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The purpose of this reflective learning journal is to record and analyse your experiences of learning as both a process and a product. In your journal you will need to document your thoughts and provide information about what you are learning, how you are learning and your reflections on what you have learned about accounting concepts and principles. You also need to demonstrate your understanding of the Australian Conceptual Framework for accounting standard setting and in business practices.
This assessment includes two parts.
Part 1 Reflective learning journal 15% 1000 words
Part 2 Essay 15% 1000 words
Part 1
Reflective learning journal
Assessment criteria: The reflective learning journal will be assessed based on the following criteria: 1. You need to demonstrate critical engagement with the subject matter including (but not limited to):
o You should progressively build up an accounting glossary or list of terms used in this unit. You can provide explanations of accounting concepts in your own words.
o Progressively build up a list of definitions, equations, formulas etc. that need to be memorised and be aware of which will be helpful when recording day to day business operations.
o You can prepare a summary of the knowledge and skills you are developing from topic to topic. Your summary should demonstrate a degree of synthesis and integration rather than being just a list of points.
o You should show evidence of learning activities undertaken, demonstrating the application of accounting principles to practice and/or reinforcement of technical skills.
2. You should demonstrate active engagement in learning experiences. This can include: self-evaluation of progressive assessment tasks completed, how you feel you could have improved your results in quizzes, and in the self-test questions, and how you plan to make best use of feedback provided for future practices.
3. You can make meaningful reflections on the progressive learning experience, showing how the results of your reflection on learning in earlier topics improved your learning in later topics. Self-evaluation is designed to give you the opportunity to reflect and comment on the way you approach assessments, such as quizzes. Self-evaluations can be a critical part of your learning journey.
4. You thoughts and comments should be integrated and should be expressed clearly and concisely. Content: You should cover the learning materials introduced in weeks 2-6. However, you don’t have to cover every topic. You can choose to reflect on one particular topic that you are interested, such as cash management. The topics covering in the reflective learning journal should include, but should not be limited to:
double entry accounting, accounting equation, accounting cycle, adjusted trial balance, the use of special journals or subsidiary ledgers, sales and purchases transactions, perpetual and periodic inventory system, inventory costing methods, inventory valuation, internal control, cash management and budgeting, receivables and doubtful debts management.
A list of thought questions:
o.What am I learning in this unit and why am I learning it?
o How am I learning in this unit and how am I using what I am learning?
o What are my priorities as a learner in this unit?
o How can I overcome my learning weaknesses and build on my strengths in this unit? o What are my greatest challenges as a learner in accounting, and why?
o What different skills are needed for different components of my learning in accounting? o How can I use the feedback from my assessment tasks to improve my learning?
o How are different parts of my learning connected?
o How is my learning in this topic affected by my learning (or lack of learning) in earlier topics?
o How well am I achieving my goals in accounting?
o How can I improve my learning process?
o How are my attitudes and ideas changing through the learning process?
o What are my strategies for achieving my goals and ambitions, and for overcoming my identified weaknesses in learning this unit?
Reference: If there are any references used in the reflective learning journal, the references should follow Harvard Referencing Style.
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