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LOG BOOK

SUMMARY OF ACTIVITIES WORKING DAY:

Date -

Work Summary/Daily Activities


Acquainted session with others office mate. P. Yati welcomes us and shows the table for we seat.

Duration

Remarks

03/12/12 Introduction

Refresh documents

Miss Zila gives a few documents to review and learn about the format of Audit, Taxation, Accounting and company secretary.

Guide to review

Pn Yati as company Secretary was told us about some procedure in doing secretary work. She will guide us about secretary. After that, Pn Siti was told us about audit, account and some step such as do it Audit Working Paper (AWP) before we do it Audit Report. She showed us format auditor report by a few company. Then, Miss Azila told us about taxation and she shows us how to record the details company in form C and R and other step to dong taxation.

LOG BOOK

SUMMARY OF ACTIVITIES WORKING DAY:

Date
04/12/12 Audit

Work Summary/Daily Activities Make six copies of final audit report and split the copies for giving to directors of company, SSM and filling in audit file, tax file and secretary file.

Duration

Remarks

Account
-

Pn. Siti was teaching us how the MAYOB system functions. Then, she showed us how to key in the transaction account when you have the documents. She said have two ways transaction that we can choose either just enter to bank which are record on spend money or receive money or you can split the transaction to sale and purchase by enter the sale and purchase entries and make record the payment at other side.

LOG BOOK

SUMMARY OF ACTIVITIES WORKING DAY:

Date
05/12/12 Tax

Work Summary/Daily Activities Miss azila was showed me how to register company tax online at LHDN website. After that, she gives me a few details of companies to register. Audit

Duration

Remarks

Make six copies of final audit report and split the copies for giving to directors of company, SSM and filling in audit file, tax file and secretary file.

Secretary

Pn. Yati showed me how to filling the secretary file by put the latest document at the top and follow with the important document likes form 9, 49, 24, 32a, MOA and more. Other than that, she explains one by one about the functions of all the form.

LOG BOOK

SUMMARY OF ACTIVITIES WORKING DAY:

Date
6/12/12 Tax

Work Summary/Daily Activities Miss Azila showed how to make tax computation. She said this step will be doing after we get the final audit report. After done this, we required to fill in form R and Form C before we submit at LHDN.

Duration

Remarks

Then, she gives me a few tax file for review taxation terms and make know the steps of tax computation.

Audit

At evening, miss Azila teach me how to make audit working paper and give one company as a trial to do it the audit working paper.

After that, she told me before we submit audit report to auditor we need to do it current audit file as a final review from us.

LOG BOOK

SUMMARY OF ACTIVITIES WORKING DAY:

Date
7/12/12 Audit

Work Summary/Daily Activities Make six copies of final audit report and split the copies for giving to directors of company, SSM and filling in audit file, tax file and secretary file. After that, Im try to do it audit working paper. Firstly Im beginning with trial balance transaction. After done enter all the amount and balance, I need to rounding up the entire cent amount. But need to make sure the amount of rounding up below of RM1 and the full total is balance. Then, proceed to profit and loss account, balance sheet,

Duration

Remarks

summary balance sheet transaction after adjustment and more.

LOG BOOK

SUMMARY OF ACTIVITIES WORKING DAY:

Date
10/12/12 Audit

Work Summary/Daily Activities Make current audit file. This process starting with print audit working paper (AWP) and audit program. The audit program is depends with transaction on AWP. After done that, I need to checking one by one transaction and need to prepare audit of statutory record before I can submit with draft audit to auditor. We just audit for account records and not for all transaction audit.

Duration

Remarks

SUMMARY OF ACTIVITIES WORKING DAY:

Date
11/12/12

Work Summary/Daily Activities

Duration

Remarks

-Off day Hari Keputeraan Sultan Selangor

LOG BOOK

SUMMARY OF ACTIVITIES WORKING DAY:

Date
12/12/12 Audit

Work Summary/Daily Activities Make it full set of audit working paper. But this time, I have to prepare property and equipment schedule. This schedule just wants to know the transaction between cost and depreciation. Then, the total after deduction with depreciation will know as net book value. Tax

Duration

Remarks

Next, proceed with tax computation by put the profit before tax as per account, add some non allowable expenses, and calculate capital allowance until get the total of chargeable income and times with 20 percent for getting provision for current taxation.

LOG BOOK

SUMMARY OF ACTIVITIES WORKING DAY:

Date
13/12/12 Tax

Work Summary/Daily Activities Make it full set of tax computation from profit and loss fixed before asset, taxation, initial

Duration

Remarks

reconciliation

allowances, annual allowances until Im get the provision of current taxation for current account. After that, Im fill in tax form for company which are form C for details profile company and Form R for deduction of tax from dividend based on act 108 income tax act 1967. Both of form must fill in without any false.

