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ON-THE-JOB TRAINEE SCOPE OF WORK

PROGRAM: BS Accountancy/ BS Management Accounting/BS Accounting Technology

DEPARTMENT: Accountancy
PERIOD COVERED: From ___________________ to _____________________
Functional Training Report
Areas Tasks and Responsibilities Hours (Output)
Processing of AR-related transactions
Accounts Updating AR subsidiary records
Receivable Summarizing transactions thru schedules & reports
Updating Amortization Schedule of payment for loan
accounts

Processing of AP-related transactions


Accounts Updating AP subsidiary records
Payable Summarizing transactions thru schedules & reports

Physical count of inventory and supplies


Inventory Control Recording inventory-related transactions
Preparation of inventory status reports

Assist in inventory of fixed assets


Fixed Asset Computation of book value
Recording of asset acquisitions/disposals
Preparation of PPE reports (e.g. lapsing schedule)

Preparing journal vouchers


General Ledger Recording transactions in General Ledger
Reconciliation of records with vouchers
Tax compliance
Perform financial statement analysis

Check Clearing
Treasury Bank reconciliation
Handling of post dated checks
Preparing bank deposit validation statements
Performing collection or disbursement process
Monitoring of petty cash fund
Prepare payroll transactions

Internal Audit Please specify job details

Others Please specify job details

KPO

Productive and Doing invoice verification by matching primary


Non-Productive information in the invoice such as the invoice number,
Materials 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

Giving separate attention to dunning letters in order


Dunning Letter to systematically identify due invoices that were
already paid and not yet paid
Detaching dunning letters to identify those with a high
level, those with medium or low levels, and those with
non-dunning nature
Establishing a database containing all suppliers
isolating those that are inside the country and those
that are outside
Carefully considering the supplier-purchaser terms
and conditions altogether with sending the dunning
letters to the Disbursement team for payment

Setting up of a database where important information


Master Data of suppliers, business partners and any others parties
who have transacted with the company can be found
Updating the data (name, address, postal code, tax
code, etc.) of each business partner stored in the
system with reference to most recent invoices
Making necessary changes in the business 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

Review the whole revenue cycle from the moment the


Revenue Cycle 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)
Identify the controls necessary for every process
required and locate possible risks that the client
company may face given the current process they
have
Review the expenditure cycle from the moment the
Expenditure company decides to purchase raw materials until
Cycle payment of purchase.
Document the process involved in the cycle by
department involved
Identify the controls necessary for every process
required and locate possible risks that the client
company may face given the current process they
have
Recommend industry practices to the client company
so as to make the client company competitive in its
industry

Inventory Cycle Review the allocation and allotment plan of the


company

Capital Asset Assess and list down the advantages and


Cycle disadvantages of acquiring a capital asset
Business Process Transformation—Design transitory
General maps; design process maps featuring leading
practices in the industry of the client.
Business Process Review—Make Spend Analysis,
provide data analytics, provide organization review

Review the reporting cycle from recording in the


Accounting general journal to reporting it in the financial
statements.

AUDIT

Perform test of details of revenue accounts (e.g.


Revenue Cycle vouching); perform sales cut-off analysis; perform
analytical review procedures
Examining and matching the amounts in the Daily
Statement of Collections and Accountable Forms and
amounts in the Abstract of General Collections,
Abstract of Real Property Tax Receipts, and most
importantly with the official receipts
Preparation of the corrected/audited Reports of
Collections and Deposits
Processing of AR-related transactions
Updating AR subsidiary records
Summarizing transactions thru schedules & reports
Updating Amortization Schedule of payment for loan
accounts

Perform test of details of operating expense accounts


Expenditure (e.g. vouching), perform a search for unrecorded
Cycle 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
Processing of AP-related transactions
Updating AP subsidiary records
Summarizing transactions thru schedules & reports
Observe the physical count of inventory and supplies,
Inventory Cycle trace purchases to supporting documents, and
analyze the adequacy of the allowance for inventory
obsolescence
Physical count of inventory and supplies
Recording inventory-related transactions
Preparation of inventory status reports

Perform ocular inspection of fixed assets; Examine


Capital Asset supporting documents for acquisitions and disposals
Cycle during the year; perform analytical review procedures
on the entity's lapsing schedule
Assist in inventory of fixed assets
Computation of book value
Recording of asset acquisitions/disposals
Preparation of PPE reports (e.g. lapsing schedule)

Review bank reconciliation schedules, confirm cash


Cash Cycle 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.
Check Clearing & Bank Reconciliation
Handling of post dated checks
Preparing bank deposit validation statements
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 and
Entries 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.
Preparing journal vouchers
Recording transactions in General Ledger
Reconciliation of records with vouchers
Perform financial statement analysis

Others Please specify job details

TOTAL EXPECTED HOURS

Prepared by: Confirmed by:


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

Course: _____________ Designation: ______________________