary in a company to create a solid foundation to cope with future growth
but short-term money can be lost to the business.
Step Four
Key
Concepts and Questions on Chapter 1
What do I find confusing?
After I had read through chapter one for the study guide I have
gained better knowledge of accounting and my understanding of accounting is
improving slowly. The First chapter tell's us what accounting is and also
introduces business. After reading the first chapter everything looked hard, as
I kept reading and reading it had gotten understandable. But what I find really
confusing is the Maths of accounting, all these equations had me thinking.
Accounting and Math weren't my favourite subjects at school; I had struggled
through the years of high school. All these equations and terminology sounds
confusing, but hopefully I will understand all this when I further my studies
in accounting.
What I find difficult to understand or believe?
The Moment when I had heard that Accounting had been around for ages, it had me surprised how this was even true. The history of Accounting has been around since the 15th century. It is hard to believe that accounting has been practised ever since.
What do I find boring?
When I had started to read the first chapter of accounting, it had been pretty boring and felt like I was reading it over and over again. But the number one thing that had been boring to me was journals and ledgers; at first I didn't understand anything about this at all. Journals and ledgers to me were very hard to follow.
What do I find exciting or surprising?
When I was reading through chapter one everything was pretty exciting to me but the one thing that I found most exciting is QWERTY, when they have used this method for many years now, I did not know that they used the method through the typewriter, I had found this very surprising.
Key
Concepts and Questions on Chapter 3
What do I find confusing?
After reading chapter three of the study guide I have gained
better knowledge on finical statements of firms.
But the number one thing that came across me so confusing is dividends and the
equations that had been used for this. As you came across I am not good at
maths, this was very hard to understand. But as I progress through accounting I
will gain more knowledge about dividends and will be able to do these
equations.
What I find difficult to understand or believe?
When I had first started accounting and hearing about
this assignment everything I had heard had sounded difficult. But all this
information and knowledge about chapter three is slowly coming back to me from
high school as I read more. As I said from above the equations are difficult to
understand, and as I keep reading and learning more about these equations these
will become a lot easier for me.
What do I find boring?
When reading the first chapter about financial statements and
firms, it seemed quite boring to me and I had to keep reading through this, so
it had made sense. But as I went over
the chapter financial statements and firms had sunken in, more
knowledge about chapter three was making more sense.
What do I find exciting or surprising?
As I was reading chapter three, the one
thing that I found was exciting was the ratios and how they use this for
accounting.
What I found surprising about chapter 3
three was the history of Financial statements this was very interesting to me.
