1) Auditing
- I continue doing the audit report for the same client with the guide from my
colleague because I'm still learning, beside to avoide me from being made
many mistakes. This time I really learn the mistakes I did in the audit.
To me audit is a tough work and really time consuming. I did the audit for 3
days.
Sunday, February 07, 2010
THURSDAY-19/11/2009
1) Auditing
- Continue doing the audit report of the client. I have to do the report on
Management A/C and Sales/ Cost of Sales.
- Do the cash and bank balances. In this part I have to do the Bank Reconciliation.
At this point I did the mistake. My mistake is I didn't do the audit test and
this audit report I have made many same mistakes. I weak in do the audit reports
and financial statements. I try to learn do the audit. Audit test such as the
source document that we check have to be write and tick citation to where.
Such as cited to Invoice.
- Continue doing the audit report of the client. I have to do the report on
Management A/C and Sales/ Cost of Sales.
- Do the cash and bank balances. In this part I have to do the Bank Reconciliation.
At this point I did the mistake. My mistake is I didn't do the audit test and
this audit report I have made many same mistakes. I weak in do the audit reports
and financial statements. I try to learn do the audit. Audit test such as the
source document that we check have to be write and tick citation to where.
Such as cited to Invoice.
WEDNESDAY-18/11/2009
1) On this day I take one leave of 1 day. I already informed my supervisor and boss
on the leave I would take 1 day before I leave. I settled my MARA Loan on this day.
on the leave I would take 1 day before I leave. I settled my MARA Loan on this day.
TUESDAY-17/11/2009
1) Accounting
- Do the daily sales for November 2009 for the same client yesterday. I wonder
why I need to do the daily sales.
- Organize the recepits to do the claims. Still the same client.
2)Auditing
- Continue doing the auditing for the same client yesterday in Microsoft Excel
before doing the and type the audit report.
- Do the daily sales for November 2009 for the same client yesterday. I wonder
why I need to do the daily sales.
- Organize the recepits to do the claims. Still the same client.
2)Auditing
- Continue doing the auditing for the same client yesterday in Microsoft Excel
before doing the and type the audit report.
MONDAY-16/11/2009
1) Auditing
- Audit should be done in every year of the ending accounting period of the
client. I do the vouching of general sales and purchases. In this vouching, I
learned that we must select the higher amount of purchases and sales.
It is because this higher amount of sales and purchases we need to check back
it source document such as invoices, payment voucher, journal voucher for
payment made by cash and many more of source document. This source document is
to make sure whether is it corect the total amount of purchased. Such as if we
do the vouching of purchases we need to open the creditors files. The creditors
files of the client follow the date of the accounting period such as 1/1/2009
until 31/12/2009. So we need to open the creditors file of the client back
from the date of accounting 1/1/2009 until 31/12/2009 to check the selected of
the highest amount of purchases that the client's purchased. Every highest
invoice i have to tick it by green pen only because this is the audit work.
I have to tick at the creditors of the client address, amount and the date of
purchased.
- Audit should be done in every year of the ending accounting period of the
client. I do the vouching of general sales and purchases. In this vouching, I
learned that we must select the higher amount of purchases and sales.
It is because this higher amount of sales and purchases we need to check back
it source document such as invoices, payment voucher, journal voucher for
payment made by cash and many more of source document. This source document is
to make sure whether is it corect the total amount of purchased. Such as if we
do the vouching of purchases we need to open the creditors files. The creditors
files of the client follow the date of the accounting period such as 1/1/2009
until 31/12/2009. So we need to open the creditors file of the client back
from the date of accounting 1/1/2009 until 31/12/2009 to check the selected of
the highest amount of purchases that the client's purchased. Every highest
invoice i have to tick it by green pen only because this is the audit work.
I have to tick at the creditors of the client address, amount and the date of
purchased.
FRIDAY-13/11/2009
1) Accounting
- Doing the client's claim in the Microsoft Excel. This time my work at microsoft
excel is more fluently and I take only 1 hours compare 2 and half hour first
time I do.
Every client's claim i have to classified it according to their classification.
Such as purchases for their main core of business example if their main
business is in the restaurant most probably they purchase things like food
groceries. Hence I must put the groceries item under the purchases type.
Petrol, Toll and Parking,
staff welfare, upkeep of office equipment, upkeep of kitchen equipment,
office equipment and etc depend what type of expenses is that.
- I create the chart of account for the new client. This chart of account such as
we need to open the type of main account example capital 1000/000(have to put
the code to classified it) Retained Earning 1050/000, Fixed Assets 2000/000 and
under the fixed assets have many sub of fixed assets such as motor vehicle.
