Lesson 4
Dear Teni,
Thank you for your fourth message. My comments and corrections follow.
Sincerely,
Prof. Sue Garreis
Dear Prof. Susan Garreis
Hello
Thank you for your reply and your corrections.
Taking the train would have been more expensive than driving.
-> So this is very convenient when traveling by car.
> Very convenient! I listened to the radio all the way up and back. I kept up with the news that way.
So I drove ninety minutes one way to get to and from my job.
-> So I think you will be very tired.
> No, I wasn't tired. I love to drive, so that helps a lot. When I travelled it was not rush hour usually, so that helped a tremendous amount. The roads were wide with three or four lanes in each direction and with limited exit and entrance points. We call that type of highway an interstate. They are very easy to drive. I enjoyed the drives most days.
That is a typical American experience.
-> Thank you for teaching me about America.
> You are most welcome. I hope you learn about American culture and accounting in this course.
That's a nice time of year to visit. Here in the mid-Atlantic part of the US it is cold and there is often snow at Christmas. What is the weather like at your home when you make your Christmas visit?
-> Southern Vietnam has two seasons: sunny and rainy. 6 months of sunny and 6 months of rainy. At Christmas, it is rainy.
> My goodness! Here in the mid-Atlantic we have four seasons: spring, summer, fall and winter. Spring has warming temperatures and the flowers and trees started to bud. There is often rain in the spring, but you would say it is mild. In the summer, temperatures get hot and the humidity gets high. But you would say, "Not so bad." The gardens grow their best then, offering delicious fruit, vegetables and flowers for three or more months. In the fall, temperatures begin to cool, the humidity drops and it is final harvest time. I love the fall best. The trees turn beautiful colors. In the winter, temperatures can drop very low. We get rain or snow, followed by ice that freezes overnight. Driving can be very hazardous. The trees are bare and the gardens empty.
It is very big. There are many degree programs offered. It has a school of law and a school of medicine. There are twenty-six thousand undergraduates and ten thousand graduate students.
-> Wow!!! That sounds wonderful!!!
I hope you get the chance someday. You play baseball?
-> Thank you. I've never played baseball yet.
Can you tell me what made the homework very hard? Are the links hard to get to? Is the translation of the pages hard? Thanks for your input.
-> Homework is eassy but the translation from English to Japanese is difficult for me, because English and Japanese are foreign language.
> Would you prefer that I use simpler English? Or do you like a big challenge? Congratulations to you for working in two foreign languages at the same time!
With best wishes
Nguyen Hung Thien
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<Homework>
1. Does Japan's Securities and Exchange Surveillance Commission have a website? What is its URL?
-> Yes, It does. Website: http://www.fsa.go.jp/sesc/
> Thank you.
2. Name one way the NYSE is different from Japan's TSE.
-> The NYSE is the largest American stock exchange.
> Thank you.
3.A. How many companies listed on the NYSE Euronext are from Japan?
-> There are 15 companies listed on the NYSE Euronext from Japan.
> Thank you.
3.B. How many companies listed on the TSE are foreign?
-> There are 10 foreign companies listed on the TSE.
> Thank you.
4. In yen, what is NTT's operating income for the year ended March 31, 2013?
-> NTT's operating income for the year is 1,201,968,000,000 yen.
> Correct.
5.A. What financial information does McDonald's of Japan have at its website?
-> McDonald’s of Japan has balance sheet, income statement, statement of cash flows
http://www.mcd-holdings.co.jp/financial/balanceseat/01.html
> Thank you, especially for the link.
5.B. Is there more financial information at McDonald's of Japan or at McDonald's USA site? Or is the information about the same?
-> McDonald's USA, because it has much more information than McDonald's Japan.
> Thank you.
5.C. Have you ever eaten at McDonald's? What did you eat? Did you like the food?
-> Yes, I have. But not often because fried food is unhealthy.
> Yes, it certainly is! One look at Americans walking on the street will tell you that. The convenience is hard to beat, though. We are edging toward a little more healthy fast food. Probably not fast enough, though.
6. How does the flow of accounting information over the Internet help corporations and investors?
-> The Internet can find information on companies easy and direct.
> Yes. This helps people make better business decisions.
7. How easy was this lesson for you?
-> The accounting was: Somewhat hard.
The English was: Somewhat hard.
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This week I went to a Farmers' Market. It is place where farmers come in the spring and summer to sell their produce, plants, and breads. City people do not often have time or space for a garden, but we still want the delicious garden food. Farmers' markets are very popular now. I'm lucky there a farmers' market near my home. We still have large grocery stores, of course. The produce tastes best when it has recently been harvested, though.
Have you been to a farmers' market in Japan?
This week the lesson is the first of two. We discuss the balance sheet, the first financial statement for the next two weeks. There are also two balance sheets attached to the email. You will need them for the lesson and the homework.
