Miss ConGeNiaLity's Chronicles

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Monday, February 25, 2008

:: Haha... ::

Sunday was a mad day, so to speak. Waking up 6am in the morning is only the 1st issue. Having choir rehearsals is just the 2nd issue. Having stomaches was the 3rd issue upon the 1st, as I rushed down my Lau Mai Gai for breakfast. The horror only came at Lunch.

I agreed with Clare to have lunch together the following Sunday, so we went to Thomson PLaza yesterday. As I was in the midst of preparing for my internship interviews, I took out my research papers on the 2 companies I've chosen. They include annual reports and market explores on them. I merely chucked them on the tables while I go and purchase my food. Hence, to have sat right beside Kevin (Clare's husband), was just so wrong. hahaha..

Clare started speaking to Ellen about her job and so and so.. In between, I felt the intensity of a "business talk" among the older adults. I was kinda left out and felt alittle uneasy. Was thinking to myself, will I be speaking in that manner when I eventually work?

Shortly after the business talk. Kevin began asking me about those research papers he saw. There began his questions firstly on my syllabus; Clare says he wants to be a career advisor. haha. Then he said he wanted to test me, since I was preparing for my intern interview. He began asking me on my companies' profiles and business trades. Luckily I could vaguely recall something to say. haha. Leeden does welding, etc. After a moment, he began asking me an accounting question, and he claimed he was testing me just in case my interview includes such a question. I was so shocked by the very question:

Under FRS 39, Recognition & Measurement, what's the difference between the Fair Value under the P&L and Valuation of Equity?

*Freeze

*Froze

*Stunned for words?

Next thing I did was, "what was the question again?". And I placed my head on the table. Then I think I really didn't touch on that topic at all. Maybe it's in Financial Mgt or Mgt Accounting which I'd only do next year. After reseacrching from iasb.gov.sg about FRS39 which was also IAS39, I still can't answer. *Faints

After lunch, we decided to proceed to YaKun for a drink. However, the terror didn't cease! As we sat down, Kevin continued his questions. huh?? 放过我吧! This time his question doesn't seem so difficult. He asked:

What's included in an Equity valuation?

I just merely repeat whatever I usually see in the Balance Sheet. haha. Share capital, share premium, etc. Then just decided to show him the company's annual report. haha.

When Clare saw my research papers, she took alook at it. Then also asked..haha! She asked if I touched on DCF. I was appalled, as I didn't know what's that. There she showed me on my papers, "Discounted Cash Flows". I think I was too tired to think or recall. I studied in PBF, but I just replied I don't know. haha. Then she began telling me about each year, where you discount the values to find its PV till the ending period. haha.. Then a sudden exclaimation, "Yes Yes!! I learnt that last year". haha!!

It was so funny at one point where both Clare and Kevin seems to fight over to question me. Till Kevin overtook Clare. haha. Poor Clare. Kevin was like a machine-gun, bang bang many questions. Clare just merely asked little by little. haha.

After leaving Thomson Plaza, I felt that I needed to brush up so much more. Mr. James Kwan is enough to kill me already. However, can you imagine after stepping into my commercial world, questions that Clare and Kevin asked would become historical or so much lesser than what it would actually be?

Brush up!! I don't want my studies to become an impairment loss to be written off. *sobs.

posted at [11:36 PM]

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Intro

Thank you to all who visits my blog!! My entries would be a mirror of my life stories. Some of the entries might not sound edifying. However, at the end of the day, He'll bring good.
If you're looking for one with a "perfect" life, you'd be disappointed. I'm still human afterall, living in the imperfect earth and imperfect market.
My email: servantgrace777@gmail.com

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