So the code we write is motor vehicle JCQ369 2000/100 and Accumulated
Depreciation -Motor Vehicle JCQ369 2000/105. This an example of chart of account
that have to be created.
- Doing the client's claim in the Microsoft Excel. This time my work at microsoft
excel is more fluently and I take only 1 hours compare 2 and half hour first
time I do.
Every client's claim i have to classified it according to their classification.
Such as purchases for their main core of business example if their main
business is in the restaurant most probably they purchase things like food
groceries. Hence I must put the groceries item under the purchases type.
Petrol, Toll and Parking,
staff welfare, upkeep of office equipment, upkeep of kitchen equipment,
office equipment and etc depend what type of expenses is that.
- I create the chart of account for the new client. This chart of account such as
we need to open the type of main account example capital 1000/000(have to put
the code to classified it) Retained Earning 1050/000, Fixed Assets 2000/000 and
under the fixed assets have many sub of fixed assets such as motor vehicle.
So the code we write is motor vehicle JCQ369 2000/100 and Accumulated
Depreciation -Motor Vehicle JCQ369 2000/105. This an example of chart of account
that have to be created.
THURSDAY-12/11/2009
1) Auditing
- doing the audit report and statement of the new incorporation company. I have to
follow base on the example report that have been given to me. To me this audit
report is very difficult to understand. I have a problems in this because this
audit report that I make must be based on the client financial statement,
balance sheet and also statement of equity that have been updated before that in
the microsoft excel.
2)Travelling
- I have asked by my boss to go to the nearest Public Bank just in that area of
TAIPAN to bank in the PERKESO and KWSP cheque of the client.
3)Administration
- Do the admin work that is learn how to use machine cutting paper. This is for
the easier work for me with the new technology to cut the paper based on our need
on how to cut the paper with many sizes.
- After cutting the paper I do the filing of the copy of PERKESO and KWSP. Binding
and stapler with the bank receipts.
- doing the audit report and statement of the new incorporation company. I have to
follow base on the example report that have been given to me. To me this audit
report is very difficult to understand. I have a problems in this because this
audit report that I make must be based on the client financial statement,
balance sheet and also statement of equity that have been updated before that in
the microsoft excel.
2)Travelling
- I have asked by my boss to go to the nearest Public Bank just in that area of
TAIPAN to bank in the PERKESO and KWSP cheque of the client.
3)Administration
- Do the admin work that is learn how to use machine cutting paper. This is for
the easier work for me with the new technology to cut the paper based on our need
on how to cut the paper with many sizes.
- After cutting the paper I do the filing of the copy of PERKESO and KWSP. Binding
and stapler with the bank receipts.
WEDNESDAY-11/11/2009
1) Today work is learn to fill in the KWSP Form for the company. I have explained by
my boss, that every early of the month usually on the 14th of every month, my
company have to filled in the KWSP Form and PERKESO Form.My bost test my
knowledge on the meaning of the KWSP and PERKESO. He asks me to find the
meaning of the KWSP and PERKESO. EPF is means by Employees Provident Fund and
every workers are compulsory to register and subscribe their
salary to make the deduction in certain percentage from their every month salary.
From this, members are expected to benefit from a comprehensive plan which will
promote savings and enable members to have more funds to cover their basic
retirement needs. While PERKESO(Pertubuhan Keselamatan Sosial) or also known as
Social Security Organization is committed to ensure social security of all
working Malaysians. The principal employer must pay monthly contribution for each
eligible employee according to the rates specified under the Act.The amount to be
paid is based on the SOCSO Contribution Schedule.
Both the rates of contribution are based on the total monthly wage paid to the
employee.Contributions should be made from the fisrt month the employee is
employed. All remuneration payable in money to an employee is taken into account
as wages for the purposes of SOCSO contributions. These include the following
payments: salary, overtime payments, commission, payments for leave such as
annual, sick and maternity leave, rest day and public holidays. Other are
allowances such as incentive, good behaviour and cost of living(COLA) and lastly
service charge. Contributions can be paid through 3 methods which are:
i)remittance of payment through commercial banks' or employers who submit payments
using preprinted Monthly Contribution Schedule(Form8A). SOCSO appointed bank such
as: CIMB BANK BHD, MAYBANK BHD, RHB BANK BHD, PUBLIC BANK BHD, BANK MUAMALAT and
Pejabat POS MALAYSIA BHD (for Sabah and Sarawak only).
ii)payment via Internet Banking Employer must be registered and has an account at
any of the following banks: MAYBANK,CIMB,RHB and PUBLIC Bank Bhd.
iii)Payment at SOCSO's Office. SOCSO Office only accepts payment by cheque or
postal money order.
