i did not enter office today~

Date: 27 October 2010

Duration 824 pm

I reached home around six today.

I did not enter office today. Neo and I were in client's office for auditing. Everything seems smooth. The progress was good. I had done my section E- operating expenses. The remaining section is Section F- Taxation which is the most difficult portion of working papers. I always heard groans from seniors about this section F.

Well, i have no idea how hard it is. I believe it is hard. I have yet to handle this challenge.

Looking upon that, but i believe that i can handle it.!!

I was doing Section E- Staff cost and Director remuneration. Many companies group EPF and SOCSO together regardless whether its director's or staff's EPF. We are required to reclassify EPF of Director into Director's remuneration or Non-fee emoluments from the EPF and SOCSO expenses.

As for the Staff cost, there is requirement under Companies Act on Schedule 9 Disclosure. Hence, we need to prepare working paper on the computation of Schedule 9 which would be used in drafting report later on.

I did not manage to finish my PCB test today. I guess i was kind of slow in using EXCEL. EXCEL has more functions yet to be explored. ^^

We had our lunch in one of the cafe in Cheng( opps, i forgot the name ). Four of us( including another two seniors auditing another company nearby our location) ordered the same meal - Asam fish rice. During lunch hour, it's really a good time to know more about people in the office--> gossip in the office. There is another senior ( he is also a MMU graduate) leaving the firm soon. There would be always people leaving and coming audit firm every month, that's what i heard from seniors. Well, i would just observe that. This is my second week, I had already seen two leaving. The first one is Fion who is leaving for ACCA examination. The second one is James, the MMU graduate aforementioned.

Tomorrow i would be entering office to do some printing. Oh yeah, would like to ask Jac about PCB computation too. Neo forgot how to compute PCB as she has only done it once. ^^

Thanks Neo for picking me up to client's office and sending me home today. Not forgetting to thank Neo to solve all my non-tally figures. ^^