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Day 4 Sao Paulo: Explain to a lay person what an asset stripper is and why asset
stripping is done.

 An asset stripper is someone who purchases a company with the intention of

dividing it up into its parts to sell or liquidate it for profit.
 ‘’corporate raider’’
 These entities generally review whether a target firm is more valuable as a
whole or whether they can make more money by dividing up the parts.
 Companies that are purchased by asset strippers are normally undervalued -
they sell at a price much lower than their true value.
 Stripped assets may include real estate, equipment, and intellectual
property -all of which may end up being more valuable than the company
itself after factoring in economic conditions and the company's management
 Asset strippers may sell some or all of the acquired firm's assets immediately
while keeping others to sell at a future date.

Companies whose market value is below its book value are prime targets for asset
stripping. It is more likely to occur during poor economic conditions (where
companies would be valued lower than they would be in normal economic conditions)
or to companies with a poor management team (where a poor management team
would depress the company’s market value).

The benefits of asset stripping generally go to the corporate raiders, who can slash
the debts they may have whilst improving their net worth. However, since asset
stripping often results in thousands of employees losing their jobs without much
consideration of the consequences to the affected community, the concept can be
unpopular in the public sphere.

Day 7 Prague: Explain some of the difficulties of purchasing accountancy software.

Certain problems and disadvantages are worth considering if you are looking to use
accounting software in your business. For example:

 Price - the package cost, although small in relation to your other costs, is
higher than a paper-based system.
 Implementation - manual accounts are generally easier to set up and can be
more flexible than computerized accounting. You will probably need some
initial help setting up accounting software. Your accountant or system provider
will usually charge you for this service.
 Support - you may need to purchase yearly maintenance and support for your
package.
  Specialized needs - an accounts package will typically suit most types of
business. However, specialist businesses may need to refine the package or
change their processes to use accounting software successfully.
Enterprise software usually has thousands of requirements, and the magnitude of
the software selection task is often severely underestimated. When requirements are
missed in the initial analysis phase, they are discovered during implementation. This
discovery triggers meetings to decide how important the requirements are, and what
must be done about them. Discovering too many “new” requirements causes
implementation nightmares that take much longer than originally planned.

Where would you like to be in five years’ time?

When I’m done here with my bachelor’s degree, I’d like to move abroad to study my
master’s degree in another country – most likely France to also improve my language
skills. So, hopefully in five years’ time I’ll be done with that, and I’ll be working for an
international company with good prospects of promotion and lucrative salary.

What other qualifications would you like to gain?

I’d like to learn a few useful skills that will improve my CV. Mainly data analysis,
blockchain, basic understanding of computer science and coding. But also, maybe
more advanced accounting and photoshop and video editing for fun.

What is the most/least interesting part of your job(studies)?

The most interesting is meeting other people and seeing their perspective on certain
topics, being in a new environment where everything is different, and I have to adjust
to a new way of living.
Least noteworthy is the subject of math. I despise it and think it’s meaningless for us
to learn it.

Blockchain is a way of storing valuable information across a system in which

each computer stores a record.

In non-computer speak, it’s simply that information is shared and duplicated

across a system, making it harder to compromise, versus the model of storing
information on a server that each computer accesses. Each computer has a
record of any transactions, which makes it way safer than a centralized server.