3.2 .LI Report
3.2 .LI Report
3.2 .LI Report
1.2
2.
business
3.
4.
5.
OUR SERVICES
2.1
Company Details
Name of Company
Address
Telephone No.
09-515 8442/43
Fax No.
09-513 3151
Company
AF-0835
Registration No.
Type of Business
Accounting Firm
Status of Company
Sendirian Berhad
Owner
Cindy Choo
2.2
Position
CEO&CO
Description
Management level
O
S1
S2
S3
A1
A2
A3
Senior
Senior
Semi senior
Semi Senior
Junior
Junior
2.3
VISION
Proactive in meeting our clients needs and solving their problem is our
focus.
Building a positive & highly performing team is our aim.
Assist our clients in their business and wealth growth is our purpose.
Growth together in profitability with our business associates are our goal.
MISSION
We are committed to be the Leading Business Consultant of choice
providing Quality Services & Solutions in the best interest of our clients.
3.0
MANAGEMENT
The employments in Perfect Biz Advisory Group are in small group because
of all the activities in the company are computerised. This company hired
20 staff includes Chief Executive Officer (CEO) and Chief Operation
Officers (COO).In the job level structure the level of the staff divided by
two management level and non-management level.
In PBAG there is a variety of department are exist such as tax and
secretarial department, Accounting and audit department and SQL and
GST department. Every department are given job specification and every
staff has given their own case.
All the staff will be updated their schedule by using google calendar. Every
staff is compulsory to have their own email address and compulsory to
update their calendar every day. From the update staff will be more alert
about the deadline and new task.
Every morning there will be admin updates to remind all the staffs about
the new tasks and news. After the admin updates management will sit
together with the staff for the morning meetings to go through the
progress of their given case.
OPERATION
Tax
Tax
Tax
Tax
PBAG can offer you our professional tax investigation advisory services
and give you the most invaluable support and guidance as to the Dos &
Donts during an investigation.
Tax Incentives
Our Government has been generous in giving a great number of tax
incentives such as pioneer status, investment tax allowance, reinvestment
allowance and more to the taxpayers.
Tax Compliance
PBAG also can assist you in registering tax file number and an employers
file number, preparation of tax computation and supporting schedules and
submission of tax returns. We are here to serve and help you in your tax
risk management.
Tax Advisory
The list of advices PBAG can render to you is inexhaustible. It ranges from
individual tax planning, capital gains versus business receipts, corporate
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Statutory audits
Management & operational audits
Due diligence audits
Compliance audits & Systems audits
Advice on internal control systems
Acting as Reporting Accountants
Carrying out special investigations
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1.
2.
3.
4.
5.
6.
Incorporation of Companies
Licensing Application Services
Conducting Company Searches/ Business Searches
Corporate administration and secretarial services
Provision of Registered Office Address
Providing comprehensive practical support and
guidance
to
directors
7. Ensuring compliance with requirements of regulatory authorities
and Companies Act, 1965
Business consulting & Accounting services
Adhering to international accounting standards, PBAG are able to offer you
accounting services of proven quality to ensure that your business stays
ahead in the extremely competitive commercial world. PBAG are also able
to provide fast, accurate and up-to-date accounts of your business by
using established accounting software. All aspects of financial and
accounting requirements are provided, such as:
1. Record-keeping of financial performance
2. Development and installation of accounting systems
3. Preparation of budget, management accounts & periodic financial
analysis
4. Reorganization of accounting departments
5. Provision of payroll services, contributions to EPF and SOCSO
liquidation
team
is
dedicated
to
assist
business
owners,
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12
13
impact
of
various
forms
of
ownership
on
the
estate
administration
2. Understanding the role of the executor/trustee
3. The length of a common probate or trust administration
4. The consequences of an estate without a will (intestacy)
5. The importance of detailed record keeping during the process of
probate
14
GST
support
and
consultation
on
pre
and
post
implementation.
5. Provide GST support and consultation on compliance process.
6. Review and e-filing of GST returns.
Accounting / Payroll Software
1. Provide SQL accounting / payroll software
2. Provide training on SQL accounting / payroll software
3. Provide one year support & maintenance
MARKETING
1. Flayers
Because of PBAG provides a lot of services there are a few flayers
release for every type of services.
a) Audit and Assurances
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c) Tax services
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FINANCE
The
basic
salary in PBAG
is RM 1500 for
the permanent
staff. But, during the probationary period the employee will get only
RM800 and if after three or six month for permanent staff month that
particular staff
19
up to RM 180. But for tax cases of sole proprietor and partnership the
commission given RM 50 for each successful client recommended.
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21
Figure 4.2 Company data entry before staff can access the company tax
data.
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Figure
4.3
shows
23
4. SQL software
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4.0
25
1.
Filing
Filing is the best part of accounting steps. It is because clients will
give us their raw receipt without any sign of subject. From this
process I did help permanent staff to organise the raw material to
set them properly in the file. It will help me to double check the
mistake has been made before and it easier to find the missing
payment.
2.
Casting
In audit department casting is all about double check. Whether to
check the clients calculation or task from a staff who wants me to
double check their calculation. Actually, in accounting is more than
that. After the filing process casting is the most important part. I
need to be more particular and certain so that I did not miss out any
number in the receipt. In casting process I need to clarify the type of
payment has been made by clients before I go through with
preparing payment voucher.
3.
its
take
some
time
to
understand
it
because
of
Key in transaction
PBAG used variety types of system. In PBAG, we are familiar with
UBS and SQL. I am using UBS system most of the time. Its not
difficult for me to understand the system because of I need to get
my certification for UBS in semester four.
