Coursework
I focused on why transactions, assets and liabilities are expressed as the numbers they are, not just on calculating them. Studying present value, financial assets and liabilities, fair value and PP&E taught me to look at the transaction structure behind every number.
What I learned
The same amount can mean very different things depending on when it occurs, which contract created it, and whether it is an asset or a liability. Present value and financial instruments in particular taught me to consider future cash flows and timing, not just today's figure.
Application to banking and finance
Banking and financial services are not complete with a customer-facing screen alone. When reviewing a long-term service or a business with ongoing costs, I will look beyond immediate cost and revenue to the timing and structure of future cash flows. As a planner, I want the fundamentals to discuss the same numbers with finance and accounting teams and understand how a business case translates into figures.
Original documents (in Korean)
Open a topic to browse the handwritten source notes and English page summaries.
Study notes in Korean covering: Fair value measurement logic, Market selection and fair value, Time value of money, Effective interest method.
Fair value is not just a quoted price. You must first decide which market and transaction to use, which means checking the assumptions behind the number.
The same asset can be judged differently depending on its market, so I learned to consider the trading environment, not just price.
KRW 1 million today is not the same as KRW 1 million years from now. This is a core concept for long-term finance and treasury decisions.
Study notes in Korean covering: Acquisition cost and present value, Restoration obligations, Impairment and reversal, Revaluation model, Borrowing costs.
Future obligations can be reflected in today's cost, which made me consider hidden future costs in any business.
How a future obligation becomes expense over time, which helped me understand long-term cost structures.
Calculated how much to write down when value falls and how far to reverse on recovery, favoring verifiable criteria over optimism.
Study notes in Korean covering: Classification and measurement, Amortized cost and fair value, Bond present value and effective interest, Financial liabilities, Compound instruments such as convertible bonds.
Learned the core logic of classifying contracts as assets or liabilities based on the right to receive or obligation to pay cash.
Similar-looking transactions can be classified differently depending on the contract. I learned to check the substance first.
Calculated how a financial asset's value changes over time using present value and the effective interest rate.