Well that was interesting, what an absolute rollercoaster of emotions in completing that task. There where many areas that I struggled in with mine… With so many highs and lows. I was frustrated and angry when I couldn’t figure out what was going on with my totals, then to solve the problem and I was on cloud nine….. Onto the next one and I am pulling out my hair, fix up that mistake, little self high-five. Only to discover something further. I went from angry, about to throw my keyboard across the room, to this subject is awesome, how much fun was that…… Bit of a thrill in getting to the finish line and I can honestly say I enjoyed the process despite all.
My biggest hurdle was getting my totals to match. In completing this task I have learnt so much about what each item actually is, I have learnt about tax, and the benefits on Financial Expenses. One of the things I found the most interesting was how much of my financial statements, income statements in particular was actually repeats. When first looking at the income statements it looked like there were so many figures, what was interesting was how much of it was either totals, or the same sums just displayed in categories. I would say this accounted for 50% of my income statements. This made things more confusing than I felt they needed to be, but also a great lesson to really understanding what the items were.
Anyway, I hope you have all made it through this task. Looking forward to reading your stories. Would love to hear your thoughts on how I went with mine, please see link below.
All the best