Nur Dalila completed her practicum from June to November 2013 at AJ Isma & Partners. She was attached to the accounting department where she performed tasks like maintaining accounts using MYOB software, updating client accounts, and preparing financial statements. She also assisted in the auditing department by filling audit checklists, preparing working papers and draft audit reports. Additional administrative duties included courier runs, phone reception, and office cleaning. The practicum provided hands-on experience in accounting and auditing skills as well as professional work experience.

1. POLITEKNIK SEBERANG PERAI
KEMENTERIAN PENGAJIAN TINGGI
MALAYSIA
PRACTICUM REPORT
Prepared by :
NUR DALILA BT MOHD ZAMRI
(10DAT11F2016)
JUN 2013
COMMERCE DEPARTMENT
(ACCOUNTANCY)

2. INTRODUCTION
1.1 PRACTICAL TRAINING
Practical training is a study of teory and practically. It was a study outside Politeknik
Seberang Perai. Each student compulsory to do the practical training for one
semester that is 5 months 15 days. Each student must do it before get a Diploma.
The training must be at the firm that student have been selected by themselves.
1.2 OBJECTIVE OF PRACTICAL TRAINING
The goals of practical training as a platform for students to practice knowledge and
skills learned from classroom into real working environment. Practical training also
one of the platform to share some experience with existing employees and employers
in related to management, communication and other issues related to career. During
the practical training session, students will be able to improve their communication
skills and confidence in expressing ideas and opinions. So we can see that practical
training is a first step to the students before they go to the real working environment
and its help the students to develop for their future career development.
1.3 PRACTICAL TRAINING PERIOD
Practical training period is in the study period semester. In this semester, date that
have been choose to start it starting from 17th Jun 2013 until 1th November 2013 . So,
student must start working when the firm want to do so.

3. 2.1
ORGANIZATION BACKGROUND
AJ ISMA & PARTNERS
AJ Isma & Partners was established on 2nd May 2002 through partnership between
Mr. Augustine James, Mr. Ismawadee Bin Ismail and Mr. Mohd Arif Bin Mustapah to
provide assurance and taxation services for small and medium sized clients. The
practice is now being carried out at five locations around Malaysia; in Bandar Perda,
Bukit Mertajam (main office) as well as in Seberang Jaya, Penang, Ipoh, and Kuala
Lumpur (which practice operates under the name of Ismawadee & Co.). Besides, the
company also have three others associates in Kangar, Alor Setar and Sungai Petani.
We are currently providing assurance, taxation and other services to more than 300
clients.
2.2
OBJECTIVE OF THE ORGANIZATION
AJ Isma & Partners have a long-term goal to become the premier professional
services organization especially in the northern region of peninsular Malaysia.
2.3 MISSION OF THE ORGANIZATION.
AJ Isma & Partners have their own mission. Their mission is to provide a professional
service to clients, based on the clients requirements, efficiently, in time, and in all
instances maintaining the highest professional standards.

4. 2.2 ORGANIZATION SERVICES
AJ Isma & Partners services have been organized into five lines of
service which is auditing, accounting, taxation, secretarial services
and business advisory services. Each staffed with highly qualified,
experienced professionals in our profession to provide the best
services to client

5. 3.0 BACKGROUND OF DEPARTMENT
3.1 INTRODUCTION OF ACCOUNTING DEPARTMENT
For the whole period of attending practical training at this firm, I had
been mostly attached to the Accounting Department. Although our
account department is not the main activity of the AJ Isma &
Partners but it also generate revenue to the company. The number
of staff in this department is small, compared to audit department in
the other firms and it was monitored wholly by Mr. Ridzuan
our account supervisor before our boss handle it.

7. Maintaining full set of account with the computerized accounting.
Updating the clients accounts
Advisory services – including hands on training on all types of software. Eg.: MYOB
Designing report format
Cash Flow projection
Stock counts and reconciliation
Management Accounts

8. 4.1 ACCOUNTING
KEY IN DATA
To prepare all the account we used MYOB accounting software. First, I should identify
all documents needed. Then, I will study and be familiar with the nature of business of
the company for easy understanding during prepared the account. After that, I should
key in all the opening balance in the system and it is based on the balance sheet for
the last financial year audited account. After all opening balance already key in, I
prepared to key in all transaction on the bank statement by clearing it in suspense
account by using cheque bud whether using ID or date.
RECORD TRANSACTION
I recorded all transaction of invoices, payment voucher, sales, purchases, staff cost,
utility, stock and other expenses by using general ledger in MYOB. After finished
record all the transactions, I will give it to my supervisor for finalize and take further
action.
FINALIZE ACCOUNT
During my last month here, I was giving opportunity and trustworthy by my supervisor
to finalize the accounts for cooperative. After finished record all the transaction by
document that I got from supervisor such as cash book, cheque book, ledger, bank
statement, payment voucher, I finalize it by using Profit and Loss Statement and
Balance Sheet to look whether it gain profit or loss or been name as Financial
Statement.

9. 4.2 AUDITING

FILL SECRETERIAL AUDIT CHECKLIST

PREPARE AUDIT WORKING PAPER

EXTERNAL AUDIT/ AUDIT TEST

PREPARE DRAFT AUDIT REPORT

PREPARE LETTER FOR SEND DRAFT

PREPARE CERTIFICATE OF DIRECTOR

BIND FINAL AUDIT REPORT
4.3 ADMIN TASK

made a courier, pick up the phone, cleaning the office, go to the bank to bank in
cheque or transaction at the counte, faxs some urgent document.

10. 1 -Receive documents from client
2- Key in bank statement in
3- Clear suspense
4-Record transaction by payments, sales, purchases.
5-Perform balance sheet
6-Perform profit and loss audit
7-Send to supervisor for casting

12. Speed
Automatic
document
production
Cost savings
Staff
motivation
Accuracy
ADVANTAGES
OF MYOB
Up-to-date
information
Efficiency
Availability of
information
Legibility
Management
information

14. Trouble to company that give a lot document and take
long time to key in it
Need to train all employees on how to use
If internal controls are not set properly it can be
harmful to the company
Crashes that lose important data (however that can be
overcome by keeping record in USB)
More controls need to be used so that confidential or
private data are not used illegally with you to blame
Confidential is company data and private is customer
private data

15. 
Receive documents from client

Prepare office checklist

Prepare confirmation letters

Review previous report

Check the trial balance

Perform basic test

Perform balance sheet audit

16. 
Perform profit and loss audit

Compute tax reconciliation

Review the audit report with manager

Amend necessary audit report

Send the file for further review and approval

Send the report to client for sign and related document

Send 2 copies to client, 1 copy to tax agent, 2 copies to company
secretary and another 2 copies for auditors

17. JUNIOR AUDITOR
A.J. ISMA & PARTNER
SESSION JUN 2013
NUR DALILA ZAMRI
(10DAT11F2016)
COMMERCE DEPARTMENT
ACCOUNTANCY