Sunday, January 31, 2016

Prompt #1 Preconceptions about Accounting

Preconceptions about Accounting
What is accounting about? What I would be like if I choose accounting major? What would my future like if I am an accountant? To be honest, even though I choose this major, I still not very familiar with this topic. The most direct feeling about this job is from my parents. They were always busy, overtime working a lot, stared at the excel form for a long time. I, like most of people, have some preconception for this job. 
And they are:
1.       Accounting is more tend to be a science class rather than a liberal art class.

2.       Accounting major have a high requirement on the mathematics.
3.       Accounting is boring and difficult to learn!
4.       If you choose to be an accountant, you will have types of examination in your whole life time.
5.       Accountant is a unchallengeable job

To refresh my definition for this job, I read parts of Basic Accounting:The step-by-step course in elementary accountancy, written by Nishat Azmat and Andy Lymer. And did a short interview with an accountant.

1.       Accounting is more tend to be a science class rather than a liberal art class.
Accounting is a major need both science and art. We should pay more attention about marketing news to practice some principles which we gain from the class. Also to learn and use some definitions or formulas. And all the knowledges are associated to our daily life.

2.       Accounting major have a high requirement on the mathematics.
It is true that accounting need some mathematic knowledges. But it wouldn’t be as difficult as the person who is in the math major. Math will just like a tool to record the business activities in a period of time. We don’t need to do the research about a math definition during our work. For instance, we will know the meaning about “cost of merchandise sold” and use it to record the business activity in the company. But we don’t need to do the research about how to record the business activity.

3.       Accounting is boring and difficult to learn!
It is true that accounting wouldn’t be as funny as a joke. But whether it is boring or not is really depend on someone’s interest. Without interest, everything can be boring. Also like many other class, accounting also have many terminologies. But if we any accounting book, each principle is range in a logical order and make sense to learn about it.

4.       If you choose to be an accountant, you will have types of examination in your whole life time.
Some exams are mandatory. They are essential because we need certification to prove our ability, just like the Teacher Certification. Also types of nation have different rule for the accounting exam. Like in China, if you are an accountant in a listed company, you need recheck for you accounting ability for each year. However, for some small company is different.

5.       Accounting is an unchallengeable and single job.
Many people think accountant is equal to the casher. Well, it’s not. There are many types of Accounting like Intermediate Financial Accounting, Cost and Managerial Accounting and Federal Income Tax Accounting. There are many types of company need accountant whether it is about medical, bank, restaurant even government! We can raise our level on accounting by passing exam. For accountant in types of company to auditor in an accounting firm like APFG. Then we can be an auditor for a single company to make decision for the company to gain more benefit. As a result, we even have chance to be a CFO for a listed company! This is so cool!

This textbook, Basic Accounting:The step-by-step course in elementary accountancy, is really helpful! It has many basic information about accounting, and also contain concise explanations of accounting principles and practice. Due to this book, it gives me a chance to know more about accounting, not just some unclear explanation from other people. Also thanks to the accountant who I interview, both his explanation and the systematic knowledge from the book, they refresh my understanding of this field accurately.
         I feel I have more passion and confident to keep learning on this major through this homework!

Open blog #1: Macroeconomics VS Microeconomics



In this week, the most confuse two definitions I learn from EC 202 is “microeconomic” and “macroeconomic”. The definitions on the note book are clear but still confuse me a lot. Well I think many people will have same problems. So I decide to search some example online and share the knowledge with you. 

         First, let’s look the definition on the notebook. 

Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources.

Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets.

         Both from the definition and the words itself, we can know that the most different between them is the field they mainly about. One is in a small field, the other one is in a big field. But how big is big?
         Microeconomics:
Unit: person, household, firm, industry
Commonly used words: supply, demand, market, increase markets by government policy like tax…
Macroeconomics:
Unit: all the country
Commonly used words: Balance of payment, economic growth, low unemployment, low inflation, environment, distribution of income, GDP

The main reason I summary the commonly used words is because I made lots of mistakes on my homework. They are many questions to ask distinguish which one is micro or macro. And even though I think I am totally understand the definitions about them, I still cannot get 100 percent right! So I summary the “commonly used word”, and find this really increase my speed and right rate to my homework!
Also I found a really useful video online, the address is:

