Furthermore, my supervisor had given me the company's 3 years annual report. Then, I was assigned to calculate the financial ratios and interpret the company's financial health based on the income statement, cash flow statement and balance sheet. Besides, I need to do some financial anaylsis based on the calculation that I had done to examine the company's financial health. The four main areas which I focus on are profitability ratios, liquidity ratios, activity ratios and solvency ratios. Profitability ratios measure a firm's past performance and help predict its future profitability level. Liquidity ratios evaluates a firm's ability to generate sufficient cash to meet its short-term obligations. Activity ratios are used to measure the relative efficiency of a company based on its use of its assets, leverage or other such balance sheet items. Solvency ratios will mesaures a company's ability to meet the obligations created by its long term debt. After calculating all these ratios, I also had suggest some recommendations that the company can adopt if they have faced some financial problems. However, I will need to asked my colleagues some details on the background of the company before I can make any recommendations. By doing this financial analysis, the company will know how to control their finance and determine the time that is suitable to pay their debt to the suppliers and receive the payment from their customers. However, I had also faced a problem when I calculate the financial ratios because I always mixed up the figures for different years. Hence, I need to be more careful and make sure that the figure I type in to Microsoft Excel is correct as the incorrect amount will affect the company's financial analysis. Besides, I had learnt the format of calculating the financial ratios in my university but I had never tried to calculate based on an existing company. Therefore, I had learnt how to analyze the financial ratios based on the calculations. If I have a chance to operate a business myself in the future, I can make use of these knowledge to assess the business's financial health.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Moreover, my supervisor had also assigned me to do some reseach on the "Enterprise 50 Award". Enterprise 50 Award is started in 1996 and marks its 16th year in existence this year with support from the Ministry of International Trade and Industry. For every year, there will be 50 winners are selected from amongst the nominations received and the evaluation is based on key financial and non-financial factors. The advantages of being the winners are they can be automatically nominated to the Industry Excellence Award and the National Productivity Award. Furthermore, they can also get some free sears at the exclusive award dinner where winners will be given the opportunity to network with other winners in the industry. Then, I will summarize all the information that I have gathered and present to my supervisor. The objectives of conducting this research is to let the company's staffs to have a brief understanding on the qualifying criteria, submission guidelines, rules and regulations, evaluation process, moderation process. It is important for the staffs to understand all the criterias of this award so that they can be well prepared to participate in the "Enterprise 50 Award". Furthermore, sometimes there are a few colleagues will ask me about the details of the award if they do not fully understand. Hence, I must be well prepared to answer the questions as I am the one who provide the information to my supervisor. However, I have faced a problem whereby the information that I have found on the website is not completed. Therefore, I have decided to make a phone call to the organizers to enquiry some information about the award. Besides, I have learnt that planning is the key towards success because all the staffs from the different departments must work hard together to win the award. Hence, I hope that I can work towards my goals of getting a high CGPA in the future by utilizing my planning skills in my studies.

 

 

 

 

 

 

 

 

 

 

Furthermore, my supervisor has also assigned me to check the ledger reports for the year 2012 with my colleague together based on the SQL Financial Accounting software. For example, we will need to check the ledger reports for the factory and fittings for office, office equipment, motor vehicle for factory, machinery and factory tools and so on. The main reason of checking the ledger reports is because that on year 2012, my colleague had printed out the ledger account but at this time on year 2015, the account department had make some changes on the description, invoice number, or on the figures. Therefore, we have to check and highlight the changes so that my colleague who is from the account department can do the ammendment The main objective of checking the ledger reports is because the auditor will be coming to our office on the mid of April and our accounting department must be well prepared on our accounts by that time. Besides, my colleagues are also busy at the same time because they need to close the account at the year end and prepare for the implementation of GST too. One of the problem that we faced was we do not have enough time to do the checking because there are more than thirty ledger reports in the year itself and we need to complete it by tomorrow. Hence, we have decided and also agreed to divide our jobs and bring the ledger reports back home to do it so that we can finish our work before the dateline. Besides, I have learnt that time management skills and coorporation within a team is important. Therefore, I will make use of my time management skills to prioritize and focus on the work which I think it is important so that it will not affect the quality of work.