ON-THE-JOB TRAINEE SCOPE OF WORK

PROGRAM: BS Accounting Technology

DEPARTMENT: Accountancy
PERIOD COVERED: From November 7, 2017 to March 3, 2018.
Functional Training Report
Areas Tasks and Responsibilities Hours (Output)
Recording of asset acquisitions/disposals
Fixed Asset

Preparing journal vouchers

General Ledger Recording transactions in General Ledger
Reconciliation of records with vouchers
Tax compliance
Perform financial statement analysis
Performing collection or disbursement process
Treasury Monitoring of petty cash fund
Prepare payroll transactions
KPO
Productive and Doing invoice verification by matching primary
Non-Productive information in the invoice such as the invoice
Materials number, supplier ID, total amount, tax code used,
among others
Detecting and correcting inconsistency problems
(in prices, in bookings, etc.) through workflow
cancellation procedures
Checking for the existence of delivery notes and if
they exist but are incorrect, updating is necessary
Verifying invoices and posting of patent invoices
Services
Assessing whether the tax position coincides with
the type of invoice, credit note, and other
necessary information
Processing invoices that underwent workflows
Making necessary changes in the business
Master Data
partner master data in order to produce a
complete, updated, consistent and understandable
presentation of information
Detecting data inconsistencies and doing
appropriate actions for further verification and
correction
ADVISORY
SERVICES

Revenue Cycle
Review the whole revenue cycle from the moment
the customer orders until the client company
realizes the revenue.

Document the process involved in the cycle by

department involved (i.e. Sales and Marketing,
Warehouse, Accounting Department)
 Review the expenditure cycle from the moment
Expenditure the company decides to purchase raw materials
Cycle until payment of purchase.
Document the process involved in the cycle by
department involved
Inventory Cycle Review the allocation and allotment plan of the
company
Review the reporting cycle from recording in the
Accounting general journal to reporting it in the financial
statements.
AUDIT

Expenditure Perform test of details of operating expense

Cycle accounts (e.g. vouching), perform a search for
unrecorded liabilities, examination of subsequent
payments of trade and other payables, apply
analytical procedures on a per account basis to
investigate unusual or unexpected differences
Ensuring the correctness and completeness of the
vouchers by examining the traveling expenses if it
has a travel order and certificate of appearance
and if the dates match
Review bank reconciliation schedules, confirm
Cash Cycle
cash accounts with financial institutions including
significant arrangements (e.g. compensating
balances)
Creating a schedule of cash collections and
deposits for all types of Accountable Forms.
Matching date of deposits and date of collections.
Performing collection or disbursement process
Monitoring of petty cash fund
Prepare payroll transactions
Obtain an understanding of the financial reporting
Test of Journal process, including policies for recording standard
Entries and nonstandard journal entries; the individuals
responsible for making and approving entries;
how; the entity makes entries and controls over
the journal entry processes to be able to select
journal entries and other adjustments for testing.
Making a report of sorted series number for each
type of Accountable Forms.
Recording transactions in General Ledger
Reconciliation of records with vouchers
TOTAL EXPECTED HOURS

Prepared by: Confirmed by:

___________________________ ___________________________________
(Name of Student Trainee) (Signature of Supervisor over Printed Name)

Course: _____________ Designation: ______________________