W5 Day 25 of Nana's Internship
Activity
- Started working on a new task assigned by Ms. Chan, which involved keying in a client’s data for the calculation of personal tax using Schedule III and preparing an Income Statement.
- Continued working on another client’s data entry in Excel to manually prepare their financial statements, similar to yesterday’s task by starting to key in the sales and organizing all the expense files that the client gave to us.
Key Learning
- Learned how to prepare Schedule III and calculate personal tax for a client.
- Gained experience in manually organizing and preparing financial statements using Excel.
- Improved understanding of how personal tax and business income are reported and calculated.
- Practiced managing multiple tasks for different clients efficiently.
Reflection
After
spending a lot of time yesterday trying to figure out why the balance sheet for
Client A wasn’t balancing, I still couldn’t identify the issue. I felt mentally
stuck and frustrated, like I was wasting time just sitting there without making
any progress. So today, I decided to take a break from Client A’s task and move
on to other assignments instead. I felt it was better to make use of my time
productively rather than let work accumulate. I started working on a new
client’s personal tax data and continued manual data entry for another client’s
account. Besides, I manually prepared their financial statements, similar to
yesterday’s task, by starting to key in the sales and organizing all the
expense files that the client provided. Shifting focus helped me reset my mind and
continue learning without feeling too overwhelmed.