2) Lastly, of work that day is do the administration work. Learn on how tu use the
photostat machines and notes the important document that should be print for
reserve copy. Such as have to make the socso and epf copy after completed the
form.
my boss, that every early of the month usually on the 14th of every month, my
company have to filled in the KWSP Form and PERKESO Form.My bost test my
knowledge on the meaning of the KWSP and PERKESO. He asks me to find the
meaning of the KWSP and PERKESO. EPF is means by Employees Provident Fund and
every workers are compulsory to register and subscribe their
salary to make the deduction in certain percentage from their every month salary.
From this, members are expected to benefit from a comprehensive plan which will
promote savings and enable members to have more funds to cover their basic
retirement needs. While PERKESO(Pertubuhan Keselamatan Sosial) or also known as
Social Security Organization is committed to ensure social security of all
working Malaysians. The principal employer must pay monthly contribution for each
eligible employee according to the rates specified under the Act.The amount to be
paid is based on the SOCSO Contribution Schedule.
Both the rates of contribution are based on the total monthly wage paid to the
employee.Contributions should be made from the fisrt month the employee is
employed. All remuneration payable in money to an employee is taken into account
as wages for the purposes of SOCSO contributions. These include the following
payments: salary, overtime payments, commission, payments for leave such as
annual, sick and maternity leave, rest day and public holidays. Other are
allowances such as incentive, good behaviour and cost of living(COLA) and lastly
service charge. Contributions can be paid through 3 methods which are:
i)remittance of payment through commercial banks' or employers who submit payments
using preprinted Monthly Contribution Schedule(Form8A). SOCSO appointed bank such
as: CIMB BANK BHD, MAYBANK BHD, RHB BANK BHD, PUBLIC BANK BHD, BANK MUAMALAT and
Pejabat POS MALAYSIA BHD (for Sabah and Sarawak only).
ii)payment via Internet Banking Employer must be registered and has an account at
any of the following banks: MAYBANK,CIMB,RHB and PUBLIC Bank Bhd.
iii)Payment at SOCSO's Office. SOCSO Office only accepts payment by cheque or
postal money order.
2) Lastly, of work that day is do the administration work. Learn on how tu use the
photostat machines and notes the important document that should be print for
reserve copy. Such as have to make the socso and epf copy after completed the
form.
TUESDAY-10/11/2009
1) I print the Payment Voucher of the client from the UBS Accounting Software.
I have a problems in printing the payment voucher because this is the fisrt time
I do this task. I also wondering and curious to know why I have to print this
payment voucher. After I print the payment voucher I have to clip it with the
cheque that I issued with to give that cheque to the client.
I think this cheque that I issued is the debt of the client to the creditors.
2) After I finished with my payment voucher for 2 and half hours I took to do that,
next tasks that I do is accounting. I do the company's client claims in the
Microsoft Excel. Most of the client of my company business is involved in the
food business industry in the Mid Valley, KLCC and other are construction in KL
area and subang jaya. I have to keep it here P&C(Private and Confidential).
I have a problems in printing the payment voucher because this is the fisrt time
I do this task. I also wondering and curious to know why I have to print this
payment voucher. After I print the payment voucher I have to clip it with the
cheque that I issued with to give that cheque to the client.
I think this cheque that I issued is the debt of the client to the creditors.
2) After I finished with my payment voucher for 2 and half hours I took to do that,
next tasks that I do is accounting. I do the company's client claims in the
Microsoft Excel. Most of the client of my company business is involved in the
food business industry in the Mid Valley, KLCC and other are construction in KL
area and subang jaya. I have to keep it here P&C(Private and Confidential).
Monday-9/11/2009
1) Next day of work first tasks that I received from my boss is accounting work.
I have to learn the the accounting software step by steps. That is UBS Accounting
System. I explore the UBS Accounting System the whole day guided by the book that
I received from my boss.
2) I also received the UBS Accounting Software to be installed and learn at home. To
me this is one of the added advantage that I can learn any time. Thank you to my
boss and my office clique who is also a practical UiTM student there, that guided
me all the time when my boss meeting outside with the client to do the audit
at the client company.
1) Next day of work first tasks that I received from my boss is accounting work.
I have to learn the the accounting software step by steps. That is UBS Accounting
System. I explore the UBS Accounting System the whole day guided by the book that
I received from my boss.
2) I also received the UBS Accounting Software to be installed and learn at home. To
me this is one of the added advantage that I can learn any time. Thank you to my
boss and my office clique who is also a practical UiTM student there, that guided
me all the time when my boss meeting outside with the client to do the audit
at the client company.
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