I haven’t posted in a while but not much has happened until now.
I’ve applied and been approved for the Scotiabank Interest-Subsidized loan. All I have to do (I’m told) is fill out some remaining paperwork. This should provide enough money for me to make it through my first year without any major issues.
The process was rather painless–fill out some online forms, get an e-mail saying you’ve been approved.
The pre-course registration is coming up very soon. The school has made some self-assessment tests available to help us decide if we need to take a pre-course. The tests are a little ridiculous. Does Rotman honestly expect more than 30% of the class to be able to answer the following questions:
- What is the primary output of the financial accounting activities in an organization? Be specific.
- Identify and discuss the reasons why net income will usually be different from net cash flow.
- From the following information, prepare balance sheets for Demo Corp. as of December 31, 2004, and as of January 31, 2005, and a statement of income for the month ended January 31, 2005. Use either T-accounts or journal entries to show how the statements are compiled….
The questions above are all from the accounting test but the finance test was almost as bad. I found most of the quantitative test easy—only because my background is in science/math. I have the distinct feeling that this is just a big money grab (each pre-course costs $100). The questions they are asking are things I would hope to learn about while earning my MBA, not things I would expect people to know before they start their MBA.
Regardless, I’m not going to risk it—I’ll just shell out the $300 and take all three of the courses (some of the quantitative questions were getting a little tricky). If I find that this ends up being a big money grab (i.e. they re-teach all of this during the actual courses), I will complain (loudly) on this blog.
Stay tuned.