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INDUSTRIAL TRAINING REPORT
Prepared by Sarina binti Abu Bakar
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INDUSTRIAL TRAINING FINAL REPORT
SESSION : xxxxxxx 201x
Student Name : Sarina binti Abu Bakar
ID No. : PTM140xxxxxxxxxxx
Student E-mail : sarina_ab@gapps.kptm.edu.my
Handphone No. : 019-9243029
Organization : ABC Company Sdn Bhd
Name
Address : Tingkat 1, Taman Sri Indah
Jalan 123, 20300 Kuala Terengganu
Terengganu
Supervisor Name : En Azman bin Ahmad
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TABLE OF CONTENTS
Page
Acknowledgement i
Abstract
Table of contents
List of tables roman
List of figures
Chapter 1 INTRODUCTION
1.1 Introduction 1
1.1.1 Defining the term of Industrial Training 2
1.1.2 Description Of Industrial Training Objectives 2
1.1.2.1 Objectives of Industrial Training 2
1.1.2.2 Objectives of Final Report 2
Double
spacing
Chapter 2 COMPANY PROFILE
2.1 Company Background 3
2.2 Company History 3 1.5 spacing
2.3 Vision and Mission 3
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2.4 Organization Chart 4
2.5 Details of supervisor 5
Chapter 3 OVERVIEW OF THE TRAINING
3.1 Introduction x
3.2 Summary of the training and experience gained x
Chapter 4 DETAILS OF EXPERIENCES
4.1 Introduction x
4.2 Details of experience gained x
4.2.1 xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx x
4.2.2 xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx x
4.2.4 xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx x
4.2.5 xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx x
4.3 Problem encontered and approach adopted for solving problem x
4.4 Professional and ethical issues
4.5 Health and environmental issues
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Chapter 5 CONCLUSIONS
5.1 Conclusions
5.2 Suggestions and Recommendations
References
Appendix
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ACKNOWLEDGEMENT
In the name of Allah the most Beneficient and most Merciful, All praises to Allah,
Lord of the universe and peace be upon His Messenger. I want to acknowledge Him on
top of all for blessing me with patience and tenacity of mind to complete the Internship
report. It is undeniably a vital requirements for certified Diploma with flying colours and
I have received outstanding helps from many quarters which I would like to put on record
here with great pleasure and deep gratitude.
Firstly, I would like to thank and compliment my industrial training supervisor, Encik
xxxxxxxxxxxx. He is very kind in person and keen enough to give any newbie his full
attention including me. Without his endless care and wit, I wouldn’t have made any clear
progression and understand the purpose of being an intern at all. Most thanks for his
support, feedbacks and all the worthwhile lessons.
I would also want to express my gratitute to dear lecturers who guided me and
other companions throughout the internship programme from the very beginning till its
completion. Their expert lead, suggestion in class, and all the updating notices, had
provided me relevant informations in reaching the concept and objectives of this
compulsory report. Surely, without such commitment and tolerance, I may not have
finished any chapter efficiently. On top of that, to dear Madam xxxxxxxx as my site visit
supervisor, thanks for completing the event by hook or by crook.
Furthermore, I dedicated this to my beloved family and practical mates, i do
appreciate all the helping hands they lend while i had loss the courage at certain point and
they for sure had gathered me back into consciense effortlessly. There are also seniors
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outside who share opinions in preparing this reports. Not to forget, i value all the
contributions whose articles and publications play part in my working papers. I owe my
indebtedness to all those authors which had been great use to me. They are very precious
people that i couldn’t name personally.
Last but not least, it is a special honor to be a part of the firm itself for 16 weeks,
so I acknowledge xxxxxxxxxxxxx, solely for accepting me. All the sense of concern
towards me are tremendous and unforgettable from the staffs. It is a beautiful experience
to engage with the prestige firm, therefore , the least i can hope is that my hard work and
training can be the great epitome to a better application of Accounting course in near
future.
