On-the-Job Training Notes for John Andrei C. Parian

On-the-Job Training Overview

  • Trainee Details: John Andrei C. Parian, Bachelor of Science in Accountancy.

  • Company: Precine Bookkeeping and Business Solutions, Inc. located in Sta. Rosa City, Laguna.

  • Supervisory Team: Site Supervisor - Elyssa M. Conti; OJT Facilitator - Alexander S. Liboon, MBA.

  • Training Duration: Started on March 17, 2025; Total hours: 48.

  • Validity: Ends on March 22, 2025.

Weekly Training Summary

  • Week 10 Activities:

  • 03-17-25

    • Hours: 8

    • Tasks: Recorded purchase receipts in Quickbooks, computed VAT and Creditable Withholding Tax.

    • Feedback: No errors. Suggest double-checking amounts from receipts before recording.

  • 03-18-25

    • Hours: 8

    • Tasks: Computed Alphanumeric Tax Codes for clients, recorded sales in Quickbooks.

    • Feedback: No errors. Recommend creating summary reports to identify data outliers.

  • 03-19-25

    • Hours: 8

    • Tasks: Conducted an analytical review of audit documentation, prepared profit and loss statements, and calculated COGS.

    • Feedback: No errors. Emphasized verifying data sources.

  • 03-20-25

    • Hours: 8

    • Tasks: Prepared drafts for OPC 2024 Audited Financial Statement, reviewed 2023 statements.

    • Feedback: No errors. Highlighted the importance of verifying information on cover sheets.

  • 03-21-25

    • Hours: 8

    • Tasks: Entered data from the previous years' financial statements into the new audited statements.

    • Feedback: No errors. Check consistency of cash balances across statements.

  • 03-22-25

    • Hours: 8

    • Tasks: Prepared documents supporting the 2024 Financial Statement and reviewed previous audit documentation.

    • Feedback: No errors. Stressed on the need for supporting documentation to validate financial numbers.

Conclusion

The training emphasized accuracy in financial record-keeping, thorough verification of documents, and understanding the complete audit process. Key takeaways include the importance of detail-oriented work, confirming data integrity, and comprehensive documentation for all financial reports.