Financial Accounting is one class that I enjoyed the most over the past three weeks. We were taught accounting concepts by Professor. Raghu Iyer. He is one of the best teachers I have ever learnt under. He explains in a way the brain can easily assimilate. The necessity of this method would be understood by anyone who has worked for quite some time and then comes back to college. Concepts I have learnt in this course include the preparation, interpretation, and analysis of financial statements — the Balance Sheet, the Income Statement, and the Statement of Cash Flows.

As an assignment I (in fact we, because it’s a group work) need to complete the following by May 23, 2006:

An industry write-up and financial ratio analysis for Gujarat Ambuja Cements vs. Associated Cement Companies, MTNL vs. VSNL, and Ranbaxy vs. Wockhardt. This should be a good application of the concepts learnt in class. I have already computed the ratios. That’s the easy part. The difficult part comes next.

On the other hand, Macro Economics classes started and ended. My brain is still where it was before the classes started!