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ABSTRACT
This industrial training report of xxxxxxxxx binti xxxxxxxxxxxxxx to undergo an
industrial training for duration of 4 month which consist of 16 weeks before completing
the Diploma courses. Starting industrial training on xx January xxxx until xxx May xxxx
at xxxxxxxxxxxxxxxxxxx which guided by Pn xxxxxxxxxx.
The purpose of this program is to fulfill the course in order to complete the Diploma as
well as graduate from the college. The training refers to work experience that is relevant
to professional development prior to graduate. In first chapter this report is defining the
term of industrial training and description on industrial training objectives. This part
explains the details of objectives of industrial training report and industrial report. In
second chapter of report is overview of the company and departments.
The next chapter describes the summary of the duties and various tasks in weekly of
industrial training activities that carried out. The next chapter.......
This training gives students a good experience in..............
Last but not least, trainee got opportunities to learn more about management and
marketing.
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LIST OF TABLES
Table 2.1: Operating schedule for ABC Sdn Bhd (If any) xx
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LIST OF FIGURES
Figure 2.1 : Organization chart for ABC company (If any) xx
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CHAPTER 1
INTRODUCTION
1.1 Introduction
In the process of attaining the award of diploma by students, the least 4
months is required to be spent on an unexeptional industrial training programme
regarding their specific field or course taken.
.................................................................................................................................
.................................................................................................................................
.......
1.1.1 Defining the term of Industrial Training
1.1.2 Description Of Industrial Training Objectives
1.1.2.1 Objectives of Industrial Training
1.1.2.2 Objectives of Final Report
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CHAPTER 2
COMPANY PROFILE
2.1 Company Background
Introduction/ Will explain about company background Example
of table is as below:
Days Working Time Operating Period
Sunday to 8.20 a.m – 1.00 p.m 4 hours 40 minutes
1.00 p.m – 2.00 p.m (lunch hour) 1 hour
Thursday
2.00 p.m – 5.20 p.m 3 hours 20 minutes
(Total : 9 Hours)
Friday &
Weekend Holiday -
Saturday
Table 2.1: Operating schedule of firm ABC Sdn Bhd
Followed by chapter
2.2 Company History
2.3 Vision And Mission
2.4 Organization Chart
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ENCIK
ZULKIFLI AMIM
BIN ISMAIL
HEAD AUDITOR/ MANAGER
ENCIK
YUSMADI BIN JAAFAR
AUDIT SENIOR
NUR HUSNA BINTI
WAN NOR RASHIDAH
MOHD SEKRI
BINTI WAN MOKHTAR
AUDIT AND ACCOUNT
TAX ASSISTANT ASSISTANT
Figure 2.1 : Organization chart for ABC company
Followed by chapter
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CHAPTER 3
OVERVIEW OF THE TRAINING
3.1 Introduction
During 16 weeks of the training, variety of jobs are provided by ABC Company
includes tax computation and secreterial services.........................................
3.2 Summary Of The Training And Experience Gained
These are the only duties and tasks that doing throughout an industrial training.
Task 1:Prepare account for enterprise and limited companies
Management account is prepared for the enterprise and limited company. During
a training period, the task is assigned to prepare the management account for Mabo
Petroleum Sdn. Bhd and DHN Jaya Enterprise.To help client maintain and balance
accounting records are one of the vital parts for their business whether it is large or small,
a start-up, or a long-standing business. When things are financially unstable, good
accounting records can provide answers as to what changes to make or what to do away
with, in order to keep business growing and prospering. Good accounting program is
needed and trainee was exposed to SQL accounting software.
Task 2: Audit Fieldwork
The audit fieldwork is done in order to collect evidences, asking the staff, review
procedure manuals, learn the company business processes and assess its internal control.
It is also done with an objective to know the profit or loss. During the audit, financial
records and statements are verified to ascertain correct accounting and all transactions are
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in compliance with regulations. Trainee was invited by the supervisor to join them and
another staff, as a team on my second week to Perbadanan Memajukan Iktisad Negeri
Terengganu (PMINT) building for the real external audit experience. The task assigned
during the fieldwork is to gather the evidence/ supporting documents, do the vouching,
tracing and tagging process.
