29/12/2014
My 1st day in Sunshine Region
On my first day of internship, Tim, the managing director introduced and explained the whole operations, logistics and products regarding Sunshine Region to me. Furthermore, I got the opportunity to try out all the products. 3 thick documents had given to me which were Traceability of Raw Edible-Bird’s Nest- Requirement and GMP for Processing Raw clean and unclean Edible Bird’s Nest (EBN) and EBN Specification. I spent my next few hours reading these and it had really prepared myself with the best industry information to go further and confident enough to intern here. The professional knowledge that I learned from the documents allowed me to know the procedures and requirements of processing EBN so I would be able to start up my own EBN health care business in the near future.
I met 2 of my accounting supervisors who were Pooi Yoke and Ira. They had taken me for a walk in the company and
introduced other colleagues for me. It was great for me because the people over here were so friendly and we had lunch together for the entire days.
30/12/2014
- 2/1/2015
These few days I followed both of my supervisors to stock take in 2 of our outlets that were in Empire Mall, Daratan Prima and the factory. It was an eye opening for me when came to stock take the raw cleaned EBN. We used sensitive and high end weighing machine to weight it and calculated pieces by pieces. The raw cleaned EBN were classified into cup size 3A, 2A, 1A and triangle according to the size of the nest.
Stock
Take in the outlets
These few days I followed both of my supervisors to stock take in 2 of our outlets that were in Empire Mall, Daratan Prima and the factory. It was an eye opening for me when came to stock take the raw cleaned EBN. We used sensitive and high end weighing machine to weight it and calculated pieces by pieces. The raw cleaned EBN were classified into cup size 3A, 2A, 1A and triangle according to the size of the nest.
 | |
| Empire Outlet |
 | |
| Dataran Prima Outlet |
Conclusion
The objective of this stock take was to ensure correct amounts of stocks because the auditors from AK Pang Audit Firm would come over by next week. Hence, we needed to calculate everything even those woolen bags and the bird’s nest inside the decoration bottles. My supervisors were so helpful and willing to teach me about the skills in stock taking all of our products. We worked in cooperation in counting each product and we had communicated well for the stocks counting. Hence, all of our stocks were correct and tally to the numbers in the system and the stock cards.
My supervisors had taught me the importance and
purpose of stocks take. A professional accountant and finance related
worker should know that stock take is paramount for a company especially those
companies that are having outlets or warehouses. It is because accounting and
finance department that controls whole company’s operation is in headquarter
which make it difficult to monitor all the transactions of stocks especially stealing
of products. Hence, stock take occasionally is compulsory to make sure stocks
are available and in turn monitors the behavior of employees to prevent
stealing case from happening.
In the future, if I work as auditor in Big 4 accounting firms, I will double check the stock take amount of stocks for the company that I am in charge. The amount of stocks in the company is directly related to the assets that the company is having. I will be responsibility enough as I know how heavy the responsibility for an auditor that need to ensure all the data and accounting records of the company is fair and true.
Challenges Faced and the Solutions
The challenges faced would be the error calculating of stocks in physical and some of the physical stocks are not equal to the stock cards or the inventory system. The technical ways to perform stock take could be perform like using weight to weight the pieces of bird's nest instead of pieces by pieces counted in order to make the process faster and correct. The inventory system or stock card need to be balance hence updated daily is compulsory to be implemented by the company policy. It allows daily stock take to be carry out either in warehouse, outlets and consignment store.
In the future, if I work as auditor in Big 4 accounting firms, I will double check the stock take amount of stocks for the company that I am in charge. The amount of stocks in the company is directly related to the assets that the company is having. I will be responsibility enough as I know how heavy the responsibility for an auditor that need to ensure all the data and accounting records of the company is fair and true.
Challenges Faced and the Solutions
The challenges faced would be the error calculating of stocks in physical and some of the physical stocks are not equal to the stock cards or the inventory system. The technical ways to perform stock take could be perform like using weight to weight the pieces of bird's nest instead of pieces by pieces counted in order to make the process faster and correct. The inventory system or stock card need to be balance hence updated daily is compulsory to be implemented by the company policy. It allows daily stock take to be carry out either in warehouse, outlets and consignment store.
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