Week 1 Day 3 (09 April 2025)
Activity
- Continued
keying in client’s sales and expense
- Communicate with client to request supporting
documents to record the expense.
- While waiting for the client to send the
supporting documents for the company, Ms.
Amber taught me how to fill in the fixed assets schedule to calculate
depreciation expenses and how to key in the expenses into the system.
- After
finishing all the data entry, we checked whether the records tallied with the
Statement of Profit and Loss and the Balance Sheet to ensure accuracy.
Key Learning
- Continued
practicing data entry for client’s sales and expenses.
- Learned
how to communicate professionally with clients to request supporting documents
and gained experience in handling missing or delayed documents while
maintaining workflow.
- Learned
how to fill in the fixed assets schedule and calculate depreciation expenses
and practiced entering depreciation expense into the accounting system.
- Understood
the importance of verifying data accuracy by comparing it with the Statement of
Profit and Loss and Balance Sheet.
- Improved attention to detail and
understanding of financial statements.
Reflection
Today’s tasks gave me more exposure
to handling real accounting records. I continued keying in sales and expense
data and also communicated with the client to request supporting documents.
This was a good opportunity to improve my professional communication skills.
While waiting for the documents, Ms. Amber taught me how to fill in the fixed
assets schedule and calculate depreciation expenses. It was a new and
interesting part of the accounting process that I hadn’t done before. After
completing all data entry, we checked if everything matched the Statement of
Profit and Loss and the Balance Sheet. This taught me how important accuracy
and cross-checking are in financial reporting.
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