STUDENT PROFILES

NAME :

STUDENT ID :

IC NO :

ADDRESS :

MOBILE NO :

EMAIL :

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TABLE OF CONTENTS

CONTENTS

1. STUDENT PROFILES1
2. TABLE OF CONTENTS..2
3. ACKNOWLEDGEMENTS...3
4. BACKGROUND OF THE FIRM...4-5
5. SUMMARY OF THE JOBS DONE...6-8
6. SWOT ANALYSIS.9-10
7. CONCLUSION...11
8. APPENDICES..12-20
9. REFERENCE.21

ACKNOWLEDGEMENTS

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It has been great honor and privilege to undergo training at Comtax & Accounting

Services for the six months beginning 1st August 2014 until 31st January 2015.

First of all, I would like to give special thanks to both Madam Nurul Hidayah Binti

Ahamad Nawawi and Madam Noreen Azella Nawi, Coordinator Student Internship UiTM

Kampus Bandaraya Melaka for their assistance to help us to choose the place of

training.

I am very much thankful to Managing Director of Comtax & Accounting Services,

Madam Janiah Bt Hussain for providing all facilities and support to meet my practical

training requirements.

I would like to take opportunity to express my humble gratitude to my

supervisors both the university, Sir Mohd Amran Mahat from UiTM Kampus Alor Gajah

and field supervisors and all staff of Comtax & Accounting Services for their constant

guidance and willingness to share their vast knowledge made me understand to

complete the assigned tasks and the good corporation they had with me during the

training period.

Finally, I thank my parents and friends for their constant encouragement without

which this internship would not be possible.

Thank you very much and all the best

1.0 BACKGROUND OF THE FIRM

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NAME OF COMPANY : COMTAX & ACCOUNTING
SERVICES

ADDRESS :

REGISTRATION NO. :

TELEPHONE AND FAX :

COMPANY TYPE OF : ACCOUNTING, AUDITING,

BUSINESS COMPANY
SECRETARY, TAXATION,
INSURANCE
AND MANAGEMENT SERVICES

COMPANY STATUS : SOLE PROPRIETORSHIP

COMPANY OWNER :

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Vision and Mission

Comtax & Accounting Services mission is successful customers want to be achieve

robustness to thrive from time to time together and provide quality service.

Vision Comtax & Accounting Services is

Provide high quality services to customers.
Achieve robustness and good profit margin in order to continue to grow.
Promote and develop competent and innovative management of oriented

honestly and proficiency levels are professionalized.

Always seek the interest of the customer.
Creating a motivated workforce groups who are imbued with the right work ethic

and is fully committed to the task and provide an efficient service to customers.

Objectives of this firm

All students apply to disciplining yourself to make study notes and record all the

activities performed during the industrial training.

All records will be provided as evidence to the polytechnic that the student has to

undergo industrial training successfully.

It also could test the patience of the students in preparing the reports quality.
Able to increase its efforts and creative thinking and hard work in finding

resources for inclusion in this report are made as important info.

2.0 SUMMARY OF THE JOBS DONE

At Comtax & Accounting Services, practical students have been exposed to accounting,

auditing taxation and also secretarial services. During six months here, I have been

given opportunities to do accounting, audit and taxation.

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 ACCOUNTING

At the beginning, I was taught how to create account of the company using Microsoft

Office Excel. We need to key in data from the documents given such as official receipts,

cash bills, cash book, invoices, bank statement and many more. All the revenues,

expenses, assets and liabilities must be key in. I have learned how to key in debit credit

items, delete and edit transactions, backup and restore data. The reports such as

balance sheets, trial balance, profit and loss account and cash flow will be generated

after we completed key in all the data.

List of the companies that I have done:

i. Perniagaan Sinar Maju Sdn Bhd

ii. SSB Construction Sdn Bhd
iii. Kaliwang Resources Sdn Bhd
iv. Agropole Sdn Bhd
v. Innovative Force Sdn Bhd
vi. Halizah Ventures Sdn Bhd
vii. IPCergas Sdn Bhd

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 Microsoft Office Excel

AUDIT

For auditing, I have been assigned to do working paper and report. Before prepare

working paper, I need to study the ledger first. Any queries regarding the ledger must

be sent to the company to make me more understand and clear about the data

given. There are certain sections in the working paper including fixed asset and

investment, inventories, debtor and other receivables, bank and cash balances,

creditors and accruals, long term liabilities, taxation, profit and loss item, statutory

record and shares. All these section must be done based on data in Excel. Any

supporting documents such as grants of assets, hire purchase and rental agreement

must be attached with this working paper. Besides that, I have to prepare letter of

representation and engagement, directors confirmation, bank and cash confirmation

that must be authorised by related person.

