Part 1 Reflective learning journal 

Assessment criteria:

The reflective learning journal will be assessed based on the following criteria:

1. You need to demonstrate critical engagement with the subject matter including (but not limited to):

• Progressively build up a list of definitions, equations, formulas etc. that need to be memorised and be aware of which will be helpful when recording day-to-day business operations. You can provide explanations of accounting concepts in your own words.

• You can prepare a summary of the knowledge and skills you are developing from topic totopic.Yoursummaryshoulddemonstrateadegreeofsynthesisandintegration

rather than being just a list of points.

2. You should demonstrate active engagement in learning experiences and activities undertaken, demonstrating the application of accounting principles to practice and/or reinforcement of technical skills.

• Evidence of self- evaluation through progressive assessment tasks (such as practice quiz, weekly exercises or other exercises) completed, how you could have improved your results in quizzes, and in the weekly exercises, and how you plan to make best use of feedback provided for future practices.

3. You can make meaningful reflections on the progressive learning experiences, showing how the results of your reflection on learning in earlier topics improved your learning in later topics. Self-evaluations can be a critical part of your learning journey. It is designed to give you the opportunity to reflect and comment on the way you approach assessments, such as quizzes and other tasks.

4. You thoughts and comments should be integrated and should be expressed clearly and concisely.

Content:

You can choose to reflect on one particular topic that you are interested, such as cash management.

The topics covering in the reflective learning journal may include, but should not be limited to:

• Double entry accounting, accounting equation, accounting cycle, adjusted trial balance, the use of special journals or subsidiary ledgers, sales and purchases transactions, perpetual and periodic inventory system, inventory costing methods, inventory valuation, internal control, cash management and budgeting, receivables and doubtful debts management.

A list of thought questions:

• What am I learning in this week and why am I learning it?

• How am I learning in this topic and how am I using what I am learning?

• How can I overcome my learning weaknesses and build on my strengths in this topic?

• What are my greatest challenges as a learner, and why?

• How can I improve my learning process?

• What different skills are needed for different components of my learning in this topic? 

• How can I use the feedback from my weekly tasks to improve my learning?

• How are different parts of my learning connected?

• How is my learning in this topic affected by my learning (or lack of learning) in earlier topics?

• How well am I achieving my goals in this topic?

• How are my attitudes and ideas changing through the learning process?

• What are my strategies for achieving my goals and ambitions, and for overcoming my identified weaknesses in learning this unit?