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November 3, 2008

As one of my professor's recommendation,  I thought the Elkhorn Slough just a ideal place for my family to relax during this weekend.
Unfortunately the sky is cloudy and grey this morning, and it just began to rain while we set off.


 The map of direction
The public access to this reserve are limited to the the reserve center, the Moss Landing Harbar, and the Kirby Park.
Since the weather prohited us from visiting the scenic trails, we followed the Elkhorn road and went to the Kirby park. It was actually a parking lot, extending to the heart of the slough. Thare were a widely diverstiy of wildlife we could watch there.
Later we moved on toward the Moss Landing Harber, where the tour guide reported sea otters presented.
More birds, and some sea otters playing on the sea, you could easily catched a couple of pictures that sea otters swam and played, and thieir heads surfaced looking around.

Finally we arrived the other side of the harber. Some people were fishing on the rocks, though the waves seeemed severely dangerous.
Next time we will visit this pretty reserve again, in a gorgeous sunny day.


October 30, 2008

The Carmel Mission


As the accounting class continues moving on, I gradually realize the purpose of this class. At beginning, we were oriented toward the world of finance, particularly the past records, namely the financial statements of businesses.
Later, the class moved to the discussion of various businesses, such as merchandising and manufacturing companies. Since the class is designed for non-MBA students, this part just provided adequate knowledge to ensure students to understand the fundermentals of business in the real world.
Now the subject has focused on the interesting part of financial statements, probably the most useful component of financial studies--analysis based on the financial statements.


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October 30, 2008


Some of the components used for the evaluation of interpretation are listed below:

Delivery of interpretation
Is it too fast, well-paced, or too slow?
Is the delivery convincing, a little reserved, or uncertain?

Style of interpretation
Is the voice quality pleasant, normal, or not pleasing at all?
Is the interpreter's voice clear, normal, or unclear?
How about the pauses? Are there a lot or just few?
How about the registers? Too informal, acceptable, just right, or too formal?

Contents/Mistakes/Errors
According to the performance, carefully examine the interpreter's delivery.

Fluency
Did the interpreter use lots of fillers?
Did he or she back translate?

Pronouncation/Grammar
Are the expressions grammatically correct? Sounds naturally? And the prouncation easily understand?

Terminology
Are buzz words and terms delivered correctly?

Conciseness
Did the interpreter's delivery prove lengthy? Any redundancy? Or he or she crave to simplify the complicated information?

Eye contact
Maintain adequate eye contacts, neither staring or showing indifferent.




October 22, 2008
←Monterey Bay Coastal Trail

Without cash, companies hardly survive.
Interest (cash) received should be attributed to operating activities in Statement of Cash Flow.
While justifying the appropriate categories of S/C--operating, financing, and investing, generally speaking, we should review the income statement first, focusing on the cash received and cash paid.
Items reported in the Income Statement, its cash flow should go to 'operating activities.' For example, interest revenue, dividend revenue (other companies' shares), rent revenue (land, buildings, and equipment), and interest expense.
Besides dividends, a exception easy to get confused is sales of long-term assets. Though it is reported in income statement, but the corresponding cash should be put into 'investing activities.'
Investing activities include buying and selling long-term assets.
Financing activities consist of issuing stock, dividends, bonds, and the treasury stocks (buy back the company's stocks). 



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October 16, 2008
Sarbanes-Oxley not only requires companies to maintain strong and effective internal controls, but it also requires companies and their independent accountants to report on the effectiveness of the company's internal controls.
Theese reports are required to be filed with the company's annual 10-K report with the Securities and Exchange Commission.

Objective of internal control:
(1)assets are safeguarded and used for business purposes
(2)business information is accurate
(3)employee comply with laws and regulations








Five elements of internal controls:
(1)the control environment
(2)risk accessment
(3) control procedures
(4)monitoring
(5)information and communications

October 16, 2008

A business must finance its operations through either debt or equity.
Debt financing includes all liabilities owed by a class, including both current and long-term liabilities.

Liabilities includes accounts payable, notes, and bonds. While accounts payable normally do not include interest payments, notes and bonds require that interest be paid periodically.


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October 10, 2008

1. Visit all listed websites and learn something about 'complexity' from the resources.
All documents have been downloaded and accesssed, but I still need time to digest all of them.




2. Describe what you believe are the top 10 factors that cause the most complexity in organizations (1 page maximum)

My answer:
1. People
Different personality and characteristics stemmed from discrete human beings poses a significant challenge to the leaders and managers.
2. Budget limit
Available money in the organization is always limited in terms of a certain extent. How to acquire and seize the enough financial support is definitely a major issue in the manager's priority list.
3. Clients
Since clients justify the outcome of the projects, their satisfication should be bear in mind as well.
4. Culture
Culture gap is not only as regards the difference of tradition, customs, and life styles, to name a few, between different countries, but also emerges domestically from the organization itself.
5. Urgency
No matter you work actively or make no progess at all, the clock is always ticking. Generally speaking, most of projects will be sett up on a basis of limited time, so project managers should focus on accomplishing all designed tasks and ensuring the outcome accepted within the allotted time.
6. People skills
Well-trained, highly-skilled specialists usually take less time to identify, evaluate, design, and improve the products required by the project. Without their expertise, it is difficult to facilitate the process that ensures works done on time.
7. Political and economic conditions
Uneasy conditions, especially from the political and economic aspects, will hamper the advance of projects, or even eliminate the chance of success in the projects in the foreseeable future.
8. Access to essential database
Most projects demand new designs and products, which usually heavily rely on innovative thinking and ideas to realize. Without sufficient accesses to required information, especially some confidential or protected data, the project is likely to reach a bottleneck, thus slows down its planned schedule, and even consequently result in a unfortunate outcome.
9. Bureaucracy
Multi-tiers governments and less responsive cross-agency communications in some countries reflect a burden in pursuit of the success of projects.
10. Infrastructure

In combination of professional and financial capital, sufficient software and hardware support are also keys to ensure the implementation of a well-designed project.


October 9, 2008
Before the arriving of the second session, I had better summarize and review most of the class material presented in the previous class.

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October 7, 2008

 
Before you take interpretation offer, usually the organizer or the responsible agency will sak you to sign a confidentiality agreement.
The arrangement will not always perfect, and the information will not come up to you either. To best get all the information in advance, you should put on student hat atop your head and consult your clients politely and humbly, also act low-profile as well.
As regards the information, assure you have got the right channel.
Find your means and ways in order to persuade your clients or organizer to provide information for "their" better understanding. 


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October 6, 2008


This cool picture was taken in fornt of Big Sur beach.
----------------------------------------------------
TM=Workbench
Editor= MS word, Tag Editor

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MT= Multiterm---> .mdb--->load

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Excel file (usually you create for your glossary) ---> MT convert----> .mdb & .wml

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