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)

Accounts Processing of AR-related transactions

Receivable Updating AR subsidiary records
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 Recording inventory-related transactions
Control
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
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
Giving separate attention to dunning letters in
Dunning Letter order 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
Master Data
information 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
Revenue Cycle 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)
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
Expenditure the company decides to purchase raw materials
Cycle until 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
General transitory 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

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
Processing of AP-related transactions
Updating AP subsidiary records
Summarizing transactions thru schedules &
reports
Observe the physical count of inventory and
Inventory Cycle
supplies, 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;
Capital Asset
Examine supporting documents for acquisitions
Cycle
and disposals 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 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.
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
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.
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: ______________________