ACCT11081

Step 3

melsergiacomi

For this assignment I have been given the company Incitec Pivot Limited (IPL) and just like in ACCT11059 it is a company I have never heard of but will become very familiar with over the next few weeks.

Although I completed ACCT11059 over twelve months ago now, I have found IPL’s annual reports a little easier to understand then Select Harvest (my firm for ACCT11059). I believe this is largely due to the experience of reading through an annual report previously and remembering there is a lot in the report I don’t need to absorb and that I just need to get a good idea of what is happening in and around IPL and of course the financial statements.

I have attached my step 3 draft for any one interested in having a look. Feedback is always welcome.

Hope everyone is enjoying discovering about their own company’s.

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Published by melsergiacomi

Hi my name is Melissa, but most people call me Mel, I am currently studying Bachelor of Business majoring in Accounting part-time while I work full-time as an administration officer. I am married to a wonderful man called Shaun and we have a beautiful five year old daughter named Kenzie. We live in Bundaberg, where we are lucky enough to have most of our family here and also a great big bunch of amazing people we call our friends. We are a soccer family and all love to play on the weekends, although this year I am having the year off, which for my studies that will be very helpful, time wise. Although I will still be lucky enough to watch both Shaun and Kenzie play on Saturdays. Soccer for us it a great way to catch up with a lot of our friends and have a laugh or two. Apart from our soccer we love spending time with friends going to the beach or watching the footy having a few beers. When we can we love to go away camping and fishing and just having a great time together as a family. I decided last year that I wanted to finally make the step and enroll in University. I chose to study Bachelor of Business majoring in Accounting because I have always had an interest in accounting and finances. I believe accounting for me can be a career which I can work hard at and achieve something I can be proud of and one that if I do well I can become someone that has great responsibility and value in the workplace. As well as deciding to study, I changed my employment after 11 years working at a pathology company as a Phlebotomist. I had been looking for a new job for some time but was finally given the opportunity to work as an administration officer for a local non-for-profit company. I wanted a career that I could build on and “climb the ladder” as such. Working as a phlebotomist, although was very interesting, rewarding and I meet a lot of different people, I was stuck with no where to go. Although there is only so far I can go as an admin officer, I believe it can be a great step towards my end goal of being an accountant. Although a part of me wished I did take the step to go to university years ago I believe I have the maturity to really succeed at my studies. I am lucky enough to have great support around me with my husband, friends and family always encouraging me and going along with me in my journey. Now both Shaun and I together are starting new career paths, with me changing jobs and studying and Shaun just starting his electrical apprenticeship as a mature age apprentice. Things are definitely on the up for us as a family, although it will take some time, hard work and sacrifices, in a couple years time we will have put our family into a great position that we can both be proud of. Hope you have enjoyed getting to know me, I can’t wait to read about some of you! Thanks for reading Mel

4 thoughts on “Step 3”

  1. Hi Mel
    I like how you have summaries your company’s financials. I might be able to help out and give you some info of what I know about the company. My family is in agriculture has been for over 40 years and we used to purchase some of their products for our farms. As for the increase in profits you said, it may have something to do when the government brought i the reef regulations for farmers. This is that all farmers need to document what fertiliser and chemicals and how much is put on their crops. It does get audited and can get into trouble if too much fertiliser is put on. Farmers need to take soil sample’s first and then only put on fertiliser nutrients based on that soil sample. Therefore your company had to adapt and change some of their products based on this new regulation. Also around 2017-2018 there was new competitors entering into the fertiliser field with similar products but at a cheaper price so it gave farmers the opportunity to look and try other products.

    Hope that helps a little.
    All in all I like how you presented your company.

    If there is anything else I can help with let me know. 🙂

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