What should I be up to?

It is the end of term 1:  what should I be up to?

During the holidays, check that you have:

• completed up to and including chapter 8.1
• Have you listened to the credit podcast?  If not, do so.
• http://bottomline.podomatic.com/entry/2009-04-17T02_15_01-07_00
• Nanos 5, 6, 7 & 8 (good revision for next SAC which is about week 3 of term 2).  These were handed out in class but are on NEO if you do not have a copy
• Quia quiz on FIFO (a few have not done this) and Debtors
• Did you complete the DDDay activities on chapter 7, FIFO?  If not, do that.
• Did you forget to do chapter 5 on Classification?  That is quick and easy!
• Chapter 6 was an optional summary exercise.
• Ask your parents to pay the $16.50 for the Practice Exams book we will start to use early in term 2.  They can use Compass to pay.  Once you have paid, collect book from me in the Senior School Office.

• 

What is coming up in term 2?
We will do chapter 8.2 in the first 2 weeks and revise for the SAC.  I will give you lots of past SACs.  The SAC is going to be done on the computer and includes up to and including 8.2.
We will then start Outcome 2 of Unit 3.
What is included in Outcome 2?

• Closing entries (which is new for everyone)
• Balance day adjustments (stock loss, stock gain, prepaid expenses, depreciation, accrued expenses)
• Preparation of the Income Statement and classified Cash Flow Statement.

Remember the Mid Year Exam SAC which is on Wednesday 17th June.  2 pm. Put that in your diaries now!  I want every student to be there!

During the holidays, feel free to email me with any concerns etc.
Have a good break.  Freshen up and come back fired up.