The Statement of Cash Flow is one of four financial statements. In accounting, the statement of cash flow is mainly focused on cash activities. In other words, it determines how changes in the balance sheet accounts and income affect cash. At the end of every business cycle, companies are able to determine the amount of actual cash used and what’s left. The statement of cash flow consists of operating, investing, and financing activities. The operating activities involve sale of goods and services and inventory purchases. On the other hand, the investing and financing activities deal with sale of property, plant, and equipment, and issuance of own stocks, respectively. You can learn more about the statement of cash flow in the Vialogues below.
While researching edtech companies to feature in upcoming EdLab GroundBREAKERS, Seminars and Demo Nights I came across this NYT's article (also featured as a Hi5 pick earlier this month) focused on how TERRIBLE and terribly nondescript educational tech co. names have become. Take for example, QLovi, Noodle, Grockit and others.
This naming issue is potentially interesting for a few reasons... 1) should the end learning goal be more clearly highlighted in a name?
This article by ANAND GIRIDHARADAS looks at two NYC museums who have come to approach digital engagement in very different ways.
What implications do you think the lessons learned from these two museums has for online learning?
After viewing Brian's recent post about the exciting services designed for fall students, our group (Laura, Yudan and me) was inspired and made an experimental Pinterest page for the library orientation (according to an informal survey I did with the student teachers I taught at TC, 18 out of 22 in the class were frequent Pinterest users.) We thought that to have both a digital collection of "bookmarks" and a handy postcard would let (new) students make full use of the library sources. We cannot wait to share our ideas in the Wednesday EdLab seminar.
When you have a business, keeping track of income and expenditures can sometimes be challenging. Normally, people with background knowledge in accounting are responsible for this portion of a business' activity. In accounting, the Cash and Accrual basis are two principle methods of keeping track of a business' income and expenses. Below is a Vialogue illustrating how the two methods work. The cash basis method is the commonly used method as many companies prefer to know where cash is going and coming from. That is, the cash basis states that income is only recognized when actual cash is received, and expenses are recognized when cash is paid. On the contrary, accrual basis states that income is recognized when sale is made, and expenses are recognized when services are provided. Please feel free to ask me any question.
Since I'm on a roll...
DSV teams are gearing up for a big fall, cooking up many new elements for our education program, and rethinking recurring ones. If you've missed all of our weekly DSV workshops (held every Tuesday at 11am, of course), this post is for you! Here’s the lowdown:
- We're teeing off a new year full of musical performances, book talks, and other events. Keep up to date with our monthly newsletter (if you're at TC, you should be getting this via email).
- We're working on creating a workshop series around the new 'Maker Kit' curriculum collection.
- We're kicking off a new video series in partnership with TC's Admissions team featuring TC professors who are "Change Makers" (debuting in September).
- We'll be developing 6 Vialogues-based episodes featuring our Socratic Conversations (debuting in September).
- We're creating an exhibition to highlight the Seen in New York video series, and aim to host and end-of-September "Ed Ventures" event (especially catered to new TC students who may also be new to New York City).
- Artist Mark Reigelman will build a nest in our second floor collaboration space in October.
- And other things I am certainly (and unjustly) forgetting!
Here's the front side of our orientation postcard that incoming TC students will receive:
See you in the library in September!
I just finished Jaron Lanier's 'Who Owns the Future?' and wrote a short reflection over on my Pressible site.
If anyone else has read it, I'd love to discuss it further!
Graeme Wood's Future of College? piece in the Atlantic about the Minerva Project poses some thought-provoking questions.
Minerva is not a MOOC, but founder Ben Nelson makes the case that something like Minerva (small and selective) can only exist because MOOCs already provide content and coursework in a broader way. The idea that MOOCs are essentially publishing ventures, not classes, and therefore exist as something to exploit rather than compete is an interesting perspective.
Minerva is too new to have a lot of real-world feedback, but I'm definitely interested to hear from Minerva-enrolled students after a few years.
Economic theory is often about figures and curves that may not mean very much to certain students. To make things worse, economists often disagree on the theory of it all and the graphs can quickly become meaningless lines. The Vialogue below does a good job of contextualizing some of the principles behind the study of economics, from the invisible hands of Adam Smith's markets to ideal government behavior in Keynesian economic models.
Before you redouble your efforts to be creative, check out this piece in the NYT on the impact of resetting your brain.