Practical Report

1181 Words5 Pages
1.0 INTRODUCTION

Universiti Teknologi Mara requires their students to attend training sessions related to their courses to give a preliminary exposure regarding the real working environment in an organization. This program has been offered by the Faculty of Accountancy, UiTM and needed to be completed in 6 months before completing their study.

By undergoing practical training, student will be placed in government or private sector, where they will be given opportunity to learn and adapt the real working environment. Besides, the practical training will increase and develop students’ communication skills, management skills and other skills which will benefit their daily life and future career.

2.0 ORGANIZATION BACKGROUND AND
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This job was specially requested by the clients to reconcile their unreconciled items. I also get to apply my knowledge in AIS when doing a detailed flowchart for IWK’s Treasury Policies.

Audit work also involves outdoor work such as asset sighting, cash count and stock take. I did asset sighting and cash count for Indah Water Konsortium (IWK) Sdn Bhd where my senior and I went to see their Sewerage Treatment Plant and Refurbished Assets to ensure the asset’s existence, count the cash collections and compared both sightings with their listings or report. For stock taking, I was in charge of counting stocks for Farmasi UKM Kesihatan, Pine 38 Restaurant under Bagong Dagang Sdn Bhd and I-Shoppe Technology Park Malaysia to prepare for their closing stocks.

3.2 Accounting Work Done
Apart from doing audit work, I was also assigned to do an accounting job for construction companies, Ramstar (M) Sdn Bhd and Rahajaya Sdn Bhd in which both are related companies for their 2011 and 2012 accounts. In this job, I was able to experience the life of an accountant for 2 months keying in all their invoices, suppliers invoices, payment vouchers, bank transactions, and general journals for depreciation, accruals, interests and others. Since the companies are construction companies, I also learnt about Wang Jaminan Pertahanan (WJP), MOF Advance Recoupment, Sub-contractors, Claims, work in progress and their computations. Other than that, I also did
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