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KCQ 1: Exploring Different Types of Costs for the First Time Chapter 8 introduced me to a more detailed way of thinking about costs in decision-making, particularly concepts such as relevant costs, opportunity costs, and sunk costs. It was not that I found this section difficult to understand, but rather that it was an area I had never really explored before. Although I had heard the term sunk cost in the past, I realised while reading that I had never stopped to think about

This learning task required me to move beyond simply recording figures in a spreadsheet and instead engage more deeply with what each line item in the financial statements actually represents. By classifying items in the Income Statement and Balance Sheet as either Operating or Financial, I was encouraged to slow down and consider how the firm generates value, how it funds its operations, and how those activities are reflected in the financial statements. At first, the task f

To complete this step, I identified three accommodation products offered across the Millennium & Copthorne Hotels portfolio, representing different positioning levels: Luxury, Premium and Comfortable. To ensure consistency and comparability, I used the same stay parameters for each product: 24–27 April 2026 (three nights), two adults and two children (aged 5 and 10 years), and average per room per night non-member rates. As actual variable cost data is not publicly disclosed

Millennium & Copthorne Hotels is considering an expansion of its accommodation offerings to Australia. In order to do this, they are considering two investments: opening a new Premium: Grand Millennium Hotel in Sydney, NSW, and/or opening a new Comfortable: Copthorne Accommodation in Townsville, Qld. Currently there are no Millennium & Copthorne Hotels in Australia. Millennium & Copthorne Hotels would sell the buildings to another investor should the business close. There wou

This ratio analysis provides a useful snapshot of Millennium & Copthorne Hotels Limited’s performance over the four years ended 31 December 2021 to 2024. While ratios do not tell the full story on their own, reviewing them collectively helps make sense of how the business has been operating, how it has changed over time, and what this might mean for future decision-making. Profitability Ratios The gross profit margin has steadily improved from 52.8% in 2021 to 60.0% in 2024,

KCQ 1 – Cost objects as a way of making sense of the business The idea of cost objects stood out to me early in the chapter because it reframed how I think about costs in a business. I had previously thought of costs as something that simply exist, rather than something that needs to be actively connected to parts of the organisation. The fridge magnet analogy made the concept easy to visualise, but it also highlighted how misleading cost information can be if costs are attac

This post contains my draft for Assessment 1. This has been the longest and most challenging assessment I have completed so far, and one that pushed me well outside my comfort zone. From learning new concepts to creating and managing a blog for the first time, this task required persistence, reflection and a lot of problem solving. While it was difficult at times, I am proud of what I have produced and of the learning that has come from the process.

KCQ 1 – The Accounting Equation as a Way of Organising Thinking The accounting equation was one of the few concepts in these chapters that made me stop and reread the page more than once. Assets = liabilities + equity is something I have seen before, but I had never really understood it beyond a rule that had to be followed. This time, it felt different. I began to see the equation as a way of organising how a business exists rather than something that sits in a textbook. Eve

ACCT11059:Shelly's Blog https://shellywilliams68984a5875-gytil.wordpress.com/ I really enjoyed reading your blog because your learning journey mirrors my own so closely. Starting with a Cert III through local council, progressing to a Diploma and now undertaking a Bachelor degree is exactly the same pathway I have followed. It was refreshing and encouraging to see someone else reflect on the value of building skills step by step while balancing work and study. Your story rein

The company that I have been assigned is My Millenium           The website link is https://www.millenniumhotels.com/   My personal blog website is https://sallyvico1.wixsite.com/my-learning-journey   A link to my company’s annual reports: https://www.millenniumhotels.com/en/governance-and-corporate-responsibility/financial-info/   2024 Annual Report 2023 Annual Report 2022 Annual Report 2021 Annual Report   Understanding My Company – MyMillennium KCQ 1: What Kind of Busines

KCQ 1 – Accounting as a Way of Seeing a Business As I read the Introduction and Chapter 1, the biggest shift in my thinking came from seeing accounting described as a way of understanding a business rather than just recording numbers. For most of my life, accounting felt mechanical. In high school I memorised templates without ever grasping why they were structured that way, and later when I worked in data entry, I could complete tasks but never understood how the entries con

A Little About Me Hello and welcome to my blog. My name is Sally Vico, and I’m excited to share this space as part of my Bachelor of Business studies with CQUniversity. Creating a blog is something I never expected to do, yet here I am, diving into new ways of learning, reflecting and connecting with others. My favourite people, my greatest motivation. The crew who cheer me on through study, work and everything in between. My Professional Background My career has been shaped

There is something special about standing behind a podium at a school event. It is not the microphone or the stage lights or even the formal setting. It is the faces in the audience. Students looking up, curious, hopeful, unsure, excited, all at different stages of discovering who they are and who they might become. This photo captures a moment where I was reminded why showing up matters. Not just as a speaker, but as a role model. As adults, we often underestimate the impact

There are days when life feels like a perfectly organised calendar, and then there are days when it feels like I am holding everything together with a hair tie and a prayer. This photo captures one of the rare moments where I stopped, took a breath and reminded myself that balance is not something we find once. It is something we create over and over again. Study, work, life… and a little sunshine to keep it all together. Juggling the Roles We Choose and the Ones That Choose