W20 Day 99 of Nana's Internship

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Week 20 Day 99 (21 Aug 2025)


Activity


- Communicated with foreign clients to explain more about corporate information. I was also guided by Ms. Amber to learn about import/export payment terms such as Letter of Credit (LC), Telegraphic Transfer (TT), and Bankers’ Acceptance (BA), and how these terms relate to client information for clearing customs when importing materials.

- Continued checking my current client’s accounts by printing the Profit & Loss (P&L) statement to confirm whether the profit/loss tallied with my manual calculations.


Key Learning


- Gained new knowledge about international trade payment terms (LC, TT, BA) and how they are applied in real business transactions, especially for import/export processes.

- Improved my understanding of financial accuracy by comparing system-generated P&L statements with manual profit calculations, which helps strengthen my attention to detail.

- Learned the importance of linking corporate information with practical trade and accounting records to ensure compliance and proper reporting.


Reflection


Today I learned something quite new for me, which is the import/export payment terms. Before this, I only knew the names but didn’t really understand them. Ms. Amber explained about LC, TT and BA, and how clients actually use them to import materials and clear customs. At first it sounded complicated, but after she related it to the client’s real case, I started to see the picture more clearly. I realized that sometimes theories or terms that look difficult in textbooks actually make more sense when connected to real-life examples.

Besides that, I also continued checking the P&L with my manual calculation. It took some time and I felt stressed when the numbers didn’t match at first, but after rechecking, I managed to find the issue. This made me realize that patience and persistence are really important in accounting work—accuracy is built step by step, not in a rush. Overall, I felt today was a balance between gaining new knowledge and strengthening my technical skills, and it reminded me that both theory and practice go hand in hand.


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