Bushra Sikandar

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My First Post: How I Set Up My Blog as an ICT Assignment

Introduction I set up this blog as part of my ICT course assignment in semester 3. The task was to create and maintain a blog documenting my university work. I chose Blogger because it was free and straightforward to use. The whole setup took a few hours, and I learned more about how blogging platforms work than I expected. Background When I started, I didn't know much about Blogger beyond the fact that it existed. I created the account, chose a theme called Emporio Porcelain, and began customizing the layout. I added pages like Home, About Me, and Contact. I also set up labels to organize posts by semester and course. The assignment asked me to create a blog. So I document my university coursework, and I made sure the blog description clearly stated that. I also set up a privacy policy and terms of use pages using a free template generator, even though I'm not sure anyone will read them yet. Key Points Created a Blogger account and linked to a Google account for settings acce...

Financial Statement Analysis — Mistakes I Made in My Assignment

Introduction In my Introduction to Business Finance course this semester, we had to analyze a company's financial statements and calculate ratios. I thought I understood how to do it in class, but when I started the assignment, I made several mistakes. I calculated the ratios correctly, but interpreted them incorrectly. That's when I realized that knowing the formula is not the same as understanding what the result means. Background The first mistake was comparing one year's ratios without context. I calculated the current ratio for 2024 and got 1.8. I thought "higher is better," so I said the company has good liquidity. But I didn't compare it to the previous year. When I looked back, the ratio was 2.1 in 2023. So actually, liquidity got worse, not better. The company couldn't pay its bills as easily in 2024 as it could in 2023. The second mistake was not comparing to the industry. I calculated a debt-to-equity ratio of 1.5 and said the company is highly ...

Understanding the Accounting Cycle and Financial Statements

Introduction In my Financial Accounting class in semester 2, I learned the accounting cycle. This is the process that takes every business transaction from the day it happens, all the way to the financial statements you see at the end. I thought accounting was just calculating numbers, but it's actually a system with clear steps. Understanding the cycle helped me see why businesses keep records the way they do. Background The accounting cycle has eight steps. First, we analyze transactions. This means looking at a business event, such as someone buying equipment or paying an expense, and deciding which accounts are affected. Then we record these transactions in the journal. The journal is where everything gets written down in chronological order with dates and amounts. After recording, we post to the ledger. The ledger groups all transactions by account type. Then comes the trial balance, which checks if our debits equal our credits. If they don't, we find the error. Next, we p...

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