5.
26
the time client only made human mistake. There is a time client
give us uncomplete general ledger account. In this situation I need
to made remarks so that auditor can call client to get the missing
account.
6.
7.
Training
All the staffs in every department in PBAG are compulsory to involve
in training session. There two types training in PBAG first learning
and teaching session and case study session. As an intern in
accounting and audit department I did involve in both training
session with other trainee.
5.0
27
2. Company taxation
I did pass this subject in semester five. In the real working environment
this subject are related to the audit subject. After break down process
are finished, its help the accountant to accumulate the tax has to be
paid by the clients. It helps client to reduce their tax payment.
3. Public Communication Skills
Throughout this internship I always need to talk to other people mostly
staff. There is time when CEO will have a discussion with the trainee to
talk about path after internship. I am glad to say that I can talk as
much as I can with confident.
4. Company Law
This course helps me as a student and intern to understand Articles of
Association (AOA) and Memorandum of Association (MOA) in the
simplest way. In PBAG as an intern we do need to touch all
departments to understand the company more. Company law subject
used most in secretarial department and audit department. There rules
for clients need to fulfil according to the AOA and MOA such as number
of board of director, appointment of auditor and etc.
5. Financial Accounting 1
Because of most of PBAG clients are Small Medium Enterprise (SME),
there is not a lot of difficult transaction to be made. I need to know the
basic principles and debit and credit transaction.
6. Financial Management
During the break down for audit process as an intern I did help
permanent staff to calculate annuities for car loan. During this process I
did see and understand how the clients company are make the loan
from bank to buy company cars.
7. Entrepreneurship
28
In this subject all the student learn the variety type of company nature
such as sole proprietorship, partnership, public limited company and
private limited company. From this subject I need to make up a
business proposal to understand more the business nature and how the
business works. Its very useful. This subject and the real field are very
close. It is because as an intern I need to understand the clients nature
and needs to differentiate the personal and business payment.
8. Accounting Information System
In this subject there is a lot of things I did learn especially to
understand type of cycle and how did the process happened. When I
was in internship the view are more clear instant of learn in the class
especially in expenditure cycle.
9. Mandarin
Because of most of the staff and clients are Chinese, they are prefer to
speak in Mandarin. The situation is very odd to me to adapt. But, by
remembering Chinese character, words and sentences the ice between
us has been break. I also can help other Malay intern to understand the
receipt has been written in Mandarin and help them to understand
what other staffs are talking about.
10.
In PBAG every morning all the staff includes interns we need to attend
Admin updates and makes a cheer sounds PBAG Go For Growth, Oh
Yes. This spirits I earn during the Corporate Social Responsibility. We
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are together no matter what to archive our goal. I get along with them
very well without being racist.
6.0
6.1
Me:
Mr. Cheng:
Me:
Mr. Cheng:
40 years old
30
Me:
You have been study before, can I ask where is your college
and until what level you have reach?
Mr. Cheng:
Me:
Mr. Cheng:
Me:
Mr. Cheng:
Me:
experience?
Mr. Cheng:
Me:
Mr. Cheng:
Me:
Mr. Cheng:
Me:
What are the big changes you have experienced when you
are working in PBAG?
Mr. Cheng:
Because of I have been working here for 20 years, I can see a lot of
changes happened. First, the biggest changes are this company
itself from the traditional firm its become as a one stop accounting
firm. Second, we have many divisions and our company become
bigger. Lastly, all the work we do it computerise by using software
and excel.
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Me:
Mr. Cheng:
II.
Supporting Staff
The person I had interviewed is my own mentor in the office. Her
name is Ng Pei Che or her nickname in office is Kathleen. She has
been work for one year seven months in the company.
Here the conversation begins:
Me:
Pei Che:
Ng Pei Che
32
Me:
Pei Che:
Me:
You have been study before. So, can I ask where your
college is and until what level you had reached?
Pei Che :
Me:
Pei Che :
Me:
33
Pei Che :
Me:
experience?
Pei Che :
Me:
Pei Che :
I have been working in PBAG for one year and seven months.
Me:
Pei Che:
Me:
What are the big changes you have experienced when you
are working in PBAG?
Pei Che:
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Pei Che:
6.2
35
Miss Cindy
I would like to introduce the CEO of Perfect Biz Advisory Group Miss
Cindy Choo. She is very talented person I ever met. She got a lot of
certification such as CPA Australia, Certified Financial Planner (CFP),
Certified Treasury Professional (CTP) and etc. it shows that she is very
aiming for something when she takes a lot of certifications seriously.
7.0
PROBLEM/ SUGGESTION
36
37
7. Lack of experience
Experiences are the most important things in the work field. There are a
lot of things needs to study first. Example we need to study how to used
photocopy machine, without a basic knowledge how to use photocopy
machine it hard for a trainee to print out the audit report it easier way.
8. Respect
Respect is the most treasured attitude in working environment. When we
respect the eldest, other will respect us back. I did learn a lot during this
internship. I do need to respect the time of works, so that the time are not
being wasted with doing other unimportant task. The priority comes first.
8.0
CONCLUSION-BENEFITS/ RECOMMENDATIONS
There are a lot of things I has learned during my internship. The objectives are
archived. From this Industrial training I did archive these objectives of industrial
training:
1.
2.
business
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3.
4.
5.
future
employees.
I did
learn
commitment and
ability to
take
responsibility, make sound decisions, and apply technical skills during the
internship. Industrial training gives students opportunity to see their effort for
past 3 years are satisfied or not. I highly recommend Industrial training to the
junior so that they can new experience in their life.
9.0
APPENDIX
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