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 After I have done working paper, I need to proceed with the report which contains

corporate information, report of the directors, and statement by directors, statutory

declaration, independent auditors report, income statement, balance sheet, cash

flow statement, statement of changes in equity and notes to the financial statements.

List of the companies that I have done:

i. SSB Construction Sdn Bhd

ii. Kaliwang Resources Sdn Bhd
iii. Agropole Sdn Bhd
iv. Innovative Force Sdn Bhd
v. Halizah Ventures Sdn Bhd
vi. IPCergas Sdn Bhd

TAXATION
I have been exposed how to do tax computation, deferred taxation, capital

allowances and reconciliation statement of asset and qualifying expenditure.

After that, I filled up Form C and R using e-filling for Elmix Trading, Perniagaan Lee

Chu Tai, Tan Yu Leong, and Sacredlegend Cheng Chih.

3.0 SWOT ANALYSIS

SWOT analysis is a strategic planning method used to evaluate the Strengths,

Weaknesses, Opportunities, and Threats involved during my practical training.

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SWOT analysis is one of the most complicated things to do but plays a very significant

part in our personal progress. The personal skills SWOT analysis helps me to identify

strengths, weaknesses, opportunities and threats during my internship.

The company can then assess the results to decide if they can use their strengths to

take advantage of the opportunities and introduce the new system. After assessing the

results, they may decide that the weaknesses and threats need to be addressed before

they can make any changes to their existing product line.

STRENGTHS

The strengths in this firm are an experienced staff and low overhead expenses. They

also have good relationship with customers and good internal communication. When I

have a problem in completing my task, they are willing to help. They also have a unique

service offering or proprietary software that their competitors in Pontian do not have

such as UBS software and Brass Tax software.

WEAKNESSES

The weakness is the seasonal nature of the tax business during January until June.

This makes it financially challenging to maintain a full-time, year-round staff. the

company is lack of expertise because they takes many of practical student to do the

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works. Currently the staff are struggling to meet deadlines client and we have too much

work.

OPPORTUNITIES

They need develop new systems that add value to their services so that it make the job

faster. There are not many competitors in Pontian, so this is an opportunity to the

company to develop more systems that makes the job done efficient and effective to

attract more clients. They also have their own loyal client.

THREATS

One of the biggest threats to small accounting practices is easy-to-use online software

that makes it easier for individuals to prepare their own taxes. Small accounting firms

also face competition from the nationally recognized large companies. They establish

credibility for their firm and demonstrate that provide a more personal touch. they need

to provide paper shredder to dispose the past document that do not used anymore. This

may protect the confidential information of company and client

3.0 CONCLUSION

During my six months of practical training, I have gained a lot of knowledge and get a

good picture of the career opportunities available in the accounting and auditing
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profession. This internship exposed me in the real-life working environment that needed

lots of confident to face it. In addition, my soft skills had also improved to the upper level

that I could gave a credit to myself. My communication skills were getting better as I

learnt to inquire for any problems to the expertise or senior staffs for their guidance.

Time management was also an essential part that I learnt during the training. When my

supervisor assigned a task on me, she did not tell a specific duration to finish instead of

myself had to manage the time properly. The main reason for not exactly the time for

trainees was because trainees might study the tasks first prior to perform them.

The internship program was an interesting program that should applied to all course

because students would gain more from the training. Students could also apply the

theories learnt into practices that might strengthen the knowledge. The six months

duration was not a long period but it was the time for students to develop themselves

into real-life working environment with spirited and worth. Sometimes, students been

scolded for the mistake they did was a common situation and they should not take that

for granted. Being scolded mean to teach and correct them from making the same

mistake. As a student, the internship program has shined my skills and showed me a

good path for my interest in the next job engagement. Now, I was able to make a clear

choice in hunting for a job.

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APPENDICES

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Staff of Comtax and Accounting Services

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 REFERENCE
Henry Egyeyu (2008) from
https://www.academia.edu/2312508/Accounting_Internship_report
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 Tim Berry (2009) What Is a SWOT Analysis?
from http://articles.bplans.com/how-to-perform-swot-analysis/

(Janiah Binti Hussain, personal communication, November 3, 2014)

Franklin and Moore LLC (2010) from

http://www.mplans.com/accounting_firm_marketing_plan/situation_analysis_fc.php

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