Task 3: Preparation of audit working papers.
Auditing is an accumulation and evaluation of evidence to determine whether the
recorded information is properly reflect the economic events that occurs during
accounting period. During the training period, the same project which is auditing PMINT,
I had small parts by asisting to audit a number of companies and prepare its working
papers that are relevants and arrange in sequence. It was done with full supervision since
not really master in the task.
Task 4: Preparation of audit report
An auditor's report issued by independent external auditor is considered an
essential tool when reporting financial information to users, particularly in business. Since
many third-party users prefer, or even require financial information to be certified by an
independent external auditor, many auditees rely on auditor reports to certify their
information in order to attract investors, obtain loans, and improve public appearance.
Some have even stated that financial information without an auditor's report is "essentially
worthless" for investing purposes.
The audit report states whether the company financial statements are presented
fairly. Opinions were definitely given. Encik Yusmadi will ask to type full draft report
refering sample report which is hard copy and from time to time, edit and update
information required in the report.
Task 5: Review
Reviewing is a process of checking and correcting the draft of audited financial
statements and tax computation if any errors or mistakes arise such as spelling error and
miscalculation. The purpose of this task is to ensure that the true and correct audited
financial statement and tax computation is issued to the clients.
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Task 6: Indirect duties
Clerical works which are indirect such as, answering phone calls, photocopy, printing and
stamping postage also was done during training.
The details of the task will be explain in chapter 5
CHAPTER 4
DETAILS OF EXPERIENCES
4.1 Introduction
Explain about details experience
4.2 Details of experience gained
4.2.1 Duties and tasks performed
Task 1: Prepare account for enterprise and limited companies
Preparation of account is needed by client at ABC Company because mostly
clients are aware that updated financial statements will be the proof of their success. It
keep their information neatly organized for tax time too and in other aspect, bank may
want to see balance sheets and profit and loss statements before giving a loan.
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Identification and
Measurement of
transaction and other
Closing Journalization
Posting
Financial
Statement
Preparation
Trial Balance
Preparation
Adjusted Trial
Balance
Adjustment
Figure 4.1: The standard accounting cycle.
At ABC company, it was introduced to an effective system which is SQL
Accounting Software. It is an easy software to key in transactions unlike preparing
manually which is slightly difficult. Under Supervision, it takes several weeks to learn
about SQL Accounting Software and memorise several procedures in process.
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The task given using SQL Accounting software overall play parts in cash book
entry, and preparing draft for trial balance. The rest of stages in preparing account is
handled mostly by supervisor. It is a clearly steps on how to do the costing and resolve
the inequelity of financial statements. The following procedures are being done:
1. Login to SQL accounting software provided in PC.
Figure 4.2 : Main Screen once logged in.
-The frontpage appears main menu that helps user to easily access different modules and
its features quickly.
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2. Set date and create particulars for company or enterprise
Figure 4.3: View for setting transaction date
At this point, SQL Accounting user does not have to do monthly end and yearly end by
which all transaction is stored in one database, hence do yearly comparison. However if
user do required to do a year end, normally just set the acceptable transaction date like 1st
January 2016 to 31st December 2016 at tools > option> gneral ledger.
By doing this any transaction that falls out this date range will not be acceptable to record
even if user try to add, the moment user click “save” it will be rejected.
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3. Maintain chart of account
Figure 4.4 : The view showing various sub-accounts created
User can create multiple level of sub-account properly with code that helps with sequnce
to maintain chart of account. It made things easier.
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4. Maintain opening balance
Figure 4.5: View opening balance
Key in accordingly either debit or credit.Transfering figures from audited financial
statements from last last year, and make sure overall figures is balance by the end of
process.
