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Test your knowledge of the General Journal
Published December 1, 2011 Accounting , Business Studies Leave a CommentTags: flash, general journal, test
What are bonds?
Published November 14, 2011 Accounting , Business , Business Studies , Economics , Personal Finance , Stock Market Leave a CommentTags: bonds, guide
There has been a lot in the news recently about “bonds” and “bond yields”.
The following is an article from the Sunday Business Post that explains what these are.
What is a bond?
A bond is a unit of debt. The bonds we’re all talking about these days are sovereign bonds, or units of government debt. But companies sell them too.
It’s just a contract by which an investor agrees to loan money to a company or government in exchange for a predetermined interest rate and generally for a predetermined period of time (two years, five years, ten years).
Why is it bad when bonds rise?
When we say a bond has risen, we mean the yield – or interest rate – on that bond has risen. Effectively yields and prices move in the opposite direction. A rising bond yield is a falling bond price.
As yields rise, it indicates investors won’t buy that country’s debt unless they get a better return. The higher the level of risk they perceive to their investment , the higher the interest rate which investors demand.
Right now investors fear that if they lend to Italy they may eventually not get all their money back – so they are demanding a higher interest rate to compensate for this perceived risk.
Right. And seven per cent is a high yield is it?
Yes it’s very high, particularly when a German bond is yielding two per cent, which means investors want a five per cent premium from Italy (this is an enormous gap in sovereign debt terms).When yields in Ireland and Portugal hit that level, it was time for a bailout.
OK, so why doesn’t Italy just stop selling bonds for a while until it all blows over?
It might have to, but then it has to worry about how to pay its bills. It needs to repay some maturing bonds later this year and has to raise a hefty €300 billion in 2012.The EU/IMF could offer funds to Italy – but they probably do not have enough in the kitty to bail Italy out for a period of years, as they have done with Ireland, Greece and Portugal.
The full article is available here.
CIMA/BSTAI Business Studies Quiz
Published November 9, 2011 Business Studies Leave a CommentTags: bstai, cima, nuig, quiz
Well done to our two teams from Junior Certificate Business Studies who took part in the CIMA/BSTAI Junior Certificate Business Studies Quiz in NUIG recently.
Over 30 teams took part in the quiz from the Connacht region. We did well in the quiz considering it was our first time participating – 8th and 11th place. Both our teams were in joint 4th place mid-way through the quiz.
It was a very enjoyable evening.
Our teams were:
Team A: Conor McDonnell, Conor Quinn, Seán Tobin and Shane McCormick.
Team B: Michael Loftus, John Armstrong, Ammár Janjua and David Glynn.
Here’s a video from the quiz:
More photos from the quiz are on the NUIG – J.E. Cairnes School of Business & Economics Facebook page…
Local Entrepreneur visits LC Business
Published November 7, 2011 Business Leave a CommentTags: Business, cafe rua, enterprise, entrepreneur, rua
Aaron McMahon speaking to LC Business
By Micheal Lavelle
On 7th of November, local entrepreneur Aaron Mc Mahon came to visit our Leaving Certificate Business class to tell us about his business Rua. Here is my review of how the visit went.
Aaron’s Mother set the business up 16 years ago and originally named it Café Rouge. Once Aaron and his sister took over they decided to change the name to Rua.
Aaron told us that dedication and hard work is essential to be a successful entrepreneur. He presented us with 12 essential points from his past experience which he found essential to help him succeed. The point I found most interesting and important was “that the customer is king”. Without customers the business will not function and ultimately fail. I found Aaron’s visit very helpful for helping me with my Leaving Cert Business and future predicaments.
Aaron McMahon and a student from LC Business
5th Year Accounting
Published October 28, 2011 Accounting Leave a CommentTags: accounting, club accounts, solution, test
Here is the solution to your mid-term test.
Did your Balance Sheet balance?
Any questions – add them to the Comments or email mrhannon [at] geralds [dot] ie
4A4 Stock Competition Winner!
Published October 28, 2011 Stock Market Leave a CommentTags: competition, shares, stocks, ty, winner
Congrats to Robert Comer (4A4) on winning the Stock Competition in Module 1 with a total profit of $133,779 (a return of 13.78% in just 6 weeks).
There were some big changes on the leaderboard in the last few days of trading due to volatility in world stock markets.
In order to see how well you have done, you can compare your total return to the Dow Jones Industrial Average. Our competition started on 15/09 and ended on 27/10. During that period, the Dow Jones increased by 8.55%
You should compare your percentage total return to this 8.55%. Both Robert and Ronan Jennings had a total return that beat the Dow Jones. The majority of professional traders do not achieve this!
I hope you enjoyed the module. There will be a school Stock Competition next term (with prizes for 1st, 2nd and 3rd), so keep checking sgcbusiness.com for more details.
What did you think of the stock competition? Post your opinions in the Comments section on this post.
How to balance a T account
Published October 18, 2011 Accounting , Business Studies 3 CommentsTags: account, accounting, balance, bookkeeping, ledger
Words of wisdom from the late Steve Jobs
Published October 6, 2011 Accounting , Business , Business Studies , Economics , Personal Finance , Stock Market 5 CommentsTags: apple, jobs, speech, stanford, steve
Worth watching.
Here is a short presentation about the Balance Sheet of a business or club.
You should also listen to the following podcast about a UK company (manufacturer of rowing equipment) preparing their Balance Sheet at the end of their financial year.
Test your knowledge of the Final Accounts…
Take a look at Manchester United’s Balance Sheet from 2004. The Balance Sheet is a PDF file.
Now that you have covered all of the section on Business Documents, you should test your knowledge.
You can also do a quick revision of Business Documents and take a quiz on skoool.ie – scroll down to the bottom of the page. There are two parts to the Business Documents question.
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