Experience Doing Assignment

My name is Chan Sze Theng. My friends usually call me Michelle. I study in Taylor's University Lakeside Campus in Bachelor of Arts (Honour) Accounting and Finance Course. My student id is 0313854. This group assignment I have grouped with another two members which are Yung Wern and Wen Yi.

During the process of doing this assignment, we have faced a lot of problems. This is due to the reason that the basic that we have are not strong enough. Therefore, it takes a long time for us to complete this assignment. During the period that we do our assignment, we have tried to consult our tutors and lecture and even find our coursemates to teach us how to do the assignment. Furthermore, even when semester break all of the group member also spend some times came back to campus to do this assignment. I was so happy to have this group assignment even though we meet a lot of problems, but it also let me gain and enhanced a lot of knowledge that I have lack off. 

Knowledge Learn from Assignment

The first knowledge that I had learnt well doing this assignment is Allocation Production Overheads. I have learned this before in the class but not really understand how it works. However, after doing this assignment, it has enhanced the knowledge of this part to me. For instance, in the part of allocation there have two particulars are not relate to the production overheads such as Marketing expenses and Office Administration Expenses. This is because both of these particulars are not involve in the process of the production. 

Next, the second knowledge that I have learnt is in the reallocation part, it let me know more about the differences between different method of allocation like direct method, step-down method and reciprocal method. For example, the method that we are required to use in the assignment is step-down method and it is a method that Allocates support costs to other support departments and to operating departments that partially recognizes the mutual services provided among all support departments.