Works Cited:
N. Gregory Mankiw, Brief Principles of Macroeconomics,7th Edition

Thursday, January 21, 2016

About me



Who am I?
            As a Person. My name is Nan. The reason for my parents to give me this name is because this word is same to the name of one type of trees(楠) which are precious and strong and they want me to show those kinds of personality. I am from the capital of China, Beijing.  I like hiking. I wish I would hiking through the dense forest by myself in the future. I hate running especially for the breathless feeling during running. Its feel like my lung is burning.
           Source 1
            As a Student. I regard my grade as a very necessary thing! This push me to a very dilemma situation. On the one side, this really efface my efficiency. During the period to prepare for the TOEFL, my emotion is influenced by my grade easily. One time, I cried for a whole day just because of the grade which I checked in that morning was very poor. This really slowed down my speed because I can’t see the screen clearly due to the tears in my eyes. However, on the other side, this character also is an advantage for me. The reason is I would keep in mind, pay more attention on the exam and work harder to prepare for the next examination.         
         Source 2
            As a Writer. I just like the window for my reader to gain the new information. As I mentioned above, because of some reasons, I had moved to many places to be a student so it is more authentic and easier for me to know something which is hard to others. For instance, like the environment in Beijing. Even though Beijing is the capital of China, it is notorious for the air pollution. It is so easy for everyone to search how serious the pollution is, like PH 2.5. However only the citizens who live in Beijing can really have the precise feeling to the influence of the air pollution, like the disaster- bronchitis, and the most pollution period in the year. Writing, the method for me to express my experience, is like a bridge to connect me with other people, with other culture, with the world. I like it and enjoy it.
Sourse 3
            This blog will mainly about my major-accounting. The reason I am so crazy about this is because my family. Both of my parents had been accoutants, so this job is feld very close to me. I enjoy the feeling to control the money, and I have kept taking account since I came to the university. I want use blog to share the information about accounting. Let more people familiar with this job. And also let me learn more about this field. 









Source Citation:

Source 1: http://image.baidu.com/search/detail?ct=503316480&z=0&ipn=d&word=%E6%A5%A0%E6%A0%91&step_word=&pn=35&spn=0&di=51397763890&pi=&rn=1&tn=baiduimagedetail&is=&istype=0&ie=utf-8&oe=utf-8&in=&cl=2&lm=-1&st=undefined&cs=594837912%2C4053966340&os=2831170370%2C683465020&simid=4282959974%2C737253553&adpicid=0&ln=1978&fr=&fmq=1453433292655_R&ic=undefined&s=undefined&se=&sme=&tab=0&width=&height=&face=undefined&ist=&jit=&cg=&bdtype=10&objurl=http%3A%2F%2Fbigtu.eastday.com%2Fimg%2F201203%2F13%2F10%2F10768961060111930770.jpg&fromurl=ippr_z2C%24qAzdH3FAzdH3Futgwgvj_z%26e3Bjwfp1wy_z%26e3Bv54AzdH3F45gjyAzdH3F49AzdH3Fda8dan8nAzdH3F78wm9dnddl_z%26e3Bip4s&gsm=0
Source2: http://image.baidu.com/search/detail?ct=503316480&z=0&ipn=d&word=%E6%89%98%E7%A6%8F&step_word=&pn=4&spn=0&di=83197297480&pi=&rn=1&tn=baiduimagedetail&is=&istype=2&ie=utf-8&oe=utf-8&in=&cl=2&lm=-1&st=-1&cs=3509370786%2C187167993&os=3082441906%2C1883135568&simid=936293%2C673040760&adpicid=0&ln=1000&fr=&fmq=1453433644130_R&ic=0&s=undefined&se=&sme=&tab=0&width=&height=&face=undefined&ist=&jit=&cg=&bdtype=0&objurl=http%3A%2F%2Ftu.webps.cn%2Ftb%2Fimg%2F4%2FTB1IXHBGVXXXXbYXpXXXXXXXXXX_!!0-item_pic.jpg&fromurl=ippr_z2C%24qAzdH3FAzdH3Fooo_z%26e3Bojkrf_z%26e3BvgAzdH3Fpk99d0c9mAzdH3F&gsm=0

Source 3: http://image.baidu.com/search/detail?ct=503316480&z=0&ipn=d&word=%E4%BC%9A%E8%AE%A1&step_word=&pn=1&spn=0&di=185312253170&pi=&rn=1&tn=baiduimagedetail&is=&istype=2&ie=utf-8&oe=utf-8&in=&cl=2&lm=-1&st=-1&cs=1392671625%2C301326343&os=2927287894%2C1929591339&simid=3360030582%2C352074035&adpicid=0&ln=1000&fr=&fmq=1453433920049_R&ic=undefined&s=undefined&se=&sme=&tab=0&width=&height=&face=undefined&ist=&jit=&cg=&bdtype=0&objurl=http%3A%2F%2Fp7.qhimg.com%2Ft0173ca42e660cdbfb4.jpg&fromurl=ippr_z2C%24qAzdH3FAzdH3F4_z%26e3Bkwthj_z%26e3Bf5_z%26e3Bv54AzdH3F15vAzdH3F8ncbnnb_z%26e3Bip4s&gsm=0