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5. Start key in receipt or payment vouchers- using cash book butt and bank
statement
Picture 4.6: All recorded cash book entries
Figure 4.7: View for each payment voucher entry
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There are two types of document to be keyed in into the cash book entry, on the right side
next to the new button is an arrow down key where user can select either payment or
official receipt voucher which indicates expenses or other incomes.
Cash book entry: start with general ledger and the cash book entry icon, Let’s say user
choose payment voucher to enter payment made by company; if user want to pay
electricity bill, type the description as in check book butt >select type of payment which
is bank >key in check no. >select the account correctly >Key in price > save it. Entries is
continously repeated until all the transactions are recorded
6. Confirming the balance in ledger report is tally with balances in bank statement
every month
Figure 4.8: Selecting Bank Account to view Ledger Report
Figure 4.9: Balance in Bank Statement by the end of the year
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Figure 4.10: Comparing ending balances
-Once finished entering, user must compare the balance in ledger report to confirm that
final figure is on 31st December tally with the bank statement. If otherwise it prove that
user had missed some transactions.
Figure 4.11: Expenses are also to be keyed in made by petty cash
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Figure 4.12: Expenses by petty cash are recorded
7. Print out trial balance
-Under further supervision, there are task usually discussed the printed out trial balance
from SQL system to prepare draft on Microsoft Excel Sheet, and further financial
statements in process. The responsibility is to be honest and careful while preparing it
most part of management account. Above all else, it is important that student get
experience in preparing account for Mabo Petroleum Sdn. Bhd and DHN Jaya Enterprise.
4.3 Problem encontered and approach adopted for solving problem x
4.4 Professional and ethical issues
4.5 Health and environmental issues
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CHAPTER 5
CONCLUSIONS
This section should have an overall illustration and discussion on the industrial training
along with conclusion on the training. This section shall emphasize on the major tasks
carried out, major contribution for the company, comments on the tasks performed,
recommendations etc. Suggest possible solutions to part (g) above.
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REFERENCES
1. Books/ Articles
• Learning module –Principles of Auditing (PAT1013) (last semester)
Prepared by: Pn. Hasnah Jusoh, Pn Faridah Ishak, Pn. Marsita Ismail, Pn.
Suzilawati Uyob, Pn. Nurisyal Muhamad.
• Sample Internship Report As Guide By Nurul Husna Binti Zahari (AC087395)
Bachelor Of Accounting (Hons), College Of Business Management And
Accounting, Universiti Tenaga Nasional -Semester 2 2014/2015 –(staff Wan
Nadzir & Co.)
• Standard guideline from Pn Noor Syuhaileyza Binti Shamsuddin / academic
supervisor..
2. Individual- Encik Yusmadi bin Jaafar. (Industrial training supervisor)
3. Factitious Websites
• https://www.thebalance.com/what-is-an-internship-1986729
• http://www2.le.ac.uk/projects/oer/oers/psychology/training-and-
developmenthttp://www2.le.ac.uk/projects/oer/oers/psychology/training-and-
development-introduction-and-overviewintroduction-and-overview
• https://www.thebalance.com/internship-expectations-1986797
• https://en.wikipedia.org/wiki/Auditor%27s_report
• http://www.fec.gov/pages/brochures/auditprocess.shtml
• http://www.syntech.com.my/products/sql-accounting/sql-
accountinghttp://www.syntech.com.my/products/sql-accounting/sql-accounting-
features.aspxfeatures.aspx
• http://accountlearning.blogspot.my/2012/02/importance-of-vouching.html
• https://pcaobus.org/Standards/Auditing/pages/auditing_standard_15.aspx
4. Demo Videos from “syntaxtechnologies” channel with 1,702 subscribers
• Speaker: Bryan Cheong /Email : bryan.cheong@syntech.com.my
• https://www.youtube.com/watch?v=9R_afhgAW0s
• https://www.youtube.com/watch?v=q08TB4lAMBE
• https://www.youtube.com/watch?v=5cvoykcCJbU
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APPENDIX 1:
EXPENSE CLAIM FORM (Appendix should be
mentioned in the report)
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