LOG BOOK

SUMMARY OF ACTIVITIES WORKING DAY:

Date
14/12/12 Account

Work Summary/Daily Activities Pn Siti gives one file to do it account. This is an account of housing flats. For the first account, she told me a few steps before I can key in the data. I need to separate the documents to expenses, payment and more. After that, I need to identify the document either current year or not. If not, I need to divide that documents cause may be it is the debt last year.

Duration

Remarks

Name of Supervisor : ... Designation :

Signature & Stamp

: LOG BOOK

SUMMARY OF ACTIVITIES WORKING DAY:

Date
17/12/12

Work Summary/Daily Activities


Continue account

Duration

Remarks

Starts to key in sales by used enter sales side. This account quit different because the income be obtain from people who are rent the flat. For the first day, do not have any problem about the sales. This steps will accumulate the amount that customer should pay to admin of flat.

SUMMARY OF ACTIVITIES WORKING DAY:

Date
18/12/12

Work Summary/Daily Activities


Continue account

Duration

Remarks

Second day key in sales. Continue key in enter sales house by house. The

customer sales or income get it from customer rental, parking fee,

maintenance charges, sinking fund, fire insurance and more. So, this income will put at different code as an example 41000 as maintenance charges, 4-1100 as sinking fund and so on.

LOG BOOK

SUMMARY OF ACTIVITIES WORKING DAY:

Date
19/12/12

Work Summary/Daily Activities


Continue account

Duration

Remarks

Follow the same step like yesterday, still continue key in sale for another block. When I was identified there is a new customer rental the house, I need to open new account under his/her name to facilitate the transaction for next month.

Secretary

I was helped officemate to create an organizational chart of company.

SUMMARY OF ACTIVITIES WORKING DAY:

Date
20/12/12

Work Summary/Daily Activities


Continue account

Duration

Remarks

After done with the sale, Im continuing with cost of sales which is purchasing for flat. For an example, lift maintenance, maintenance of equipment like

playground, access card and more. The transaction for purchases not much to records.

LOG BOOK

SUMMARY OF ACTIVITIES WORKING DAY:

Date
21/12/12

Work Summary/Daily Activities


Continue account

Duration

Remarks

Starting to record the payment activities from the customer. Payment will record by using received payment on sales. This will help us to make easy the payment records and make easy to us know the total debts of customer.

SUMMARY OF ACTIVITIES WORKING DAY:

Date
24/12/12

Work Summary/Daily Activities


Continue account

Duration
payment.

Remarks

Continue

to

key

in

the

Sometime the customer do not paid based on the current month bill because they paid the previous bill. So, if this happen I will record the payment as a previous payment but the payment in current date. So, the amount of debts will reduce.

LOG BOOK

SUMMARY OF ACTIVITIES WORKING DAY:

Date
25/12/12

Work Summary/Daily Activities

Duration

Remarks

MERRY CHRISTMAS -

SUMMARY OF ACTIVITIES WORKING DAY:

Date
26/12/12

Work Summary/Daily Activities


Continue account

Duration

Remarks

Continue record the payment for another block of flat. The problem today, there are some customer who pay debt last year. So, the record is different because I need to open the previous record and deduct at total trade payable.

LOG BOOK

SUMMARY OF ACTIVITIES WORKING DAY:

Date
27/12/12

Work Summary/Daily Activities


Continue account

Duration
records.

Remarks

Continue

the

payment

Sometimes the payment voucher issued by the management before they receive the payment from the customer. This happen when the customer do not pay cash but pay by using the cheque or deposit cash at the bank. So, when this happens I need to record the payment based on statement of bank.

SUMMARY OF ACTIVITIES WORKING DAY:

Date
28/12/12

Work Summary/Daily Activities


Continue account

Duration

Remarks

After done key in the payment records, I proceed with the expenses of flat house. The expense records not too much transaction. The expenses come from accounting fee, secretary fee, telephone bill, depreciation and more.

LOG BOOK

SUMMARY OF ACTIVITIES WORKING DAY:

Date
31/12/12

Work Summary/Daily Activities


Continue account

Duration

Remarks

Finished the records and proceed to checking the account to make sure all the amount had done records and make sure either the amount is reasonable or not. After that, I print the profit and loss and balance sheet and give to Pn. Siti for second checking.

Secretary

Photocopies three of memorandum of association and attach with form 9, 24, 32a and 44. This is normal procedure when director want set of MOA.

Name of Supervisor Designation Signature & Stamp

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